Monday, September 15, 2025

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

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Why Copper Juniors Could Explode After This Trade War Move | Christian Easterday – Hot Chili

In this interview, Christian Easterday, Managing Director of Hot Chili Limited (TSXV: HCH), discusses recent...

Saturday, July 12, 2025, 03:22:00 PM

A Fully Permitted Copper Project in the Heart of Michigan? | Highland Copper with Barry O’Shea

In this interview at the Red Cloud Fall Mining Showcase 2024, Barry O’Shea from Highland...

Monday, October 21, 2024, 03:10:00 PM

Foran Mining Raises $100 Million Via Investment From Fairfax Financial

Foran Mining Corp. (TSXV: FOM) announced this morning that it has entered an agreement with...

Tuesday, May 25, 2021, 08:08:00 AM

C3 Metals Inc: First Mover in Jamaica’s Copper-Gold Exploration

In this interview at the Precious Metals Summit 2024, Dan Symons, President and CEO of...

Friday, September 13, 2024, 04:38:00 PM

Max Resource Expands Size Of Conejo Copper Zone

Max Resource Corp (TSXV: MXR) this morning released further assay results from the Conejo copper-silver...

Tuesday, May 11, 2021, 08:50:50 AM