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Highest Gold Values Discovered to Date on Spearmint's Hammernose Gold Project in the Spences Bridge Gold Belt of British Columbia
Vancouver, British Columbia--(Newsfile Corp. - December 8, 2020) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company") is pleas
About this update from Adelayde Exploration Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - December 8, 2020) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the \"Company\") is pleased to announce that it has received the sampling results from its phase II work program on the 'Hammernose' Gold Project, located in the Spences Bridge Gold Belt (SBGB) of Southern British Columbia. The Hammernose Gold Project consists of 8,685 acres directly bordering Westhaven Gold Corp.'s Shovelnose Property. A detailed soil geochemical survey was performed by Rio Minerals Limited on the Hammernose Property located south of Merritt BC. Forty-five soil samples were taken on a localized grid of 5 soil lines, with 20m line-separation. Sampling results included several samples returning anomalous gold values with a high value of 132 ppb Au, at the northeast corner of the survey grid. On July 9, 2020, Westhaven announced drill results that returned 34.00 metres (m) of 1.21 g/t gold (Au) and 3.68 g/t silver (Ag), including: 1.00m of 15.70 g/t Au and 77.50 g/t Ag within 200m of surface at Shovelnose. 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. James Nelson, President of Spearmint, stated, \"We are very pleased to have discovered our highest gold values to date on the Hammernose Project in BC. These encouraging results will help guide the next phase of work and ultimately assist towards defining the highest priority targets on the Hammernose Project. Spearmint has a robust portfolio of quality projects. The Hammernose is probably our fourth highest priority project currently, behind our Clayton Valley Lithium Clay Project in Nevada, our Goose Gold Project in Newfoundland, and our Perron-East Gold Project in Quebec. In addition to receiving these positive results in BC, we are also eagerly awaiting drill results from the 10-hole drill program on our Clayton Valley Lithium Clay Project in Nevada and are currently active on our Perron-East Gold Project in Quebec in the vicinity of Amex Exploration Inc. The weeks ahead are expected to be very exciting at a time when the TSX Venture and The CSE markets are trading at year highs with strong momentum. Management is extremely optimistic about the remainder of 2020 and into 2021.\" Spearmi...