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Vancouver, British Columbia--(Newsfile Corp. - April 12, 2021) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company") is pleased to announce that multiple soil anomalies have been discovered on the 100-percent owned Perron-East gold project in Quebec. Immediate plans are now being formulated for an Induced Polarization (IP) survey over these anomalies with the expectation for a summer drill program once the highest priority drill targets are defined.
The company also wishes to announce that the metallurgy from the Clayton Valley lithium clay project in Nevada, where Spearmint discovered lithium in 10 out of 10 drill holes, is now expected in 2-3 weeks from today, with the potential maiden resource calculation to follow that.
James Nelson, President of Spearmint Resources stated, "We are very pleased to have discovered multiple anomalies on the Perron-East gold project. This project is situated in the direct vicinity of Amex Exploration Inc. and Starr Peak Mining Ltd. who are both undertaking significant drill programs currently utilizing the same geological team as Spearmint (Laurentia Exploration). When you couple this exciting development on the Quebec gold project with the highly anticipated metallurgy data and resource calculation pending, it is clear this is one of the most transformational periods for Spearmint. Not only do we have multiple upcoming catalysts, but we are in the best financial shape in the company's history. We are very optimistic about the next few months in terms of corporate growth for Spearmint."
Clayton Valley Ownership Map
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Mr. Greg Thomson, P.Geo., a director of Spearmint and a Qualified Person as defined by National Instrument 43-101 has reviewed and approved the scientific and technical disclosure contained within this news release.
About Spearmint Resources
Spearmint's current projects include the 'Clayton Valley Lithium Prospects' in Nevada comprised of two claim blocks totaling 1,160 acres bordering Pure Energy Minerals & Cypress Development Corp. where Spearmint's drill results have intersected Lithium values as high as 1,840 ppm Li; the 'Goose' Gold project directly bordering New Found Gold Corp. where Spearmint has sampled up to 973 ppb gold; the 'Escape Lake North' PGM Project in Ontario consisting of ~4,000 contiguous acres directly bordering Clean Air Metals Inc.; the Case Lake South Cesium Project in Ontario consisting of ~7,300 acres directly bordering Power Metals Corp.'s Case Lake Cesium Property; the River Valley East Platinum-Palladium Prospect in Ontario consisting of approximately 4,700 contiguous acres directly bordering New Age Metals flagship River Valley Platinum Group Metals (PGM) project; the Carscallen West Gold Project in Ontario consisting of a ~2500 contiguous acres in the direct vicinity to Melkior Resources Inc.; the Perron-East Gold Prospects consisting of 5 mineral claim blocks covering 11,608 acres located in the Abitibi greenstone belt of northwestern Quebec in the direct vicinity of Amex Exploration Inc.'s Perron property and past-producing Normetal mine; and the 'Chibougamau Vanadium Prospect' comprising of 15,493 contiguous acres directly bordering the vanadium deposit of BlackRock Metal's (private) Ilmenite vanadium project.
Spearmint's current projects also include a portfolio of prospects in the Golden Triangle of British Columbia; the 'Golden Triangle Gold Prospects' comprising of five separate claims blocks totaling 8,265 acres bordering GT Gold Corp, the 2,397 acre 'NEBA' Gold-Copper Prospects bordering Aben Resources Ltd, and the 'EL North' Nickel-Copper Prospect is a contiguous land package of 1,053 acres in the Eskay Creek Camp bordering Garibaldi Resources Corp, as well as the recent acquisition of the 4,980 acre 'Prickle' property bordering Brixton Metals Corp.
Spearmint's other projects in British Columbia include the 'Safari' Copper-Gold Prospect consisting of 9,007 contiguous acres located in the northern Quesnel Trough in North-Central BC, and the 'Hammernose' Gold Prospect consisting of 8,685 acres directly bordering Westhaven Gold Corp.'s Shovelnose Property in the Spences Bridge Gold Belt located in Southern British Columbia, Canada. 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.
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Spearmint Resources Inc.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/80099