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Spruce Ridge Resources Ltd.

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Summary

Project:

Crawford

Deposit:Crawford
Location:Canada
Commodities:Cobalt-Nickel
Date:6/11/2019
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:11-6-2019: Spruce Ridge Resources Ltd. announces an Exploration/Drilling Update report for its Crawford deposit at the Crawford project. Mineralogical studies from recent drilling programme. Spruce Ridge Resources Ltd. (TSX-V SHL) - (“Spruce Ridge” or the
Resources:x
CP/QP:[Overall Report]: Colin Bowdidge (Internal)
ABSTRACT: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 sulphur 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-ironpalladium-platinum oxide mineral with the approximate composition 40% Cu, 15% Pd and 1% Pt.

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