BRIDGEWATER, NS, Nov. 23, 2011 /CNW/ - Silver Spruce Resources Inc. (TSXV: SSE) is providing an update on exploration on the 100% owned Straits (ST)
Rare Earth Element (REE) property in southern Labrador. The property,
located between Mary's Harbour and Red Bay on the Straits of Belle
Isle, is five to 20 km from the Trans Labrador Highway.
Helicopter supported prospecting on the 357 claim property
(approximately 89 km2), completed this month, evaluated areas identified by consultant Amer
Smailbegovic (AM) (NR Sept. 27/11) as well as other areas anomalous in La (lanthanum), Th (thorium) and REE
elements from previous surveys (NR May 27, 2010). The prospecting crew collected 54 rock samples using radioactivity,
thought to represent thorium-bearing minerals associated with REE
mineralization, as a guide. Favourable geologic units were also
targeted as recommended by AM, including the contacts between Pinwarian
granite, metavolcanic sequences and pegmatite units. Scintillometer
readings in anomalous area averaged 500 to 9000 cps, against a
background of 150 cps. Allanite, noted in orthogneiss units, gave
scintillometer readings from 2000 to > 4000 cps and amazonite
(blue-green feldspar) bearing pegmatites gave scintillometer readings
ranging from 1000 to 3000 cps. Results are pending and will be released
In October 2011 AM evaluated the 2006 airborne radiometric/magnetic
survey dataset with an emphasis on thorium-channel anomalies which
could be related to REE mineralization. (NR Sept. 27/11 www.silverspruceresources.com) Re-evaluation of lake sediment, stream, soil and rock sample results
from 2010 surveys have defined a number of anomalous areas. Lake
sediments gave 33 samples with values >200 ppm La, including seven >300
ppm (bg 65 ppm) with a high value of 903 ppm La. Stream sediments gave
19 values >100 ppm La, including four >200 (bg 50 ppm). Rock samples
gave three values >1,000 ppm La, with the highest 3,908 ppm (bg <30
ppm). Nine samples gave Th values >1,000 ppm, including four >2,000 ppm
and a high value of 6,810 ppm. Strong correlation in the rock samples
is noted between La and Th with the four samples that gave the highest
La values also giving some of the highest Th values (NR May 27, 2010). Twenty five rock sample rejects were selected for re-analyzing for
REE's and associated elements (NR July 6, 2010) with values up to 2.48% total rare earth elements plus yttrium (TREE),
2.2% zirconium, and 636 ppm niobium. Thirteen samples gave values >0.1%
TREE, including five >0.4%. Samples were generally LREEs with
percentages in the 85-90% range of LREEs from the samples analyzed.
Most of the high values were located in outcrop in the north central
and north-eastern ends of the property, however, one sample in the
south western part gave a value of 0.5 % TREE.
The original ST property was acquired in 2006 under an agreement with
Newfoundland prospector, Alex Turpin, who retains a 1% NSR. It covers
uranium in lake sediment anomalies associated with a north-northwest
trending fault structure in the Proterozoic metamorphosed, felsic
volcanics, now orthogneiss. Uranium exploration from 2007 to 2009
included lake, stream sediment and soil geochemistry, ground
scintillometer surveys, prospecting, and geological mapping.
Significant uranium showings were located in the south central part of
the property where the "BB shot" showing gives grab sample values up to
6.7 % U3O8 in outcrop along the contact of a weakly gneissic, fine-grained
granite, and a pegmatite with associated magnetite and biotite. The
"Bingo" showing, approximately 3 km away; also associated with the
granite/orthogneiss contact, gave 17 anomalous values (>10 ppm) U3O8) with a high value of 0.59% U3O8. Uranium/thorium ratios averaged 5:1 in samples giving uranium values
>250 ppm. Anomalous values in Th (to 6,810 ppm), Cu (to 2,720 ppm) and
Pb (>5,000 ppm) were also found with the higher Th values giving low
Samples were transported to Activation Labs' preparation facility in
Goose Bay by SSE personnel, then shipped to its laboratory in Ancaster,
ON for analysis using the 8 REE package. The laboratory uses internal
standards to check the analyses and blanks are included in each sample
batch. Plan maps of the properties showing the sample results to date,
the airborne Th radiometric and magnetic data, plus pictures of the
area are available on the Silver Spruce website.
This release has been approved by Peter M. Dimmell, P.Geo., President
and CEO of Silver Spruce Resources Inc., who is a Qualified Person (QP)
in NL and ON as defined in National Instrument 43-101.
About Silver Spruce Resources Inc.
Silver Spruce is a diversified junior exploration company with a
portfolio of rare earth (Pope's Hill, Pope's Hill JV (with Great West
Minerals Group), MRT, RWM and the Straits), gold silver (Big Easy), and
for the longer term, uranium (CMBJV, Snegamook, Double Mer, Mount
Benedict), projects in Newfoundland and Labrador. With interests in
more than 4,000 claims totalling more than 1,000 square kilometres in
Labrador, Silver Spruce is one of the largest landholders in one of the
world's premier emerging rare earth and uranium districts. For more
information go to www.silverspruceresources.com . The TSX Venture Exchange or its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) does not
accept responsibility for the adequacy or accuracy of this release. The
company seeks Safe Harbour.
SOURCE SILVER SPRUCE RESOURCES INC.
For further information:
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Gordon Barnhill, CFO & Director
Silver Spruce Resources Inc.
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Pilot Communications Inc.
Phone: 709.753.0794 ext 31