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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 Paray99on Nov 16, 2022 9:16am
220 Views
Post# 35102737

This is a scam!

This is a scam!

I was under big scope for this company at first place and after their drilling for gold near the NFG property, I realized it is all a scam. 

these guys just acquire a small property (by small, I mean really really small), and try to pump it up. Since they don't have any good geologists (or it doesn't matter for them as it is a scam anyway), there is no fundamental reasoning for their drill locations. And we saw the results from those gold drill holes. These was literally nothing.

Their lithium play is also very similar to this. since lithium occurrences are bit more spread out than concentrated gold plays, their drill holes will show up something. But, at the end, they need someone to buy this out. Nobody will buy it, since big players knows these guys will simply exit the scene once they cannot fund this! 

I lost a big chunk by investing in this, so I looked into their history and there is nothing that convince us to hold on to this. It's management has no merits so far!

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