SilverSpruce Resources
aber so oder so; wenn ich genau hinschaue glaub ich sind wir charttechnisch nach oben ausgebrochen ;-)
Schade das sie dieses Jahr nicht auf der Invest sind. Hätt mich gerne mal wieder mit ihnen unterhalten.
Kein Anzeichen von Konsolidierung! Ich krieg langsam Angst.....
Silver Spruce Resources Inc. Adopts Shareholder Rights Plan
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Bridgewater, Nova Scotia - March 19, 2007 - Silver Spruce Resources Inc. (TSXV: SSE) ("Silver Spruce") is pleased to announce that its board of directors has approved the adoption of a shareholder rights plan to be effective as of March 16, 2007. The rights plan is designed to encourage the fair and equal treatment of shareholders in connection with any takeover bid for the outstanding securities of Silver Spruce.
In approving the rights plan, Silver Spruce intends to: provide shareholders and the board of directors with adequate time to assess any takeover bid; consider alternatives to a takeover bid as a means of maximizing shareholder value; allow competing bids to emerge; and provide shareholders with adequate time to properly assess a takeover bid without undue pressure. Silver Spruce's board of directors is not currently aware of any pending or threatened takeover bid for Silver Spruce. The rights plan is similar to plans adopted by other Canadian companies and ratified by their shareholders.
Under the terms of the rights plan, one right will be issued by Silver Spruce in respect for each outstanding Silver Spruce common share at the close of business on March 16, 2007, and in respect for each Silver Spruce common share issued thereafter. The rights issued under the rights plan become exercisable only if a person or entity acquires or announces their intention to acquire 20 percent or more of the common shares of Silver Spruce without complying with the permitted bid provisions of the rights plan or without the approval of Silver Spruce's board of directors.
Should such a situation arise, the holders of rights (other than the acquiring entity or related persons) can purchase common shares of Silver Spruce at a substantial discount to the prevailing market price (as defined in the rights plan) at the time the rights become exercisable.
Although effective as of March 16, 2007, the rights plan is subject to ratification by Silver Spruce's shareholders at Silver Spruce's annual and special meeting of shareholders currently scheduled for April 16, 2007. If ratified, the rights plan must be confirmed at every third annual meeting thereafter. If not ratified at the meeting of shareholders scheduled for April 16, 2007, the rights plan and all of the rights outstanding at that time will terminate. The rights plan is subject to regulatory and shareholder approvals.
A copy of the rights plan will be available on SEDAR and can also be obtained from Silver Spruce upon a written request.
ABOUT SILVER SPRUCE
Silver Spruce Resources Inc. is a junior mining exploration company focused primarily on uranium in the Central Mineral Belt (CMB) of Labrador, Canada. With 5,649 claims totaling more than 1,400 square kilometres, Silver Spruce is the second largest land holder in one of the world's premier emerging uranium districts. Silver Spruce currently has a $2 million large-scale exploration program underway. With experienced development partners, strong financial backing and their first U308 discovery, Silver Spruce is emerging as a leading uranium explorer.
Hab sie mit google übersetzen lassen. Kleine Übersetzungsfehler sind also möglich.
Zur info: Siberne Fichten = SilverSpruce
Azimut Exploration Inc. (TSXV: AZM) und Silver Spruce Resources Inc. (TSXV: SSE) verkünden das Unterzeichnen eines verbindlichen Absichtsschreibens betreffend die Hudson- Bayuranliegenschaft. Silberne Fichten können von Azimut ein 50-Prozent-Interesse am Projekt über einen Fünfjahreszeitraum erwerben zusammen mit einem zusätzlichen 15-Prozent-Interesse nach Anlieferung einer bankfähigen Durchführbarkeitsanalyse. Das verbindliche Absichtsschreiben und ResultierenBezugsrechtsvereinbarung- und Joint Venture Vereinbarung bleiben abhängig von der Zustimmung von Aufsichtsbehörden. Die Hudson Bayeigenschaft ist nahe der Hudson Bayküstenlinie in Nordquebec, ungefähr 15 bis 40 Kilometer vom Dorf und vom Flughafen von Umiujaq. Sie besteht aus drei Anspruch Blöcken, die 537 Ansprüche mit einer Fläche von 253 KM2 zusammenzählen. Dieses schließt acht vor kurzem angebundene Ansprüche ein, für die Bestätigung vom Ministerium der Naturresourcen und der Wildnisses von Quebec schwebend ist. Die Hudson Bayeigenschaft bedeckt ein starkes regional-einstufen uranium Seeunterseite Sedimentabweichung für Uran, einschließlich einen Höchstwert von 750 PPMs U. Die Eigenschaft befindet sich an der strukturellen übergang Zone zwischen dem Minto und den Bienville geologischen subprovinces. Der Bereich wird durch azoische aufdringliche Felsen gekennzeichnet, sowie die mafic und ultramafic Felsen. Ungefähr 20 Kilometer Süden des Projektes, in einem vergleichbaren Kontext, uranium Werte von bis 1.31% U3O8 wurden vorher in den Felsenproben in einem Bereich berichtet, in dem Erforschung jetzt verurteilt wird. An der Hudson Bay ist die Zielart eine große Eindringen-in Verbindung stehende uranium Ablagerung, die Tagebaugrube zugänglich ist. Silberne Fichten können ein 50-Prozent-Interesse am Projekt unter den folgenden Bedingungen erwerben: - Barzahlungen von $50.000 an später des Unterzeichnens und der Genehmigung durch die zuständige Aufsichtsbehörde und von $50.000 auf den vier folgenden Jahrestagen für eine Gesamtmenge von $250.000. Silberne Fichten geben auch 200.000 allgemeine Anteile heraus, und zusätzliche 100.000 Anteile auf dem ersten Jahrestag; Silberne Fichten können wählen, um Barzahlungen für bis 50 Prozent des Wertes der herausgegeben zu werden Anteile zu ersetzen. - Minimale Arbeit Aufwendungen von $300.000 während des ersten Jahres (feste Verpflichtung) und $400.000, $600.000, $600.000 und $700.000 während der folgenden Jahre für eine Gesamtheitsgesamtmenge von $2.600.000. Nach den silbernen Fichten, die ein 50-Prozent-Interesse erwerben, behält Azimut eine 2 Prozent Gelb-Kuchen-Abgabe. Silberne Fichten haben die Wahl des Erwerbens eines zusätzlichen 15-Prozent-Interesses, indem sie eine bankfähige Durchführbarkeitsanalyse unter den folgenden Bedingungen liefern: - Die Ausgabe von 100.000 silbernen Spruce Anteilen an einer einmaligen Bewilligung und an den Barzahlungen von $30.000 pro Jahr für fünf Jahre für eine Gesamtmenge von $150.000; und - Minimale Arbeit Aufwendungen von $200.000 pro Jahr während des Fünfjahres erwerben in der Periode. Wenn silberne Fichte, entscheidet diese zusätzliche Option nicht auszuüben, versehen silberne Fichten Azimut mit $100.000 im Bargeld als abschließende Zahlung. Silberne Fichten sind der Operator. Dieses Absichtsschreiben bleibt abhängig von der Zustimmung von Aufsichtsbehörden und Beendigung des Sorgfaltberichts des Projektes durch Silver Spruce. Dieses Pressekommuniquã# wurde vom Geologen Jean-Marc Lulin vorbereitet, qualifizierte Person der Firma, wie durch Ni 43-101 definiert.
