Kicking the week off on the Daily Dive is that of John Ryan, CEO of Spruce Ridge Resources (TSXV: SHL). John rejoins host on Cassandra Leah to discuss the latest assay results released by the company, the strategy employed for drilling, and what shareholders can expect going forward.
Spruce Ridge currently holds a 100% interest in the Great Burnt Copper-Gold Property in Central Newfoundland which covers a series of copper and gold rich VMS deposits.
They notably sold the Crawford Nickel-VMS Project for shares, which is now owned and controlled by Canada Nickel Corporation. Today Spruce Ridge finds themselves with 8.1 million shares of Canada Nickel – a stock trading at around $2.20 at the time of this recording – along with 10 million shares of Noble Mineral Exploration.
| Hole No. | From (m) | To (m) | Length (m) | Cu (%) | Zn (%) | Au (g/t) |
| GB20-20 | 64.20 | 86.95 | 22.75 | 6.89% | 0.79% | 0.05 g/t |
| includes | 73.40 | 85.95 | 12.55 | 10.59% | 1.27% | 0.07 g/t |
| includes | 84.45 | 85.85 | 1.50 | 18.15% | 1.98% | 0.04 g/t |
| GB20-05 | 161.9 | 189.1 | 27.2 | 8.02% | 0.32% | 0.07 g/t |
| includes | 171.85 | 179.60 | 7.75 | 16.88% | 0.74% | 0.12 g/t |
| includes | 174.85 | 176.85 | 2.00 | 21.25% | 0.91% | 0.19 g/t |
Catch the full interview below.
FULL DISCLOSURE: Spruce Ridge Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Spruce Ridge Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
