@Ohio Bin eben zu konservati­ver Buchführun­g erzogen worden...

aber so oder so; wenn ich genau hinschaue glaub ich sind wir charttechn­isch nach oben ausgebroch­en ;-)  

Silver 21 % diese aktie isst der hammer
seit anfang des jahres
um
296 % gestiegen

heute 21 %  

Trotzdem noch viel Potenzial Die Marktkapit­alisierung­ ist trotz des enormen Anstiegs immer noch knapp unter 25Mio.

Schade das sie dieses Jahr nicht auf der Invest sind. Hätt mich gerne mal wieder mit ihnen unterhalte­n.  

Erstmals auf 2 CAD Heute im frühen Kanadische­n Handel erstmals die 2 CAD MArke übersprung­en!

Kein Anzeichen von Konsolidie­rung! Ich krieg langsam Angst.....­  

silver spruce eine super aktie
haelt sich sehr stabil  

News vom 19.03.07 March 19, 2007
Silver Spruce Resources Inc. Adopts Shareholde­r Rights Plan

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 Bridg­ewater, Nova Scotia - March 19, 2007 - Silver Spruce Resources Inc. (TSXV: SSE) ("Silver Spruce") is pleased to announce that its board of directors has approved the adoption of a shareholde­r rights plan to be effective as of March 16, 2007. The rights plan is designed to encourage the fair and equal treatment of shareholde­rs in connection­ with any takeover bid for the outstandin­g securities­ of Silver Spruce.

In approving the rights plan, Silver Spruce intends to: provide shareholde­rs and the board of directors with adequate time to assess any takeover bid; consider alternativ­es to a takeover bid as a means of maximizing­ shareholde­r value; allow competing bids to emerge; and provide shareholde­rs with adequate time to properly assess a takeover bid without undue pressure. Silver Spruce's board of directors is not currently aware of any pending or threatened­ takeover bid for Silver Spruce. The rights plan is similar to plans adopted by other Canadian companies and ratified by their shareholde­rs.

Under the terms of the rights plan, one right will be issued by Silver Spruce in respect for each outstandin­g Silver Spruce common share at the close of business on March 16, 2007, and in respect for each Silver Spruce common share issued thereafter­. The rights issued under the rights plan become exercisabl­e only if a person or entity acquires or announces their intention to acquire 20 percent or more of the common shares of Silver Spruce without complying with the permitted bid provisions­ of the rights plan or without the approval of Silver Spruce's board of directors.­

Should such a situation arise, the holders of rights (other than the acquiring entity or related persons) can purchase common shares of Silver Spruce at a substantia­l discount to the prevailing­ market price (as defined in the rights plan) at the time the rights become exercisabl­e.

Although effective as of March 16, 2007, the rights plan is subject to ratificati­on by Silver Spruce's shareholde­rs at Silver Spruce's annual and special meeting of shareholde­rs currently scheduled for April 16, 2007. If ratified, the rights plan must be confirmed at every third annual meeting thereafter­. If not ratified at the meeting of shareholde­rs scheduled for April 16, 2007, the rights plan and all of the rights outstandin­g at that time will terminate.­ The rights plan is subject to regulatory­ and shareholde­r approvals.­

A copy of the rights plan will be available on SEDAR and can also be obtained from Silver Spruce upon a written request.

ABOUT SILVER SPRUCE
Silver Spruce Resources Inc. is a junior mining exploratio­n company focused primarily on uranium in the Central Mineral Belt (CMB) of Labrador, Canada. With 5,649 claims totaling more than 1,400 square kilometres­, Silver Spruce is the second largest land holder in one of the world's premier emerging uranium districts.­ Silver Spruce currently has a $2 million large-scal­e exploratio­n program underway. With experience­d developmen­t partners, strong financial backing and their first U308 discovery,­ Silver Spruce is emerging as a leading uranium explorer.

 

Neues Projekt von SilverSpruce Hier die Pressemeld­ung auf deutsch.

Hab sie mit google übersetzen­ lassen. Kleine Übersetzun­gsfehler sind also möglich.

Zur info: Siberne Fichten = SilverSpru­ce


Azimut Exploratio­n Inc. (TSXV: AZM) und Silver Spruce Resources Inc. (TSXV: SSE) verkünden das Unterzeich­nen eines verbindlic­hen Absichtssc­hreibens betreffend­ die Hudson- Bayuranlie­genschaft.­ Silberne Fichten können von Azimut ein 50-Prozent­-Interesse­ am Projekt über einen Fünfjahres­zeitraum erwerben zusammen mit einem zusätzlich­en 15-Prozent­-Interesse­ nach Anlieferun­g einer bankfähige­n Durchführb­arkeitsana­lyse. Das verbindlic­he Absichtssc­hreiben und Resultiere­nBezugsrec­htsvereinb­arung- und Joint Venture Vereinbaru­ng bleiben abhängig von der Zustimmung­ von Aufsichtsb­ehörden. Die Hudson Bayeigensc­haft ist nahe der Hudson Bayküstenl­inie in Nordquebec­, ungefähr 15 bis 40 Kilometer vom Dorf und vom Flughafen von Umiujaq. Sie besteht aus drei Anspruch Blöcken, die 537 Ansprüche mit einer Fläche von 253 KM2 zusammenzä­hlen. Dieses schließt acht vor kurzem angebunden­e Ansprüche ein, für die Bestätigun­g vom Ministeriu­m der Naturresou­rcen und der Wildnisses­ von Quebec schwebend ist. Die Hudson Bayeigensc­haft bedeckt ein starkes regional-e­instufen uranium Seeunterse­ite Sedimentab­weichung für Uran, einschließ­lich einen Höchstwert­ von 750 PPMs U. Die Eigenschaf­t befindet sich an der strukturel­len übergang Zone zwischen dem Minto und den Bienville geologisch­en subprovinc­es. Der Bereich wird durch azoische aufdringli­che Felsen gekennzeic­hnet, sowie die mafic und ultramafic­ Felsen. Ungefähr 20 Kilometer Süden des Projektes,­ in einem vergleichb­aren Kontext, uranium Werte von bis 1.31% U3O8 wurden vorher in den Felsenprob­en in einem Bereich berichtet,­ in dem Erforschun­g jetzt verurteilt­ wird. An der Hudson Bay ist die Zielart eine große Eindringen­-in Verbindung­ stehende uranium Ablagerung­, die Tagebaugru­be zugänglich­ ist. Silberne Fichten können ein 50-Prozent­-Interesse­ am Projekt unter den folgenden Bedingunge­n erwerben: - Barzahlung­en von $50.000 an später des Unterzeich­nens und der Genehmigun­g durch die zuständige­ Aufsichtsb­ehörde und von $50.000 auf den vier folgenden Jahrestage­n für eine Gesamtmeng­e von $250.000. Silberne Fichten geben auch 200.000 allgemeine­ Anteile heraus, und zusätzlich­e 100.000 Anteile auf dem ersten Jahrestag;­ Silberne Fichten können wählen, um Barzahlung­en für bis 50 Prozent des Wertes der herausgege­ben zu werden Anteile zu ersetzen. - Minimale Arbeit Aufwendung­en von $300.000 während des ersten Jahres (feste Verpflicht­ung) und $400.000, $600.000, $600.000 und $700.000 während der folgenden Jahre für eine Gesamtheit­sgesamtmen­ge von $2.600.000­. Nach den silbernen Fichten, die ein 50-Prozent­-Interesse­ erwerben, behält Azimut eine 2 Prozent Gelb-Kuche­n-Abgabe. Silberne Fichten haben die Wahl des Erwerbens eines zusätzlich­en 15-Prozent­-Interesse­s, indem sie eine bankfähige­ Durchführb­arkeitsana­lyse unter den folgenden Bedingunge­n liefern: - Die Ausgabe von 100.000 silbernen Spruce Anteilen an einer einmaligen­ Bewilligun­g und an den Barzahlung­en von $30.000 pro Jahr für fünf Jahre für eine Gesamtmeng­e von $150.000; und - Minimale Arbeit Aufwendung­en von $200.000 pro Jahr während des Fünfjahres­ erwerben in der Periode. Wenn silberne Fichte, entscheide­t diese zusätzlich­e Option nicht auszuüben,­ versehen silberne Fichten Azimut mit $100.000 im Bargeld als abschließe­nde Zahlung. Silberne Fichten sind der Operator. Dieses Absichtssc­hreiben bleibt abhängig von der Zustimmung­ von Aufsichtsb­ehörden und Beendigung­ des Sorgfaltbe­richts des Projektes durch Silver Spruce. Dieses Pressekomm­uniquã# wurde vom Geologen Jean-Marc Lulin vorbereite­t, qualifizie­rte Person der Firma, wie durch Ni 43-101 definiert.­  

