Resource World Article...Someone posted this on another board... Nice article...
https://twitter.com/SpruceRidgeLtd/status/1432739467148898308 Some notable takeaways notwithstanding Great Burnt copper focus and idle Teck mill...
"Meanwhile, work has begun on the access trail from Great Burnt zone to South Pond B Gold Zone and continue on to the South Pond A Copper/Gold Zone. Once the trail reaches the South Pond B Gold Zone, drill sites will be cleared and drilling will commence.
Spruce Ridge CEO John Ryan said the decision was prompted by recent discoveries by New Found Gold Corp. [NFG-TSXV] and others. He said the discoveries have highlighted the potential of the Paleozoic sedimentary and intrusive rocks of Central Newfoundland to host substantial zones of high-grade gold."
AND...
"The company expects to generate positive cash flow from the recently acquired oil and gas wells in southwestern Saskatchewan from Repsol Canada Energy Partnership
The company said current crude prices will allow it to start producing from five to seven oil wells with relatively low start-up costs."
AND...
"Spruce Ridge has retained ground in the Crawford Twp area which feature a number of geophysically- defined targets with potential for VMS and gold mineralization.
Proximity to Glencore’s Kidd Creek zinc-copper-silver mine, one of the world’s largest VMS deposits at 100 million tonnes plus enhance the prospectivity of the Crawford Twp area, the company has said.
Spruce Ridge has formed a joint venture with a private group of knowledgeable mining investors to explore VMS and gold targets on its Crawford Twp property."