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.

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Spearmint Resources Inc

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Comment by CHAD2017on Nov 12, 2020 9:00am

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Post# 31883917

RE:NEWS OUT - Spearmint Discovers Positive Gold Indicators

Oilseeker01 wrote:

Spearmint Discovers Positive Gold Indicators from Its Initial Work Program on the 'Goose' Gold Project in Newfoundland Directly Bordering New Found Gold Corp.

2020-11-12 03:02 ET - News Release

Vancouver, British Columbia--(Newsfile Corp. - November 12, 2020) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company") wishes to announce that the Phase I work program completed on the Company's 'Goose' Gold project, directly bordering New Found Gold Corp.'s Queensway project in Newfoundland (see map), has discovered positive Gold indicators. The Phase I rock and soil sampling program saw the collection of 185 soil samples and 21 rock samples across the 'Goose' Gold Property, located in central Newfoundland roughly 1km northwest of New Found Gold Corp's Keats Zone discovery which returned 92.85g/t Au over 19.0m. The high-resolution soil grid had 50m spaced samples along 100m spaced lines and provided detailed geochemical coverage over the Property, representing the first known work on the asset to date. The results of the survey highlight three distinct gold-in-soil anomalies located in the northeast, southeast and western parts of the Property. The anomaly straddling the western Property boundary is oriented in a North-South direction and has a non-continuous strike length of 600m and 250m. In addition, one select float grab sample of a mafic volcanic unit with stockwork quartz-carbonate veining throughout returned 973ppb gold. Management cautions that past results or discoveries on properties in proximity to Spearmint may not necessarily be indicative to the presence of mineralization on the Company's properties.

The Company is extremely pleased with the Phase I results considering the 'Goose' property's proximity to the Keats Zone Discovery and is planning an immediate follow up program to expand on the Phase I results. During the planned phase II program, additional soil sampling will be completed over the multiple gold-in-soil anomalies identified expanding the high-resolution grid in these areas to include 25m x 25m spacing. Additionally, hand trenching of the highest magnitude anomalies from the Phase I program will be completed in order to determine the bedrock source of mineralization. The ultimate plan is to advance the Property to a trench and drill ready stage within the coming weeks.

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