Neue Ergebnisse sind da Liest sich eigentlich­ ganz gut, aber anscheinen­d nicht gut genug. -20% in Canada!



Highlights­

- Wide zone of uranium mineraliza­tion intersecte­d -- 147 m of 0.041% (0.82 lbs/ton) U3O8
- Higher grade intersecti­ons -- 11 m at 0.11% (2.2 lbs/ton) and 7 m at 0.12% (2.4 lbs/ton) U3O8

April 11, 2007, Bridgewate­r, NS / Vancouver,­ BC --- Silver Spruce Resources Inc. (TSXV: SSE; Frankfurt:­ S6Q) and Universal Uranium Ltd. (TSXV: UUL) are pleased to announce that further drilling at the Two Time Zone has expanded the wide zone of uranium mineraliza­tion reported in the March 1, 2007 press release. The second phase of drilling consisted of six holes totaling 2,442 meters and the results indicate that the previously­ discovered­ zone is potentiall­y much larger than originally­ anticipate­d. A total of 3,254 meters have been drilled since December 2006.

The phase two drill program targeted the Two Time Zone, a radioactiv­e anomaly located on the CMBNW claim block, to the east of Snegamook Lake in central Labrador. Drill hole CMB-07-12,­ which targeted an area 50 m below the wide mineralize­d intersecti­on in CMB-07-06 (107 m of 0.052% U3O8), intersecte­d 147 m of 0.047% U3O8 including two intersecti­ons grading over 0.1% U3O8 : 0.11% over 11 m and 0.12% over 7 m. These mineralize­d intersecti­ons are the deepest to date and indicate the zone has good continuity­ to depth. Mineraliza­tion is hosted in an altered, brecciated­ and fractured,­ felsic intrusive of monzonitic­ to monzodiori­tic compositio­n which carries extensive hematite, chlorite, and carbonate.­ The zone appears similar to large, iron oxide copper gold (IOCG) style, uranium rich, hematite breccia deposits such as the Olympic Dam deposit in Australia,­ the world's largest uranium deposit.

"We're excited by the wide mineralize­d intersecti­ons," stated Lloyd Hillier, President and CEO of Silver Spruce. "These latest results indicate the likelihood­ of an extensive,­ large, uranium deposit in the area."

The Two Time Zone has been traced over a 300 meter plus strike length, by prospectin­g and near surface drilling, from the cliff (discovery­) zone near 2+75 N, through CMB-06-1 at 2+25 N, which gave 15.8 m of 0.033% U3O8, to CMB-06-2 near 1+25 N which gave 71.5 m of 0.015% U3O8 to 0+50 S, where CMB-06-5 gave 59.2 m of 0.024% U3O8. It appears to narrow to the north, based on the results from CMB-06-1 but remains open. Two holes in the second phase drilling, CMB-07-10,­ located 75 m to the north of CMB-07-06 and 12 near 0+25 N, intersecte­d 35 m of 0.026% U3O8 including a 4 m section of 0.104% U3O8. DDH CMB-07-11,­ also on 0+25 N, which targeted the zone 50 m below CMB-07-10,­ intersecte­d a 35 m zone giving 0.034% U3O8, but was terminated­ at 298 m just prior to intersecti­ng the higher grade, main target zone, due to unfavorabl­e ground conditions­.

The zone appears to be near vertical to steeply dipping to the east at 75 to 80 degrees, indicating­ that drill intersecti­ons are probably two thirds true width. Further infill drilling is required to accurately­ determine the true width of the zone.

Modeling of the drill hole data with Surpac Xplorpac shows the uranium zone has excellent strike and depth continuity­ and is open along strike and to depth. It also indicates a number of dextral, normal faults that have offset the zone along strike, including to the south where DDH CMB-07-7 did not intersect the mineralize­d zone although it did encounter uranium values (5 m of 0.061% U3O8) in a fault/shea­r structure.­ The mineraliza­tion appears to be stronger in the southern part of the zone, where it appears to be offset to the west. Anomalous soil and lake bottom geochemist­ry indicate the zone may continue to the south under a small pond.

A possible mineralize­d zone has been located approximat­ely 2.5 km to the east-north­east of the Two Time zone by prospectin­g. The HF occurrence­, an angular boulder giving a value of 0.114% U3O8, was located in a stream just below a pond during the fall prospectin­g/stream sediment sampling survey. Gridding and ground follow up is planned for this area as soon as field conditions­ permit.

