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Spearmint Resources Acquires 'Escape Lake North' Platinum Group Metals Project in Ontario
Vancouver, British Columbia--(Newsfile Corp. - May 22, 2020) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company") is pleased t
About this update from Adelayde Exploration Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 22, 2020) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the \"Company\") is pleased to announce that it has acquired the 'Escape Lake North' PGM Project in Ontario, Canada consisting of approximately 2,500 contiguous acres. This new project is prospective for platinum group metals (PGM) and is located near existing infrastructure in a mining-friendly jurisdiction just north of Thunder Bay, Ontario. This new project directly borders Clean Air Metals Inc.'s (AIR.v) Thunder Bay North Project PGM deposit. According to the Clean Air Metals Inc. website, they have recently completed a $15 million-dollar financing to develop this property with a lead order from Eric Sprott. Clean Air has 9.8M tonnes of 2.3g/t PtEq, with 1:1 Platinum, Palladium in resource (Lac des Iles Mine head grade). Clean Air is led by Jim Gallagher, Executive Chair who was most recently CEO of North American Palladium Ltd. (NAP) at the time NAP was sold to Implats for $1B. James Nelson, President of Spearmint, stated \"We are extremely pleased to have acquired this PGM project that is directly bordering this exciting world class PGM deposit. The prices of platinum and palladium have been on a steady uptrend and near all-time highs. We are very optimistic about the future of the PGM and look forward to starting up operations on this new project. Spearmint will be active on multiple projects this summer at a time when the junior mining market is showing robust signs of renewed investor attention.\" About Spearmint Resources Spearmint's current projects include the 'Escape Lake North' PGM Project in Ontario consisting of ~2,500 contiguous acres directly bordering Clean Air Metals Inc. (AIR.v), the Case Lake South Cesium Prospect in Ontario consisting of ~5,000 contiguous 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 Perron-East Gold Prospects consisting of 5 mineral claim blocks covering approximately 10,000 acres located in the Abitibi greenstone belt of northwestern Quebec in the direct vicinity of Amex Exploration Inc.'s (AMX.v) Pe...