SPEARMINT ACQUIRES WHABOUCHI LAKES WEST LITHIUM PROSPECT IN
Spearmint acquires Whabouchi Lakes West property
2016-04-18 07:06 ET - News Release
Mr. James Nelson reports
SRJ.V SPEARMINT ACQUIRES WHABOUCHI LAKES WEST LITHIUM PROSPECT IN QUEBEC
Spearmint Resources Inc. has acquired the Whabouchi Lakes West property located in the James Bay area of the province of Quebec, approximately 40 kilometres east of the community of Nemaska, 228 km north-northwest of the Chibougamau municipality and in the immediate vicinity of the Whabouchi mine of Nemaska Lithium Inc. It includes 20 claims that total approximately 10.66 square kilometres. This represents a 500-per-cent increase in lithium prospect holdings.
The claims overlay the possible source of three significant lake sediment geochemical anomalies. The lake sediment samples show different combinations of anomalous elements: one is anomalous in mercury, lithium, niobium, rare earth elements, uranium and tungsten; a second one is anomalous in silver, arsenic, Hg, Li, lead, antimony, REE and W; and a third one is anomalous in Nb and REE. Those elements are good indicators of pegmatite-hosted type of mineralization also present at Nemaska Lithium Inc.'s Whabouchi deposit.
The claims share some other similarities with the Nemaska deposit: the property is close to road; gneiss unit of the Opinaca subprovince is a major component of the geology; pegmatite dikes and granite intrusions are present; and the property also includes a magnetic anomaly as seen near the Whabouchi deposit. Prospecting and till surveys are under planning to further assess the possible source of anomalies in the lake sediments.
James Nelson, director of Spearmint, stated: "We are pleased to have significantly expanded our footprint in this new lithium district. The lithium space is showing signs of hypergrowth and management has always felt Quebec is one of the most mining-friendly regions in the world. We look forward to getting our work programs started now on multiple targets and projects in this new world-class lithium district."