Great Burnt

Great Burnt Main Zone Gold Potential Project Zones Resource Estimate South Pond Foggy Pond

A 100% owned volcanogenic massive sulphide (VMS) deposit in central Newfoundland’s highly prospective, base-metal-rich greenstone belt, consisting of 4 prospective zones:
1. The Great Burnt Zone (Copper)
  - Indicated Resource of 381,300 tonnes at 2.68% Cu, Inferred Resource of 663,100 tonnes at 2.10% Cu* and open at depth
2. South Pond “A” Zone (Copper, Gold)
3. South Pond “B” Zone (Gold)
4. End Zone Prospect (Copper)
Recent high grade copper discovery at the Great Burnt Zone - April 26, 2016, Spruce Ridge drills 7.5 metres of 9.45% copper, including 3 metres of 19.3% copper
Potential high-grade starter pit identified with 237,000 tonnes at 2.51% copper (undiluted) at the Great Burnt Zone, with relatively low capex
Near-surface gold present at South Pond “B” Zone– drill results include 28 metres at 1.16 g/t gold, 4.33 metres at 4.75 g/t gold
Road and airport accessible property, with mining infrastructure nearby – Great Burnt is 40km south east of Teck’s Duck Pond mine
Central Newfoundland is home to many well known mining camps dating back to the mid-19th century
100% interest in mining lease and 5 contiguous mineral licences covering 148 claim units with an area of 4,065 ha, lease subject to 2% NSR in favour of Glencore
Significant exploration data including drill database of 17,000 meters and 2007 Aeroquest Mag/EM survey

Cross Section

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Long Section

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Plan View Diamond Drill Intercepts

Prospective, near-surface gold present at South Pond “B” Zone (see South Pond “B” Plan View Diamond Drill Results)
Spruce Intends to drill more holes at South Pond “B” Zone in Fall 2016