Spruce Ridge Resources Ltd. is pleased to announce that the Company has received the results of an updated Mineral Resource Estimate for the Great Burnt Copper and Gold Property in Central Newfoundland, that incorporates the results of the 2020 diamond drilling program on the Great Burnt Main Zone. The Mineral Resource Estimate was prepared by P&E [...]
Spruce Ridge Resources Ltd. is pleased to announce that it has an agreement to purchase certain mineral leases with petroleum and natural gas rights, plus oil and gas wells, pipelines and facilities in the Unity area of southwestern Saskatchewan from Repsol Canada Energy Partnership. Included in the purchase are 793 ha of petroleum and natural gas [...]
Spruce Ridge Resources Ltd. is pleased to provide a summary of progress towards a Preliminary Economic Assessment of the Great Burnt Copper Deposit in central Newfoundland. The PEA, which is being undertaken by P&E Mining Consultants Inc., will include an updated Mineral Resource Estimate and incorporate the results of metallurgical testing, and is [...]
Spruce Ridge Resources Ltd. is pleased to announce final assay and analysis results from the 2020 diamond drilling program on the Great Burnt copper deposit in Central Newfoundland. A total of 3,114 metres were drilled in 22 holes. The table below gives weighted averages for the mineralized intersections in each hole. Assays for drill holes GB20-05 [...]
Spruce Ridge Resources Ltd. is pleased to announce that it has formed a joint venture with a private group of knowledgeable mining investors to explore VMS and gold targets on its Crawford Township property . Crawford Township is located within the Abitibi Clay Belt where clay and till cover average 30m. There is very little outcrop of geology and [...]
Spruce Ridge Resources Ltd. announces that it has received approval from the TSX Venture Exchange to close its non-brokered private placement of flow-through shares . The Company will issue 11,546,142 flow-through shares at $0.14 per share for total proceeds of $1,616,460. The flow-through shares will entitle the holder to receive the tax benefits [...]
Spruce Ridge Resources Ltd. is pleased to report the value of its marketable securities as at market close on Friday February 19, 2021. Closing Share Shares Price Market Owned 19-Feb-21 Value Canada Nickel Company 8,100,000 3.85 $ 31,185,000.00 Noble Mineral Exploration 10,000,000 0.17 1,700,000.00 Magna Terra Minerals 76,126 0.17 12,941.42 [...]
Spruce Ridge Resources Ltd. is pleased to announce the value of its marketable securities as at market close on Friday February 12, 2021. Closing Share Shares Price Market Owned 12-Feb-21 Value Canada Nickel Company 8,100,000 3.220 $ 26,082,000.00 Noble Mineral Exploration 10,000,000 0.130 1,300,000.00 Magna Terra Minerals 76,126 0.185 14,083.31 [...]
Spruce Ridge Resources Ltd. is pleased to announce receipt of $75,000 anniversary option payment from Magna Terra Minerals Inc. . Spruce Ridge entered into an Amended Option Agreement for both the Viking and Kramer properties with Magna Terra . The Viking and Kramer Properties form part of the larger Viking and Great Northern Projects near the [...]
Spruce Ridge Resources Ltd. is pleased to announce that it has closed the final tranche of its previously announced non-brokered private placement of flow-through shares for gross proceeds of $1,006,640 consisting of 7,189,000 Flow-Through shares at a price of $0.14 per share. The total amount raised was $1,616,640. In connection with the final [...]
Spruce Ridge Resources Ltd. announces that the Company intends to complete a non-brokered private placement of flow-through shares . The flow-through shares are priced at $0.14 per flow-through share for gross proceeds of up to $1,400,000 . The Company also announces the first tranche closing of $610,000 and issuing 4,357,142 flow through shares [...]
Spruce Ridge Resources Ltd. is pleased to announce the results of its 2020 Annual general of shareholders held on December 30, 2020. Results of the Meeting At the Meeting, the shareholders: Approved the election of the directors proposed by management of the Company, namely: Marc Askenasi, Colin Bowdidge, Michael Dehn, Zoran Popovic and John Ryan [...]