Spruce Ridge Resources Ltd.
Nora Lake Gold Property, Ontario
- Mineralized zone consists of mafic volcanics cut by an irregular body of quartz porphyry;
- The main stripped area exposes mineralization over a length of 130 metres and a width of at least 44 metres;
- Additional stripping on strike to the east and west gives the zone a minimum length of 240 metres;
- Stripping in 2007 extended the main trench to the northwest and southwest, where a newly exposed contact zone of the porphyry intrusion was found to be well mineralized with pyrite, arsenopyrite and free gold;
- Channel sampling gave an average of 17.43 g/t Au 1.2m within a 6.5 m channel that averaged 3.94 g/t Au;
- Small cost to keep properties in good standing – 2 licenses cost $95 per year, total annual property spend is $400.
2007 Drill Program
- Hole NL-01-07 intersected an average of 5.896 g/t Au over 1.5m as part of a wider section averaging 2.529 g/t Au over 4.7m
- Hole NL-02-07 intersected 4.732 g/t Au over 1m within a wider section averaging 2.888 g/t Au over 2m
- Hole NL-05-07 intersected 2.315 g/t Au over 2m
- Hole NL-07-07 intersected 1.518 g/t Au over 2.5m and 1.389 g/t Au over 4.5m
- Hole NL-08-07 intersected 8.072 g/t Au over 1.3m
Source: http://spruceridgeresources.com/nora-lake.php
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