Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the “Company”) wishes to announce that based on the initial indications of the first six holes drilled in Nevada, the Company has decided to extend the drill program to 2 additional holes. Spearmint has encountered visual clay in each of the first six holes and has already rushed the first three holes in for assaying. The Company has received approval from the BLM to extend this program.
James Nelson, President of Spearmint, stated ,”We are pleased to extend this drill program. We are very encouraged to have encountered visual clay in each of the first six holes drilled and look forward to adding more holes to this program. This is the most ambitious drill program that Spearmint has undertaken and we are very optimistic about what we have encountered to date. We eagerly look forward to the first rushed assays on this project. We feel that battery metals will have a strong resurgence in 2021 especially in light of the explosive growth of the EV sector globally in 2020. Not only has the massive boom started to fully take hold, but Elon Musk stated at the Tesla Battery Day September 22, 2020 his desire to acquire lithium clay deposits in Nevada. These comments have put a large microscope on the few known lithium deposits in Nevada, of which Spearmint is the only company currently drilling into one of these known formations. Not only is Spearmint successfully drilling for lithium right now in Nevada, we are active on three separate gold programs in BC, Quebec and Newfoundland and expect results back on each of these this month. Clearly Spearmint is one of the most active junior mining companies in the market right now.”
Mr. Greg Thomson, P.Geo., a director of Spearmint and a Qualified Person as defined by National Instrument 43-101 has reviewed and approved the scientific and technical disclosure contained within this news release.
About Spearmint Resources
Spearmint’s current projects include the ‘Goose’ Gold project directly bordering New Found Gold Corp., as well as the ‘Clayton Valley Lithium Prospects’ in Nevada comprised of two claim blocks totaling 1,160 acres bordering Pure Energy Minerals & Cypress Development Corp. where Spearmint’s drill results have intersected Lithium values as high as 1670 ppm Li; the ‘Escape Lake North’ PGM Project in Ontario consisting of ~4,000 contiguous acres directly bordering Clean Air Metals Inc.; the Case Lake South Cesium Project in Ontario consisting of ~7,300 acres directly bordering Power Metals Corp.’s Case Lake Cesium Property; the River Valley East Platinum-Palladium Prospect in Ontario consisting of approximately 4,700 contiguous acres directly bordering New Age Metals flagship River Valley Platinum Group Metals (PGM) project; the Carscallen West Gold Project in Ontario consisting of a ~2500 contiguous acres in the direct vicinity to Melkior Resources Inc.; the Perron-East Gold Prospects consisting of 5 mineral claim blocks covering 11,608 acres located in the Abitibi greenstone belt of northwestern Quebec in the direct vicinity of Amex Exploration Inc.’s Perron property and past-producing Normetal mine; and the ‘Chibougamau Vanadium Prospect’ comprising of 15,493 contiguous acres directly bordering the vanadium deposit of BlackRock Metal’s (private) Ilmenite vanadium project.
Spearmint’s current projects also include a portfolio of prospects in the Golden Triangle of British Columbia; the ‘Golden Triangle Gold Prospects’ comprising of five separate claims blocks totaling 8,265 acres bordering GT Gold Corp, the 2,397 acre ‘NEBA’ Gold-Copper Prospects bordering Aben Resources Ltd, and the ‘EL North’ Nickel-Copper Prospect is a contiguous land package of 1,053 acres in the Eskay Creek Camp bordering Garibaldi Resources Corp, as well as the recent acquisition of the 4,980 acre ‘Prickle’ property bordering Brixton Metals Corp.
Spearmint’s other projects in British Columbia include the ‘Safari’ Copper-Gold Prospect consisting of 9,007 contiguous acres located in the northern Quesnel Trough in North-Central BC, and the ‘Hammernose’ Gold Prospect consisting of 8,685 acres directly bordering Westhaven Gold Corp.’s Shovelnose Property in the Spences Bridge Gold Belt located in Southern British Columbia, Canada. Management cautions that past results or discoveries on properties in proximity to Spearmint may not necessarily be indicative to the presence of mineralization on the Company’s properties.
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