Spruce Ridge Resources Ltd. announced that it has mobilized a diamond drill to the South Pond "B" Gold Zone on the Great Burnt property in Central Newfoundland. A 3,000 metre drilling program is planned to test gold mineralization, which has not had any work in the last 20 years. The South Pond "B" Gold Zone is 9 kilometres north of the Great Burnt Copper Deposit, on which a Preliminary Economic Analysis is currently being prepared. The South Pond "B" Gold Zone was drill tested by Asarco with two holes in the 1950s, but the core may not have been assayed for gold; the main interest at the time was in copper and/or zinc. The zone was discovered by BP Minerals in 1987 and 1989, following up a soil geochemical anomaly. BP drilled 22 holes in 1987 and 1989, and Celtic Minerals drilled three additional holes in 2001. The South Pond "B" Gold Zone has been drill tested over a length of 1.3 kilometres. It has yielded wide intersections such as 29.25 metres of 1.06 g/t Au in hole 87-08, in a wider zone of 38.93 metres of 0.96 g/t Au, as well as higher grade intercepts such as 4.33 metres of 4.43 g/t Au in hole 87-12. Unlike the structurally controlled, orogenic gold deposits that are currently being explored and developed elsewhere in Central Newfoundland, the South Pond "B" Zone appears to be a volcanogenic gold deposit hosted in mafic volcanic and pyroclastic rocks and derived sediments. As such, it could make up in lateral continuity for what it may lack in occasional "bonanza" type gold assays.