Bullboard - Stock Discussion Forum 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... see more

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Spearmint Resources Inc > Spearmint Awaits Metallurgical Analysis re 10 \ 10 DDH Hits

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Post by stanley on Feb 05, 2021 5:39am

Spearmint Awaits Metallurgical Analysis re 10 \ 10 DDH Hits

Lurk & Learns:

While today's news is early in the ascent to production, the identification of potential US based supply in the face of China's potentially restricting of exports could be significant.

A metullargist will take the ten holes, and interpolate the intersections (depth, grade, thicknesses, crosssectional dip, hole spacing, etc) to calculate/estimate the resource.

Point being, a "nosy neighbour" or a company wanting to be the go to name in the Clayton Valley, will have NO problem coming up with their owns GUESSTIMATE, long before the consultant dots the "i" & cross the "t's".

I have re-posted the link for the potential upside for Lithium as it might be helpful for someone thinking that $2 mln" in the treasury might help Spearmint take the necessary steps to the next phase of a growth stragtegy..... whatever that might be.

Lithium vis a vis Electric Vehicles (EV) Going Foward

BWDIK? Lithium is a strategic mineral, with the "depth of burial" (for quarrying operations) being a significant factor.

GLTAL - GLAP

Cheers
Stanley

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