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Silver Spruce Reports on Results for REE analysis at the Popes Hill Property and Results of Exploration on the Lobstick Property
Silver Spruce Reports on Results for REE analysis at the Popes Hill Property and Results of Explo...
About this update from Silver Spruce Resources Inc.
[{"type":"text","content":"\nSilver Spruce Reports on Results for REE analysis at the Popes Hill Property and Results of Exploration on the Lobstick Property\n\n\n Oct. 28, 2010 (TheNewswire.ca) -- Highlights:-Popes Hill - high grade values in TREEs plus Y with values to 24.07 % incl. 1.63 % HREE's-REE mineralization associated with shearing, thorium rich areas and magnetite bearing units-Area unexplored for REEs with strike potential of approximately 80 km-Acquisition of a total of 1297 claims (324 km2) to protect the on-strike extensions of the favourable unitsOctober 28, 2010 - Bridgewater, NS - Silver Spruce Resources Inc. (TSXV: SSE) is pleased to announce the results of first pass prospecting and geological mapping on the company's road accessible Pope's Hill (PH) rare earth element (REE) and the Lobstick (LS) uranium properties in Labrador. The PH property is 100% owned by Silver Spruce (News Release May 6, 2010), while the LS property is held under option.Popes Hill (PH)The original PH property consisted of 62 claims (1,550 ha) located in the Pope's Hill area, approximately 100 km from Goose Bay, along the paved portion of the Trans Labrador Highway (TLH), acquired by staking in May 2010. Uranium, thorium and REE mineralization was located by the President of Silver Spruce, Lloyd Hillier, in 2006 while prospecting for uranium. Values up to 7.9% total rare earth elements plus yttrium (TREE+Y) with HREEs up to 15% of the TREE and values up to 0.46% zirconium, and 0.22% niobium, were located, with three samples giving values > 1% including two (2) samples > 5% TREE+Y. The 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 to mafic gneisses of late Paleoproterozoic age, with some pegmatites noted. A linear monzonite body lies just to the north.Follow up prospecting and sampling using scintillometers to locate radioactive areas, especially Th rich zones, was completed by a four man SSE crew in mid September with a total of 39 rock samples sent for analysis. All of the samples collected gave anomalous REE and Th values with twenty two (22) giving values over 1% TREE+Y, including 16 > 5%, and 5 > 10% with a high value of 24% TREE+Y. Two of the highest values (> 10 %), were outcrop samples while the other three were from locally derived, a...