The Conversation (0)
Silver Spruce Resources Inc. (TSXV: SSE) reported the results of its Phase II drill program at the Big Easy prospect in Newfoundland, intersecting encouraging silver/gold mineralization.
Silver Spruce Resources Inc. (TSXV: SSE) reported the results of its Phase II drill program at the Big Easy prospect in Newfoundland, intersecting encouraging silver/gold mineralization.
As quoted in the press release:
A total of 1,080 metres in five drill holes in 2012 tested the epithermal-style mineralization over a 200 metre strike length. The widest mineralized zone was located, as was the case in the 2011 drilling, at depth in DDH BE-12-12. This intersection gave values of 1.3 g/T gold (Au) and 36.7 g/T silver (Ag) over 8.7 metres from 200.1 to 208.8 metres, including 4.6 g/T Au and 101.3 g/T Ag over 2.2 metres from 202.2 to 204.4 metres, including 7.9 g/T Au and 130 g/T Ag over 1.2 metres from 202.3 to 203.5 metres. This zone is comprised of brecciated quartz-adularia veining in a black matrix of fine-grained mineralization.
Peter Dimmell, President and CEO of Silver Spruce, commented:
We are very encouraged by these results. The presence of sinter in the Trench 6 area in the southern part of the alteration zone and extensive opaline to chalcedonic silica in the drill core indicates that we are most likely in the upper parts of the epithermal – hot spring system, and above the area where “bonanza grade” gold and silver veins would typically be found. The fact that our best gold/silver intersections have been in our deeper holes and that these still represent significant values over reasonable widths is very exciting. Having these values high in the system, above where we believe the “bonanza grades” should lie, bodes well for higher gold and silver values at depth.
Click here to read the full press release.
