URANIUM DEPOSIT FOR SALE OR OPTION IN CANADA
The Snegamook deposit is located 1.3 km south-southeast of the Two Time zone, which lies in the Central Mineral Belt of Labrador (Silver Spruce Resources news release, August 12, 2008).
The uranium mineralization is hosted in an altered, brecciated and fractured felsic intsrusive of monzoitic to monzodioritic composition that carries extensive chlorite, hematite and carbonate (Silver Spruce Resources news release, August 12, 2008).
Four individual mineralized zones were identified and traced over a strike length of 300 meters and to a vertical depth of 200 meters. The zones are shallow dipping (15 to 20 degrees to the west) and vary in width from five to 53 meters with grades ranging from 225 to 771 ppm U3O8. (Silver Spruce Resources news release, August 12, 2008).
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