Silver
Spruce Reports on Diamond Drilling and Geophysical Surveys
Pope's
Hill REE Project - Trans Labrador Highway, Labrador
Highlights
- Results
indicate anomalous REE+Y values over significant widths with narrow high
grade sections
- No high grade, vein type,
material, as located in float and bedrock in the fall of 2010, was
intersected
- Geophysical compilation
shows probable fault systems, parallel to the drilling direction,
crosscutting the mineralized trend
March 29, 2011 - Bridgewater,
NS - Silver Spruce Resources Inc. (TSXV: SSE) is
pleased to announce final results from the first phase diamond drill
program in the MP showing area at the Pope's Hill (PH) REE property.
A total of 1120 m in 10 drill holes (PH-11- 1 to 10) tested the MP
showing in the bedrock pit and another close by target on the Trans
Labrador Highway (TLH), approximately 100 km from Goose Bay (see news
release March 3, 2011). The first phase drilling was designed to
test REE+Y mineralized bedrock and float samples from the pit, that were
found in the fall of 2010, VLF-EM anomalies thought to represent shear
systems, and magnetic anomalies which could reflect the variably magnetic
REE+Y mineralization. The drilling tested an approximate 700
m long zone of the known 7 km mineralized trend which lies within the 100
km strike length of the full Popes Hill REE/U Trend.
Drill Results
All results have now been
received. All drill holes received some sampling however it was not
necessarily continuous and was guided by radioactivity (Th content), visual identification of prospective
zones and magnetically anomalous areas. Results indicate
anomalous REE+Y values over significant widths, with narrow high grade
intersections in most holes (see attached table for a summary of
results). It is significant that none of the high grade,
vein type, material located in float and bedrock in the pit and along the
highway which gave an average of 5.73 % TREE+Y, from the 31 samples taken
over a 7 km strike length (see news release Oct. 28, 2010) was noted in
the drilling. The orientation of these veins remains
unknown. Eight of the holes (PH-11-1 to 6, 8,9)
were drilled across the geological trend in the MP showing in the pit
area. DDH PH-11-7 tested a bedrock showing and magnetic anomaly
approximately 400 m to the west of the MP showing and DDH PH-11-10 was
drilled down dip at the eastern end of the MP showing pit to test the
potential for the higher grade veins possibly crosscutting the lithology.
As noted none of the high grade veins were intersected in
the drilling.
Geophysics
The final results for
approximately 70 line km of magnetic and VLF-EM surveys and subsequent
compilation and interpretation, on the original PH property, carried out
by Abitibi Geophysics in December 2010 have also been received.
The results show lithological/alteration trends in a 070 degree
direction through the surveyed area. Abitibi (Berube,
2011) indicates "The MAG/VLF-EM survey over the Popes Hill
property has identified a total of 7 magnetic lows, 12 combined VLF-EM
conductors/ magnetic highs and 5 stand alone
VLF-EM conductors .
These VLF-EM and magnetic signatures suggest the presence of
faults and shear zones that maybe available to REE mineralization" In
addition, interpretation of the magnetic results by Abitibi (Berube, 2011) indicates three obvious crosscutting,
probable fault or shear structures, trending at approximately 150/330
degrees, one of which passes through the area of the MP pit where most of
the significant REE+Y bearing mineralization was found.
Given these results it is possible that the REE+Y mineralized veins
in the area may be related to these crosscutting structures and therefore
would not have been tested by the diamond drilling. Snow conditions
made it impossible to map the pit prior to the start of the drilling to
define the orientation of the veins and no follow up has been carried out
to evaluate any of the other geophysical targets or crosscutting
structures on the original property.
The diamond drilling has
defined an area of anomalous REE+Y mineralization hosted in the gneissic
units in the Popes Hill area. Wide zones, up to 140 m of
> 0.1 % REE+Y mineralization has been noted with at least 4 holes
giving widths in the 50 m range. Narrow (0.1-0.3 m) zones of
higher grade REE+Y values in the 1 to 6 % range are also found throughout
most of the drill holes. In addition strong Zr
values generally > 1,000 ppm (0.1 %) were noted over wide intervals
associated with the REE mineralization. The vein type, high grade,
REE+Y mineralization sampled in the prospecting survey in the fall
of 2010 was not intersected in this drilling although it is noted in the
MP showing on surface and in samples derived from the pit, scattered
along the TLH. The geophysical interpretation indicates that cross
cutting faults/shears are noted, with one of these cutting the geological
units in the MP showing area. It is possible that the high grade
mineralization located in the pit and in other locations over the 7 km
strike of the original PH trend is trending at 330 degrees essentially
parallel to the drilling direction. It is possible that the vein
mineralization could have been remobilized from the surrounding anomalous
REE bearing units and then concentrated along the crosscutting shears /
faults. This possibility will be tested by exploration
planned for the spring / summer of 2011.
Planned work
Regional exploration including
airborne radiometrics, magnetics and VLF-EM
will evaluate the PH belt for REEs and U in the summer of 2011.
