Wide Zone of Uranium Mineralization Discovered at Two Time Zone.Highlights ----------- Higher grade values to 0.13% U3O8 over 1.6m, 0.28% U3O8 over 0.2m - Wide zone of shallow uranium mineralization - up to 82m of 0.021% U3O8 BRIDGEWATER, NS and VANCOUVER, Jan. 30 /PRNewswire-FirstCall/ -- Silver Spruce Resources Inc. (TSXV: SSE (1) An earlier full-screen editor in OS/2. (2) (Streaming SIMD Extensions) A series of additional instructions built into Pentium CPU chips for improved multimedia performance by performing mathematical operations on multiple sets of data at the ) and Universal Uranium Ltd. (TSXV: UUL UUL Uppsala University Library (Finland) UUL Unlimited User License ) are pleased to announce that further analysis of drill core from the Two Time showing, located on the CMBNW claim block east of Snegamook Lake Snegamook Lake is a medium sized lake in central Labrador (in the Canadian province of Newfoundland and Labrador). The lake lies within the easternmost part of the Canadian Shield and is about 22 km long, 7 km wide, at elevation 130 m asl and is located at in Labrador, has defined a wide zone of low grade uranium mineralization in three of five holes. The best mineralization was located in DDH DDH Decision Diffie-Hellman DDH Developmental Dysplasia of Hip DDH Dorothy Day House DDH Document Drafting Handbook DDH Dublin Dental Hospital DDH Destroyer-Carrying Helicopter DDH Dissociated Double Hypertropia CMB-06-3, which gave 82.4m of 0.021% uranium oxide Uranium oxide is an oxide of the element uranium. The metal uranium forms several oxides:
adj. Containing a group of light-colored silicate minerals that occur in igneous rocks. [fel(dspar) + s(ilica) + -ic. intrusive, carrying extensive chlorite chlorite Widespread group of layer silicate minerals composed of hydrous aluminum silicates, usually of magnesium and iron. The name, from the Greek for “green,” refers to chlorite's typical colour. , carbonate and hematite hematite (hĕm`ətīt), mineral, an oxide of iron, Fe2O3, containing about 70% metal, occurring in nature in red to reddish-brown earthy masses and in steel-gray to black crystalline forms. alteration. The zone extends over a 175m length from Line 1+25 N where CMB-06-2 gave 71.5m of 0.015% U3O8 from 90m to 161.5m to Line 0+50 S, where CMB-06-5 gave 59.2 m of 0.024% U3O8 from 44m to 103.2m. It remains open to the south and appears to narrow to the north, where CMB-06-1 gave 15.8m of 0.033% U3O8 from 41.7m to 57.5m including 0.28% U3O8 over 0.2m from 42.9 to 43.1m. The better mineralization is located in the southern portion of the grid where anomalous soil geochemistry indicates the zone may continue under a small pond. A total of five shallow holes at -45 degrees dip, totaling 812m, tested the zone. "We are pleased with these continuing results which indicate that an extensive and strong uranium mineralized system exists on the property," states Lloyd Hillier, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Silver Spruce Resources. "Further work is definitely warranted to evaluate this newly discovered zone which remains open." The drilling targeted an anomalous radioactive zone, the Two Time Zone, covering an area of 300 meters by 50 meters. The locations of the drill holes and selected analytical values for the sections sampled are shown in Table 1 attached. A plan map of the drilling is shown on Silver Spruce's and Universal Uranium's websites. Further follow up by diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral is planned as soon as permits are received, thought to be by the end of January. The drill remains on site and the fully winterized camp can be reactivated on short notice. Core samples were halved by sawing, with one half sent for analysis and the other half retained for further study. Analyses were performed by Activation Laboratories in Ancaster, Ontario Ancaster is a suburban community southwest of Hamilton, Ontario, with which it amalgamated in 2001. Geography, economy and population Ancaster is the most westerly portion of the Golden Horseshoe conurbation of southern Ontario. , an approved, accredited laboratory, using the delayed neutron activation Neutron activation is the process in which neutron radiation induces radioactivity in materials, and occurs when nuclei capture free neutrons, becoming heavier and entering excited states. technique, which gives accurate results for samples carrying up to one percent uranium.
