Spearmint Significantly Expands its Vanadium Acreage in Quebec After Encountering Sharply Defined Anomaly
Date: Dec 14, 2018
Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the “Company“) is pleased to announce that upon receiving preliminary airborne data, the Company immediately increased its acreage in the Chibougamau Vanadium district to 13,985 contiguous acres.
James Nelson, President of Spearmint, stated “We are optimistic to have received such encouraging preliminary data from the airborne surveys and are awaiting final results from the entirety of the property before the end of the year. Having already uncovered at least one potential high priority target to date on our Vanadium prospect, we immediately expanded and consolidated our existing fragmented properties into one large contiguous land package bordering BlackRock Metals. This new acreage strengthens our significant footprint in this world class Vanadium district. As the Vanadium price-per-pound has recently reached all-time highs, breaking over $33USD per pound, we are very excited to have uncovered this sharply defined target this early in the phase one work program on our Chibougamau Vanadium prospect. Immediate follow up work is being planned and management is expecting to have crews on the ground shortly to further investigate this specific anomaly.”
Several north-east trending anomalous zones have been detected from the ongoing magnetic survey. The most significant zone to date is a sharply defined area of strong magnetic susceptibility, displaying a steep gradient ranging between – 120 nT to + 135 nT, within a sinuous anomalous area measuring approximately 600 m N-S by 300 to 600 m E-W.
