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Spearmint Resources Inc C.SPMT

Alternate Symbol(s):  SPMTF

Spearmint Resources Inc. is a Canadian junior resource exploration company. The Company's principal business activities include acquiring and exploring exploration and evaluation assets. The Company's Clayton Ridge project in Clayton Valley, Nevada, is comprised of 12 contiguous claims totaling approximately 248 acres. The Company 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 100-per-cent-owned Perron-East Gold Project consists of five mineral claim blocks covering 11,608 acres located in the Abitibi greenstone belt of northwestern Quebec.


CSE:SPMT - Post by User

Post by knoxton Feb 15, 2022 8:01am
259 Views
Post# 34429115

news

news
 
Spearmint Completes Drill Program on the Perron-East Gold Project in Quebec

 

15 Feb 202203:02 ET  

Newsfile Corp

 

Vancouver, British Columbia--(Newsfile Corp. - February 15, 2022) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company" or "Spearmint") is pleased to announce the phase I drill program has been completed on the Company's 100-percent owned Perron-East Gold Project in Quebec, located in the direct vicinity of Amex Exploration Inc. and Starr Peak Mining Ltd. Laurentia Exploration, the same geological team who've conducted significant drill programs for both Amex Exploration Inc. and Starr Peak Mining Ltd., oversaw all aspects of Spearmint's drill program.

The drilling campaign started in December 2021 and finished in February 2022. A total of 2,100 m of NQ size was drilled and a total of 545 samples were collected during this campaign. The samples will be sent to ALS for assaying with an expected turnaround time of 8-12 weeks. The drill program was aimed to test different targets based on historical data and recently acquired data. The first portion of the drill program targeted a similar geological context then nearest historical showings (Turgeon Lake: up to 18.7 g/t Au over 3.09 m. (GM 54287, April 29th 1996) and; Rollmac: 31,298 tons grading 11.99 g/t Au (historical and non-compliant NI43-101, Northern Miner, July 13, 1992). The other portion of the drill program, was based on soil anomalies, chargeability anomalies coupled with various different structure identified with hi-resolution mag survey. 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.

James Nelson, President of Spearmint Resources stated, "We are very pleased that we have completed this drill program on budget, and we look forward to what the assays will show. Not only are we awaiting these assays, but we are also awaiting assays, sent on a rush basis, from our McGee Lithium Clay Project in Clayton Valley, Nevada, where we recently drilled two of the longest continuous potentially lithium-bearing clay intercepts ever recorded in Clayton Valley. Clearly the coming weeks will be a transformative time for Spearmint."

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Figure 1

 

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