Highlights
- Wide zone of uranium mineralization intersected -- 147 m of 0.041% (0.82 lbs/ton) U3O8
- Higher grade intersections -- 11 m at 0.11% (2.2 lbs/ton) and 7 m at 0.12% (2.4 lbs/ton) U3O8
April 11, 2007, Bridgewater, NS / Vancouver, BC --- Silver Spruce Resources Inc. (TSXV: SSE; Frankfurt: S6Q) and Universal Uranium Ltd. (TSXV: UUL) are pleased to announce that further drilling at the Two Time Zone has expanded the wide zone of uranium mineralization reported in the March 1, 2007 press release. The second phase of drilling consisted of six holes totaling 2,442 meters and the results indicate that the previously discovered zone is potentially much larger than originally anticipated. A total of 3,254 meters have been drilled since December 2006.
The phase two drill program targeted the Two Time Zone, a radioactive anomaly located on the CMBNW claim block, to the east of Snegamook Lake in central Labrador. Drill hole CMB-07-12, which targeted an area 50 m below the wide mineralized intersection in CMB-07-06 (107 m of 0.052% U3O8), intersected 147 m of 0.047% U3O8 including two intersections grading over 0.1% U3O8 : 0.11% over 11 m and 0.12% over 7 m. These mineralized intersections are the deepest to date and indicate the zone has good continuity to depth. Mineralization is hosted in an altered, brecciated and fractured, felsic intrusive of monzonitic to monzodioritic composition which carries extensive hematite, chlorite, and carbonate. The zone appears similar to large, iron oxide copper gold (IOCG) style, uranium rich, hematite breccia deposits such as the Olympic Dam deposit in Australia, the world's largest uranium deposit.
"We're excited by the wide mineralized intersections," stated Lloyd Hillier, President and CEO of Silver Spruce. "These latest results indicate the likelihood of an extensive, large, uranium deposit in the area."
The Two Time Zone has been traced over a 300 meter plus strike length, by prospecting and near surface drilling, from the cliff (discovery) zone near 2+75 N, through CMB-06-1 at 2+25 N, which gave 15.8 m of 0.033% U3O8, to CMB-06-2 near 1+25 N which gave 71.5 m of 0.015% U3O8 to 0+50 S, where CMB-06-5 gave 59.2 m of 0.024% U3O8. It appears to narrow to the north, based on the results from CMB-06-1 but remains open. Two holes in the second phase drilling, CMB-07-10, located 75 m to the north of CMB-07-06 and 12 near 0+25 N, intersected 35 m of 0.026% U3O8 including a 4 m section of 0.104% U3O8. DDH CMB-07-11, also on 0+25 N, which targeted the zone 50 m below CMB-07-10, intersected a 35 m zone giving 0.034% U3O8, but was terminated at 298 m just prior to intersecting the higher grade, main target zone, due to unfavorable ground conditions.
The zone appears to be near vertical to steeply dipping to the east at 75 to 80 degrees, indicating that drill intersections are probably two thirds true width. Further infill drilling is required to accurately determine the true width of the zone.
Modeling of the drill hole data with Surpac Xplorpac shows the uranium zone has excellent strike and depth continuity and is open along strike and to depth. It also indicates a number of dextral, normal faults that have offset the zone along strike, including to the south where DDH CMB-07-7 did not intersect the mineralized zone although it did encounter uranium values (5 m of 0.061% U3O8) in a fault/shear structure. The mineralization appears to be stronger in the southern part of the zone, where it appears to be offset to the west. Anomalous soil and lake bottom geochemistry indicate the zone may continue to the south under a small pond.
A possible mineralized zone has been located approximately 2.5 km to the east-northeast of the Two Time zone by prospecting. The HF occurrence, an angular boulder giving a value of 0.114% U3O8, was located in a stream just below a pond during the fall prospecting/stream sediment sampling survey. Gridding and ground follow up is planned for this area as soon as field conditions permit.
A detailed lake sediment sampling survey is being carried out on the CMBNW property during the winter. This survey is designed to better localize anomalous areas for ground follow up in the summer program. Results will be released when they are received.
As a result of the positive results from the Phase II drilling on the Two Time zone, the JV partners have called for bids for an 8,000 meter drill contract to further define the Two Time Zone along strike and to depth. The drilling is also planned to allow testing of other areas of mineralization as they are defined, such as the newly discovered HF occurrence to the northeast. The drilling is planned to begin in late April to early May. In addition, line cutting, geochemical, geophysical, geological mapping and prospecting surveys will begin as soon as conditions permit, to aid in the delineation of the Two Time zone and other undiscovered/unevaluated zones in the area.
