NORFOLK COUNTY, ON, Sept. 18 /CNW/ - Spruce Ridge Resources Ltd.
(SHL:TSX-V) is pleased to report on the exploration activities on the Deer
Lake basin property and the Turner's Ridge property in western Newfoundland.
Deer Lake Basin
The Company drilled 890 metres in 15 holes on the North Brook property.
Multiple layers of grey, flat-lying sediment were encountered in each hole but
only low levels of uranium were detected. The Deer Lake property comprises
2,468 claims covering 61,700 hectares.
Elsewhere, newly discovered uranium occurrences are being drilled at
Incinerator Road and the Dan Zone.
Drilling on the Determination Zone on the Turner's Ridge property has
been rescheduled for October so that a larger drill rig can be employed to
penetrate heavy overburden. The Turner's Ridge property includes 954 claims
covering 23,850 hectares.
The company recently completed a radiometric and magnetic airborne survey
of the Deer Lake Basin and the Turner's Ridge properties. The survey was flown
over 9,167 line kilometres at 100 metre spacings. Interpretation of the
airborne results and ground prospecting of the numerous radiometric anomalies
will determine subsequent drilling targets.
Technical information in this news release has been prepared and/or
reviewed by Colin Bowdidge, Ph.D., P.Geo., a director of the Company and a
Qualified Person as defined in NI43-101.
About Spruce Ridge Resources Ltd.
Spruce Ridge Resources Ltd. is a mineral exploration company focused on
the acquisition, exploration, and development of mineral resources, primarily
uranium. The Company has two prospective uranium properties in Western
Newfoundland, Canada: (i) the Deer Lake uranium property in the Deer Lake
Basin and (ii) the Turner's Ridge uranium, lead and gold property
approximately 30 kilometres to the north. The Company also has two prospective
gold properties in Northern Ontario at Spruce Hull Lake and Nora Lake.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
For further information:
For further information: John Ryan, President & CEO, Spruce Ridge
Resources Ltd., Phone: (519) 428-5327, Email: firstname.lastname@example.org; Kelly
Cody, Account Manager, CHF Investor Relations, Phone: (416) 868-1079 ext. 223,