Silver Spruce Resources Inc. (TSXV:SSE) announced results by Crosshair Energy Corporation (TSX:CXX,NYSE:CXZ) on the former Central Mineral Belt joint venture properties.
As quoted in the press release:
Silver Spruce holds a 2% NSR on the CMBJV properties and the Two Time deposit, discovered by Silver Spruce in 2006/07. It hosts a NI 43-101 indicated resource of 2.33 million lbs (1.82 MT at 0.058% U3O8) and an additional inferred resource of 3.73 million lbs (3.16 MT grading 0.053% U3O8). The CMBNW property is contiguous with both the Snegamook and A7 properties owned 100% by Silver Spruce . The Snegamook property hosts a number of uranium showings, including the Snegamook zone on strike to the south of the Two Time zone, as well as the Near Miss prospect.