Selected analytical values for the drilling are shown in the table below. A plan map of the drilling to date, a section through DDHs 5, 6 and 12, and a plan showing proposed work areas on the CMBNW property for the summer of 2007 are shown on Silver Spruce's and Universal Uranium's websites.
ABOUT SILVER SPRUCE
Silver Spruce Resources Inc. (TSXV: SSE) is a junior exploration company primarily focused on uranium in the Central Mineral Belt (CMB) of Labrador, Canada. A large-scale exploration program on the company's properties in the summer of 2006 resulted in the first uranium discovery in October from early stage follow up of the airborne surveys. With experienced partners and strong financial backing, Silver Spruce is emerging as a leading uranium explorer in Labrador.
Drilling to Resume at Two Time Zone, Minimum 8,000 Metre Drill Contract Awarded
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Exploration Update
- Drilling to resume on Two Time Uranium Zone in early May
- Lake sediment survey completed on CMB NW property
- Lake sediment survey begins on Jacques Lake property
April 25, 2007, Bridgewater, NS / Vancouver, BC. - Silver Spruce Resources Inc. (TSXV: SSE) and Universal Uranium Ltd. (TSXV: UUL) are pleased to announce a minimum 8000 metre contract for diamond drilling on the Two Time Zone. The contract has been awarded to Lantech Drilling Ltd. of Dieppe, New Brunswick and mobilization to the CMB NW property is planned for early May. Lantech will use an "LDS-1000" drill rig with a depth capacity of 900 metres, to test the extensions of the Two Time Zone along strike and to depth. The definition/infill drilling on the Two Time Zone will target the known mineralization and give an indication of the size and grade of the zone. Drilling will also be carried out to the north and south of the zone along strike.
Two previous drilling campaigns on the Two Time Zone, in December 2006 and February 2007, intersected uranium mineralization in 11 of 12 drill holes and outlined a significant mineralized zone. This zone, which remains open along strike and to depth, was traced for 300 metres and to a depth of 250 metres. The zone had values of 0.11% U3O8 over 30 metres within a wider zone of mineralization containing 0.052% U3O8 over 107 metres (refer to news release dated March 1, 2007). The uranium mineralization is hosted in an altered, brecciated and fractured, felsic intrusive, of monzonitic to monzodioritic composition, which carries extensive hematite, chlorite, and carbonate. The zone appears similar to large, iron oxide copper gold (IOCG) style, hematite breccia deposits, such as Olympic Dam in Australia, the world's largest uranium deposit.
Ground geophysical, prospecting and mapping surveys will be completed over the property mainly to the south of the Kanairiktok River. Work will commence once the snow melts and cut control lines can be established. In addition, proposals for a uranium ground survey (RadonEx), have been solicited for the mineralized area and along strike to both the north and south. The RadonEx survey is one of the most efficient ground radon surveying system available, with results available within days of planting the collection cups. "The new drilling program will move us closer to proving the presence of a large economic uranium deposit," Lloyd Hillier, President and CEO of Silver Spruce states. "In addition, the use of new exploration techniques such as the RadonEx survey, will give us the best and most efficient methods of evaluating our uranium properties in the CMB."
A detailed lake sediment sampling program has been completed over the entire CMB NW property, to follow up on the original government widely spaced, lake sediment anomalies. A total of 278 samples were collected and will be sent to Activation Laboratories in Ancaster, Ontario, to be analyzed for uranium content by delayed neutron counting (DNC) and other elements by inductively coupled plasma (ICP). Results will be reported when received. Detailed lake sediment sampling on the Jacques Pond claim group located adjacent and to the north of the Aurora Energy Jacques Pond property, will begin this week.
This release has been approved by Peter Dimmell, P.Geo., Vice President of Exploration, Silver Spruce Resources Inc., who is a Qualified Person (QP) as defined in National Instrument 43-101.
May 15, 2007
Third Phase Drill Program Starts on CMB NW Property
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- Drilling resumes at Two Time Zone, minimum 8,000 metre contract
- Lake sediment survey completed on Jacques Lake property
May 15, 2007, Bridgewater, NS / Vancouver, BC. - Silver Spruce Resources Inc. (TSXV: SSE) and Universal Uranium Ltd. (TSXV: UUL) are pleased to announce that the minimum 8,000 metre contract for diamond drilling on the Two Time Zone has begun. Mobilization to the site by the contractor Lantech Drilling Ltd. of Dieppe, New Brunswick, was completed on May 12 and drilling began on May 13.
The drilling is designed to test the Two Time Zone to depth and along strike with the aim of defining a uranium resource by late summer. Infill and definition drilling at 50 metre centres will define the size and grade of the zone while drilling to the north and south along strike will determine the extent of the zone.
Two previous drilling campaigns on the Two Time Zone, in December 2006 and February 2007, intersected uranium mineralization in 11 of 12 widely spaced drill holes outlining a significant mineralized zone. The zone, which remains open along strike and to depth, was traced for 300 metres and to a depth of 250 metres. Values of 0.11% U3O8 over 30 metres within a wider zone of mineralization containing 0.052% U3O8 over 107 metres was located (refer to news release dated March 1, 2007).
The uranium mineralization is hosted in an altered, brecciated and fractured, felsic intrusive, of monzonitic to monzodioritic composition, which carries extensive hematite, chlorite, and carbonate. The zone appears similar to large, iron oxide copper gold (IOCG) style, hematite breccia deposits, such as Olympic Dam in Australia, the world's largest uranium deposit.
"This third phase drill program will better define the Two Time Zone, and potentially allow us to build a National Instrument 43-101 compliant resource by late summer," stated Lloyd Hillier, President and CEO of Silver Spruce Resources.
A detailed lake sediment sampling program has been completed on the Jacques Lake property to follow up on the widely spaced, lake sediment anomalies originally defined by government surveys. A total of 234 samples were collected and have been sent to Activation Laboratories in Ancaster, Ontario, to be analyzed for uranium content by delayed neutron counting (DNC) and other elements by inductively coupled plasma (ICP). Results will be reported when received.
