Wednesday, October 8, 2025

Latest

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

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Haywood Raises Nevada Copper Price Target After Debt Extension

On October 12th, Nevada Copper Corp. (TSX: NCU) announced that it has entered into an...

Saturday, October 16, 2021, 01:05:00 PM

Is the Canadian Government Blocking Zijin’s $130 Million Move on Solaris?

In a significant development for Solaris Resources Inc. (TSX: SLS), the Canadian government is reportedly...

Monday, February 5, 2024, 07:44:48 AM

Make Copper Great Again? Trump Admin Mulls Tariffs On Copper

The Trump administration is reportedly weighing tariffs on copper imports in a bid to reinvigorate...

Wednesday, February 26, 2025, 08:03:00 AM

Garibaldi Assays 0.56% Nickel, 0.61% Copper Over 151.6 Meters At Nickel Mountain

Garibaldi Resources (TSXV: GGI) this morning released its latest drill results from its 2020 exploration...

Friday, September 11, 2020, 08:24:56 AM

Max Resource Further Expands Cesar Copper-Silver Project To 2,500 Square Kilometres

Max Resource Corp (TSXV: MXR) this morning issued a brief press release, outlining that the...

Wednesday, February 17, 2021, 08:03:51 AM