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Spruce Ridge Resources Announces Discovery of New Zone of Uranium Mineralization
Spruce Ridge Resources Announces Discovery of New Zone of Uranium Mineralization.
About this update from Homeland Nickel Inc
[{"type":"text","content":"\n\n\n\nTORONTO, Jan. 9 /CNW/ - Spruce Ridge Resources Ltd. (TSX-V: SHL)\nannounces a new discovery of uranium mineralization on its Turner's Ridge\nproperty in north western Newfoundland about 60 kilometres northeast of its\npreviously announced uranium discovery. The Determination Zone has been found\nin outcrop over an area of 110 metres by 22 metres. The average assay result\nof eleven grab samples is 0.156% U(3)O(8) or 3.12 pounds per ton.\n\n\nThe Determination Zone was found by prospectors from ASK Prospecting and\nGuiding Inc. during follow-up of radiometric anomalies located by an airborne\nmagnetic/EM/gamma-ray spectrometer survey flown in the summer of 2006. It is\nexposed on the side of a ridge within sight of a main highway. The eleven\nsamples taken returned assay results from 0.043% to 0.274% U(3)O(8), with an\naverage of 0.156% U(3)O(8) or 3.12 pounds per ton. Anomalous gold and nickel\nvalues are associated with the mineralization.\n\n\n-------------------------------------------------------------------------\n UTM UTM U3O8 U3O8 Gold Nickel\nTag No. Northing Easting % pounds/ton ppb ppm\n-------------------------------------------------------------------------\n176301 5497678 499172 0.265% 5.30 24 less than 50\n-------------------------------------------------------------------------\n176302 5497678 499178 0.124% 2.49 20 902\n-------------------------------------------------------------------------\n176303 5497678 499175 0.218% 4.35 38 less than 50\n-------------------------------------------------------------------------\n176304 5497699 499180 0.259% 5.18 29 less than 50\n-------------------------------------------------------------------------\n176305 5497630 499132 0.132% 2.63 112 117\n-------------------------------------------------------------------------\n176306 5497630 499132 0.044% 0.89 less than 5 24\n------------------------------------------------------------------------\n176307 5497615 499133 0.043% 0.86 30 5\n-------------------------------------------------------------------------\n176308 5497598 499137 0.275% 5.50 82 less than 50\n-------------------------------------------------------------------------\n176309 5497608 499123 0.079% 1.57 109 15\n------------------------------------------------------------------------\n176310 5497624 499137 0.078% 1.55 167 13\n-------------------------------------...