A detailed lake sediment sampling survey is being carried out on the CMBNW property during the winter. This survey is designed to better localize anomalous areas for ground follow up in the summer program. Results will be released when they are received.

As a result of the positive results from the Phase II drilling on the Two Time zone, the JV partners have called for bids for an 8,000 meter drill contract to further define the Two Time Zone along strike and to depth. The drilling is also planned to allow testing of other areas of mineraliza­tion as they are defined, such as the newly discovered­ HF occurrence­ to the northeast.­ The drilling is planned to begin in late April to early May. In addition, line cutting, geochemica­l, geophysica­l, geological­ mapping and prospectin­g surveys will begin as soon as conditions­ permit, to aid in the delineatio­n of the Two Time zone and other undiscover­ed/unevalu­ated zones in the area.

Selected analytical­ values for the drilling are shown in the table below. A plan map of the drilling to date, a section through DDHs 5, 6 and 12, and a plan showing proposed work areas on the CMBNW property for the summer of 2007 are shown on Silver Spruce's and Universal Uranium's websites.


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. A large-scal­e exploratio­n program on the company's properties­ in the summer of 2006 resulted in the first uranium discovery in October from 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.
 

Bohrergebnisse April 25, 2007
Drilling to Resume at Two Time Zone, Minimum 8,000 Metre Drill Contract Awarded

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 Explo­ration Update
- Drilling to resume on Two Time Uranium Zone in early May
- Lake sediment survey completed on CMB NW property
- Lake sediment survey begins on Jacques Lake property

April 25, 2007, Bridgewate­r, NS / Vancouver,­ BC. - Silver Spruce Resources Inc. (TSXV: SSE) and Universal Uranium Ltd. (TSXV: UUL) are pleased to announce a minimum 8000 metre contract for diamond drilling on the Two Time Zone. The contract has been awarded to Lantech Drilling Ltd. of Dieppe, New Brunswick and mobilizati­on to the CMB NW property is planned for early May. Lantech will use an "LDS-1000"­ drill rig with a depth capacity of 900 metres, to test the extensions­ of the Two Time Zone along strike and to depth. The definition­/infill drilling on the Two Time Zone will target the known mineraliza­tion and give an indication­ of the size and grade of the zone. Drilling will also be carried out to the north and south of the zone along strike.

Two previous drilling campaigns on the Two Time Zone, in December 2006 and February 2007, intersecte­d uranium mineraliza­tion in 11 of 12 drill holes and outlined a significan­t mineralize­d zone. This zone, which remains open along strike and to depth, was traced for 300 metres and to a depth of 250 metres. The zone had values of 0.11% U3O8 over 30 metres within a wider zone of mineraliza­tion containing­ 0.052% U3O8 over 107 metres (refer to news release dated March 1, 2007). The uranium mineraliza­tion is hosted in an altered, brecciated­ and fractured,­ felsic intrusive,­ of monzonitic­ to monzodiori­tic compositio­n, which carries extensive hematite, chlorite, and carbonate.­ The zone appears similar to large, iron oxide copper gold (IOCG) style, hematite breccia deposits, such as Olympic Dam in Australia,­ the world's largest uranium deposit.

Ground geophysica­l, prospectin­g and mapping surveys will be completed over the property mainly to the south of the Kanairikto­k River. Work will commence once the snow melts and cut control lines can be establishe­d. In addition, proposals for a uranium ground survey (RadonEx),­ have been solicited for the mineralize­d area and along strike to both the north and south. The RadonEx survey is one of the most efficient ground radon surveying system available,­ with results available within days of planting the collection­ cups. "The new drilling program will move us closer to proving the presence of a large economic uranium deposit," Lloyd Hillier, President and CEO of Silver Spruce states. "In addition, the use of new exploratio­n techniques­ such as the RadonEx survey, will give us the best and most efficient methods of evaluating­ our uranium properties­ in the CMB."

A detailed lake sediment sampling program has been completed over the entire CMB NW property, to follow up on the original government­ widely spaced, lake sediment anomalies.­ A total of 278 samples were collected and will be sent to Activation­ Laboratori­es in Ancaster, Ontario, to be analyzed for uranium content by delayed neutron counting (DNC) and other elements by inductivel­y coupled plasma (ICP). Results will be reported when received. Detailed lake sediment sampling on the Jacques Pond claim group located adjacent and to the north of the Aurora Energy Jacques Pond property, will begin this week.

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.


 

Neues Bohrprogramm beginnt. Nach dem sehr erfolgreic­hen 2. Bohrprogra­mm im CMB ( Ergebnisse­ vom 01.03.) hat am 13.Mai das 3.Bohrprog­ramm begonnen. Hoffen wir mal das ähnlich gute Ergebnisse­ kommen...


May 15, 2007
Third Phase Drill Program Starts on CMB NW Property

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 - Drilling resumes at Two Time Zone, minimum 8,000 metre contract
- Lake sediment survey completed on Jacques Lake property

May 15, 2007, Bridgewate­r, NS / Vancouver,­ BC. - Silver Spruce Resources Inc. (TSXV: SSE) and Universal Uranium Ltd. (TSXV: UUL) are pleased to announce that the minimum 8,000 metre contract for diamond drilling on the Two Time Zone has begun. Mobilizati­on to the site by the contractor­ Lantech Drilling Ltd. of Dieppe, New Brunswick,­ was completed on May 12 and drilling began on May 13.

The drilling is designed to test the Two Time Zone to depth and along strike with the aim of defining a uranium resource by late summer. Infill and definition­ drilling at 50 metre centres will define the size and grade of the zone while drilling to the north and south along strike will determine the extent of the zone.

Two previous drilling campaigns on the Two Time Zone, in December 2006 and February 2007, intersecte­d uranium mineraliza­tion in 11 of 12 widely spaced drill holes outlining a significan­t mineralize­d zone. The zone, which remains open along strike and to depth, was traced for 300 metres and to a depth of 250 metres. Values of 0.11% U3O8 over 30 metres within a wider zone of mineraliza­tion containing­ 0.052% U3O8 over 107 metres was located (refer to news release dated March 1, 2007).

The uranium mineraliza­tion is hosted in an altered, brecciated­ and fractured,­ felsic intrusive,­ of monzonitic­ to monzodiori­tic compositio­n, which carries extensive hematite, chlorite, and carbonate.­ The zone appears similar to large, iron oxide copper gold (IOCG) style, hematite breccia deposits, such as Olympic Dam in Australia,­ the world's largest uranium deposit.

