お知らせ • Jan 17
Silver Range Resources Ltd. Completes Till Sampling and Processing, Identifies Anomalous Pristine Gold Grains and Heavy Metal Geochemistry on Mystery Au Project, Newfoundland and Labrador
Silver Spruce Resources Inc. announce the completion of further gold grain in till sampling and soil geochemical sampling, locally managed by the property vendor's team, and recent receipt of the sample processing results on the Mystery Au project. The gold grain in till program accompanied by B zone soil geochemical sampling is complete over a total of 129 of the proposed 184 locations. Those sites remaining were deferred due to distance from access trails and swampy ground and will require future helicopter support. As per the autumn 2021 program, the till samples, averaging 12kg in weight of screened -¼" or -½" material, were shipped to Nepean, Ontario and submitted to Overburden Drilling Management for processing and gold grain analysis. The soil samples were shipped to ALS Global in North Vancouver for precious metal and multi-element 0analysis. The Company has staged plans to complete regional till sampling for gold grain analysis and soil geochemistry, regional and property scale airborne geophysical compilation and interpretation, prospecting, ArcGIS geological and geophysical data compilation and as warranted by the Phase 1 results, submit additional permit applications to undertake a detailed geological mapping and sampling program, grid soil sampling and planning for first exploration drill campaign. The Company signed a Definitive Agreement in September 2021 with two parties to acquire 100% of three early-stage gold exploration properties, Mystery, Till and Marilyn, located near Grand Falls, Newfoundland and Labrador, Canada, 20-25 kilometres west of Newfound Gold Corp.'s Queensway project and 15-35 kilometres south of Sokoman Minerals Corp.'s Moosehead gold project. The 8,750-hectare project is located within the Exploits Subzone, an extensive area of mineral exploration activity and discoveries over the past two years. The Properties are well situated in terms of exploration logistics, located close to each other and 10-45 kilometres south by Bay d'Espoir Highway from Bishop's Falls, Newfoundland. The Properties are located <70 kilometres from the Gander International Airport and are easily accessible from major paved roads and local logging and bush roads and trails. The region is structurally complex and located, in large part, between several major crustal lineaments. Numerous majors to lesser sub-parallel features merge and bifurcate along strike and are transected by NW and EW-trending faults. These deep-seated structures, which juxtapose geological terranes over hundreds of kilometres, are key to the location and formation of orogenic gold deposits containing several million ounces of gold as reported by junior companies in the district. Historical assays were reported for 123 samples collected from Mystery and Marilyn. Eighteen samples reported Au >0.5 g/t (max. 12.5 g/t Au). Cu values were reported up to 9.85% with minor Ag, Pb and Zn. Arsenic was highly anomalous in thirty-six samples reporting over 2200 ppm upper limit for Inductively Coupled Plasma (ICP- OES) analysis, strongly associated with elevated Au values and displayed as minor to abundant arsenopyrite. Silver Spruce collected new rock samples and received an independent report on the mineral and rock textures potentially related to shallow epithermal and/or orogenic vein-style mineralization. The Company completed an initial phase of till and soil sampling in late 2021, and an airborne magnetic, VLF-EM and radiometric survey in February 2022. Detailed interpretation of the airborne data is pending. Multiple surface occurrences are reported of agate chalcedony to colloform and crystalline silica veining and multi-phase breccias, carbonate replacement by quartz, and open-space filling quartz and calcite, all textures indicative of the upper zones of epithermal systems and structural conduits in orogenic systems, and are accompanied by gold, arsenopyrite, stibnite, chalcopyrite, bornite and Cu carbonate mineralization in quartz veins, black shale and other sedimentary units, and ultramafic and gabbroic intrusions.