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Spruce Ridge Begins Drilling Program on the Kramer/Viking Gold Property in Newfoundland
(via Thenewswire.ca) Norfolk County , Ontario - October 30, 2013 - Spruce Ridge Resource...
About this update from Homeland Nickel Inc
[{"type":"text","content":"Spruce Ridge Begins Drilling Program on the Kramer/Viking Gold Property in Newfoundland(via Thenewswire.ca)\n\n \nNorfolk County , Ontario - October 30, 2013 - Spruce Ridge Resources Ltd (TSXV: SHL) (\"Spruce Ridge\") announces that it has begun drilling targets at the Kramer/Viking gold property in Western Newfoundland. A minimum 1,500 meter diamond drill (approximately 8 holes) program will test the northeast extension of the Kramer zone where sampling in 2012 located additional gold bearing outcrops. A total of 165 grab samples of quartz veining and associated sulphide mineralization were collected; assays of these grab samples gave up to a maximum of 85.36 grams of gold per tonne. Of the 165 grab samples collected for assay, 140 were taken along a 1,000 metre long swath extending northeast from the area of the Kramer and Whisky Jack gold zones which were discovered in 2010 and tested with 14 preliminary diamond drill holes. Forty-four samples gave assays between 0.10 and 0.50 g/t Au, 20 samples gave between 0.50 and 1.00 g/t Au, 16 gave between 1.00 and 10.00 g/t Au, 4 gave from 10.00 to 20.00 g/t Au and five gave assays over 20 g/t Au. This broad swath includes what appear to be four or five new, discrete mineralized trends oriented north to south, northeast to southwest and east-northeast to west-southwest. These trends are similar in orientation to the mineralized trends defined on the Viking property immediately to the west.\n\n \n \nThe Kramer/Viking Project is host to significant intrusion hosted gold mineralization including NI 43-101 compliant resources at Viking of 98,000 ounces gold indicated (0.95 g/t gold average grade) and 45,000 ounces gold inferred (0.66 g/t gold average grade) and features multiple high grade intercepts including 4.8 meters grading 41.4 g/t gold. The deposit is open for expansion and additional untested targets remain on the property. The adjoining Kramer Property hosts similar and possibly linked mineralization highlighted by drill intercepts of 20.05 meters grading 1.12 g/t gold including 3.25 meters grading 5.42 g/t gold. Locally strong grades including 45.16 g/t gold over a 1.0 meter channel suggest that potentially significant, higher grade shoots, similar to the adjacent Viking Property, also exist on the Kramer Property. The mineralization at Kramer has been intermittently exposed and ...