Acquisition Of Mining Claims At Eight Dollar Mountain In Oregon

Acquisition Of Mining Claims At Eight Dollar Mountain In Oregon

TORONTO – Spruce Ridge Resources Ltd. has staked several mining claims at Eight Dollar Mountain, an area containing nickel laterite located in southwest Oregon.

Steve Balch, President and CEO, said, “Eight Dollar should be considered a grass-roots property, but we know it contains nickel laterite from historic exploration. We now have four properties in Oregon, two with historical nickel resources (Cleopatra and Red Flat), one with nickel sulphide intersections in drillcore (Shamrock) and now more nickel laterite at Eight Dollar. We also retain our interest in the Great Burnt Copper and South Pond Copper and Gold properties in Newfoundland, currently under option to Benton Resources, and are one of Benton’s largest shareholders.”

Eight Dollar is located in Josephine County, southwest Oregon just west of the town of Selma. A total of 115 mining claims were staked totaling 962 ha (2,376 ac) covering most of the west side of the mountain. Information on Eight Dollar dates to 1942 when it was explored by the Freeport Sulfur Company. The area contains several discovery pits and shallow shafts. Over the years, discovery pits were enlarged, and access roads installed with some bulk samples taken by backhoe. The area was assessed as recently as 2018 by the Department of Geology and Mineral Inventories (DOGAMI). Commodities include nickel, cobalt, and molybdenum. Several occurrences of nickel laterite have been mapped over a wide area at Eight Dollar including within the claims staked by Spruce.w