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Silver Spruce Reports on REE / U Properties in Labrador
Silver Spruce Reports on REE / U Properties in Labrador
About this update from Silver Spruce Resources Inc.
[{"type":"text","content":"\nSilver Spruce Reports on REE / U Properties in Labrador\n\n\n Sep. 30, 2010 (TheNewswire.ca) -- -anomalous values in REEs from both Pope's Hill and RWM properties from due diligence sampling by RA- airborne radiometric / magnetic survey on RWM by RA shows strong radioactive zones- thirty nine rock samples taken by SSE on Pope's Hill property - results pending- follow up exploration started on Lobstick U propertySeptember 30, 2010 - Bridgewater, NS - Silver Spruce Resources Inc. (TSXV: SSE) is pleased to announce the results of due diligence exploration carried out by Rare Earth Minerals (TSXV:RA) on the company's Pope's Hill (PH) and RWM rare earth element (REE) properties in Labrador and the start of follow up exploration by SSE personnel on the Pope's Hill and Lobstick properties. The company signed a confidentiality agreement (CA) with RA for due diligence and possible option on the PH and RWM properties in June (News Release June 22, 2010). The RWM property covers the second highest heavy rare earth element (HREE) lake sediment value in Labrador on record. The properties are 100% owned by Silver Spruce (News Release May 6, 2010).Pope's Hill (PH)The property consists of 62 claims (1,550 ha) located in the Pope's Hill area along the Trans Labrador Highway (TLH). Rock samples taken in 2006 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 (News Release May 6, 2010). The rock units are granitic gneisses of late Paleoproterozoic age, with some pegmatites.RA visited in July, checking road cuts and quarry sites as they drove through the property, and taking three grab samples of sheared gneiss (1) and magnetic pegmatite (2) for analysis with two samples taken in the eastern extremity of the claims. The samples were not taken in the areas where the anomalous samples reported earlier were taken in 2006 (New release May 6, 2010). Weak anomalous REE values in some elements were found in all three samples in the following elements: La > 100, high value of 124 ppm; Ce > 170, high value of 201 ppm; in addition other anomalous values in Th > 170, high value of 399 pp...