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Spearmint Resources Acquires the 'Goose' Gold Project Directly Bordering the New Found Gold Discovery in Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - August 11, 2020) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: SQH) (WKN: A2AHL5) (the "Company"
About this update from Adelayde Exploration Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - August 11, 2020) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: SQH) (WKN: A2AHL5) (the \"Company\") is pleased to announce that it has acquired a 100% interest in the 'Goose' Gold Project directly bordering the discovery made by New Found Gold. New Found Gold had recent drill intercepts of 92.9 g/t Au over 19.0m which was one of the best drill intercepts globally in 2020. The Trans-Canada Highway runs just south of the 'Goose' Project providing year-round access. 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 thrilled to have acquired this highly prospective gold project in Newfoundland directly bordering the recent discovery by New Found Gold. The new discovery is one of the highest-grade intercepts anywhere in 2020. Having a footprint in the highly prospective Central Newfoundland Gold Belt is a great next step in providing value to our shareholders. This project is one of, if not the closest properties to the new discovery. Management is currently formulating plans to immediately begin a work program on this property as we are now well funded. We are also expecting results from the Hammernose Gold work program shortly as well as formulating a drill program for our Clayton Valley lithium project and a work program on our Perron Gold project. As you can see, the weeks ahead are shaping up to be the busiest in company history.\" Figure 1: Spearmint Goose Gold Project 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 release. To earn a 100-per-cent interest in the 'Goose' Project from an arm's-length party, the company will issue 2 million common shares of the company subject to exchange approval. The underlying vendor will retain a 1.5% net smelter royalty (NSR). The 'Goose' Project consists of 3 claim blocks (185 acres). About Spearmint Resources 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 Prospec...