Spruce Ridge Announces Encouraging Preliminary Results from Mineralogical Studies on the Crawford Property Crawford Nickel – Cobalt Project
Spruce Ridge Resources Ltd.
7735 Leslie Road West, Puslinch, ON N0B 2J0
Telephone (519) 822-5904; Fax (519) 823-5090
Spruce Ridge Announces Encouraging Preliminary Results from Mineralogical
Studies on the Crawford Property
Crawford Nickel – Cobalt Project
Spruce Ridge Resources Ltd. (TSX-V SHL) - (“Spruce Ridge” or the “Company”) is pleased to announce the results of
mineralogical studies on drill core samples from the Company’s Crawford project near Timmins, Ontario (see Figure
1). The recent 1,818-metre, 4 -hole drill program resulted in wide intersections of up to 558 metres of serpentinized
peridotite and dunite with consistent concentrations of nickel, cobalt, palladium and platinum (see news release of
March 1st, 2019).
Twelve samples of drill core were selected from 1.5- metre analyzed intervals, to cover a range of nickel, cobalt and
palladium contents as well as differing degrees of serpentinization and a range of sul phur contents. Polished thin
sections were made from the core samples and were examined under reflected-light microscope and a scanning
electron microscope (SEM), which provided chemical analyses of individual mineral grains to aid in their identification.
The following minerals were identified as carrying most of the nickel and cobalt (in order of decreasing abundance):
pentlandite (nickel-iron sulphide), heazlewoodite (nickel sulphide), awaruite (nickel -iron alloy) and minor godlevskite
(nickel sulphide with minor iron). The pentlandite, which dominates the sulphide mineral assemblage, typically contains
between 3% and 4% of cobalt by weight. Grain size varies from 5 to 100 microns, with most of the cobaltiferous
pentlandite being in the coarsest fraction.
Also noted in small quantities, were an unknown cobalt -nickel-iron sulphide mineral and an unknown copper -iron-
palladium-platinum oxide mineral with the approximate composition 40% Cu, 15% Pd and 1% Pt.
In addition to the mineralogical identification, additional analysis was performed on pulps of the 12 core intervals from
which the mineralogy samples were taken. The original multi-element analysis was performed by ICP-OES on samples
prepared by sodium peroxide fusion, which digests the entire rock to give total concentrations of the analyzed elements.
The new analysis was also done by ICP-OES on samples digested in aqua regia, which will dissolve sulphides, oxides
and metallic minerals but will not have an effect on silicate minerals like the olivine which originally contained most of
the nickel and associated metals, or the serpentine that formed during low-temperature alteration of the rock. The aqua
regia analyses give an estimate of the percentages of nickel and cobalt that were “liberated” during serpentinization.
The following table gives the original peroxide fusion-ICP and the aqua regia-ICP analyses of nickel and cobalt, and
the percent of “liberation”. The reader is cautioned that not all the “liberated” metals would be recoverable bec ause
some of them are in very fine mineral grains.
DDH No. From To Length
(m)
Co fus
ppm
Co AR
ppm
Percent
Liberated
Ni %
FUS
Ni %
AR-ICP
Percent
Liberated
S %
FUS
CR18-01 165.0 166.5 1.5 240 193 80% 0.669 0.431 64% 0.28
CR18-01 238.5 240.0 1.5 120 105 88% 0.297 0.203 68% 0.02
CR18-01 243.0 244.5 1.5 170 149 88% 0.487 0.332 68% 0.15
CR18-01 286.5 288.0 1.5 150 130 87% 0.345 0.232 67% 0.18
CR18-01 423.0 424.5 1.5 120 85 71% 0.317 0.203 64% 0.03
CR18-01 588.0 589.5 1.5 110 87 79% 0.272 0.178 65% 0.01
CR18-03 508.5 510.0 1.5 140 108 77% 0.332 0.217 65% 0.01
CR18-03 535.5 537.0 1.5 140 109 78% 0.337 0.227 67% 0.07
CR18-03 594.0 595.5 1.5 150 110 73% 0.349 0.205 59% 0.05
CR18-04 165.0 166.5 1.5 120 52 43% 0.182 0.050 27% < 0.01
CR18-04 216.0 217.5 1.5 260 206 79% 0.647 0.423 65% 0.60
CR18-04 337.5 339.0 1.5 130 103 79% 0.427 0.275 64% 0.20
Mean Co
liberation 77% Mean Ni
liberation 62%
PRESS RELEASE 2019-05 June 11, 2019
Mr. Ryan stated “We are very encouraged by these preliminary results which suggest that a significant portion of the
metals contained in this deposit may be recoverable by conventional metallurgical processes. We will continue to
explore and evaluate the Crawford ultramafic complex, which is 3.8 kilometres long and 1.9 kilometres wide. So far,
we have barely scratched the surface.”
Figure 1
Future plans for the Crawford project include additional drilling to assess the dimensions of the mineralized zone, and
additional metallurgical tests to determine how much of the nickel and associated metals are recoverable by standard
methods.
Spruce Ridge and its joint-venture partner, a group of private investors, have the option to earn up to 75 percent interest
in 2,000 hectares of the Crawford project from Noble Mineral Exploration Ltd.
Technical material in this news release has been prepared and/or reviewed by Colin Bowdidge, Ph.D., P.Geo., a
Qualified Person as defined in National Instrument 43-101. Analyses quote d in this news release were performed by
Activation Laboratories Ltd. (“ActLabs”) in their Timmins and Ancaster facilities.
About Spruce Ridge Resources Ltd.
Spruce Ridge holds a 100% interest in the Great Burnt Copper -Gold Property in Central Newfoundland which covers
a series of copper ± gold rich VMS deposits. Spruce Ridge and its joint venture partner, a private investor group, are
currently drilling magnetic and EM anomalies in a complex of ultramafic and mafic int rusive rocks that have been
interpreted as prospective for nickel mineralization, on the optioned Crawford property 45 kilometres north of Timmins,
Ontario. In 2015, Spruce Ridge optioned its Viking/Kramer gold properties in Western Newfoundland to Anacon da
Mining Inc. The Company also has a 50% joint venture with Americas Silver Corporation on property that contains
tailings with low grade gold and silver from the Drumlummon Mine in Montana.
For further information please contact:
John Ryan, President and CEO
Spruce Ridge Resources Ltd.
Phone: 519-822-5904
Email: [email protected]
Cautionary Statement
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or ot her
regulatory authority has approved or disapproved the information contained herein.
The foregoing information may contain forward-looking statements relating to the future performance of Spruce Ridge Resources Ltd.
Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties , and
actual results may differ materially from the Company’s plans and expectations. These plans, expectations, risks and uncertainties
are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators.
Spruce Ridge Resources Ltd. does not assume any obligation to update or revise its forward-looking statements, whether as a result
of new information, future events or otherwise.