The CMBNW and Jacques Lake properties are located in the Central Mineral Belt of Labrador, and lie along strike, and in proximity to, properties held by Aurora Energy Inc., Crosshair Exploration and Mining and the Santoy/Monster Copper JV. The CMB is one of the most active uranium exploration areas in Canada, driven by the success of Aurora Energy on its Michelin and Jacques Lake deposits, where approximately 100 million pounds of uranium have been defined (Aurora news release, February 13, 2007.)
This release has been approved by Peter Dimmell, P.Geo., Vice President of Exploration, Silver Spruce Resources Inc., who is a Qualified Person (QP) as defined in National Instrument 43-101.
Silver Spruce Drilling at Mother Lode Gold Property
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May 23, 2007, Bridgewater, NS--Silver Spruce Resources Inc. (TSXV: SSE) is pleased to announce that it is drilling a minimum 700 metre program on the Mother Lode gold property, located on the Burin Peninsula in southeastern Newfoundland. The drilling began on May 10th and should be completed by the end of the month. The property was optioned by Silver Spruce in January, 2006 (see news release dated January 6, 2006). Silver Spruce can earn a 100 percent interest in the property, subject to a two percent Net Smelter Return.
Silver Spruce's main focus continues to be uranium exploration in the Central Mineral Belt of Labrador. The company is currently completing an intensive exploration program including: a minimum 8,000m drill program that will lead to the company's first-ever uranium resource calculation.
Prospecting, geological mapping and grab and float sampling of mineralized, altered units at Mother Lode have given sporadic gold assays with values varying from non detectable to 25 grams per tonne. Hand-trenching in 2004-2005 and excavator trenching of altered outcrop and soil anomalies in 2006 resulted in the discovery of altered zones within the volcanic units carrying gold values in disseminated sulphide mineralization. The trenching confirmed earlier grab sample assays and resulted in the extension of known mineralized zones. Mineralization grading from anomalous (a few hundred ppb) in the sheared, mineralized units to 6.39 g/t over 2.4m in boudinaged, interflow iron formation was located. Assays were generally in the hundred ppb to one to two grams per tonne gold over widths from one to two metres maximum.
The drill program is designed to evaluate the mineralized zones utilizing short holes to test the down dip/plunge extent of mineralization. A number of longer, 250m holes, will test the possibility of structurally repeated intervals at greater depth in the main area of the grid on the Turpin Zone. Gold is associated with fine to very fine disseminated pyrite mineralization (up to 15%) in sheared and altered, chloritized, sericitized and silicified volcanic units.
The host rocks are mafic volcanics, gabbros and volcaniclastic sediments of the Burin Ultramafic Belt, which have been sheared and altered over an area of approximately 200m across strike and 300-400m along strike. The mineralized zones are boudinaged, dip steeply to the northwest and appear to plunge to the southwest, possibly controlled by strong isoclinal folding. No drilling has been carried out in this area prior to the Silver Spruce work.
Mineralized intervals will be sawed and one half of the sample shipped to Eastern Analytical Laboratories, in Springdale, NL for analysis for gold by fire assay, using a one assay tonne sample and 30 element ICP analyses. The other half of the sample will be retained for further study. Results will be reported as received.
This release has been approved by Peter Dimmell, P.Geo., Vice President of Exploration, who is a Qualified Person (QP) as defined in National Instrument 43-101.
ABOUT SILVER SPRUCE
Silver Spruce Resources Inc. (TSXV: SSE) is a junior exploration company primarily focused on uranium in the Central Mineral Belt (CMB) of Labrador, Canada. With interests in over 8,500 claims totaling more than 2,100 square kilometres, Silver Spruce is the one of the largest landholders in one of the world's premier emerging uranium districts. A large-scale exploration program in the summer of 2006 resulted in the first uranium discovery in October (Two Time zone) in early stage follow up of the airborne surveys. With experienced partners and strong financial backing, Silver Spruce is emerging as a leading uranium explorer in Labrador.
For Further Information Contact:
Silver Spruce, Universal return up to 374 ppm at CMB
Silver Spruce Resources Inc (C:SSE)
Shares Issued 28,976,029
Last Close 6/25/2007 $1.32
Tuesday June 26 2007 - News Release
Also Universal Uranium Ltd (C:UUL) News Release
Mr. Gordon Barnhill of Silver Spruce reports
SILVER SPRUCE RESOURCES INC. AND UNIVERSAL URANIUM LTD.: DETAILED SAMPLING DISCOVERS HIGHLY ANOMALOUS LAKE SEDIMENTS ON CMB JV PROPERTIES
Silver Spruce Resources Inc. and Universal Uranium Ltd. have provided the results of detailed lake bottom geochemistry surveys on the CMB NW and Jacques Lake properties, part of the CMB joint venture.
The results indicate significant uranium anomalies on both properties. The CMB NW block returned values ranging from background (less than 17 parts per million (ppm)) to 374 ppm. Two significant anomalous areas were defined. The first area lies south of the Kanairikotok river and extends from the Near Miss showing continuing northeast to encompass the Two Time zone and HF occurrence. The highest values, ranging from 6.5 to 374 ppm with six values greater than 100 ppm, are located further to the northeast in an unexplored area. In comparison, lake sediment values in the area of the Two Time showing, where drilling has defined an extensive zone of uranium mineralization, ranged from 9.8 to 44.9 ppm. The second area of anomalous samples was located to the north of Snegamook Lake, in the northwest portion of the property, with values ranging from 5.4 to 258 ppm and three values greater than 60 ppm. In this area, an additional 56 claims were added to protect the anomalous area as it is located near the boundary of the pre-existing CMB NW property.
At the Jacques Lake property, values ranged from a high background of approximately 30 ppm, to 217 ppm. Two anomalous areas were defined. The first area lies to the north of Jacques Lake in the central/northeast portion of the property with values ranging from 14 to 207 ppm and 17 values greater than 50 ppm. The second area is located in the northwest corner of the property with values from 27 to 217 ppm and two values greater than 100 ppm.
