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Spruce Ridge Announces a Significant Nickel, Cobalt, Palladium and Platinum Discovery Near Timmins
Discover Hole (18-01) Intersected 291m assaying 0.293% Ni, 118 ppm Co, .02 g/t Pd and .011...
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[{"type":"text","content":"Spruce Ridge Announces a Significant Nickel, Cobalt, Palladium and Platinum Discovery Near Timmins Discover Hole (18-01) Intersected 291m assaying 0.293% Ni, 118 ppm Co, .02 g/t Pd and .011 g/t Pt Drill Holes 03 and 04 Ended in Mineralization with Increasing GradePUSLINCH, ON / ACCESSWIRE / March 1, 2019 / Spruce Ridge Resources Ltd. (TSX-V SHL) - (\"Spruce Ridge\" or the \"Company\") is pleased to announce the results of its 2018 winter drill program on the Crawford nickel project near Timmins, Ontario. Four holes totalling 1,818 metres were drilled on the Crawford Ultramafic Complex. Three of the holes intersected serpentinized dunite with persistent nickel values greater than 0.25% Ni over core lengths of up to 291 metres. Using a lower threshold of 0.20% Ni, long intervals are present in all four holes, with a maximum core length of 558 metres. Individual samples of 1.5 metre core intervals reported up to 0.669% Ni. Potentially significant assays of cobalt, platinum and palladium were also reported. The following table summarizes the results averaged over their respective intervals.CRAWFORD NICKEL PROJECT - 2018 DIAMOND DRILLING RESULTSDDH IDHoledipHoleazimuthFrom(m)To(m)CoreLengthNi(%)Co(ppm)Pt(g/t)Pd(g/t)Au(g/t)SUMMARY OF INTERVALS PASSING 0.25% Ni CUTOFFCR18-01-60°035°234.00525.00291.000.2931180.0110.0200.002includes-60°035°238.50393.00154.500.3201200.0120.0290.001includes-60°035°238.50283.5045.000.3841440.0190.0610.001CR18-03-50°035°475.50606.00 eoh130.500.2991400.0280.0550.006includes-50°035°492.00547.5055.500.3241390.0280.0960.005includes-50°035°492.00516.0024.000.3331400.0600.2010.011CR18-04-50°035°205.50402.00 eoh196.500.3321350.0100.0270.002includes-50°035°208.50285.0076.500.3581560.0170.0410.001includes-50°035°208.50220.5012.000.5322200.0300.0700.001SUMMARY OF INTERVALS PASSING 0.20% Ni CUTOFFCR18-01-60°035°36.00 eoc594.00 eoh558.000.2611270.0100.0160.002CR18-02-50°035°24.00 eoc175.50151.500.2241260.0050.0050.001CR18-02-50°035°175.50216.00 eoh40.50Dunite less than 0.20% NiCR18-03-50°035°51.00 eoc288.00237.00Mafic volcanic and marginal zoneCR18-03-50°035°288.00606.00 eoh318.000.2481260.0190.0280.003CR18-04-50°035°42.00 eoc72.4030.40Mafic volcanicCR18-04-50°035...