Infill Drilling Program Of The Great Burnt Main Zone

PUSLINCH, ON  - Spruce Ridge Resources Ltd. reported assay results of a second hole - GB20-20 - of the recently completed 3,100-meter infill drilling program of the Great Burnt Main Zone copper deposit on the wholly-owned Great Burnt project in central Newfoundland. Hole GB20-20, like hole GB20-05, was selected for rush assaying because of the presence of massive to semi-massive chalcopyrite. The averages for GB20-20 are: 22.75 meters of 6.89% Cu, 0.79% Zn and 0.05 g/t Au, including 12.55 meters of 10.59% Cu, 1.27% Zn and 0.07 g/t Au, which in turn included 1.50 meters of 18.15% Cu, 1.98% Zn and 0.04 g/t Au. The GB20-20 intercept is 187 meters north and 108 meters higher than the previously reported intercept in hole GB20-05.

CEO, John Ryan, said, “This second high-grade intercept tends to confirm our suspicion that historical drilling of the Great Burnt deposit in the 1960s may have understated the copper grades due to poor core recovery in the sulphide zone.

The zinc assays from GB20-20, although on the low side for VMS mineralization, are also unusually high for this deposit. Most of the 1960s-vintage drill holes were not assayed for zinc, and there are insufficient recent (post-2001) drill holes to estimate an overall zinc grade distribution. True widths for this drill hole are estimated at between 50% and 60% of the core lengths.”