Spruce Ridge Resources (SHL-V) begins diamond drilling at Fletcher - One to watch!
April 10, 2013 - News Release
Diamond drilling has begun on the epithermal target at Spruce Ridge Resources Ltd.'s Fletcher Junction gold property in the Walker Lane area, Mineral county, Nevada. Drill hole FJ15 will be drilled to a planned depth of 600 metres at an angle of 60 degrees to intersect the target zone, believed to be a potentially mineralized fault structure, which is covered by an estimated 250 metres of alluvium. Geochemical analyses from the first hole of the current program (FJ14) indicated anomalous to highly anomalous values in silver, arsenic, antimony, mercury and molybdenum, all of which are considered to be pathfinder elements that point to active gold-bearing hydrothermal systems. Both the alteration and the geochemical anomalies are of the type that are typically found within a few hundred metres of numerous epithermal gold deposits located in the adjacent region and elsewhere in Nevada, like Aurora, Bodie, Comstock, Sleeper and Midas. The target is defined by a zone of low resistivity detected by inversion of VTEM(R) airborne survey data, as well as by a linear cluster of anomalous gold contents in groundwater samples from natural springs and previous reverse circulation drill holes.
Technical information in this news release has been prepared and/or reviewed by Colin Bowdidge, PhD, PGeo, a qualified person as defined in NI 43-101 and a director of the company.
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