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Silver Spruce Reports Acquisition of Claims with REE potential in Labrador
Silver Spruce Reports Acquisition of Claims with REE potential in Labrador
About this update from Silver Spruce Resources Inc.
[{"type":"text","content":"\nSilver Spruce Reports Acquisition of Claims with REE potential in Labrador\n\n\n May 6, 2010 (TheNewswire.ca) -- Highlights- rock sample values to 7.9% total rare earth elements plus yttrium, located on the Trans Labrador Highway- 2nd highest heavy rare earth element lake sediment on record in Labrador acquired, located 30 km from roadMay 6, 2010 - Bridgewater, NS - Silver Spruce Resources Inc. (TSXV: SSE) is pleased to announce that the company has acquired, by staking, two grass roots properties with rare earth element (REE) potential in Labrador. The Pope's Hill property lies on the Trans Labrador Highway (TLH), approximately 100 km to the west of Happy Valley - Goose Bay, while the RWM, which covers the second highest heavy rare earth element (HREE) lake sediment value in Labrador on record, is located in the Red Wine Mountains, approximately 30 km from a road around the Churchill Reservoir. The properties are 100% owned by Silver Spruce.Pope's HillThe property consists of 62 claims (1,550 ha) located in the Pope's Hill area along the TLH. The area was located during prospecting along the TLH using a scintillometer by the President of Silver Spruce, Lloyd Hillier, in 2006, while exploring for uranium.Nineteen grab samples, which were analyzed for uranium, thorium and rare earth elements gave strongly elevated total rare earth element (TREE) plus yttrium values in three samples. All samples were located using a total count scintillometer which detects uranium, thorium and potassium as counts per second (cps), and were specifically targeted for uranium with samples taken where the highest scintillometer values were encountered. The samples gave values up to 0.46% zirconium, 0.22% niobium, and 7.9% (TREE + yttrium) with HREEs up to 15% of the total rare-earth component. Three samples gave values > 1% (TREE + yttrium), including two (2) samples > 5%. Samples anomalous in REEs also showed elevated thorium values with the highest thorium and REE values coincident. Five samples gave uranium values > 10 ppm with the three highest at 151, 94 and 69 ppm U. Some coincidence or rare earth elements with the higher U values is noted.The samples were taken in June by Lloyd Hillier (P01 to 07) and July, 2006 by Lloyd Hillier and Peter Dimmell (PO-5 to 16) from road cuts along the TLH and in a quarry used for road material for the TLH (see...