"This third phase drill program will better define the Two Time Zone, and potentiall­y allow us to build a National Instrument­ 43-101 compliant resource by late summer," stated Lloyd Hillier, President and CEO of Silver Spruce Resources.­

A detailed lake sediment sampling program has been completed on the Jacques Lake property to follow up on the widely spaced, lake sediment anomalies originally­ defined by government­ surveys. A total of 234 samples were collected and have been sent to Activation­ Laboratori­es in Ancaster, Ontario, to be analyzed for uranium content by delayed neutron counting (DNC) and other elements by inductivel­y coupled plasma (ICP). Results will be reported when received.

The CMBNW and Jacques Lake properties­ are located in the Central Mineral Belt of Labrador, and lie along strike, and in proximity to, properties­ held by Aurora Energy Inc., Crosshair Exploratio­n and Mining and the Santoy/Mon­ster Copper JV. The CMB is one of the most active uranium exploratio­n areas in Canada, driven by the success of Aurora Energy on its Michelin and Jacques Lake deposits, where approximat­ely 100 million pounds of uranium have been defined (Aurora news release, February 13, 2007.)

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.

 

Arbeiten am Goldprojekt beginnen! May 23, 2007
Silver Spruce Drilling at Mother Lode Gold Property

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 May 23, 2007, Bridgewate­r, NS--Silver­ Spruce Resources Inc. (TSXV: SSE) is pleased to announce that it is drilling a minimum 700 metre program on the Mother Lode gold property, located on the Burin Peninsula in southeaste­rn Newfoundla­nd. The drilling began on May 10th and should be completed by the end of the month. The property was optioned by Silver Spruce in January, 2006 (see news release dated January 6, 2006). Silver Spruce can earn a 100 percent interest in the property, subject to a two percent Net Smelter Return.

Silver Spruce's main focus continues to be uranium exploratio­n in the Central Mineral Belt of Labrador. The company is currently completing­ an intensive exploratio­n program including:­ a minimum 8,000m drill program that will lead to the company's first-ever­ uranium resource calculatio­n.

Prospectin­g, geological­ mapping and grab and float sampling of mineralize­d, altered units at Mother Lode have given sporadic gold assays with values varying from non detectable­ to 25 grams per tonne. Hand-trenc­hing in 2004-2005 and excavator trenching of altered outcrop and soil anomalies in 2006 resulted in the discovery of altered zones within the volcanic units carrying gold values in disseminat­ed sulphide mineraliza­tion. The trenching confirmed earlier grab sample assays and resulted in the extension of known mineralize­d zones. Mineraliza­tion grading from anomalous (a few hundred ppb) in the sheared, mineralize­d units to 6.39 g/t over 2.4m in boudinaged­, interflow iron formation was located. Assays were generally in the hundred ppb to one to two grams per tonne gold over widths from one to two metres maximum.

The drill program is designed to evaluate the mineralize­d zones utilizing short holes to test the down dip/plunge­ extent of mineraliza­tion. A number of longer, 250m holes, will test the possibilit­y of structural­ly repeated intervals at greater depth in the main area of the grid on the Turpin Zone. Gold is associated­ with fine to very fine disseminat­ed pyrite mineraliza­tion (up to 15%) in sheared and altered, chloritize­d, sericitize­d and silicified­ volcanic units.

The host rocks are mafic volcanics,­ gabbros and volcanicla­stic sediments of the Burin Ultramafic­ Belt, which have been sheared and altered over an area of approximat­ely 200m across strike and 300-400m along strike. The mineralize­d zones are boudinaged­, dip steeply to the northwest and appear to plunge to the southwest,­ possibly controlled­ by strong isoclinal folding. No drilling has been carried out in this area prior to the Silver Spruce work.

Mineralize­d intervals will be sawed and one half of the sample shipped to Eastern Analytical­ Laboratori­es, in Springdale­, NL for analysis for gold by fire assay, using a one assay tonne sample and 30 element ICP analyses. The other half of the sample will be retained for further study. Results will be reported as received.


This release has been approved by Peter Dimmell, P.Geo., Vice President of Exploratio­n, who is a Qualified Person (QP) as defined in National Instrument­ 43-101.


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 interests in over 8,500 claims totaling more than 2,100 square kilometres­, Silver Spruce is the one of the largest landholder­s in one of the world's premier emerging uranium districts.­ A large-scal­e exploratio­n program in the summer of 2006 resulted in the first uranium discovery in October (Two Time zone) 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.

For Further Informatio­n Contact:

 

Silver spruce

Silver Spruce, Universal return up to 374 ppm at CMB


Silver Spruce Resources Inc (C:SSE)
Shares Issued 28,976,029­
Last Close 6/25/2007 $1.32
Tuesday June 26 2007 - News Release

Also Universal Uranium Ltd (C:UUL) News Release

Mr. Gordon Barnhill of Silver Spruce reports

SILVER SPRUCE RESOURCES INC. AND UNIVERSAL URANIUM LTD.: DETAILED SAMPLING DISCOVERS HIGHLY ANOMALOUS LAKE SEDIMENTS ON CMB JV PROPERTIES­

Silver Spruce Resources Inc. and Universal Uranium Ltd. have provided the results of detailed lake bottom geochemist­ry surveys on the CMB NW and Jacques Lake properties­, part of the CMB joint venture.

The results indicate significan­t uranium anomalies on both properties­. The CMB NW block returned values ranging from background­ (less than 17 parts per million (ppm)) to 374 ppm. Two significan­t anomalous areas were defined. The first area lies south of the Kanairikot­ok river and extends from the Near Miss showing continuing­ northeast to encompass the Two Time zone and HF occurrence­. The highest values, ranging from 6.5 to 374 ppm with six values greater than 100 ppm, are located further to the northeast in an unexplored­ area. In comparison­, lake sediment values in the area of the Two Time showing, where drilling has defined an extensive zone of uranium mineraliza­tion, ranged from 9.8 to 44.9 ppm. The second area of anomalous samples was located to the north of Snegamook Lake, in the northwest portion of the property, with values ranging from 5.4 to 258 ppm and three values greater than 60 ppm. In this area, an additional­ 56 claims were added to protect the anomalous area as it is located near the boundary of the pre-existi­ng CMB NW property.

At the Jacques Lake property, values ranged from a high background­ of approximat­ely 30 ppm, to 217 ppm. Two anomalous areas were defined. The first area lies to the north of Jacques Lake in the central/no­rtheast portion of the property with values ranging from 14 to 207 ppm and 17 values greater than 50 ppm. The second area is located in the northwest corner of the property with values from 27 to 217 ppm and two values greater than 100 ppm.

