Spearmint Commences Operations on its Perron-East Gold Project in Quebec in the Vicinity of AMEX Exploration
SPEARMINT RESOURCES INC.
2905 - 700 West Georgia St.
Vancouver BC V7Y 1C6
Spearmint Commences Operations on its Perron-East Gold Project in Quebec in
the Vicinity of AMEX Exploration
October 28, 2020 - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF)
(FSE: A2AHL5) (the “Company”) wishes to announce that we are now underway with
the initial work program over Spearmint's Perron-East gold project in the direct vicinity
of AMEX Exploration Inc.’s (AMX.V) Perron property (see map). The geological team
conducting the work program, Laurentia Exploration, is a full-service exploration
provider staffed with people specializing in gold exploration, grassroot exploration,
structural geology, drilling, remote logistics, and deposit evaluati on. Laurentia
Exploration also brings a very good knowledge of the Normetal Area. Their geologists
are associated with numerous discoveries and development projects in the region. The
phase 1 work program will include a complete compilation and evaluation of historical
data, a high-resolution magnetic survey, an extensive sampling program, and the
identification of the highest priority drill-hole targets for phase 2. 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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James Nelson, President of Spearmint, stated "We are pleased to be underway with
operations on our Perron-East gold project in Quebec which has multiple fault lines
running through our property. The team at Laurentia Exploration have developed
significant experience in the area having done work for AMEX Exploration (AMX-
TSX.v) as well as Starr Peak Exploration (STE-TSX.v) and we look forward to what this
phase 1 work program will uncover. We are also awaiting results from multiple other
projects. In Clayton Valley, Nevada, the first three completed drill holes from our multi-
hole drill program targeting the known lithium clay formation that we share with Cypress
Development Corp. (CYP-TSX.v) were sent for assaying on a rush basis after
encountering visual clay and clay intercepts ranging between 175-200 feet. Spearmint’s
previous drill results on the Clayton Valley lithium clay project have returned lithium
values as high as 1670 ppm Li (see map). We are also eagerly awaiting results from
Spearmint’s recently completed phase 1 work program on the ‘Goose’ gold project which
is directly bordering, and the closest property to, New Found Gold’s (NFG-TSX.v)
original discovery hole in Newfoundland. New Found Gold continues to release fantastic
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drill results. The remainder of 2020 will be one of the most active periods in Company
history."
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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 ‘Goose’ Gold project directly bordering New
Found Gold Corp. (NFG.v), as well as the 'Clayton Valley Lithium Prospects' in Nevada
comprising 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
results or discoveries on properties in proximity to Spearmint may not necessarily be
indicative to the presence of mineralization on the Company’s properties. In other news,
Ms. Jensen has resigned from the company.
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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.