Spearmint Hits Claystone in Every Drill Hole on its Now Completed 10-Hole Drill Program on the Clayton Valley Lithium Clay Project in Nevada
SPEARMINT RESOURCES INC.
2905 - 700 West Georgia St.
Vancouver BC V7Y 1C6
Spearmint Hits Claystone in Every Drill Hole on its Now Completed 10-Hole Drill
Program on the Clayton Valley Lithium Clay Project in Nevada
November 23, 2020 - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink:
SPMTF) (FSE: A2AHL5) (the “Company”) wishes to announce that the Company has
now completed a major 10-hole drill program that encountered the targeted potential
lithium hosting claystone (see figure 1) in every drill hole. Samples from all 10 drill
holes have now been submitted for assaying with the first three holes submitted on a
rush basis. The Company expects to receive the initial results back in the coming 1-3
weeks. The second to last hole drilled, #13, encountered a substantial, approximate 260
feet of continuous targeted clay starting at 5 feet from the surface. Management was not
expecting hole #13 to encounter such a significant amount of continuous clay from so
close to the surface.
Figure 1.
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Claystone from Spearmint’s 2020 multi-hole drill program
James Nelson, President of Spearmint, stated "We are extremely pleased to announce
the completion of our 2020 10-hole drill program on the Clayton Valley Lithium Clay
Project in Nevada. We are very encouraged to have hit substantial intercepts of the
targeted and potentially lithium hosting claystone in all 10 drill holes and at proximity
so close to the surface. This is the most ambitious drill program that Spearmint has ever
undertaken and we are very optimistic about what the results could yield. This drill
program should enable Spearmint to start to establish a resource estimate for this
project. We look forward to seeing two waves of drill results from this project, starting
with results from the first 3 completed drill holes that were sent for assaying on a rush
basis. 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. Ever since the
comments Elon Musk made about Tesla’s intention to enter the lithium mining business
in Nevada (on Tesla’s battery day September 22, 2020) there has been a spotlight on the
few known lithium deposits within the State of Nevada. Spearmint expects to be the first
lithium explorer to have drill results out in this exciting known lithium district since Mr.
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Musk made those comments. Not only has Spearmint just successfully completed a
lithium drill program in Nevada, but we also recently announced the discovery of
positive gold indictors from our Goose Gold project in Newfoundland, directly
bordering and closest to the discovery by New Found Gold (announced on November
12, 2020). Spearmint is also currently underway with a work program in Quebec on its
Perron-East Gold Project. Clearly Spearmint is one of the most active junior mining
companies in the market right now.”
Figure 2.
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In 2018, Spearmint drilled lithium values as high as 1670 ppm Li.
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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) where Spearmint has sampled up to 973 ppb gold, as well as
the 'Clayton Valley Lithium Prospects' in Nevada compris ed 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
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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.