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Silver Spruce Resources Completes Phase II Drilling at Big Easy Gold-Silver Property

Silver Spruce Resources has announced that it has completed the phase II drill campaign at the Big Easy gold-silver mineralized alteration zone located in East Newfoundland, on July 11. This program included drilling of 1080 m, totaling five drill holes.

The drill program examined epithermal-style mineralization over a strike of length 200 m related to an altered zone, which encloses an area of about 1.7 km. The company sampled and sent 859.8 m of mineralized or altered drill core, totaling 821 samples, for laboratory testing. It is waiting for the drilling results.

The company observed wide banded adularia-quartz veins and chalcedonic quartz regions up to 1 m thick and brecciation areas together with silicification and veining, in the core.

Differences were found in the veins’ orientation. Veins orientations in 2012 differed from 20° to 90° towards the core axis. The company observed adularia, sinter and boiling textures in the drill core of 2012, showing that the zone is located adjacent to the paleo surface where high-grade; bonanza style veins containing gold and silver were identified.

The phase II follow-up drill campaign was carried out depending on the 2011 drill program results, a comprehensive structural analysis of the mineralized zones, and a clearer knowledge of the wide epithermal system with the assistance from provincial government and academic studies. The company’s phase Ii program focused on the wide gold-silver intersection area found in DDH BE-11-3.

The company encountered 0.87 g/t gold and 33.5 g/t silver over 30.5 m, 6.04 g/t gold and 114 g/t silver over 1 m, and 6.05 g/t gold and 174 g/t silver over 1.5 m in hole BE-11-3. All holes drilled in 2011 intersected mineralized gold and silver over strike of length 1.2 km.

Source: http://www.silverspruceresources.com/

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