Spruce Ridge Resources (TSE:SHL) has released an update.
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Spruce Ridge Resources Ltd. has expanded its portfolio with the acquisition of the Shamrock Nickel Property in Oregon, boasting high-grade nickel and copper as well as significant platinum group metals, unexplored since the 1950s. The Property, with extensive historical exploration including diamond drilling and metallurgical sampling, spans 758 acres with promising mineralization open in multiple directions. Spruce has secured a 100% interest in the Property through a combination of cash payment, common share issuance, and a net smelter returns royalty agreement with Northwest Nickel Corp.
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