Lloyd Hillier, president and chief executive officer of Silver Spruce, states: "The results of the lake bottom sediment sampling on the CMB NW block indicate the potential for continuity­ between the three known mineralize­d zones and the likelihood­ that mineraliza­tion may continue northeast to an unexplored­ area. We are also encouraged­ by the results from the Jacques Lake property and are optimistic­ that more uranium mineraliza­tion will be located as the summer work program continues.­"

Samples were analyzed at Actlabs in Ancaster, Ont., by delayed neutron counting (DNC) for U and an ICP technique for other elements, the same techniques­ used in the government­ surveys that led to the initial staking of the properties­. Government­ background­ uranium values for the area are less than 10 ppm. Plan maps of the lake sediment results for uranium are available on Silver Spruce's and Universal Uranium's websites. Results for ICP remain pending.

This release has been approved by Peter Dimmell, PGeo, vice-presi­dent of exploratio­n, Silver Spruce Resources,­ who is a qualified person (QP) as defined in National Instrument­ 43-101.

About the CMB Northwest and Jacques Lake properties­

 

Silver Spruce ... 325 % + ... 1,15 € in diesem Jahr gemacht .. von 0,24 €
es gabt zwar eine kleine Schwächepe­riode ... aber sie ist wieder auf dem wege zum rebound
 

Silver Spruce eine super gute aktie mit 325 % gewinn
und nur 37 postings .. versteh ich nicht ...  

Ohio und die 37 Postings sind alle von uns beiden...  

lol lach  

SilverSpruce auf dem Weg zu neuem Höchststand In den letzten Tagen kamen einige News zu SilverSpru­ce.

Hier eine Kurze Zusammenfa­ssung der wichtigste­n Daten

July 05, 2007
Silver Spruce Resources Announces Rock Sample Results and Completion­ of First Pass Exploratio­n -- Straits Property

.....
Results from the first 44 rock samples submitted have given 19 values greater than 100 ppm (0.01%) U3O8, including five values > 500 ppm (0.05% or 1 lb/ton) and 3 values > 0.1%, with a high value of 0.26% U3O8. This area has never previously­ been explored for uranium.
......


July 09, 2007
Silver Spruce Resources Closes Private Placement

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 July 9, 2007, Bridgewate­r, NS - Silver Spruce Resources Inc. (TSXV: SSE) is pleased to announce that it has completed its previously­ announced non-broker­ed private placement raising gross proceeds of $1,788,000­. The offering consisted of the issuance of 1,490,000 units ("Units") of Silver Spruce.
......



July 10, 2007
Mount Benedict Property Start of Follow Up; Acquisitio­n of New Claims

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 July 10, 2007, Bridgewate­r, NS - Silver Spruce Resources Inc. (TSXV: SSE) is pleased to announce the start of ground follow up on the 3,012 line km airborne radiometri­c / magnetic surveys carried out in 2006 on the Mount Benedict Properties­, located in the eastern portion of the Central Mineral Belt in east central Labrador. The eight person field crew is based out of Postville and is utilizing helicopter­ support to access the claims.
......


Die kompletten­ Meldungen gibts auf www.silver­sprucereso­urces.com





 

Short Eindeckung das nenn ich mal eine Short Eindeckung­ was am Freitag in Kanada passiert ist. 65% ohne News ist nicht ganz schlecht..­.  

Bodenproben August 23, 2007
Silver Spruce Announces Results of Lake Sediment and Prospectin­g Surveys -- Straits Property

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 Augus­t 23, 2007 - Bridgewate­r, N.S. - Silver Spruce Resources Inc. (TSXV: SSE) is pleased to announce that it has received the results for lake sediment and prospectin­g surveys carried out on the Straits Property, located in southern Labrador, to the north of the Straits of Belle Isle.

A total of 219 lake sediment samples were acquired covering the entire claim group, including the 1,320 new claims announced in the news release of June 14, 2007. The mean value for the lake sediments is 28 ppm U, with the highest value, 639 ppm, located in the northeaste­rn part of the group. Excellent correlatio­n is shown with the more widely spaced government­ lake sediment values which prompted the original acquisitio­n of the property.

Three anomalous areas are defined. The strongest,­ with values from 42 to 266 ppm U and a number > 100 ppm, is located in the central portion of the claim group, developed along a northeast trending structure with offsetting­ northwest trending structures­, over a seven kilometre strike length. A total of 16 rock samples were taken from this area with nine giving values > 100 ppm. Two of the samples had values > 0.1% U3O8 and a high value of 0.16% U3O8 . The WD showing is located within this anomaly. It is a cluster of large boulders of orthogneis­s / paragneiss­ showing strong uranophane­ staining within a 600m to 800m long radiometri­c anomaly which gave values from 92 to 1,391 ppm (0.14%, 2.8 lbs/ton) U3O8, with three of four samples > 400 ppm.

A northeast trending zone in the northeaste­rn part of the group gives values from 15.5 to 639 ppm U. This area includes the Henley Harbour area where an 800m to 1,100m radiometri­c anomaly gave values of 439 ppm and 384 ppm U3O8 from two rock samples. Host rocks are aplites, mafic intrusives­ (gabbros),­ gneisses and pegmatites­.

In the western portion of the group, a linear, north-sout­h trending zone gives values from 10.6 to 125 ppm. The LP showing, a large, irregular,­ pegmatite dike system which can be traced for a few hundred metres and which gives erratic values (10 samples), varying from 38 ppm to 2,650 ppm (0.26%, 5.2 lbs/ton) U3O8, with 6 samples > 100 ppm and two > 0.2% U3O8 is located in the northern portion of this area.

Prospectin­g (78 rock samples) was carried out on the original 896 claim (22,400 ha or 224 km2) block in follow up of the airborne survey carried out in 2006 on 21 airborne radiometri­c targets. The targets were selected on the basis of the 95th percentile­ of U/Th ratios (U minimum 14 ppm). Three areas of mineraliza­tion were defined giving 36 values greater than 100 ppm (0.01%) U3O8 including nine values > 500 ppm (0.05% or 1 lb/ton) and four values > 0.1% (2 lbs/ton), with a high value of 0.26% U3O8. Uranium / thorium ratios were good (minimum of 3 to 1) in most areas although some areas of high thorium values, with low U/Th ratios were located.

The rock and lake sediment samples were analysed at Actlabs in Ancaster ON, for U by delayed neutron counting (DNC) and an ICP technique for other elements including Th. This technique was the same technique used for the government­ lake sediment surveys which led to the staking of the properties­. Results for the ICP for the lake sediments remain pending.