Lloyd Hillier, president and chief executive officer of Silver Spruce, states: "The results of the lake bottom sediment sampling on the CMB NW block indicate the potential for continuity between the three known mineralized zones and the likelihood that mineralization may continue northeast to an unexplored area. We are also encouraged by the results from the Jacques Lake property and are optimistic that more uranium mineralization will be located as the summer work program continues."
Samples were analyzed at Actlabs in Ancaster, Ont., by delayed neutron counting (DNC) for U and an ICP technique for other elements, the same techniques used in the government surveys that led to the initial staking of the properties. Government background uranium values for the area are less than 10 ppm. Plan maps of the lake sediment results for uranium are available on Silver Spruce's and Universal Uranium's websites. Results for ICP remain pending.
This release has been approved by Peter Dimmell, PGeo, vice-president of exploration, Silver Spruce Resources, who is a qualified person (QP) as defined in National Instrument 43-101.
About the CMB Northwest and Jacques Lake properties
es gabt zwar eine kleine Schwächeperiode ... aber sie ist wieder auf dem wege zum rebound
Angehängte Grafik:
Silver_Spruce.png
Silver_Spruce.png
Hier eine Kurze Zusammenfassung der wichtigsten Daten
July 05, 2007
Silver Spruce Resources Announces Rock Sample Results and Completion of First Pass Exploration -- Straits Property
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Results from the first 44 rock samples submitted have given 19 values greater than 100 ppm (0.01%) U3O8, including five values > 500 ppm (0.05% or 1 lb/ton) and 3 values > 0.1%, with a high value of 0.26% U3O8. This area has never previously been explored for uranium.
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July 09, 2007
Silver Spruce Resources Closes Private Placement
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July 9, 2007, Bridgewater, NS - Silver Spruce Resources Inc. (TSXV: SSE) is pleased to announce that it has completed its previously announced non-brokered private placement raising gross proceeds of $1,788,000. The offering consisted of the issuance of 1,490,000 units ("Units") of Silver Spruce.
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July 10, 2007
Mount Benedict Property Start of Follow Up; Acquisition of New Claims
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July 10, 2007, Bridgewater, NS - Silver Spruce Resources Inc. (TSXV: SSE) is pleased to announce the start of ground follow up on the 3,012 line km airborne radiometric / magnetic surveys carried out in 2006 on the Mount Benedict Properties, located in the eastern portion of the Central Mineral Belt in east central Labrador. The eight person field crew is based out of Postville and is utilizing helicopter support to access the claims.
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Die kompletten Meldungen gibts auf www.silverspruceresources.com
Silver Spruce Announces Results of Lake Sediment and Prospecting Surveys -- Straits Property
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August 23, 2007 - Bridgewater, N.S. - Silver Spruce Resources Inc. (TSXV: SSE) is pleased to announce that it has received the results for lake sediment and prospecting surveys carried out on the Straits Property, located in southern Labrador, to the north of the Straits of Belle Isle.
A total of 219 lake sediment samples were acquired covering the entire claim group, including the 1,320 new claims announced in the news release of June 14, 2007. The mean value for the lake sediments is 28 ppm U, with the highest value, 639 ppm, located in the northeastern part of the group. Excellent correlation is shown with the more widely spaced government lake sediment values which prompted the original acquisition of the property.
Three anomalous areas are defined. The strongest, with values from 42 to 266 ppm U and a number > 100 ppm, is located in the central portion of the claim group, developed along a northeast trending structure with offsetting northwest trending structures, over a seven kilometre strike length. A total of 16 rock samples were taken from this area with nine giving values > 100 ppm. Two of the samples had values > 0.1% U3O8 and a high value of 0.16% U3O8 . The WD showing is located within this anomaly. It is a cluster of large boulders of orthogneiss / paragneiss showing strong uranophane staining within a 600m to 800m long radiometric anomaly which gave values from 92 to 1,391 ppm (0.14%, 2.8 lbs/ton) U3O8, with three of four samples > 400 ppm.
A northeast trending zone in the northeastern part of the group gives values from 15.5 to 639 ppm U. This area includes the Henley Harbour area where an 800m to 1,100m radiometric anomaly gave values of 439 ppm and 384 ppm U3O8 from two rock samples. Host rocks are aplites, mafic intrusives (gabbros), gneisses and pegmatites.
In the western portion of the group, a linear, north-south trending zone gives values from 10.6 to 125 ppm. The LP showing, a large, irregular, pegmatite dike system which can be traced for a few hundred metres and which gives erratic values (10 samples), varying from 38 ppm to 2,650 ppm (0.26%, 5.2 lbs/ton) U3O8, with 6 samples > 100 ppm and two > 0.2% U3O8 is located in the northern portion of this area.
Prospecting (78 rock samples) was carried out on the original 896 claim (22,400 ha or 224 km2) block in follow up of the airborne survey carried out in 2006 on 21 airborne radiometric targets. The targets were selected on the basis of the 95th percentile of U/Th ratios (U minimum 14 ppm). Three areas of mineralization were defined giving 36 values greater than 100 ppm (0.01%) U3O8 including nine values > 500 ppm (0.05% or 1 lb/ton) and four values > 0.1% (2 lbs/ton), with a high value of 0.26% U3O8. Uranium / thorium ratios were good (minimum of 3 to 1) in most areas although some areas of high thorium values, with low U/Th ratios were located.
The rock and lake sediment samples were analysed at Actlabs in Ancaster ON, for U by delayed neutron counting (DNC) and an ICP technique for other elements including Th. This technique was the same technique used for the government lake sediment surveys which led to the staking of the properties. Results for the ICP for the lake sediments remain pending.
Lloyd Hillier, President and CEO of Silver Spruce comments "We continue to be impressed with the results of our surveys which indicate that significant, previously untested, uranium potential exists in this part of Labrador. We look forward to continued follow up and the delineation of a uranium resources."
