Spruce Ridge Resources Ltd.

Spruce Ridge Resources is pleased to announce that it has received the results of a Preliminary Economic Assessment on the Company's wholly-owned Great Burnt Copper-Gold Project. The PEA is incorporated in a Technical Report, with an updated Mineral Resource Estimate that has an Effective Date of January 17th, 2022, prepared by P&E Mining [...]

Spruce Ridge Resources Ltd. - is pleased to announce it has completed a high resolution airborne magnetic gradiometer survey over its "Foggy Pond" gold and base-metals property covering an area of 19,175 ha from 767 claims which are contiguous to the Company's Great Burnt Copper-Gold Property. The newly acquired claims cover a large, previously [...]

Spruce Ridge Resources Ltd. is pleased to announce the beginning of Magnetic Gradiometer Survey over newly acquired property which is contiguous to the current Great Burnt Copper-Gold Property. The newly acquired claims cover a large, previously unexplored area underlain by Lower Paleozoic siliciclastic rocks, similar to those hosting recently [...]

Spruce Ridge Resources Ltd. - announces that it has completed the previously announced in-specie dividend distribution of an aggregate of 2,505,024 common shares of Canada Nickel Company Inc. . Immediately prior to the completion of the Dividend, Spruce Ridge held, directly or indirectly, 8,100,000 CNC Shares, representing on a non-diluted and [...]

1Spruce Ridge Resources Ltd. is pleased to announce the declaration of a dividend-in-kind of 2,500,000 of the 8,100,000 common shares of Canada Nickel Company Inc. held by Spruce Ridge, previously announced on July 27, 2021 and postponed on September 3, 2021. The Dividend is payable on or before November 5, 2021 to holders of record of Spruce Ridge shares at the close of business on October 29, 2021 . This Dividend will be the second payable as the first Dividend of 2,500,000 shares were distributed In September 2020. The CNC Shares were acquired by Spruce Ridge in connection with the previously announced sale of its interest in the Crawford Nickel-Cobalt Sulphide project, details of which are contained in the Company's previous news releases issued on October 1, 2019 and Feb... [...]

Spruce Ridge Resources Ltd. - is pleased to announce that its wholly owned subsidiary Spruce Ridge Oil & Gas Inc. has shipped its first load of oil to a refinery. The current contract we have with our customer is to supply 75m3 at $78.13 USD per barrel or $491.44 USD per m3 less deductions and before royalties. The revenue for the first shipment [...]

Spruce Ridge Resources Ltd. is pleased to announce that it has mobilized a diamond drill to the South Pond "B" Gold Zone on the Great Burnt property in Central Newfoundland. A 3,000 metre drilling program is planned to test gold mineralization, which has not had any work in the last 20 years. The South Pond "B" Gold Zone is 9 kilometres north of [...]

Spruce Ridge Resources Ltd. - is pleased to announce it has acquired from a private company 767 claims totaling 19,175 hectares which are contiguous to the current Great Burnt Copper-Gold Property. With this new addition, Spruce Ridge's land position has increased to 26,000 hectares. The newly acquired claims cover a large, previously unexplored [...]

Spruce Ridge Resources Ltd. announces that the Company has postponed the dividend-in-kind of 2,500,000 of the 8,100,000 common shares of Canada Nickel Company Inc. held by Spruce Ridge, previously announced on July 27, 2021, and that the Dividend was not paid on or after August 28, 2021, as previously announced. The Company intends to postpone the [...]

Spruce Ridge Resources Ltd. - has applied for its common shares to be trading on the OTCBQ Venture Market, a United States trading platform operated by the OTC Markets Group in New York. The company will provide further information once its common shares commence trading. The OTCBQ is the premiere marketplace for early stage and developing U.S. and [...]