Canada markets closed

Spearmint Resources Inc. (SPMT.CN)

Canadian Sec - Canadian Sec Real Time Price. Currency in CAD
Add to watchlist
0.07000.0000 (0.00%)
At close: 03:55PM EDT

Yahoo Finance will soon be upgrading our Conversations message board platform to provide a better experience for our users. Only comments published since April 21, 2021 will be visible on Yahoo Finance after the upgrade. If you wish to download and save any of your older comments, please submit a request via the Privacy Dashboard by no later than Sept. 30.

Sign in to post a message.
  • M
    Wow, ppl are desperate. Selling their share at this level. At least hold on till the result of the drilling. It could litterally skyrocket on a severe find
  • H
    Hertz 2P
    1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE.

    $17000/metric tonne

    Total potential value = $35B
    Current market cap is what, $17M?

    What am I missing.
  • S
    their last few release indicsted that they've doubled their estimated resources on 100% owned properties and the price continues to fall...? how?
  • L
    News on Goose Gold. Really wish the word “gold” made an appearance, but maybe it’s premature for that?

    Spearmint Resources: Drill Program Completed on the Goose Gold Project in Newfoundland

    Drilling Completed Newfoundland/Labrador
    Mr. James Nelson reports:
    Vancouver, British Columbia--(Newsfile Corp. - August 12, 2022) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company" or "Spearmint") wishes to announce that the maiden drill program has now been completed on the 100-percent owned "Goose Gold Project" directly bordering New Found Gold Corp.'s Queensway project in Newfoundland (see map below). Four diamond drill holes (DDH) were located and drilled for a total 677 meters of drilling completed.

    The 2022 Drill program was designed to test targets identified along a major NE-trending magnetic lineament and several narrow, magnetic trends that also contained overlapping geochemical anomalies. These targets were generated as a result of the phase one program completed in 2021.

    Spearmint wishes to report that the 2022 diamond drilling program identified multiple mineralized and altered fault zones. All DDH holes completed on the Goose Gold property have intersected faulting and shearing zones consisting of graphitic shale alteration and containing multiple generations of quartz veining and stockwork. Several generations of quartz carbonate veins were observed to contain sulfide mineralization including boulangerite, chalcopyrite and arsenopyrite. Minor vuggy quartz veining with stylolitic textures were noted to be present in multiple segments of core within each hole drilled.

    James Nelson, President of Spearmint Resources, stated, "We are pleased to have now completed the much-anticipated maiden drill program on our 'Goose Gold Project' directly bordering New Found Gold Corp.'s Queensway project. We look forward to receiving the drill results. Spearmint also recently announced a major upgrade to our resource estimate in Nevada on our McGee Lithium Clay Deposit, having more than doubled the previous amount of lithium carbonate equivalent (LCE) to 1,369,000 indicated tonnes and 723,000 inferred tonnes of LCE for a total of 2,092,000 tonnes of LCE. We feel the second half of 2022 could have a significant impact for our shareholders."

    On June 17, 2022, the Company announced that it has received the updated Technical Report and Mineral Resource estimate for the 100-per-cent-owned McGee Lithium Clay Deposit in Clayton Valley, Nevada. The Technical Report included an updated Mineral Resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, more than doubling the maiden resource estimate announced on June 11, 2021. The Technical Report and Mineral Resource Estimate was prepared by Derek Loveday, P.Geo. and Mariea Kartick, P.Geo. of Stantec Consulting Services Ltd. ("Stantec") in conformity with CIM "Estimation of Mineral Resource and Mineral Reserves Best Practices" guidelines and were reported in accordance with the Canadian Securities Administrators NI 43-101.
  • R
    why would anyone sell now ! Oh no their drilling
  • R
    is this still alive it's going to be worth more than you can imagine shortly !
  • B
    is this still alive ?
  • P
    PP Closed! That was fast!!!