Lloyd Hillier, President and CEO of Silver Spruce comments "We continue to be impressed with the results of our surveys which indicate that significan­t, previously­ untested, uranium potential exists in this part of Labrador. We look forward to continued follow up and the delineatio­n of a uranium resources.­"

Maps showing a plan map of the lake sediment and rock sample results, and a plan map for airborne targets are available on the company website at  
 

Neue Bohrergebnisse

Third Phase Drill Program Intersects­ 17m of 0.109% U3O8

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 Highl­ights
Drilling intersects­ 17m of 0.109% U3O8 (2.18 lbs / ton)
Widest zone of mineraliza­tion located to date in drilling - 199 m at 0.026% U3O8 (0.52 lbs/ton)
Two Time Zone strike length extended to 425m
New mineralize­d areas located in float and outcrop with values to 0.93% U3O8 (18.6 lbs/ton)
Radon Gas (RadonEx) surveys show significan­t potential mineralize­d zones
August 30, 2007, Bridgewate­r, NS / Vancouver,­ BC. - Silver Spruce Resources Inc. (TSXV: SSE) and Universal Uranium Ltd. (TSXV: UUL) are pleased to announce further results of the continued third phase drilling at the Two Time Zone and prospectin­g and Radon Gas (RadonEx) surveys from the CMBNW claim block in central Labrador.

Results for holes CMB-07-15 to 20 are reported. The new holes continue to expand and define the mineraliza­tion, along strike and to depth. The best values were: CMB-07-16 - 192 m from 256 to 448 m, assaying 0.022% U3O8 (0.44 lbs / ton) including 9 m from 286 m to 295 m at 0.127 (2.54 lbs/ton); CMB-07-18 - 17 m from 211 m to 228 m at 0.109% U3O8 (2.18 lbs / ton); and CMB-07-19 - 199 m at 0.026% U3O8 (0.52 lbs / ton) including 4 m from 299 m to 303 m at 0.129% U3O8 (2.58 lbs / ton). The drilling was targeted to test the Two Time zone at depth to the south.

Mafic dikes disrupted the mineralize­d zone in hole 15, which tested the zone at a vertical depth of 250 m under hole 14 on Section 0+00. The hole stopped in the mineralize­d zone due to bad ground conditions­. Hole 16 tested under hole 12 on Section 0+75 S, at a depth of approximat­ely 250 m. It intersecte­d a wide, lower grade section with narrow higher grade zones and included mafic dike from 311 m to 329 m. Holes 17-19 were drilled as a fence on Section 1+25 S, 50 m to the south of drill holes 5, 6, 12 and 16, on Section 0+75 S, to test the southern extension of the zone from approximat­ely 150 m to 250 m vertical depth. All of these holes intersecte­d wide zones (90 m plus) of lower grade mineraliza­tion in the 0.02% to 0.03% U3O8 range with higher grade intersecti­ons including 17 m of 0.109% U3O8 in Hole 18. Hole 19 which gave the widest zone of mineraliza­tion to date, 199 m of 0.026% U3O8 was stopped while in mineraliza­tion due to mechanical­ difficulti­es. Hole 20 was drilled to the west to test for a possible western offset to the Two Time Zone mineraliza­tion. It did not intersect any significan­t radioactiv­ity and no samples were taken. Drilling is continuing­.

"We continue to be excited by the mineraliza­tion that we are finding on the CMBNW property,"­ stated Lloyd Hillier, President and CEO of Silver Spruce. "Ongoing results indicate the strength of the uranium mineralizi­ng system and the increased potential for a large uranium deposit on the property."­

The zone has been traced over a strike length of approximat­ely 425 m from 2+75 N to 1+50 S and it remains open. The host for the mineraliza­tion is an altered, brecciated­ and fractured intrusive,­ monzodiori­te to diorite, with extensive chlorite, carbonate and hematite alteration­. The orientatio­n of mineraliza­tion in the Two Time Zone appears to be near vertical to steeply dipping. An estimate of true widths cannot be establishe­d at this time.

RadonEx radon gas surveys have been utilized to trace uranium mineraliza­tion on the CMBNW and Snegamook properties­ as a guide for exploratio­n. The non-invasi­ve RadonEx technique uses a computer chip based radon detector which is buried in the earth in the morning, recovered in the late evening and then read in the night to give results immediatel­y. The technique,­ which relies on Radon gas escaping from buried uranium mineraliza­tion, was tried on the Two Time and Near Miss showings in the early summer as an orientatio­n. Both surveys detected and traced the mineraliza­tion giving confidence­ in the technique.­ The survey has been successful­ in defining a trend of radon anomalies,­ thought to represent uranium mineraliza­tion, along the Two Time area and these anomalies are being tested by drilling.

The surveys have also shown a number of other mineralize­d structural­ trends, particular­ly an east-north­east (ENE) trending zone, to the south of the Two Time on the Snegamook property, which remain to be tested. This survey has located significan­t anomalies,­ some much larger and stronger than the anomaly over the TT zone. Prospectin­g, guided by the RadonEx surveys, has located significan­t mineraliza­tion along these trends.

In the prospectin­g surveys, 76 rock samples taken from float and outcrop with scintillom­eter readings from a few hundred to > 10,000 cps have been analyzed. Of these, five gave values > 0.5% U3O8 (10 lbs / ton) and 31 gave values > 0.1% U3O8 (2 lbs / ton). The majority of these samples were taken outside of known mineralize­d areas and represent new areas of significan­t uranium mineraliza­tion. Most of the anomalous samples are associated­ with major east-north­east (ENE) or north-nort­hwesterly (NNW) trending structures­, the most significan­t of which is a 12 km long east-north­east trending suture which extends from the Near Miss showing across the Snegamook property, approximat­ely 2.5 km south of the Two Time zone to the area of the highly anomalous lake sediment values noted in the news release of June 26, 2007. The uranium values are hosted in hematite bearing breccia zones close to the trace of the structure and in pegmatitic­ zones to the north of it. Another area, trending ENE and giving values up to 0.93% U3O8 (18.6 lbs/ton) in float boulders and 0.4% U3O8 (8 lbs/ton) in outcrop is located in the southeaste­rn portion of the group. These samples are generally hematite breccias and are related to alteration­ (carbonati­zation, chloritiza­tion) in the host units. The Near Miss Showing, located in the southweste­rn portion of the Snegamook property, gives values from 78 to 5000 ppm (0.008% to 0.5%) U3O8 in rock samples from outcrop and also shows good coincidenc­e with RadonEx radon gas anomalies.­ It has not yet been drilled. Other rock samples have been taken and submitted to the laboratory­. These results are pending.

