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Spearmint Resources Completes Work Program on 'Goose' Gold Project in Newfoundland Directly Bordering New Found Golds' Discovery Hole
Vancouver, British Columbia--(Newsfile Corp. - October 6, 2020) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company") wishes to
About this update from Adelayde Exploration Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - October 6, 2020) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the \"Company\") wishes to announce that we have completed our phase I work program on our 'Goose' Gold project directly bordering New Found Golds' Queensway project in Newfoundland (see map). A total of 184 soil samples and 20 rock samples were collected during the Phase I geochemical work program. Soil samples were collected along a high-resolution grid covering the entirety of the Property. Prospecting identified volcanic and sedimentary rocks of the Davidsville group with variable quartz-carbonate veined outcrops with local minor sulphides. The Company will initiate a follow up Phase II geochemical program which will focus on the strongest anomalies identified by the Phase I results. Figure 1. Spearmint 'Goose' Gold Property On October 2, 2020, New Found Gold provided results from NFGC-20-17, their first drill hole targeting the Lotto zone, located 2 km North (Spearmint's property is also located to the North) of the high-grade Keats discovery, as part of New Found's recently commenced 100,000-metre diamond drill program at its Queensway high-grade gold project. Drill results from NFGC-20-17 included two separate near-surface intervals of intense quartz veining with significant sulphide and visible gold returned 41.2 grams per tonne Au over 4.75 m starting at 35 m down hole depth and 25.4 g/t Au over 5.15 m starting at 57 m down hole depth. 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 pleased to have completed our phase one work program in one of the most exciting gold districts in the world. It is encouraging that New Found Golds' recent drill results have established a new discovery hole 2 kilometres to the North of their original discovery. