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

Spearmint Resources Inc

Bullboard Posts

Comment by CHAD2017on Nov 04, 2020 9:51am

65 Views

Post# 31835312

RE:RE:RE:RE:RE:RE:RE:What do you want.

KozmoT wrote: There is already a huge oversupply of lithium. 90% of all the lithium in the world comes from three companies and for two of them it isn't even their main product. And they can turn up the taps any time they want ... google "Lithium supply"

This is from CYP website: A little extra info

Lithium mineralization occurs within montmorillonite clays throughout the sediments to a depth of at least 120 meters. Metallurgical testing indicates low cost processing can be achieved by leaching with low acid consumption (125 kg/t) and high lithium recovery over 85% Li. These high extractions prove the dominant lithium-bearing minerals present are not hectorite, a refractory clay mineral which requires roasting and/or high acid consumption to liberate the lithium.

They also conducted a prefeasability study: Based on 900 PPM cutoff.

In August 2020, Global Resource Engineering (GRE) completed an updated Mineral Resource Estimate for the Company's Clayton Valley Lithium Project utilizing the same economic and mining parameters found in the Company's May 2020 Prefeasibility Study (PFS). Measured and Indicated Mineral Resources increased 55% to 929.6 million tonnes averaging 1,062 ppm Li (5.2 Mt LCE) based on a cut-off grade of 900 ppm Li. No changes in the PFS Mineral Reserves, mine design or production schedule have been made at this time.

If SPMT had similar formation then lithium might not be all bad to be in.

Good luck everyone

Bullboard Posts

How one company is disrupting PoC testing