Detailed exploration including gridding, prospecting, geological
mapping, geochemistry and ground geophysics will begin on the original PH
group and the MRT property as soon as snow conditions permit most likely
in May.
The Pope's Hill REE/U trend,
where SSE has interests in over 2,200 claims, 1,700 of which are 100%
owned, extends over a 100 km strike length, and covers government La/Ce lake sediments which indicate an anomalous REE
trend and where no REE/U exploration has been carried out. Uranium
potential is also shown, at least in the eastern portion of the belt,
where the recently optioned MRT property gave U values up to 0.8 % (News
Release Feb. 17/11).
Drill core was cut in half
using a diamond core saw, with one half sent for analysis and the other
half retained. Samples were submitted to the Activation Prep
laboratory in Goose Bay where they are prepped and then sent to their
laboratory in Ancaster, ON for analysis using a
Code 8 REE package which uses a lithium borate fusion and then analysis
by either ICP or ICP-MS. Values were checked by Actlabs using internal standards.
A
diamond drill plan map, a summary of the drill holes, the geophysical
compilation map and other information on the Pope's Hill REE Project and
our other REE projects can be found on the Silver Spruce website at:
www.silverspruceresources.com.
POPES HILL PROPERTY
Significant REE+Y values - 2011 DDH
|
DDH NO.
|
FROM
|
TO
|
TOTAL (m)
|
TREE+Y %
|
PH-11-01
|
56.6
|
67.6
|
11.0
|
0.26
|
incl.
|
62.2
|
62.3
|
0.1
|
2.94
|
incl.
|
66
|
66.1
|
0.1
|
4.79
|
and
|
90.6
|
103.4
|
12.8
|
0.20
|
incl.
|
92.1
|
93.6
|
1.5
|
0.76
|
PH-11-02
|
24
|
35.8
|
11.8
|
0.2
|
incl.
|
24
|
24.2
|
0.2
|
1.39
|
incl.
|
30.6
|
32.6
|
2
|
0.43
|
and
|
103
|
113.2
|
10.2
|
0.16
|
incl.
|
104.1
|
104.2
|
0.1
|
3.57
|
incl.
|
109.4
|
109.5
|
0.1
|
2.44
|
and
|
125
|
131
|
6
|
0.15
|
PH-11-03
|
2.4
|
59.5
|
57.1
|
0.15
|
incl.
|
2.4
|
16.3
|
13.9
|
0.22
|
incl.
|
7
|
36.5
|
29.5
|
0.2
|
incl.
|
12.5
|
13.5
|
1
|
0.99
|
incl.
|
15.9
|
16.3
|
0.4
|
1.69
|
incl.
|
15.9
|
22
|
6.1
|
0.39
|
incl.
|
21.8
|
22
|
0.2
|
2.72
|
PH-11-04
|
22
|
29.3
|
7.3
|
0.24
|
incl.
|
25.6
|
29.3
|
3.7
|
0.36
|
incl.
|
25.6
|
25.7
|
0.1
|
3.74
|
and
|
65.8
|
68.4
|
2.6
|
0.74
|
incl.
|
66.5
|
68.4
|
1.9
|
0.98
|
incl.
|
66.5
|
67
|
0.5
|
2.6
|
incl.
|
66.7
|
66.8
|
0.1
|
10.56
|
and
|
53.8
|
65.8
|
12
|
0.18
|
PH-11-05
|
8.3
|
55.7
|
47.4
|
0.16
|
incl.
|
8.3
|
8.5
|
0.2
|
5.26
|
incl.
|
16.1
|
16.2
|
0.1
|
1.41
|
incl.
|
46.5
|
46.6
|
0.1
|
3.64
|
incl.
|
52.5
|
52.6
|
0.1
|
6.96
|
PH-11-06
|
39
|
53.8
|
14.8
|
0.14
|
incl.
|
42.9
|
43
|
0.1
|
2.34
|
PH-11-07
|
7.5
|
7.7
|
0.2
|
0.56
|
PH-11-08
|
5.0
|
145.0
|
140.0
|
0.11
|
incl.
|
5.0
|
60.0
|
55.0
|
0.15
|
incl.
|
46.5
|
46.7
|
0.2
|
1.22
|
and
|
47.9
|
48.2
|
0.3
|
1.16
|
PH-11-09
|
6.0
|
58.0
|
52.0
|
0.11
|
incl.
|
7.4
|
7.6
|
0.2
|
4.36
|
and
|
48.3
|
50.7
|
2.4
|
0.41
|
PH-11-10
|
39.6
|
43.2
|
3.6
|
0.11
|
and
|
49.5
|
53.0
|
3.5
|
0.21
|
and
|
59.8
|
77.1
|
17.3
|
0.17
|
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 rare earth element (REE) districts. The
company also has REE properties in Labrador - Pope's Hill, RWM and the
Straits and gold/silver projects on the island of Newfoundland.
This release has been approved by Peter Dimmell,
P.Geo., Vice President of Exploration, Silver Spruce
Resources Inc., who is a Qualified Person (QP) as defined in National
Instrument 43-101.
For Further
Information, Contact:
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
The
Corporation seeks Safe Harbour.
|