Spruce Ridge Hits 27.2 Metres Of 8.02% Copper At Great Burnt

Spruce Ridge Resources (TSXV: SHL) this morning announced that it has completed a 3,100 metre drill program consisting of 22 drill holes in total. The program was conducted at the firms flagship Great Burnt copper deposit in central Newfoundland, with highlights from the program being 27.2 metres of 8.02% copper.

Assays from just a single hole were reported this morning as a result of delays from the lab. The hole, GB20-05, was conducted on a priority basis due to certain zones showing high grades of copper mineralization. In addition to the highlighted figure above, the intersection included 7.75 metres of 16.88% copper, and 2.0 metres of 21.25% copper.

From (m)To (m)Core LengthCu (%)Zn (%)Au (g/t)
161.9189.127.2 m8.02% Cu0.32% Zn0.07 g/t Au
171.85179.607.75 m16.88% Cu0.74% Zn0.12 g/t Au
174.85176.852.00 m21.25% Cu0.91% Zn0.19 g/t Au

“This remarkable drill hole confirms how variable are the grade and thickness of the Great Burnt Main Zone. It also reaffirms our suspicion that the 1960s-vintage historical drill holes on the deposit may have understated the grade because they were drilled with standard drilling and EX core, and drill logs indicate poor core recovery in the mineralized zone. When all the assays are in from the 2020 program, we plan to revise the Mineral Resource estimate for the Great Burnt Main Zone, and prepare a Preliminary Economic Analysis (PEA) so we can move towards pre-production development.”

John Ryan, CEO of Spruce Ridge Resources

Spruce Ridge Resources last traded at $0.105 on the TSX Venture.


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.

Video Articles

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Steadright To Conduct Multi-Phased Exploration At Historic Goundafa Polymetallic Mine

Goliath Resources Drills 10.72 g/t Gold Over 7.83 Metres At Surebet

Related News

Max Resource Discovers New Zone At Cesar Copper-Silver Project

Max Resource Corp (TSXV: MXR) this morning announced that it has discovered yet another copper...

Thursday, April 8, 2021, 07:08:30 AM

K2 Gold Discovers High-Grade Copper Zone At Mojave

K2 Gold Corporation (TSXV: KTO) reported today its discovery of a significant zone of copper...

Thursday, May 20, 2021, 08:53:55 AM

Max Resource Assays 3.0% Copper, 29 G/T Silver Over 250 Metres Via Grab Sample

Max Resource Corp (TSXV: MXR) released further results from its Cesar Copper-Silver property, located in...

Wednesday, October 28, 2020, 07:54:45 AM

Surge Copper Hits 830 Metres Of 0.38% Copper Equivalent

Surge Copper Corp (TSXV: SURG) this morning released some impressive assay results from its wholly...

Monday, May 10, 2021, 07:38:06 AM

Pegasus Resources Assays 35.5% Copper, 360 G/T Silver In Samples At Vertebrae Ridge

Pegasus Resources (TSXV: PEGA) this morning released the results of its fall 2020 prospecting program...

Thursday, January 21, 2021, 09:13:00 AM