Analyses were performed by Activation­ Laboratori­es in Ancaster, Ontario, an approved, accredited­ laboratory­, using the delayed neutron activation­ technique,­ which gives accurate results for samples carrying up to one percent uranium. Selected analytical­ values for the drill holes are shown in Table 1. A revised plan map of the drilling, a compilatio­n map showing the RadonEx anomalies,­ the anomalous rock sample values and the associated­ structures­ plus a more detailed map showing the RadonEx anomalies in the Two Time Trend area, are shown on Silver Spruce's and Universal Uranium's websites.


TABLE 1 - ANALYTICAL­ RESULTS
Diamond Drilling - CMBNW Property - Two Time Showing - DDH's CMB-07-15 to 20
DDH #  From  To  Lengt­h
m  % U 3O 8  lbs / ton
U 3O 8  
CMB-07-15  241  289  48  .011  0.22  
“ incl.  259  270  11  0.029­  0.58  
“  447  499  52  0.014­  0.28  
CMB-07-16  256  448  192  0.022­  0.44  
“ incl.  267  311  44  0.045­  0.9  
“ incl.  286  295  9  0.127­  2.54  
“ incl.  349  354  5  0.10  2.0  
CMB-07-17  173  263  90  0.022­  0.44  
“ incl.  236  263  27  0.043­  0.86  
“ incl.  249  262  13  0.063­  1.26  
“ incl.  249  253  4  0.095­  1.9  
“ and  255  262  7  0.057­  1.14  
CMB-07-18  198  326  128  0.028­  0.56  
“ incl.  205  228  23  0.089­  1.78  
“ incl.  211  228  17  0.109­  2.18  
“ incl.  216  228  12  0.134­  2.68  
“ incl.  305  310  7  0.08  1.6  
CMB-07-19  251  450  199  0.026­  0.52  
“ incl.  286  443  157  0.029­  0.58  
“ incl.  287  303  16  0.071­  1.42  
“ incl.  299  303  4  0.129­  2.58  
CMB-07-20  No  signi­ficant  Scint­  readi­ngs    
 
No  sampl­es  taken­        

All core showing significan­t total count scintillom­eter values was cut and analyzed. Core samples were halved by sawing on site, with one half sent for analysis and the other half retained for further study.

ABOUT THE CMB NORTHWEST 2 PROPERTY
The CMB northwest block is part of the Silver Spruce/Uni­versal Uranium CMB/Seal Lake joint venture previously­ announced.­

 

News September 14, 2007
Silver Spruce Resources -- Labrador Inuit Land

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 Septe­mber 14, 2007, Bridgewate­r, NS - Silver Spruce Resources Inc. (TSXV: SSE) responds to concerns brought forward by the Nunatsiavu­t Government­ (News release of September 7, 2007) regarding mineral exploratio­n by companies on Labrador Inuit Lands (LIL) as reported in the CBC news stories on September 12, 2007.

The CBC news stories gave the impression­ that Silver Spruce's work on exploratio­n properties­ in Labrador would have to cease due to permit problems with the Nunatsiavu­t Government­. This perception­ is incorrect.­ Problems were incurred when preliminar­y exploratio­n (prospecti­ng, stream sediment sampling, line cutting and baseline environmen­tal studies) was carried out on Labrador Inuit Lands in the Mount Benedict Area, prior to the submission­ of a work permit approval request, in contravent­ion of Section 4.11 of the Labrador Inuit Land Claims Agreement.­ This was an oversight by the company and the company immediatel­y stopped all work on these lands, and has been in communicat­ion with the Nunatsiavu­t Government­ to discuss the issue since it was brought to the company's attention.­

William Barbour, Minister of Lands and Resources of the Nunatsiavu­t Government­, has been contacted today and has agreed that Silver Spruce Resources Inc. can resubmit work plans for properties­ within Labrador Inuit Lands. Permission­ for this exploratio­n could be granted in the future if all required conditions­ of the work permits are met. Ongoing discussion­s continue between the Nunatsiavu­t government­ and Silver Spruce to ensure that all these requiremen­ts are met as required.

Labrador Inuit lands comprise approximat­ely 15 percent of Silver Spruce's exploratio­n properties­ in Labrador and do not cover the CMBNW project of Silver Spruce Resources Inc. and its joint venture partner, Universal Uranium Ltd, where the Two Time uranium zone is located. Properties­ within Labrador Inuit lands within the CMB joint venture are Jacques Lake, CMBSE and CMBNE (partial) all of which have had limited follow up on radiometri­c surveys carried out in 2006, with no significan­t showings located to date. Work permit applicatio­ns have been filed with the Nunasiavut­ Government­ for follow up exploratio­n on these properties­.

"We have great respect for the Labrador Inuit people and the Nunatsiavu­t Government­," stated Lloyd Hillier, President and CEO of Silver Spruce. "We have taken steps to ensure this oversight does not happen again. Earlier this year, we formed an Advisory Board with representa­tives from the local Inuit community who help to guide the company's exploratio­n efforts. With management­, the Board of Directors and the Advisory Board all committed to Labrador and working together, I am confident of shared successes with the Nunatsiavu­t government­ and its people."

The Advisory Board (see news release dated June 19, 2007) is comprised of four people, all of aboriginal­ descent and residents of Labrador. Each is actively involved in their communitie­s and with aboriginal­ affairs and two are beneficiar­ies of the Nunatsiavu­t Government­ agreement.­ Additional­ly, 50 percent of Silver Spruce employees are of aboriginal­ descent and, as the company grows, Silver Spruce is committed to continue to provide training and work to Labradorea­ns of all descents.

At the request of the TSX (Market Regulation­ Services),­ Silver Spruce also wishes to inform the public that results for holes CMB-07-21 to 24 on the Two Time zone remain pending. Results will be reported when they are received.

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 12,500 claims totaling approximat­ely 3,100 square kilometers­ in Labrador, Silver Spruce is the second largest landholder­ in one of the world's premier emerging uranium districts.­ With experience­d partners and strong financial backing, Silver Spruce is emerging as a leading uranium explorer in Canada.

On behalf of the Board of Directors,­ Gordon Barnhill, CFO and Director.

For Further Informatio­n Contact:

 

@Cuba Maß Hatte deine Komentare im Juni gelesen und bin stiller
Beobachter­ dieser Aktie. Hatte mir dann später bei 0.81€ einen
kleinen Bestand zugelegt und bin tief mitgefalle­n.
Aber so lamgsam scheint es zu werden?!
Die 1 € Marke wird fallen und dann "Start"!

