("Spruce Ridge”) (SHL: TSXV) reports that it hasbegun exploration at the Kramer gold property in western Newfoundland. The Kramer property is targeting
mesothermal style gold bearing quartz veins and stockworks hosted by deformed Precambrian granites and overlying
metasedimentary rocks. Current exploration will focus on the historical gold in soil geochemical anomalies
surrounding the Kramer showing that extends over several square kilometres as well as extend the limits of alteration
and mineralization drill tested by Spruce Ridge in early 2010. Work will include prospecting, guided in part by an
airborne magnetic survey which identified a series of fault structures that may control mineralization, mapping where
outcrop permits, and further geochemical analysis of soils and rocks. Drilling will follow as targets are identified. The
Spruce Ridge property is contiguous with, and surrounds on three sides, including both the northern and southern
strike extensions of Northern Abitibi Mining Corp’s Viking Property, where active exploration continues to identify
significant Precambrian granite hosted gold mineralization at the Thor Zone including drill intercepts of 27 metres
grading 7.9 g/t Au (Northern Abitibi website). The Thor zone lies less than one kilometre southwest of Spruce Ridge’s
Kramer zone.
The Kramer zone is hosted within a geological setting directly comparable to other known gold deposits in the rapidly
emerging White Bay district of Western Newfoundland. The mineralization at Kramer was discovered during the 2009
construction of an access road to the adjoining Viking property whereby workers uncovered an alteration zone at least
30 metres wide in Precambrian granite hosting quartz-sulphide stockwork and locally carrying fine visible gold.
Subsequent trenching and rock sampling verified the existence of a broad zone of alteration and stockwork
quartz/sulphide veins, stringers and fracture fillings that returned grab sample assays ranging up to 49.78 grams per
tonne gold (g/t Au) with 41 grams per tonne silver. Surface sampling also identified significant gold mineralization in
mineralized quartzite collected near the granite contact. A grab sample assay from pyrite rich quartzite returned 33.17
g/t Au.
In late winter 2010, Spruce Ridge completed a six hole 600 metre reconnaissance drill program designed to test the
continuity of surface mineralization identified by road construction in early 2009. Five of the six holes returned
anomalous gold values highlighted by 7.20 metres (from 35.70 metres) of quartzite hosted mineralization averaging
0.39 g/t Au from KR-10-5. Narrower higher grade intercepts include 3.69 g/t Au over 0.20 metres from KR-10-01. The
presence of potentially significant copper mineralization was identified by limited ICP analysis (completed only on KR-
10-01) which returned (from surface) 12.3 metres grading 0.052% copper, and a second zone (from 25.20 metres) of
7.20 metres grading 0.10% copper. The drilling program successfully established the presence of a potentially
significant zone of intrusion hosted mineralization although the program only tested a small area adjacent to the
access road and remains open.
Spruce Ridge has entered into an option agreement with Metals Creek Resources Corp. to acquire 100% interest in 8
claim units on License 09074M which is contiguous with the Kramer property and which covers the southern strike
extent of Northern Abitibi’s Thor Zone. To earn 100% interest Spruce Ridge will issue 250,000 common shares with
125,000 shares to be issued on signing of the agreement and an additional 125,000 shares one year later. Metals
Creek will retain a 2% NSR on any precious metals and a 100% interest in the base metal potential.