Silver Spruce Resources Announces Phase II Drilling Results from Big Easy Property

Silver Spruce Resources has reported the phase II diamond drill results from the Big Easy gold-silver prospect located in East Newfoundland.

This year’s drill program was specifically designed to examine the extensive gold and silver intersection area in DDH BE-11-3 and to analyze a structural understanding of vein mineralization observed in the 2011 seven-holed drilling campaign. Mineralized gold and silver is related to a huge and altered system, which encloses a region of about 1.7 km having thickness of up to 300 m.

The epithermal-style mineralization over a strike of 200 m was specifically examined through this year’s 1,080 m drill program. The broadest mineralized zone was identified at the DDH BE-12-12 depth. The company intersected 7.9 g/T gold and 130 g/T silver over 1.2 m; 4.6 g/T gold and 101.3 g/T silver over 2.2 m and 1.3 g/T gold and 36.7 g/T silver over 8.7 m.

This zone contains brecciated adularia-quartz veining in a fine-grained mineralization. The company has also intersected 1.73 g/T gold and 276 g/T silver over 0.25 m in hole BE-12-9; 1.25 g/T gold and 144 g/T silver over 0.5 m in hole BE-12-9; and 2.11 g/T gold and 191 g/T silver over 0.2 m in hole BE-12-10.

Silver Spruce observed wide banded adularia-quartz veins, chalcedonic-quartz areas of up to 1 m thickness, and brecciation with related silicification and veining. The occurrence of sinter, adularia and boiling textures has been found in both drill cores of 2011 and 2012, which denote that the mineralized zones identified in the drill core is located adjacent to the paleo surface of a huge epithermal system.

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