Spearmint Resources Completes 1st Drill Hole, Intersecting Clay Formation at its 100% Owned Lithium Project in Clayton Valley, Nevada - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - February 27, 2018) - Spearmint Resources (TSXV: SRJ) (OTC Pink: SPMTF) (FSE: A2AHL5) completes its first drill hole on its lithium project in the world-renowned lithium basin in Clayton Valley, Nevada. The 100% owned Clayton Valley lithium prospect consists of two claim blocks totalling 800-acres bordering Pure Energy Minerals & Cypress Development Corp.
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The plan calls for 3 wells testing the green clay formation and 1 deep well testing the deep brine target located less than 1/2 mile east of a Pure Energy Minerals exploration hole that was completed as a production well. This first hole "SMR-1", a reverse circulation hole, was terminated at 340 feet, after penetrating a thick section, approximately 250 feet, of targeted clay.
Samples were rushed to Reno for immediate assaying. Drilling is continuing on the second hole.
James Nelson, President, stated: "We are pleased that the first hole has intersected the targeted lithium bearing clays. We look forward to what the assay results will return and look forward to next 3 holes."
Other Lithium Properties
Spearmint also has three lithium projects in Quebec, including the 4,485-acre 'Pressiac Lithium Prospect', the 524-acre 'Whabouchi Lakes Lithium Prospect', and the 2,636-acre 'Whabouchi Lakes West Lithium Prospect' in the vicinity of Nemaska Lithium Inc. & Critical Elements Corp.
Vanadium Properties
Spearmint's 'Chibougamau Vanadium Prospects' comprise of five separate claim blocks totalling 9,735-acres bordering, or in the direct vicinity of, the vanadium deposit of BlackRock Metal's (private) Ilmenite vanadium project, Vanadiumcorp Resource Inc. and Vanadium One Energy Corp.
Gold Properties
Other current projects include three areas of focus on gold in British Columbia. The 'Golden Triangle Gold Prospects' comprising of four separate claim blocks totaling 4,095-acres bordering GT Gold Corp, and the 3,052 acre 'Neba Prospect' bordering Aben Resources. Spearmint's 8,482 acre 'EL North' Nickel-Copper Prospect is a contiguous land package that includes the 'EL North, EL North 2 and the BUDDY claims' in the Eskay Creek Camp bordering Garibaldi Resources Corp.
The company's 'Gold Mountain Prospects' comprising of three separate claim blocks totaling 1,245-acres borders Barkerville Gold Mines, and the 1,500 acre 'WHY WEST' Magnesium project near Rossland, BC directly borders West High Yield Resources.
For more information, please visit www.spearmintresources.ca, contact James Nelson, President, at 604-646-6903 or email info@spearmintresources.ca.
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