April 12, 2021 – Spearmint
Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the “Company”) is pleased to announce that multiple soil
anomalies have been discovered on the 100-percent owned Perron-East gold
project in Quebec. Immediate plans are now being formulated for an
Induced Polarization (IP) survey over these anomalies with the expectation for
a summer drill program once the highest priority drill targets are defined.
company also wishes to announce that the metallurgy from the Clayton Valley lithium
clay project in Nevada, where Spearmint discovered lithium in 10 out of 10 drill
holes, is now expected in 2-3 weeks from today, with the potential maiden
resource calculation to follow that.
James Nelson, President of Spearmint
Resources stated, “We are very pleased to have discovered multiple
anomalies on the Perron-East gold project. This project is situated in
the direct vicinity of Amex Exploration Inc. (AMX—tsx.v) and Starr Peak Mining
Ltd. (STE—tsx.v) who are both undertaking significant drill programs currently
utilizing the same geological team as Spearmint (Laurentia Exploration).
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.”
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
About Spearmint Resources
projects include 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 1,840 ppm Li; the ‘Goose’ Gold project
directly bordering New Found Gold Corp. (NFG.v) where Spearmint has sampled up
to 973 ppb gold; 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.
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.
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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Spearmint Resources Inc.
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