Spruce Ridge Resources announces it has closed the first tranche of its previously announced private placement dated May 9, 2016 for aggregate proceeds of $200,000 and issued 4,000,000 units priced at $0.05 per Unit with each Unit consisting of one common share in the capital of the Company and one common share purchase warrant. Each whole warrant [...]
Spruce Ridge Resources announces it has established an independent special strategic committee. The SSC is mandated to evaluate strategic alternatives regarding the Company’s Great Burnt Copper/Gold project located in central Newfoundland, to deliver recommendations to the Board, and to negotiate potential transactions which may materialize and [...]
Wellington County, Ontario (FSCwire) - Spruce Ridge Resources Ltd. (TSXV: SHL) ("Spruce Ridge”) - During its late-winter exploratory diamond drilling program on the Great Burnt property in central Newfoundland, Spruce Ridge drilled four holes into the Main Zone of the Great Burnt Copper Deposit to obtain core for bench-scale metallurgical [...]
Spruce Ridge Resources announces that it has closed a private placement for 10,000,000 million units at $0.02 per share for gross proceeds of $200,000. Each Unit consists of one common share at two cents per common share and one full warrant to acquire one additional common share of the Company at $0.10 per share for a period of five years from [...]
Spruce Ridge Resources is pleased to announce that it has commenced diamond drilling operations at the 100% owned Great Burnt – South Pond copper-gold project which covers a series of copper ± gold rich VMS deposits in south-central Newfoundland. The Property is host to NI 43-101 compliant mineral resources including Indicated Resources of 442,000 [...]
Spruce Ridge Resources is pleased to announce that it has entered into an option agreement with Anaconda Mining Inc., to sell the Viking and Kramer gold properties in Western Newfoundland. The Viking Agreement: To earn 100% interest in Viking, Anaconda is required to make aggregate payments to Spruce Ridge of $300,000 over a five-year term based on [...]
Spruce Ridge Resources is pleased to announce positive due diligence sampling results from the South Pond “A” Zone on the 100% owned Great Burnt Lake Property in Central Newfoundland. The South Pond “A” Zone or Copper Deposit is located 10 kilometres north of the Great Burnt Copper Deposit and has been delineated over a northeasterly strike length [...]
Spruce Ridge is pleased to announce further to our announcement dated February 27, 2015 that it has acquired 100% interest in the Great Burnt Copper Property in Central Newfoundland from Pavey Ark Minerals, subject to regulatory approval. The Great Burnt Copper Property consists of one mining lease and 5 mineral exploration licences (156 contiguous [...]
Spruce Ridge Resources is pleased to announce that it has executed a letter of intent on an option agreement to acquire a 100% interest in the Great Burnt Copper Property in Central Newfoundland from Pavey Ark Minerals. The Great Burnt Copper Property consists of one mining lease and 5 mineral exploration licences (156 contiguous claim units) with [...]