Maps showing a plan map of the lake sediment and rock sample results, and a plan map for airborne targets are available on the company website at
Third Phase Drill Program Intersects 17m of 0.109% U3O8
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Highlights
Drilling intersects 17m of 0.109% U3O8 (2.18 lbs / ton)
Widest zone of mineralization located to date in drilling - 199 m at 0.026% U3O8 (0.52 lbs/ton)
Two Time Zone strike length extended to 425m
New mineralized areas located in float and outcrop with values to 0.93% U3O8 (18.6 lbs/ton)
Radon Gas (RadonEx) surveys show significant potential mineralized zones
August 30, 2007, Bridgewater, NS / Vancouver, BC. - Silver Spruce Resources Inc. (TSXV: SSE) and Universal Uranium Ltd. (TSXV: UUL) are pleased to announce further results of the continued third phase drilling at the Two Time Zone and prospecting and Radon Gas (RadonEx) surveys from the CMBNW claim block in central Labrador.
Results for holes CMB-07-15 to 20 are reported. The new holes continue to expand and define the mineralization, along strike and to depth. The best values were: CMB-07-16 - 192 m from 256 to 448 m, assaying 0.022% U3O8 (0.44 lbs / ton) including 9 m from 286 m to 295 m at 0.127 (2.54 lbs/ton); CMB-07-18 - 17 m from 211 m to 228 m at 0.109% U3O8 (2.18 lbs / ton); and CMB-07-19 - 199 m at 0.026% U3O8 (0.52 lbs / ton) including 4 m from 299 m to 303 m at 0.129% U3O8 (2.58 lbs / ton). The drilling was targeted to test the Two Time zone at depth to the south.
Mafic dikes disrupted the mineralized zone in hole 15, which tested the zone at a vertical depth of 250 m under hole 14 on Section 0+00. The hole stopped in the mineralized zone due to bad ground conditions. Hole 16 tested under hole 12 on Section 0+75 S, at a depth of approximately 250 m. It intersected a wide, lower grade section with narrow higher grade zones and included mafic dike from 311 m to 329 m. Holes 17-19 were drilled as a fence on Section 1+25 S, 50 m to the south of drill holes 5, 6, 12 and 16, on Section 0+75 S, to test the southern extension of the zone from approximately 150 m to 250 m vertical depth. All of these holes intersected wide zones (90 m plus) of lower grade mineralization in the 0.02% to 0.03% U3O8 range with higher grade intersections including 17 m of 0.109% U3O8 in Hole 18. Hole 19 which gave the widest zone of mineralization to date, 199 m of 0.026% U3O8 was stopped while in mineralization due to mechanical difficulties. Hole 20 was drilled to the west to test for a possible western offset to the Two Time Zone mineralization. It did not intersect any significant radioactivity and no samples were taken. Drilling is continuing.
"We continue to be excited by the mineralization that we are finding on the CMBNW property," stated Lloyd Hillier, President and CEO of Silver Spruce. "Ongoing results indicate the strength of the uranium mineralizing system and the increased potential for a large uranium deposit on the property."
The zone has been traced over a strike length of approximately 425 m from 2+75 N to 1+50 S and it remains open. The host for the mineralization is an altered, brecciated and fractured intrusive, monzodiorite to diorite, with extensive chlorite, carbonate and hematite alteration. The orientation of mineralization in the Two Time Zone appears to be near vertical to steeply dipping. An estimate of true widths cannot be established at this time.
RadonEx radon gas surveys have been utilized to trace uranium mineralization on the CMBNW and Snegamook properties as a guide for exploration. The non-invasive RadonEx technique uses a computer chip based radon detector which is buried in the earth in the morning, recovered in the late evening and then read in the night to give results immediately. The technique, which relies on Radon gas escaping from buried uranium mineralization, was tried on the Two Time and Near Miss showings in the early summer as an orientation. Both surveys detected and traced the mineralization giving confidence in the technique. The survey has been successful in defining a trend of radon anomalies, thought to represent uranium mineralization, along the Two Time area and these anomalies are being tested by drilling.
The surveys have also shown a number of other mineralized structural trends, particularly an east-northeast (ENE) trending zone, to the south of the Two Time on the Snegamook property, which remain to be tested. This survey has located significant anomalies, some much larger and stronger than the anomaly over the TT zone. Prospecting, guided by the RadonEx surveys, has located significant mineralization along these trends.
In the prospecting surveys, 76 rock samples taken from float and outcrop with scintillometer readings from a few hundred to > 10,000 cps have been analyzed. Of these, five gave values > 0.5% U3O8 (10 lbs / ton) and 31 gave values > 0.1% U3O8 (2 lbs / ton). The majority of these samples were taken outside of known mineralized areas and represent new areas of significant uranium mineralization. Most of the anomalous samples are associated with major east-northeast (ENE) or north-northwesterly (NNW) trending structures, the most significant of which is a 12 km long east-northeast trending suture which extends from the Near Miss showing across the Snegamook property, approximately 2.5 km south of the Two Time zone to the area of the highly anomalous lake sediment values noted in the news release of June 26, 2007. The uranium values are hosted in hematite bearing breccia zones close to the trace of the structure and in pegmatitic zones to the north of it. Another area, trending ENE and giving values up to 0.93% U3O8 (18.6 lbs/ton) in float boulders and 0.4% U3O8 (8 lbs/ton) in outcrop is located in the southeastern portion of the group. These samples are generally hematite breccias and are related to alteration (carbonatization, chloritization) in the host units. The Near Miss Showing, located in the southwestern portion of the Snegamook property, gives values from 78 to 5000 ppm (0.008% to 0.5%) U3O8 in rock samples from outcrop and also shows good coincidence with RadonEx radon gas anomalies. It has not yet been drilled. Other rock samples have been taken and submitted to the laboratory. These results are pending.
