Business
Spruce Ridge Acquires Option on Deer Lake Basin Property
Spruce Ridge Acquires Option on Deer Lake Basin Property.
About this update from Homeland Nickel Inc
[{"type":"text","content":"\n\n\n\nNORFOLK COUNTY, ON, July 5 /CNW/ - Spruce Ridge Resources Ltd. (TSX-V:\nSHL) today announced that it has acquired an option to acquire a one hundred\npercent (100%) interest in 30 mining claims in the Deer Lake Basin,\nNewfoundland. This acquisition will increase the Company's land position to\n2,468 mining claims or 61,700 hectares.\n\n\nSpruce Ridge will issue 20,000 shares, 10,000 shares to be issued subject\nto regulatory approval and 10,000 shares during the first anniversary.\n\n\nAbout Spruce Ridge Resources Ltd.\n\n\nSpruce Ridge Resources is a mineral exploration company focused on the\nacquisition, exploration, and development of mineral resources, primarily\nuranium. The Company has two encouraging uranium properties in Western\nNewfoundland, Canada: (i) the Deer Lake uranium property in the Deer Lake\nBasin and (ii) the Turner's Ridge uranium, lead and gold property\napproximately 30 kilometres to the north. The Company also has two prospective\ngold properties in Northern Ontario, Spruce Hull Lake and Nora Lake.\n\n\nShould you wish to receive Company news via email, please email\n\n\[email protected] and specify "Spruce Ridge" in the subject line.\n\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\n\n\nor accuracy of this release.\n\n\n","length":1374,"tagName":"div"}]