    "We are pleased to have closed this flow-through financing at a significant premium to the market, including an initial investment by certain funds managed by Sprott Asset Management LP ("Sprott"). Having Sprott participate in this financing is an endorsement to, and validates management's vision for the future of the Company. This round of financing enables Spearmint to be fully funded to aggressively pursue multiple work programs. Spearmint's primary use of the flow-through funds will be a planned drill program on our Perron-East Gold project in Quebec in the direct vicinity of Amex Exploration Inc. and Starr Peak Mining Ltd. These upcoming work programs are a compliment to the near-term catalysts expected from our flagship 'Clayton Valley Lithium Clay Project' in Nevada where Spearmint is anticipating to receive results from metallurgical testing shortly, followed by a Technical Report and potential maiden resource estimate completed by Stantec Consulting Ltd.. Spearmint is now fully funded for all planned work/drill programs in 2021 and management is optimistic about Spearmint's short and long-term growth potential now having approximately $3,500,000 in the treasury."
  • b
    Big things coming! Had a great talk with a lead consultant at Spearmint. This latest drill hole literally will 3x what they have found already. Ha I tried to talk about gold as well and other projects, but lithium is what this is about. They are in between Pure Energy and Cypress. This new drill will run from one side to the other. It's the longest intercept to date in Clayton Valley. Bigger than Albemarle or anyone the other player in the valley , the longest. The unknown land that comes between ours is Elon Musk, so imhop that says we are in the right place. This year will be amazing to say the least for anyone , or company in the Clayton region. On top of all of this Pure and Cypress are both investing 40 mil each to streamline Brine extraction with one of the biggest oil servicing companies And the other is investing in processing clay lithium on the other side. Sureal how big this will be. Have a great day everyone!
  • 9
    Spearmint's direct neighbour in Newfoundland, New Found Gold
    just announced massive drill results of intercepts grading 146.2 g/t Au over 25.6m in 65m step-out to South at Keats, Extends High-Grade Zone to 425m Down-Plunge (Full release below). Spearmint’s property is approximately 1 kilometre from this discovery and Spearmint has the closest property to the Keats Zone (see map).

    Spearmint has just closed a placement at a significant premium to the current market price in which certain funds managed by Sprott Asset Management LP participated. Sprott is the one of the largest shareholders in New Found Gold. Spearmint is fully cashed up to commence operations in Newfoundland on its Goose Gold Property with work expected to commence shortly.
  • b
    Yesterday, one of our Clayton Valley, Nevada neighbours, Noram Lithium Corp (NRM-CANADA) NRVTF--USA) announced a significant partnership to move forward their Clayton Valley Lithium deposit (full release below). This blanket like formation is shared by Noram, Cypress and Spearmint. Cypress has also just secured significant funding to develop their deposit. This shows how much interest is in the the tiny Clayton Valley of Nevada, home to the only currently producing lithium field in North America. Spearmint just has just encountered two of the single largest lithium bearing clay intercepts ever drilled in the Clayton Valley and assays have been rushed with results expected in the next couple weeks. Spearmint is in a strong cash position right now and if the grades on this phase of drilling come back similar to what we have already achieved, the resource we currently have should get re-evaluated.