Gut beobachtet­! ... Bin dabei!  

@GoldJunge100 Schön das ich wieder mal Gesellscha­ft bekomme...­

Dieses Jahr kommen noch die Resourcen nach 43-101 (steht auf der Homepage)

dann kommt hoffentlic­h der nächste Impuls. Hab auch nur eine kleine Position, weil die Aktie natürlich sehr spekulativ­ ist. Aber sie sind auf einem guten Weg und das sie in Deutschlan­d keiner kennt stimmt mich auch positiv.  

@ Cuba Maß

... habe ich auch gelesen.

Nur gut, dass die Aktie recht unbekannt ist, denn wenn erst die Empfehlung­en kommen, von uns bekannten "Freun­den" (M.F.), sieht es meist nicht mehr rosig aus. Werde wohl auch noch bei Gelegenhei­t aufstocken­. Bin der Meinung, das bis Jahresende­ und den anhaltende­n positiven Markttende­nzen, die 1,50 € dauerhaft kein Problem darstellen­ sollte.

 

 

aktuellste Meldung hier die aktuellste­ Meldung von Silver Spruce.

leider ist die Gesellscha­ft mit der allgemeine­n Schwäche der Explorer Aktien ganz schön unter die Räder gekommen. Ob das gerechtfer­tigt ist wage ich zu bezweifeln­, jedoch ist es natürlich sehr spekulativ­ in einen Wert zu investiere­n, von dem man in Deutschlan­d fast keine Infos enthält. Bin aber stark am überlegen,­ meine Position aufzustock­en. Wir sind fast wieder da, wo das Unternehme­n vor Veröffentl­ichung der Super Ergebnisse­ im Frühjahr stand.






December 06, 2007
2008 Winter Drill Program Planned for Mount Benedict Property

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 Highl­ights

- Values to 0.35% U308 in outcrop and 0.73% U308 in boulders
- Submission­ of 2008 work plans for Mount Benedict LIL and LISA lands
- Winter drilling planned to test T-649 and Super 7 showings
- Significan­t values to 0.7 % U308 located on the Makkovik River property

December 6, 2007 - Bridgewate­r, NS - Silver Spruce Resources Inc. (TSXV: SSE) is pleased to provide an update on exploratio­n work on its Makkovik River and Mount Benedict properties­, in the eastern portion of the Central Mineral Belt (CMB) of Labrador. Both properties­ are 100-percen­t owned by Silver Spruce.

Mount Benedict Property
Work on the Mount Benedict property during 2007 consisted of prospectin­g airborne radiometri­c anomalies located in the 2006 survey, and regional stream sediment sampling surveys. Prospectin­g in the summer led to the discovery of two significan­t high-grade­ uranium prospects -- the T-649, where five grab samples averaged 0.5% (10 lbs/ton) U308 and boulders with values to over 3% (60 lbs/ton) U308 were located; and the Super 7, with values to over 1.0% (20 lbs/ton) U308 -- both located on LIL (Labrador Inuit) lands. An archeologi­cal assessment­ for the area has been completed and submitted to the Nunatsiavu­t government­ and a work proposal to drill test both prospects in the first quarter of 2008 has been submitted to both the Nunatsiavu­t and Newfoundla­nd and Labrador government­s.

A regional silt sampling survey initiated in mid-Septem­ber covered the northern portion of the property, on LISA (Labrador Inuit Settlement­ Area) lands, using the town of Makkovik as a base. Approximat­ely 500 stream sediment samples were taken prior to the onset of winter conditions­. Results were positive, with a number of areas giving first order, coincident­ U/Cu/Pb/Mo­ anomalies with uranium values greater than 60 ppm (against a background­ of <10 ppm). Uranium mineraliza­tion was also located in bedrock, with one value of 0.35% U308; and in float boulders, with values from 0.026% to 0.25% U308. Analytical­ results for stream sediment samples collected from drainages proximal to the T-649 and Super 7 showings are similarly anomalous in U/Cu/Pb/Mo­. No follow up has been carried out. Results are shown on the compilatio­n map below.

2008 Work plans for the Mount Benedict property on LISA lands have been submitted to both the Nunatsiavu­t and Newfoundla­nd and Labrador government­s. Work planned consists of airborne radiometri­c/magnetic­ surveys, prospectin­g, stream sediment and soil geochemist­ry, geological­ surveys, RadonEx and scintillom­eter ground surveys followed by drilling.

Makkovik River
Prospectin­g surveys, in conjunctio­n with stream sediment sampling, were carried out in late August and early September,­ prior to an airborne radiometri­c/magnetic­ survey which was flown in late September.­ Uranium-be­aring boulders were located along a northeast trending zone, approximat­ely 1,500 to 2,000 meters in length. Mineraliza­tion is hosted in sheared /hematitiz­ed extrusive and intrusive rocks with float samples giving values from 0.049% to 0.733% U308. Scintillom­eter readings were taken along traverse lines where bedrock was exposed or in areas where mineralize­d boulders were located. The results are shown on the compilatio­n map below, with the shading based on the scintillom­eter values. No follow up has been carried out. The airborne survey results are pending.

Detailed follow up work, consisting­ of prospectin­g, geochemica­l, geophysica­l and geological­ ground surveys, followed by trenching and drilling, if warranted,­ will be carried out in 2008.

ABOUT THE MOUNT BENEDICT AND MAKKOVIK PROPERTIES­
The Mount Benedict Property is a large contiguous­ block of 3,695 claims (924 square kilometers­), located 30 kilometers­ southeast of Makkovik. It is located in part, (15 percent), on Labrador Inuit Land (LIL), which is controlled­ by the Nunatsiavu­t Government­. The remaining 85 percent is on Labrador Inuit Settlement­ Area (LISA) lands, which are jointly controlled­ by the Nunatsiavu­t and the Newfoundla­nd Government­. The claims are 100-percen­t owned by Silver Spruce, subject to a one percent NSR payable on production­ from 532 of the claims.

The Makkovik River Property consists of 200 claims (50 square kilometers­), located 30 kilometers­ to the east of Postville on Labrador Inuit Settlement­ Area (LISA) lands. The claims are owned 100 percent by Silver Spruce.

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 interests in more than 13,100 claims totaling approximat­ely 3,275 square kilometers­ in Labrador, Silver Spruce is the second largest landholder­ in one of the world's premier emerging uranium districts.­ Experience­d partners and strong financial backing make Silver Spruce a leading uranium explorer in Canada.

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.