- Spearmint Resources (CSE:SPMT) has acquired the Clayton Ridge Project in Clayton Valley, Nevada
- Comprising 35 contiguous claims totalling 2.9 square kilometres, the Clayton Ridge Project was acquired via staking
- The team is formulating plans for its 2023 drill program in Clayton Valley
- Spearmint Resources stocks (CSE:SPMT) opened trading at $0.045 per share
Vancouver-based Spearmint Resources (CSE:SPMT) has acquired the Clayton Ridge Project in Clayton Valley, Nevada.
Comprising 35 contiguous claims totalling 2.9 square kilometres, the Clayton Ridge Project was acquired via staking.
Spearmint’s president, James Nelson said in a news release that adding another project to the Clayton Valley portfolio comes at a time when several exciting lithium developments are potentially ahead.
“SLB (formerly Schlumberger Ltd.) is nearing the final stages of testing their lithium brine processing plant on Pure Energy’s brine project, where Spearmint’s Elon Lithium Brine Project is completely surrounded by Pure Energy’s property. Also, regarding Spearmint’s McGee Lithium project, which directly borders Century Lithium Corp.’s Clayton Valley Lithium Project, we are expecting developments on Century’s collaboration with Koch Technology Solutions on their application of the Li-Pro process for direct lithium extraction. With all these significant developments happening around us in Clayton Valley, combined with our planned upcoming drilling, we feel the second half of 2023 could have a significant impact for our shareholders.”
The team is formulating plans for its 2023 drill program in Clayton Valley. Management warned that past results or discoveries on nearby properties may not necessarily be indicative to the presence of mineralization on its properties.
Spearmint Resources Inc. is a mineral exploration company whose principal business activities include acquiring, exploring, and evaluating mineral properties.
Spearmint Resources Inc. opened trading at $0.045 per share.
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