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Spruce Ridge Update for Great Burnt Copper Gold Project

Mining News - Published on Thu, 20 Feb 2020

Image Source: fscwire.com
Spruce Ridge Resources Limited announced that it has commenced a new, detailed, helicopter-borne EM and magnetic survey of the 2,870-hectare Great Burnt copper-gold project in south-central Newfoundland. The survey, carried out by Balch Exploration Consulting Inc, will comprise approximately 1,100 line kilometres, with 50-metre line spacing, using a Triumph AirTEM time-domain electromagnetic system. The new survey will provide better detection of lower-conductivity mineralized zones like the Great Burnt Main copper zone, than a previous airborne survey dating from 2007. The Great Burnt property has been explored at various times since the 1960s, but lack of natural outcrop has inhibited any structural analysis. The closer line spacing of the new airborne survey is expected to give better resolution of structural complexity that may have affected the location and continuity of mineralized zones.

CEO John Ryan said that "Spruce Ridge intends to aggressively explore and develop the Great Burnt property including new drilling of the South Pond ‘A' copper-gold zone and the South Pond ‘B' gold zone as well as infill drilling and a Preliminary Economic Analysis of the Great Burnt Main copper zone. In addition to these advanced-exploration and development steps, we intend to re-assess the project at the grass-roots level, including a number of exploration targets that remain untested. This new airborne survey is the first step in our new property-wide exploration program."

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Posted By : Rabi Wangkhem on Thu, 20 Feb 2020
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