Spearmint Expands Clayton Valley Nevada Lithium Clay Drill Program After Successfully Encountering Clay in Every Hole Drilled To Date
SPEARMINT RESOURCES INC.
2905 - 700 West Georgia St.
Vancouver BC V7Y 1C6
Spearmint Expands Clayton Valley Nevada Lithium Clay Drill Program After
Successfully Encountering Clay in Every Hole Drilled To Date
November 3, 2020 - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF)
(FSE: A2AHL5) (the “Company”) wishes to announce that based on the initial
indications of the first six holes drilled in Nevada, Spearmint Resources Inc. has decided
to extend the drill program to two additional holes. Spearmint has encountered visual
clay in each of the first six holes and has already rushed the first three holes in for
assaying. The company has received approval from the BLM (Bureau of Land
Management) to extend this program.
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James Nelson, President of Spearmint, stated "We are pleased to extend this drill
program. We are very encouraged to have encountered visual clay in each of the first
six holes drilled and look forward to adding more holes to this program. This is the
most ambitious drill program that Spearmint has undertaken and we are very optimistic
about what we have encountered to date. We eagerly look forward to the first rushed
assays on this project. We feel that battery metals will have a strong resurgence in 2021
especially in light of the explosive growth of the EV sector globally in 2020. Not only
has the massive boom started to fully take hold, but Elon Musk stated at the Tesla
Battery Day September 22, 2020 his desire to acquire lithium clay deposits in Nevada.
These comments have put a large microscope on the few known lithium deposits in
Nevada, of which Spearmint is the only company currently drilling into one of these
known formations. Not only is Spearmint successfully drilling for lithium right now in
Nevada, we are active on three separate gold programs in BC, Quebec and
Newfoundland and expect results back on each of these this month. Clearly Spearmint
is one of the most active junior mining companies in the market right now.”
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
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
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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.
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.