On October 1, 2019 Spruce Ridge Resources Ltd. (“Spruce Ridge” or the “Company”) announced that it had agreed to sell its interest in the Crawford nickel-cobalt sulphide project to Canada Nickel Company which is being created by Noble Mineral Exploration Inc. (“Noble”).  Spruce Ridge will retain its interest in various VMS targets located in Crawford Township.

Spruce Ridge holds a 100% interest in the Great Burnt Copper-Gold Property in Central Newfoundland which covers a series of copper ± gold rich VMS deposits.  In 2015, Spruce Ridge optioned its Viking/Kramer gold properties in Western Newfoundland to Anaconda Mining Inc.  The Company also has a 50% joint venture with Americas Silver and Gold Corporation on property that contains tailings with low grade gold and silver from the Drumlummon Mine in Montana.

Peterson McVicar acted for Spruce Ridge Resources Ltd. with a team that included Dennis Peterson and Andrey Shamis.