DDH 15 & 18 - 1,000+ ppm Lithium = Solid Resource Update Hole 15 - 485 Feet averaging 1,003 ppm Li
Hole 18 - 455 Feet averaging 1,004 ppm Li
Lithium high drill intersections of 1,810 ppm & 1,760 ppm Li respectively in Drill Holes 15 & 18 and 1,120 ppm & 1,390 ppm Li respectively in Drill Holes 16 and 17.
A significant upgrade pending to the previously calculated maiden resource estimate of 1 million plus tonnes of Lithium Carbonate equivalent (Stantec Consultant Ltd).
At Lithium Carbonate (China price) of US $35 per pound or CDN $97,475 per tonne, significant value is growing at Spearmint's McGee flagship Lithium project.
Given last week's State permits issuance to Lithium America's Nevada Lithium clay operation, the announcement of Spearmint's additional Lithium clay resources is timely as it's clear the Nevada Government is moving swiftly to develop Lithium raw material for the burgeoning EV industry and other end users of Lithium material.
Notwithstanding the past week's geopolitical aggressions and the "absolute urgent" need for NATO Europe (particularly Germany & Netherlands) to swiftly make the changeover to Electric Vehicles & electrify other energy consuming requirements and lessen energy dependence of exports from Russia and Belarus. Europe accounts for at least 40% of energy exports from these war-driven and Nuclear Armament threatening nations.
Lithium, clearly a energy commodity of National security.