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Spearmint Resources Inc C.SPMT

Alternate Symbol(s):  SPMTF

Spearmint Resources Inc. is a Canadian junior resource exploration company. Its business activities include acquiring and exploring exploration and evaluation assets. Its Clayton Ridge project in Clayton Valley, Nevada, is comprised of 12 contiguous claims totaling approximately 248 acres. It has three separate claim blocks in Nevada that are prospective for lithium known as the 1,136-acre McGee Lithium Clay Project, the 124-acre Green Clay Lithium Project, and the 280-acre Elon Lithium Brine Project, covering an aggregate area of 1,540 acres. Its 3,015-acre Chibougamau project is composed of four separate claim blocks and is located in the direct vicinity of Lac Chibougamau, Quebec, Canada. Its Perron-East Gold Project consists of five mineral claim blocks covering 11,608 acres located in the Abitibi greenstone belt of northwestern Quebec. It also operates George Lake South Antimony Project in New Brunswick, Canada and consists of 1,945 contiguous acres prospective for antimony.


CSE:SPMT - Post by User

Bullboard Posts
Comment by BlackMazzon Oct 15, 2020 10:43am
123 Views
Post# 31720823

RE:Spearmint Rushes Assays Encountering Visual Clay

RE:Spearmint Rushes Assays Encountering Visual ClayJames Nelson, President of Spearmint, stated, "We are very pleased the first three completed drill holes of our ongoing 2020 drill program have each encountered significant intercepts of clay. We are very encouraged from what we saw in these first three drillholes, so in order to get these results to the market as soon as possible, we have decided to have them sent out for immediate assaying on a rush basis. The eyes of the lithium world have been focused on Nevada ever since Tesla's Battery Day on September 22, 2020, when Elon Musk stated his intention to acquire Nevada lithium clay projects and expressed Tesla's overwhelming need to secure domestic lithium deposits to feed their Gigafactory. Spearmint has experienced previous success on our initial modest drill program targeting the clay in 2018 that returned grades as high 1670 ppm. While 2018's drill program occurred at a time when the general market conditions were anemic, management believes that positive results from its current drill program could have a much more meaningful impact at a time when the market is giving value to lithium projects specifically located in Nevada. This current multi-hole drill program will be much more robust than the 2018 drill program and may potentially give Spearmint the ability to delineate a potential resource on our portion of this lithium-bearing clay deposit that we share with Cypress Development Corp. This deposit is one of the select few clay deposits that exist in Nevada, of which Telsa has publicly stated they covet. In addition to our ongoing drill program in Nevada, Spearmint anticipates receiving results in the coming weeks from our recently completed work program on the Goose Gold Project in Newfoundland which directly borders, and is the closest property to New Found Gold's discovery hole (19.0 m of 92.9 g/t Au). As well, we have recently secured Laurentia Exploration of Quebec to commence operations in October on our Perron East gold project in Quebec. As you can see, Spearmint has multiple shots on goal for potential shareholder success and we are very optimistic about what the remainder of 2020 will bring."
Bullboard Posts