Highest Gold Values Discovered to Date on Spearmint’s Hammernose Gold Project in the Spences Bridge Gold Belt of British Columbia
SPEARMINT RESOURCES INC.
2905 - 700 West Georgia St.
Vancouver BC V7Y 1C6
Highest Gold Values Discovered to Date on Spearmint’s Hammernose Gold
Project in the Spences Bridge Gold Belt of British Columbia
December 8, 2020 - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF)
(FSE: A2AHL5) (the “Company”) is pleased to announce that it has received the
sampling results from its phase II work program on the ‘Hammernose’ Gold Project,
located in the Spences Bridge Gold Belt (SBGB) of Southern British Columbia. The
Hammernose Gold Project consists of 8,685 acres directly bordering Westhaven Gold
Corp.’s (WHN.v) Shovelnose Property. A detailed soil geochemical survey was
performed by Rio Minerals Limited on the Hammernose Property located south of Merritt
BC. Forty-five soil samples were taken on a localized grid of 5 soil lines, with 20m line-
separation. Sampling results included several samples returning anomalous gold values
with a high value of 132 ppb Au, at the northeast corner of the survey grid.
On July 9, 2020, Westhaven announced drill results that returned 34.00 metres (m) of
1.21 g/t gold (Au) and 3.68 g/t silver (Ag), including: 1.00m of 15.70 g/t Au and 77.50
g/t Ag within 200m of surface at Shovelnose. 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.
- 2 -
James Nelson, President of Spearmint, stated "We are very pleased to have discovered
our highest gold values to date on the Hammernose Project in BC. These encouraging
results will help guide the next phase of work and ultimately assist towards defining the
highest priority targets on the Hammernose Project. Spearmint has a robust portfolio of
quality projects. The Hammernose is probably our fourth highest priority project
currently, behind our Clayton Valley Lithium Clay Project in Nevada, our Goose Gold
Project in Newfoundland, and our Perron-East Gold Project in Quebec. In addition to
receiving these positive results in BC, we are also eagerly awaiting drill results from the
10-hole drill program on our Clayton Valley Lithium Clay Project in Nevada and are
currently active on our Perron-East Gold Project in Quebec in the vicinity of Amex
Exploration Inc. The weeks ahead are expected to be very exciting at a time when the
TSX Venture and The CSE markets are trading at year highs with strong momentum.
Management is extremely optimistic about the remainder of 2020 and into 2021.”
- 3 -
- 4 -
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 ‘Goose’ Gold project directly bordering New
Found Gold Corp. (NFG.v) where Spearmint has sampled up to 973 ppb gold, as well as
the 'Clayton Valley Lithium Prospects' in Nevada comprised of two claim blocks totaling
1,160 acres bordering Pure Energy Minerals (PE.v) & Cypress Development Corp.
(CYP.v) where Spearmint's drill results have intersected Lithium values as high as 1670
ppm Li; the ‘Escape Lake North’ PGM Project in Ontario consisting of ~4,000 contiguous
acres directly bordering Clean Air Metals Inc. (AIR.v); the Case Lake South Cesium
Project in Ontario consisting of ~7,300 acres directly bordering Power Metals Corp.’s
(PWM.v) 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 (NAM:CSE) 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. (MKR.v); 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 (AMX.v) 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 (GTT.v), the 2,397 acre
‘NEBA' Gold-Copper Prospects bordering Aben Resources Ltd (ABN.v), 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 (GGI.v), as well as the recent
acquisition of the 4,980 acre ‘Prickle’ property bordering Brixton Metals Corp. (BBB.V).
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 (WHN.v) Shovelnose Property in the Spences Bridge
Gold Belt located in Southern British Columbia, Canada. Management cautions that past
- 5 -
results or discoveries on properties in proximity to Spearmint may not necessarily be
indicative to the presence of mineralization on the Company’s properties.
If you would like to be added to Spearmint's news distribution list, please send your email
address to [email protected]
Contact Information
Tel: 1604646-6903
www.spearmintresources.ca
"James Nelson"
President
Spearmint Resources Inc.
The CSE has not reviewed and does not accept responsibility for the adequacy or
accuracy of the content of this release.