TABLE 1
ANALYTICAL RESULTS
Diamond Drilling - CMBNW Property - Two Time Showing
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lbs/ton
DDH # From To Length %U3O8 U3O8
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CMB-06-1 41.7 57.5 15.8 0.0326 0.65
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incl. 41.7 44.8 3.1 0.0494 0.99
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incl. 42.9 43.1 0.2 0.14 2.8
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incl. 51.3 53.3 2.0 0.0546 1.09
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CMB-06-2 90.0 161.5 71.5 0.0148 0.30
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" 126.2 126.6 0.4 0.104 2.08
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" 136.1 139.9 3.8 0.0394 0.79
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CMB-06-3 83.5 165.9 82.4 0.0211 0.42
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" incl. 83.5 107.5 24.0 0.0404 0.81
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" incl. 86.8 93.7 6.9 0.0561 1.12
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" 100.8 102.4 1.6 0.13 2.6
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" 106.1 107.5 1.4 0.13 2.6
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" 159.8 161.9 2.1 0.0766 1.53
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CMB-06-4 No Samples Taken
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CMB-06-5 44.0 103.2 59.2 0.0238 0.48
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" 46.0 56.0 10.0 0.0417 0.83
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" 97.2 97.5 0.3 0.1639 3.28
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All core showing significant scintillometer values has been cut and
analyzed. No samples were taken from CMB-06-4 since scintillometer values
were low and felsic/mafic units were interfingered although sampling is
planned. The orientation of the zone and therefore the true width of the
drill intersections remains unknown.
This release has been approved by Peter Dimmell, P.Geo., Vice President of Exploration, Silver Spruce Resources Inc., who is a Qualified Person (QP) as defined in National Instrument 43-101. ABOUT THE CMB Noun 1. CMB - (cosmology) the cooled remnant of the hot big bang that fills the entire universe and can be observed today with an average temperature of about 2. NORTHWEST 2 PROPERTY The CMB northwest block is part of the Silver Spruce/Universal Uranium CMB/Seal Lake joint venture previously announced. ABOUT SILVER SPRUCE Silver Spruce Resources Inc. (TSXV: SSE) is a junior exploration company primarily focused on uranium in the Central Mineral Belt (CMB) of Labrador, Canada. With over 8,500 claims totaling more than 2,100 square kilometers, Silver Spruce is the second largest landholder in one of the world's premier emerging uranium districts. A large-scale exploration program on the company's properties in the summer of 2006 resulted in the first uranium discovery in October in early stage follow up of the airborne surveys. With experienced partners and strong financial backing, Silver Spruce is emerging as a leading uranium explorer in Labrador. ABOUT UNIVERSAL URANIUM Universal Uranium Ltd. (TSXV:UUL) is a publicly held Canadian uranium exploration company focused on acquiring, exploring and developing uranium properties located in favorable geo-political climates. The Company is led by a highly skilled, experienced board and management team with significant successes in managing early stage mineral exploration companies.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
The Company seeks Safe Harbour.
CONTACT: SILVER SPRUCE RESOURCES, Head Office, Gordon Barnhill, CFO See Chief Financial Officer. & Director, Phone: (902) 527-5700, Fax: (902) 527-5711, E-mail: gbarnhill@silverspruceresources.com, Web: http://www.silverspruceresources.com/; Investor Relations Investor relations The process by which the corporation communicates with its investors. , Keir Reynolds, Ascenta Capital Partners Inc., Phone: (604) 684-4743 ext. 231, Toll Free: 1-866-684-4743 ext. 231, E-mail: keir@ascentacapital.com, Web: http://www.ascentacapital.com/; UNIVERSAL URANIUM, HEAD OFFICE:, Clive Massey, CEO & Director, Communications, Phone: (604) 662-3903, Fax: (604) 662-3904, Email: cmassey@universaluranium.com; INVESTOR RELATIONS, Bill Galine, Director of Corporate, Phone: (604) 662-3903 ext 106, E-mail: bgaline@universaluranium.com, Web: http://www.universaluranium.com/ CONTACT: SILVER SPRUCE RESOURCES, Head Office, Gordon Barnhill, CFO & Director, Phone: (902) 527-5700, Fax: (902) 527-5711, E-mail: gbarnhill@silverspruceresources.com, Web: http://www.silverspruceresources.com/; Investor Relations, Keir Reynolds, Ascenta Capital Partners Inc., Phone: (604) 684-4743 ext. 231, Toll Free: 1-866-684-4743 ext. 231, E-mail: keir@ascentacapital.com, Web: http://www.ascentacapital.com/; UNIVERSAL URANIUM, HEAD OFFICE:, Clive Massey, CEO & Director, Communications, Phone: (604) 662-3903, Fax: (604) 662-3904, Email: cmassey@universaluranium.com; INVESTOR RELATIONS, Bill Galine, Director of Corporate, Phone: (604) 662-3903 ext 106, E-mail: bgaline@universaluranium.com, Web: http://www.universaluranium.com/ |
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