- Pope's Hill Property (MP trend) - channel sampling completed over 2.5 km
- MRT property - trenching completed, channel sampling to be completed
- Anomalous radioactivity and REE mineralization noted on both properties
BRIDGEWATER, NS, Nov. 3, 2011 /CNW/ - Silver Spruce Resources Inc. (TSXV: SSE) is pleased to provide an update on exploration on the road-accessible
Pope's Hill and MRT, 100 per cent-owned, Rare Earth Element (REE)
properties along the Trans-Labrador Highway (TLH) in southern Labrador.
Pope's Hill - The trenching and sampling program along the MP trend, over an
approximate 2.5 km strike length, has been completed. The program was
designed to expose and sample favourable, REE anomalous syenites and
other units, which carry the high grade, up to 25 per cent Total Rare
Earth Element (TREE) segregations (news releases Aug. 31, Sept. 27 and Oct. 20/11). Fourteen (14) excavator trenches, from 100 to 500 m apart, were
evaluated to give grade/width information on the zones in preparation
for a drilling program in the winter of 2012. Radioactivity, thought to
represent thorium-bearing minerals associated with the REE
mineralization, was used to guide the trenching and sampling. Total
count values (cps) from background (<100 counts per second), to weakly
anomalous (200-400 cps), to > 5000 cps were located in trenches with
REE mineralization noted in a number of areas, both disseminated and as
massive segregations up to 30 cm wide, in two hand dug trenches, 5 and
11A. Trench 15, located approximately 200 m from the TLH, to the south
of the MP trend, gave anomalous (> 300 cps) to strong (> 2000 cps)
radioactivity in three zones over widths up to 25 m. Mineralization in
the trench 15 area is related to pegmatite veining carrying REE
minerals such as allanite, similar to the MRT REE mineralization
located 60 km to the east.
Washing, mapping and channel sampling has been completed, with all
samples submitted to the laboratory. A total of 12 trenches were
channel sampled, with approximately 290 samples taken over widths varying from 10 cm to 2 m. Trenches 9, 10, 13
and 14 were not sampled due to the low radioactivity noted and the
lateness of the season, with snow and ice conditions making continued
exploration very difficult. Results will be reported when received.
MRT - Trenching has tested two REE mineralized areas, approximately 75 m
apart, in the southern part of the property, where TREE values up to
6.9 per cent were located in bedrock during prospecting surveys (news release August 9/11). Weakly to moderately anomalous radioactive units up to 25 m wide were
exposed, consisting of felsic and mafic gneisses with values in the 250
to 500 cps range, cut by radioactive pegmatitic units, up to 1.5 m
wide, with values up to > 2000 cps, carrying REE mineralization, mainly
allanite and associated green pyroxenes. Channel sampling will be
completed in the next few days and all samples will be submitted to the
laboratory, with results reported when received.
Channel samples are transported to Activation Labs' preparation facility
in Goose Bay by SSE personnel, then shipped to its laboratory in
Ancaster, ON for analysis using its 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 thorium radiometric and magnetic data,
plus pictures of the area; as well as the showings and some of the
higher grade samples, including the trenching on the MP trend - PH
property, 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 TSX Venture Exchange nor does its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accept
responsibility for the adequacy or accuracy of this release. The
company seeks Safe Harbour.
SOURCE SILVER SPRUCE RESOURCES INC.
For further information:
| For further information contact: |
Gordon Barnhill, CFO & Director
Silver Spruce Resources Inc.
| For investor & media relations contact: |
Pilot Communications Inc.
Phone: 709.753.0794 ext 31