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SILVER SPRUCE REPORTS RESULTS OF CHANNEL SAMPLING BRASS BUCKLE and KRISSY ZONES; RAMBLER SOUTH PROPERTY, NL
SILVER SPRUCE REPORTS RESULTS OF CHANNEL SAMPLING BRASS BUCKLE and KRISSY ZONES; RAMBLER SOUTH PR...
About this update from Silver Spruce Resources Inc.
[{"type":"text","content":"\nSILVER SPRUCE REPORTS RESULTS OF CHANNEL SAMPLING BRASS BUCKLE and KRISSY ZONES; RAMBLER SOUTH PROPERTY, NL\n\n\n Nov. 4, 2010 (TheNewswire.ca) -- Highlights- Brass Buckle channel samples w/ gold and tellurium values up to 248.9 g/T Au and 94 g/T Te- Brass Buckle vein grab samples with values of 573 and 84.3 g/T Au with 60 g/T Te in one sample- Krissy composite selected grab samples with values to 65.8 g/T AuNovember 4, 2010 - Bridgewater, NS - Silver Spruce Resources Inc. (TSXV: SSE) reports that it has received the results for: three short channel samples and two selected grab samples taken on the Brass Buckle showing; and 6 composite grab samples and 5 check samples from the recent trenching and channel sampling on the Krissy zone, on the road accessible, Rambler South gold property in north-eastern Newfoundland.The property totals 101 claims (2,250 ha) and was optioned from Northeast Exploration Services, Krinor Resources Inc. and Peter Dimmell (PMD). Terms to earn a 100% interest, subject to a 2.5% NSR with a 1.0% buyback for $1.5 M, are: total payments of $95,000, issuance of 1.05M shares and a work commitment of $500,000 by the end of the second year. In addition, a yearly advance royalty payment, deducted from future NSR payments, of $10,000 per year, is payable from the 4th anniversary on.Brass Buckle: Two selected grab samples and three channel samples were taken by SSE personnel over an approximate 10 m strike length, from the surface exposure of the Brass Buckle quartz-pyrite vein, a short strike length vein localized along the contact between a quartz porphyry unit and mafic volcanics of the Pacquet Harbour Group. The channel cuts, taken at 5 m intervals, using a Quikcut diamond saw, varied from 0.5 to 0.7 m long. Samples were analyzed for gold (Au), tellurium (Te) which is used in solar panels, cameras and to make metals more machinable, and 30 other elements. The two grab samples taken approximately 5 m apart assayed 573.3 g/T Au, 60 g/T Te and 23.6 g/T Ag and 84.3 g/T Au, ND for Te and 73.2 g/T Ag. The three channel samples gave values of 25.3, 248.9 and 189.1 g/T Au, 94, 45 and 17 g/T Te and 31.7, 15 and 2.1 g/T Ag respectively. Bismuth (Bi) was elevated with values from Krissy: Six selected composite grab samples were taken from the trenches on the Krissy trend (T1 A,B; T1C;T3C;T4C;T5C). They were all recryst...