    This is a spectacular intercept. One of the longest recorded in the history of Nevada clay drilling EVER. This now gives Spearmint two massive drill intercepts in this phase of the drilling and we are extremely excited to rush the assays to get the results as soon as possible. This phase of the drilling was as far to the west of the property as we have drilled and into an area that was providing zero to the 1,006,000 tonnes of lithium carbonate equivalent (LCE) that was given to Spearmint by Stantec on the maiden report done. This drill location was approximately 3700 feet from the closest previous drill location. This phase could drastically add to our current resource if the grades come in similar to what we have already seen on this project to date. February is going to be a very exciting time for Spearmint shareholders.
  • A
    James Nelson, President of Spearmint Resources stated, "We were extremely pleased to have discovered positive gold indicators on our initial work program. Newfoundland is quickly emerging as one of the most exciting gold districts in the world and being the closest project to New Found Golds 'Keats' discovery and brand new 'Golden Joint' discovery is very encouraging. Abitibi has a proven track record, and we are eager to begin working towards generating drill targets and additional exploration concepts. We are well funded for this work program including flow-through funds which include an initial investment by certain funds managed by Sprott Asset Management LP. Considering this marks the third work program we are currently in the process of undertaking for the summer, 2021 is shaping up to be the busiest and most transformative year for the Company. Crews are also currently underway on our gold project in Quebec in the direct vicinity of Amex Exploration Inc. and Starr Peak Mining Ltd. as well as our Escape Lake North project directly bordering Clean Air Metals in an area hosting a world-class PGM deposits."
  • A
    James Nelson, President of Spearmint Resources stated, "We are extremely excited to have begun the phase II work program on our 'Goose Gold Project' directly bordering New Found Gold Corp.'s Queensway project. New Found Gold continues to have success on their project and this work program is designed to tighten up last years results with the goal of defining drill targets and additional exploration concepts. We also recently closed on the acquisition of the 'Green Clay Lithium Project' in the Clayton Valley of Nevada where we plan to begin a work program shortly. Additionally, a phase III drill program on our flagship Clayton Valley Lithium project is being planned for Fall 2021 with the goal to build upon our recently released a maiden resource estimate which included a total of 1,006,000 tonnes of Lithium Carbonate Equivalent (LCE). We are well funded for multiple drill and work programs in the US and Canada and look forward to building upon an already active and successful year."
  • D
    I like this bit from today's NR; "... We will remain active on at least three projects within Canada and anticipate beginning a phase 3 drilling program on our flagship Clayton Valley Lithium project as well to further build upon our recently released resource estimate which included a total of 1,006,000 tonnes of Lithium Carbonate Equivalent (LCE)."
  • P
    so this is what I just learned by calling spearmint directly. Jim (president) wasn't in the office but I spoke to an associate. The results may still be 2-3 weeks away. the reality is that covid slows everything down and places like testing facilities are working at half capacity. the private placement was closed almost immediately and he said when we find out who is backing this placement it would be good news. he also said they have some marketing planned to explain everything coming soon. Patience guys. they can't speed up the results but they know it will be good
  • b
    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."
  • b
    Vancouver, British Columbia--(Newsfile Corp. - January 21, 2022) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company" or "Spearmint") is pleased to announce that the first drill hole (hole #15) of the phase III drill program on Spearmint's 100-percent owned 'McGee Lithium Clay Project' in Clayton Valley, Nevada has encountered 562 feet of continuous potential lithium-bearing claystone, directly bordering Cypress Development Corp. and Pure Energy Minerals Limited. To date, this is the longest clay intercept discovered on the 'McGee Lithium Clay Project' and the farthest step-out hole to the West, approximately 2,500 feet from any previous drill hole.
    On June 11, 2021, Spearmint received the Technical Report on its 'McGee Lithium Clay Project' which included a maiden resource estimate of 815,000 indicated tonnes and 191,000 inferred tonnes for a total of 1,006,000 tonnes of lithium carbonate equivalent (LCE). The Technical Report was prepared in accordance with the requirements of National Instrument 43-101 by Stantec Consultant Ltd.'s qualified persons (Allan Turner, PGeol, and Derek Loveday, PGeo). The goal of this drill program will be to increase the maiden resource estimate by following the drilling recommendations provided by Stantec in the Technical Report. Spearmint's two other lithium projects in Clayton Valley, Nevada include the recently acquired 'Green Clay Lithium Project' comprised of 97 contiguous claims totaling approximately 2,000 acres, and the 'Elon Lithium Brine Project' which has access to some of the deepest parts of the only lithium brine basin in production in North America. Lithium prices continue to make new all-time highs and have increased by over 500-percent since the start of 2021.

    James Nelson, President of Spearmint Resources stated, "We are extremely pleased to have discovered our longest continuous intercept of potential lithium-bearing claystone to date on our flagship project, the McGee Lithium Clay Project in Clayton Valley, Nevada. Not only has hole #15 been our longest clay intercept, but hole #15 is also located the farthest away from any previous drill hole at an approximate distance of 2,500 feet to the West. If this hole runs at economic grades of lithium, similar to what we've already drilled, it could potentially increase our resource estimate significantly. This is one of the longest continuous intercepts of claystone reported to date in the Clayton Valley of Nevada. We are off to a fantastic start on this phase of drilling, especially when you consider lithium prices are at all-time highs."
  • P
    Drill program just completed by Spearmint in Nevada! All 10 holes hitting Lithium bearing clay with one of the holes encountering 260 feet of continuous targeted clay starting at 5 feet from the surface! Spearmint is clearly one of the most active junior mining companies in the market right now. Spearmint is also the first lithium explorer to have drill results out in this exciting Nevada lithium district since Elon Musk commented about Tesla's intention to enter the lithium mining business in Nevada (on Tesla's battery day September 22, 2020). At 0.04c this is a great opportunity to jump in for very likely and significant profits. Keep in mind that Spearmint is also currently underway with a work program in Quebec on its Perron-East Gold Project.
  • K
    This stock has very low volume because it’s not known (yet) I live in Reno NV. This area is going to pop in the EV sector. Bought in a little high @ .15. Been watching since .08. This is a long term hold. All lithium in Clayton valley will be on everyone’s radar soon. Hold and wait. Not financial advise.
  • B
    Spearmint shares this blanket like lithium claystone formation with Cypress Development Corp. and lithium prices are currently at all-time highs. We expect to have two major drill programs started before the end of the year, at a time when most companies aren't able to secure one drill contractor. Spearmint currently has approximately $3 million in the treasury with no need to raise additional funds. We look forward to building upon an already active and successful year and we are about to enter a major news flow cycle. The remainder of 2021 and beyond will be an extremely active period for Spearmint with potential catalysts coming ahead on multiple projects."

    This is from todays NR.... the News will be huge and this thing is going to blow up!!!