Analyses were performed by Activation Laboratories in Ancaster, Ontario, an approved, accredited laboratory, using the delayed neutron activation technique, which gives accurate results for samples carrying up to one percent uranium. Selected analytical values for the drill holes are shown in Table 1. A revised plan map of the drilling, a compilation map showing the RadonEx anomalies, the anomalous rock sample values and the associated structures plus a more detailed map showing the RadonEx anomalies in the Two Time Trend area, are shown on Silver Spruce's and Universal Uranium's websites.
TABLE 1 - ANALYTICAL RESULTS
Diamond Drilling - CMBNW Property - Two Time Showing - DDH's CMB-07-15 to 20
DDH # From To Length
m % U 3O 8 lbs / ton
U 3O 8
CMB-07-15 241 289 48 .011 0.22
“ incl. 259 270 11 0.029 0.58
“ 447 499 52 0.014 0.28
CMB-07-16 256 448 192 0.022 0.44
“ incl. 267 311 44 0.045 0.9
“ incl. 286 295 9 0.127 2.54
“ incl. 349 354 5 0.10 2.0
CMB-07-17 173 263 90 0.022 0.44
“ incl. 236 263 27 0.043 0.86
“ incl. 249 262 13 0.063 1.26
“ incl. 249 253 4 0.095 1.9
“ and 255 262 7 0.057 1.14
CMB-07-18 198 326 128 0.028 0.56
“ incl. 205 228 23 0.089 1.78
“ incl. 211 228 17 0.109 2.18
“ incl. 216 228 12 0.134 2.68
“ incl. 305 310 7 0.08 1.6
CMB-07-19 251 450 199 0.026 0.52
“ incl. 286 443 157 0.029 0.58
“ incl. 287 303 16 0.071 1.42
“ incl. 299 303 4 0.129 2.58
CMB-07-20 No significant Scint readings
No samples taken
All core showing significant total count scintillometer values was cut and analyzed. Core samples were halved by sawing on site, with one half sent for analysis and the other half retained for further study.
ABOUT THE CMB NORTHWEST 2 PROPERTY
The CMB northwest block is part of the Silver Spruce/Universal Uranium CMB/Seal Lake joint venture previously announced.
Silver Spruce Resources -- Labrador Inuit Land
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September 14, 2007, Bridgewater, NS - Silver Spruce Resources Inc. (TSXV: SSE) responds to concerns brought forward by the Nunatsiavut Government (News release of September 7, 2007) regarding mineral exploration by companies on Labrador Inuit Lands (LIL) as reported in the CBC news stories on September 12, 2007.
The CBC news stories gave the impression that Silver Spruce's work on exploration properties in Labrador would have to cease due to permit problems with the Nunatsiavut Government. This perception is incorrect. Problems were incurred when preliminary exploration (prospecting, stream sediment sampling, line cutting and baseline environmental studies) was carried out on Labrador Inuit Lands in the Mount Benedict Area, prior to the submission of a work permit approval request, in contravention of Section 4.11 of the Labrador Inuit Land Claims Agreement. This was an oversight by the company and the company immediately stopped all work on these lands, and has been in communication with the Nunatsiavut Government to discuss the issue since it was brought to the company's attention.
William Barbour, Minister of Lands and Resources of the Nunatsiavut Government, has been contacted today and has agreed that Silver Spruce Resources Inc. can resubmit work plans for properties within Labrador Inuit Lands. Permission for this exploration could be granted in the future if all required conditions of the work permits are met. Ongoing discussions continue between the Nunatsiavut government and Silver Spruce to ensure that all these requirements are met as required.
Labrador Inuit lands comprise approximately 15 percent of Silver Spruce's exploration properties in Labrador and do not cover the CMBNW project of Silver Spruce Resources Inc. and its joint venture partner, Universal Uranium Ltd, where the Two Time uranium zone is located. Properties within Labrador Inuit lands within the CMB joint venture are Jacques Lake, CMBSE and CMBNE (partial) all of which have had limited follow up on radiometric surveys carried out in 2006, with no significant showings located to date. Work permit applications have been filed with the Nunasiavut Government for follow up exploration on these properties.
"We have great respect for the Labrador Inuit people and the Nunatsiavut Government," stated Lloyd Hillier, President and CEO of Silver Spruce. "We have taken steps to ensure this oversight does not happen again. Earlier this year, we formed an Advisory Board with representatives from the local Inuit community who help to guide the company's exploration efforts. With management, the Board of Directors and the Advisory Board all committed to Labrador and working together, I am confident of shared successes with the Nunatsiavut government and its people."
The Advisory Board (see news release dated June 19, 2007) is comprised of four people, all of aboriginal descent and residents of Labrador. Each is actively involved in their communities and with aboriginal affairs and two are beneficiaries of the Nunatsiavut Government agreement. Additionally, 50 percent of Silver Spruce employees are of aboriginal descent and, as the company grows, Silver Spruce is committed to continue to provide training and work to Labradoreans of all descents.
At the request of the TSX (Market Regulation Services), Silver Spruce also wishes to inform the public that results for holes CMB-07-21 to 24 on the Two Time zone remain pending. Results will be reported when they are received.
ABOUT SILVER SPRUCE
Silver Spruce Resources Inc. (TSXV: SSE) is a junior exploration company primarily focused on uranium in the Central Mineral Belt (CMB) of Labrador, Canada. With over 12,500 claims totaling approximately 3,100 square kilometers in Labrador, Silver Spruce is the second largest landholder in one of the world's premier emerging uranium districts. With experienced partners and strong financial backing, Silver Spruce is emerging as a leading uranium explorer in Canada.
On behalf of the Board of Directors, Gordon Barnhill, CFO and Director.
For Further Information Contact:
Beobachter dieser Aktie. Hatte mir dann später bei 0.81€ einen
kleinen Bestand zugelegt und bin tief mitgefallen.
Aber so lamgsam scheint es zu werden?!
Die 1 € Marke wird fallen und dann "Start"!
Gut beobachtet! ... Bin dabei!
