Business
Spearmint Resources Commences Operations on Hammernose Gold Project in the Spences Bridge Gold Belt of British Columbia
Vancouver, British Columbia--(Newsfile Corp. - July 14, 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. - July 14, 2020) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: SQH) (WKN: A2AHL5) (the \"Company\") is pleased to announce that it has commenced a work program on the 'Hammernose' Gold Project consisting of 8,685 acres directly bordering Westhaven Gold Corp.'s Shovelnose Property in the Spences Bridge Gold Belt (SBGB) located in Southern British Columbia, Canada. Rio Minerals Limited has been engaged to commence work immediately on the \"Hammernose Gold Project.\" 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 extremely excited to get started on phase two of the work program on our Hammernose project where we had positive gold and copper indicators on last year's program. We were able to outline several areas of anomalous stream sediments and these targets will be our main focus with the goal of defining the highest priority drill targets. We will also spotlight the newly acquired acreage directly bordering Westhaven with strategic sampling and ground truthing. We have witnessed an uptrend in gold and copper trading near multi-year highs and we're excited to start work on multiple projects in our portfolio in the coming weeks and months.\" Figure 1: Spearmint Hammernose Project Spearmint Resources Inc. also previously announced (June 19, 2020) that the Company is formulating plans for lithium in Nevada. Spearmint has two separate claim blocks in Nevada that are prospective for lithium known as the Elon property (Brine) and the McGee property (Clay) which cover an aggregate area of 1,160 acres. Exploration drilling had been completed (announced April 17, 2018) on its Clayton Valley Lithium Projects (McGee property) and has intersected lithium as high as 1,670 ppm Li. 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...