BRIDGEWATER, NOVA SCOTIA -- (Marketwire) -- 01/03/13 -- Silver Spruce Resources Inc. (TSX VENTURE: SSE) -
Highlights
-- Sinuous magnetic low, possibly tracing the alteration zone, joins the Big Easy and ET zones, 3.5 km apart
Silver Spruce Resources Inc. (TSX VENTURE: SSE) is pleased to report on the final results of the high resolution, magnetic / VLF-EM survey and check sample results for diamond drilling [...]
BRIDGEWATER, NOVA SCOTIA -- (Marketwire) -- 12/11/12 -- Silver Spruce Resources Inc. (TSX VENTURE: SSE)
Highlights
-- ET mineralized zone extended north and south to approximately 400 m strike length - remains open -- ET Zone located 3.5 km along strike, to the south of Big Easy -- Altered/sheared/mineralized felsic volcanic units located to the east of the BE-ET trend
Silver Spruce is extending the closing date of the proposed, non-brokered, flow-through and non flow-through private placement of up to a combined 20,000,000 units for gross proceeds of $1,000,000. The closing date of the private placement is now scheduled for December 28, 2012. "The reason for the extension is the unprecedented selling pressure generated by one of our major shareholders since the announcement of the [...]
BRIDGEWATER, NOVA SCOTIA -- (Marketwire) -- 11/15/12 -- Silver Spruce Resources Inc. (TSX VENTURE: SSE)(FRANKFURT: S6Q) comments on recent record trading levels, the company's current share price in light of the proposed private placement and its strategy going forward.
Record Trading Levels - In the period immediately following its October 22, 2012 news release announcing that the company would raise up to $1M through [...]
Silver Spruce is pleased to announce that it is arranging a non-brokered flow-through and non flow-through private placement of up to a combined 20,000,000 units for gross proceeds of $1,000,000. The closing date of the private placement is scheduled for November 30, 2012. Each flow-through unit (collectively, "Super FT Units") of Silver Spruce will meet the criteria under the Mineral Exploration Tax Credit as "Super [...]
Silver Spruce is pleased to announce that the high resolution magnetic / VLF-EM airborne survey has been completed and preliminary results received on the road-accessible, Big Easy gold/silver property in eastern Newfoundland. The Big Easy prospect is a large, altered system that covers an area of approximately 1.7 kilometres by up to 300 metres wide. The prospect was drilled in 2011 and 2012 - a total of 12 holes over a [...]
Silver Spruce is pleased to update exploration and research activities on the road-accessible, Big Easy gold/silver prospect in eastern Newfoundland. The prospect is associated with a large, altered (silicified) system that covers an area of approximately 1.7 kilometres by up to 300 metres wide. The prospect was drilled in 2011 and 2012, yielding significant gold (Au) and silver (Ag) values in several holes (news releases [...]
Silver Spruce is pleased to update shareholders on results recently released by Crosshair Energy on the former Central Mineral Belt JV properties on which Silver Spruce holds a 2% Net Smelter Return. Crosshair reported on August 22 that drilling on the Two Time deposit, on the CMB Northwest property, intersected mineralization at the expected depth over a significant interval (see results below), indicating the deposit is [...]
Silver Spruce is pleased to announce the results of its second phase diamond drilling program on the road-accessible, Big Easy gold/silver prospect in eastern Newfoundland. The 2012 drilling was designed to test the area of the wide gold /silver intersection in DDH BE-11-3 and to test a structural interpretation of mineralized veins noted in the seven hole (1,577 metres) 2011 drill program. The gold/silver mineralization [...]
Silver Spruce is pleased to announce that it has purchased the Anomaly 7 (A7) uranium property in the Central Mineral Belt (CMB) of Labrador from Virginia Energy Resources. The 446 claim (111.5 km2) property consists of two mineral claim licences in the western part of the Central Mineral Belt in Labrador. The company is acquiring a 100% interest, subject to a 2% Net Smelter Return (NSR) with a 1% buyback for $500,000 to [...]
BRIDGEWATER, NOVA SCOTIA -- (Marketwire) -- 07/17/12 -- Silver Spruce Resources Inc. (TSX VENTURE: SSE)
Highlights
-- Banded quartz-adularia/ chalcedony veins, typical of epithermal hot spring systems, up to 1 m wide were noted -- 821 core samples of alteration / veining, totalling 859.8m, were taken; results are pending -- 1,080 m in 5 holes tested the extensive altered/ mineralized zone over a 200 m [...]