Dieses Jahr kommen noch die Resourcen nach 43-101 (steht auf der Homepage)
dann kommt hoffentlich der nächste Impuls. Hab auch nur eine kleine Position, weil die Aktie natürlich sehr spekulativ ist. Aber sie sind auf einem guten Weg und das sie in Deutschland keiner kennt stimmt mich auch positiv.
... habe ich auch gelesen.
Nur gut, dass die Aktie recht unbekannt ist, denn wenn erst die Empfehlungen kommen, von uns bekannten "Freunden" (M.F.), sieht es meist nicht mehr rosig aus. Werde wohl auch noch bei Gelegenheit aufstocken. Bin der Meinung, das bis Jahresende und den anhaltenden positiven Markttendenzen, die 1,50 € dauerhaft kein Problem darstellen sollte.
leider ist die Gesellschaft mit der allgemeinen Schwäche der Explorer Aktien ganz schön unter die Räder gekommen. Ob das gerechtfertigt ist wage ich zu bezweifeln, jedoch ist es natürlich sehr spekulativ in einen Wert zu investieren, von dem man in Deutschland fast keine Infos enthält. Bin aber stark am überlegen, meine Position aufzustocken. Wir sind fast wieder da, wo das Unternehmen vor Veröffentlichung der Super Ergebnisse im Frühjahr stand.
December 06, 2007
2008 Winter Drill Program Planned for Mount Benedict Property
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Highlights
- Values to 0.35% U308 in outcrop and 0.73% U308 in boulders
- Submission of 2008 work plans for Mount Benedict LIL and LISA lands
- Winter drilling planned to test T-649 and Super 7 showings
- Significant values to 0.7 % U308 located on the Makkovik River property
December 6, 2007 - Bridgewater, NS - Silver Spruce Resources Inc. (TSXV: SSE) is pleased to provide an update on exploration work on its Makkovik River and Mount Benedict properties, in the eastern portion of the Central Mineral Belt (CMB) of Labrador. Both properties are 100-percent owned by Silver Spruce.
Mount Benedict Property
Work on the Mount Benedict property during 2007 consisted of prospecting airborne radiometric anomalies located in the 2006 survey, and regional stream sediment sampling surveys. Prospecting in the summer led to the discovery of two significant high-grade uranium prospects -- the T-649, where five grab samples averaged 0.5% (10 lbs/ton) U308 and boulders with values to over 3% (60 lbs/ton) U308 were located; and the Super 7, with values to over 1.0% (20 lbs/ton) U308 -- both located on LIL (Labrador Inuit) lands. An archeological assessment for the area has been completed and submitted to the Nunatsiavut government and a work proposal to drill test both prospects in the first quarter of 2008 has been submitted to both the Nunatsiavut and Newfoundland and Labrador governments.
A regional silt sampling survey initiated in mid-September covered the northern portion of the property, on LISA (Labrador Inuit Settlement Area) lands, using the town of Makkovik as a base. Approximately 500 stream sediment samples were taken prior to the onset of winter conditions. Results were positive, with a number of areas giving first order, coincident U/Cu/Pb/Mo anomalies with uranium values greater than 60 ppm (against a background of <10 ppm). Uranium mineralization was also located in bedrock, with one value of 0.35% U308; and in float boulders, with values from 0.026% to 0.25% U308. Analytical results for stream sediment samples collected from drainages proximal to the T-649 and Super 7 showings are similarly anomalous in U/Cu/Pb/Mo. No follow up has been carried out. Results are shown on the compilation map below.
2008 Work plans for the Mount Benedict property on LISA lands have been submitted to both the Nunatsiavut and Newfoundland and Labrador governments. Work planned consists of airborne radiometric/magnetic surveys, prospecting, stream sediment and soil geochemistry, geological surveys, RadonEx and scintillometer ground surveys followed by drilling.
Makkovik River
Prospecting surveys, in conjunction with stream sediment sampling, were carried out in late August and early September, prior to an airborne radiometric/magnetic survey which was flown in late September. Uranium-bearing boulders were located along a northeast trending zone, approximately 1,500 to 2,000 meters in length. Mineralization is hosted in sheared /hematitized extrusive and intrusive rocks with float samples giving values from 0.049% to 0.733% U308. Scintillometer readings were taken along traverse lines where bedrock was exposed or in areas where mineralized boulders were located. The results are shown on the compilation map below, with the shading based on the scintillometer values. No follow up has been carried out. The airborne survey results are pending.
Detailed follow up work, consisting of prospecting, geochemical, geophysical and geological ground surveys, followed by trenching and drilling, if warranted, will be carried out in 2008.
ABOUT THE MOUNT BENEDICT AND MAKKOVIK PROPERTIES
The Mount Benedict Property is a large contiguous block of 3,695 claims (924 square kilometers), located 30 kilometers southeast of Makkovik. It is located in part, (15 percent), on Labrador Inuit Land (LIL), which is controlled by the Nunatsiavut Government. The remaining 85 percent is on Labrador Inuit Settlement Area (LISA) lands, which are jointly controlled by the Nunatsiavut and the Newfoundland Government. The claims are 100-percent owned by Silver Spruce, subject to a one percent NSR payable on production from 532 of the claims.
The Makkovik River Property consists of 200 claims (50 square kilometers), located 30 kilometers to the east of Postville on Labrador Inuit Settlement Area (LISA) lands. The claims are owned 100 percent by Silver Spruce.
ABOUT SILVER SPRUCE
Silver Spruce Resources Inc. (TSXV: SSE) is a junior exploration company primarily focused on uranium in the Central Mineral Belt (CMB) of Labrador, Canada. With interests in more than 13,100 claims totaling approximately 3,275 square kilometers in Labrador, Silver Spruce is the second largest landholder in one of the world's premier emerging uranium districts. Experienced partners and strong financial backing make Silver Spruce a leading uranium explorer in Canada.
This release has been approved by Peter Dimmell, P.Geo., Vice President of Exploration, Silver Spruce Resources Inc., who is a Qualified Person (QP) as defined in National Instrument 43-101.