Silver Spruce Starts Summer
Exploration Program - Popes Hill REEs
Highlights
- Prospecting on original PH
property locates new area of radioactivity over 700 m strike length
- Airborne radiometric / magnetic / VLF-EM Survey on Popes Hill Trend
began June 24
- Ground radiometric (spectrometer) survey on original PH property
underway
June
28, 2011 - Bridgewater, NS - Silver Spruce Resources Inc. (TSXV: SSE ) is pleased to
announce that the 2011 summer field season on the Pope's Hill, Popes Hill JV
and MRT, rare earth element (REE) properties has begun with a seven person
field crew working out of a field camp on the Trans Labrador Highway,
approximately 50 km from Happy Valley-Goose Bay. Regional and detailed
prospecting, geological mapping, stream sediment sampling, detailed ground
radiometric surveys on the original Popes Hill property and line cutting and
detailed prospecting on the MRT property is planned. A geochemical survey
has evaluated the efficacy of heavy mineral concentrate (HMC) and regular
stream sediments along the Popes Hill trend.
Prospecting on the original PH property has resulted
in the location of moderate to strong radioactivity with total count values of
up to 3500 cps (background < 100 cps) associated with rock samples carrying
massive vein type mineralization of mixed grey to black and red unknown
minerals, similar to samples from the September 2010 prospecting survey which
averaged 5.73% total rare earth elements plus yttrium (TREEs), with a high
value of 24 % (News release dated Oct. 28, 2010), in 31 samples taken over a 7
km strike length. The area lies to the northeast of the MP showing pit
and can be traced intermittently over a 700 m strike length, remaining open
along strike to the east and west. Samples are mostly angular float,
and/or subcrop, possibly indicative of a nearby source. Diamond drilling
in January (News release March 3, 2011) was not successful in intersecting the
high grade veins noted in float and outcrop in the vicinity of the MP pit
indicating that the high grade zones may be occurring as pods of
mineralization, possibly related to cross cutting, structural features.
Samples with moderate to strong radioactivity with
total count values up to 3000 cps (background < 100 cps) have also
been acquired from the MRT property, located approximately 65 km to the east
along the PH trend from the original Popes Hill property. Values up to
8.95% TREE's and 0.9% U3O8 were located on the property in 2010 and early 2011
(see news release dated Feb. 17, 2011) during prospecting and due diligence
sampling respectively.
Forty eight rock samples have been sent for analysis
to date with others taken but not yet gone to the laboratory. Results
will be released as received.
The airborne radiometric, magnetic and VLF-EM survey
on the Popes Hill trend including the Pope's Hill, MRT and Pope's Hill JV, a
joint venture with the Great West Minerals Group, began on June 24. The
survey, being flown at 100 m line intervals, consists of approximately 9,500 line
kilometers. Contractor is Tundra Airborne Surveys of Niagara Falls
ON. The survey is expected to take approximately 3 weeks.
Preliminary results will be available as the survey progresses to allow early
follow up with the final survey results expected in 2 to 3 months.
Follow up of anomalies or showings located in the
detailed and regional work and the airborne surveys will be carried out once
the regional work is completed, in late summer and the early fall, to allow
trenching and drilling of targets located in the late fall and early winter.
The Company also announces that the Popes Hill JV, a
50/50 joint venture with Great West Minerals Group (GWMG) has acquired another
247 claims covering a prospective linear monzonite body, with associated REE lake
sediment anomalies, located to the north of the original JV claims to the east
of the original Popes Hill Property. This brings the total claims in the
JV to 759 (190 km2).
Rock samples are transported to the Activation Labs
preparation facility in Goose Bay, then shipped to their laboratory in
Ancaster, ON. for analysis using their REE 8 package. Uranium analyses
are carried out using an ICP technique, with higher values re-run using a DNC
technique. The
laboratory uses internal standards to check their analyses and blanks are
included in each sample batch.
Plan maps of
the properties, plus pictures showing the area, the showings and some of the
higher grade samples are shown on the Silver Spruce website at
silverspruceresources.com.
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
Silver
Spruce is a junior exploration company originally focused on uranium in the
Central Mineral Belt (CMB) and elsewhere in Labrador, Canada. With
interests in more than 4,000 claims totaling more than 1,000 square kilometers
in Labrador, Silver Spruce is one of the largest landholders in one of the
world's premier emerging uranium and REE districts. The company has rare
earth element (REE) properties in Labrador - Pope's Hill, Pope's Hill JV (with
Great West Minerals Group), MRT, RWM and the Straits and gold/silver projects
(Big Easy, Rambler S.) on the island of Newfoundland.