The Kramer Property

History

During the summer 2009, workers constructing an access road to the Viking Property uncovered a zone at least 30 m in width within altered granite containing at least three quartz-sulphide rich veins measuring up to 30 cm in width and locally carrying fine visible gold; grab samples returned assays grading up to 49.8 g/t Au and 111.2 g/t Ag.

Since 2009, Spruce Ridge has completed prospecting and geological mapping, excavated 9 trenches and drilled 28 holes totalling 3,651.8 m (Table 3 and Table 4). Exploration work has led to the discovery of the Kramer, Kramer Northeast, Quartzite, Whiskey Jack and Discovery zones. Gold mineralization is currently defined over a strike length of 1.3 kilometres.

 

Year Company Work Trenching Drilling Highlights
1987 BP Resources Line cutting and soil sampling, prospecting, geological mapping and airborne magnetics and VLF-EM     Definition of broad gold-in-soil anomaly
2009 Spruce Ridge Resources Road building and prospecting     Discovery of mineralized bedrock with assays up to 49.8 g/t Au and 111.2 g/t Ag at Kramer
2010 Spruce Ridge Resources Trenching and diamond drilling 4 trenches 6 holes – 600 m (KR-10-01 to 06) 0.39 g/t Au over 7.2 m (KR-10-07) and up to 32.10 g/t Au over 0.18 m in trenches
2010 Trenching and diamond drilling Expand existing trenches; 5 new trenches 8 holes – 1,000 m (KR-10-07 to 14) 1.12 g/t Au over 20.05 m including 3.78 g/t Au over 5.15 m (KR-10-07) testing of the Kramer, Whiskey Jack and Quartzite prospects
2013 Spruce Ridge Resources Diamond drilling   14 holes – 2,051.8 m (KR-10-15 to 28) Drill hole KR13-17 assayed 25.41 g/t Au over 0.50 metres
Totals:     9 Trenches 28 Holes – 3,651.8 metres  

Table 3: Kramer Property Historical Work

 

Mineralization

Road construction in 2009 uncovered an alteration zone at least 30 m 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. The work completed to date has outlined a near surface, open ended, north to northeast trending zone of intrusion hosted gold mineralization, comprising high-grade precious metal veins as well as associated lower grade haloes. The mineralized area, which encompasses the Kramer, Whiskey Jack, Quartzite and Discovery Zones, has been established over an area measuring a minimum of 1300 m in length and 100 m in width and remains open to the northeast and southwest.

The mineralization consists of mesothermal style base and precious metal rich quartz veins and stockworks hosted by deformed Precambrian granites and overlying metasedimentary rocks, a setting directly comparable to other known gold deposits in the White Bay district of Western Newfoundland. Similarities to the nearby Thor Deposit suggest a series of parallel mineralized structures may exist in the region.

Gold is associated with disseminated and stringer pyrite mineralization within quartz stockwork zones in the host gneiss and fine-grained granites. Locally, quartz veins associated with the granites carry high gold grades, up to 45.16 g/t Au over 1 m. Significant gold mineralization has also been found in pyritic quartzites that unconformably overlie the Precambrian gneisses. Grab samples assaying greater than 33 g/t Au as well as drill intercepts of 11.70 m grading 1.04 g/t Au have been returned from altered quartzite overlying the Kramer Zone. The highest gold values appear directly associated with increased galena (lead sulphide) and chalcopyrite (copper sulphide) mineralization within the quartz veins. Highlight assays from drilling are presented in Table 4.

 

Drill Hole From (m) To (m) Interval (m) Au (g/t)
KR-09-1 6.20 7.40 1.20 0.64
including 6.20 6.40 0.20 0.64
KR-10-2 39.50 43.50 4.00 0.53
including 42.50 43.50 1.00 1.53
KR-10-3 16.60 23.20 6.60 0.17
KR-10-5 41.00 42.90 1.90 0.89
KR-10-7 10.10 14.40 4.40 0.99
and 17.00 19.10 2.10 0.68
and 32.80 43.80 11.00 0.51
and 53.50 73.55 20.05 1.12
including 60.05 63.30 3.25 5.42
and 92.80 98.65 5.65 0.61
KR-10-8 52.00 53.80 1.80 0.71
and 66.85 90.70 23.85 0.99
including 66.85 81.25 14.40 1.50
including 75.50 80.65 5.15 3.78
KR-10-9 72.00 74.20 2.20 0.65
KR-10-10 19.35 19.60 0.25 2.15
and 100.70 103.55 2.85 1.04
KR-10-11 15.70 16.20 0.50 1.17
and 23.65 24.00 0.35 0.47
and 44.15 44.50 0.35 2.33
KR-10-12 2.40 5.90 3.50 0.64
KR-10-14 27.75 39.45 11.70 1.04
including 31.40 36.30 4.90 2.10
KR-10-15 37.75 38.70 0.35 0.52
KR-10-16 27.50 58.50 1.0 0.53
KR-10-17 19.70 20.20 0.50 25.44
and 43.80 46.80 3.00 0.47
and 57.05 60.05 3.00 0.84
KR-10-18 27.10 28.20 1.10 0.51
and 37.40 39.55 2.15 0.42
and 57.50 57.90 0.40 0.71
KR-10-19 69.25 69.75 0.50 0.68
KR-10-20 75.25 75.75 0.50 1.40

Table 4: Kramer Drill Highlights


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