Spearmint receives drill permit for Clayton Valley lithium project in Nevada

Spearmint Resources Inc. has received a drill permit from the Bureau of Land Management (BLM) to carry out its planned phase-two drill programme on its Clayton Valley Lithium Project.
Spearmint receives drill permit for Clayton Valley lithium project in Nevada Spearmint receives drill permit for Clayton Valley lithium project in Nevada Spearmint receives drill permit for Clayton Valley lithium project in Nevada Spearmint receives drill permit for Clayton Valley lithium project in Nevada Spearmint receives drill permit for Clayton Valley lithium project in Nevada

The ownership of mineral projects in Clayton Valley, Nevada

This next phase of drilling will be a multi-hole drill programme to test the known claystone hosted lithium mineralisation within Spearmint's McGee lithium project.

Spearmint has two lithium projects in Nevada consisting of the McGee property (Clay) and the Elon property (Brine) which cover an aggregate area of 1,160 acres. Previous drilling on the McGee project intersected lithium as high as 1,670ppm Li.

James Nelson, president of Spearmint, said: "We are pleased to now have our drill permit in hand, and we plan to have drills turning as early as this week. We feel confident in Harrison's ability to perform this drill programme for us as they have many years of knowledge and experience drilling in the Clayton Valley.

"There are several areas of interest in the clay formation and our plan is to systematically work through these zones. Our first drill programme generated some high-grade results, and we believe that a second series of drilling is the key to unlocking the potential of this project. This project lies within a known lithium claystone formation which we share with Cypress Development Corp., who recently announced a measured resource estimate which was increased to 574.1 million tonnes averaging 1,081ppm Li or 3.3 million tonnes lithium carbonate equivalent. We are also actively formulating work programmes for our projects in Quebec and Newfoundland and anticipate the next several weeks to be some of the most active in company history."

Spearmint's current projects include the Goose gold project consisting of 185 acres directly bordering New Found Gold Corp. as well as the Clayton Valley lithium prospects in Nevada comprising of two claim blocks totalling 1,160 acres bordering Pure Energy Minerals & Cypress Development Corp. where Spearmint's drill results have intersected Lithium values as high as 1,670ppm Li; the Escape Lake North PGM project in Ontario consisting of ~4,000 contiguous acres directly bordering Clean Air Metals Inc.; the Case Lake South caesium project in Ontario consisting of ~7,300 acres directly bordering Power Metals Corp.'s Case Lake caesium property; the River Valley East platinum-palladium prospect in Ontario consisting of approximately 4,700 contiguous acres directly bordering New Age Metals flagship River Valley platinum group metals project; the Carscallen West gold project in Ontario consisting of a ~2500 contiguous acres in the direct vicinity to Melkior Resources Inc.; the Perron-East gold prospects consisting of five mineral claim blocks covering 11,608 acres located in the Abitibi greenstone belt of north-western Quebec in the direct vicinity of Amex Exploration Inc.'s 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.

 

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