NEWS ?Bentons partner just got halted folks
Spruce option partner reviews Great Burnt drilling
2023-11-07 12:48 ET - News Release
Mr. Steve Balch reports
SPRUCE RIDGE RESOURCES LTD. ANNOUNCES INITIAL DRILL RESULTS BY BENTON RESOURCES INC. ON GREAT BURNT OPTION PROPERTY IN NEWFOUNDLAND
Spruce Ridge Resources Ltd. option partner Benton Resources Inc. has received partial assay results from its inaugural drill program at the Great Burnt copper-gold project in Newfoundland. Spruce and Benton have entered into an option agreement (the "Option Agreement") whereby Benton can earn an undivided 70% interest in Spruce's Newfoundland properties (see Spruce press release dated August 16, 2023).
Highlights of the Drill Program
Benton has issued two press releases to date, the initial release (October 16, 2023) and the updated release (November 01, 2023). Highlights include:
Four drillholes initially completed (GB-23-01 to GB-23-04) with all four holes intersecting significant chalcopyrite mineralization;
GB-23-01 intersected 4.13% Cu over 3.25 m from 69.05 to 72.30 m and 8.01% Cu over 4.30 m from 82.8 to 87.1 m;
GB-23-02 intersected 8.31% Cu over 13.0 m from 161.89 to 174.89 m;
Additional seven drillholes completed with all holes intersecting significant chalcopyrite mineralization;
Remaining assay results pending;
Drilling extends along 350 m strike length;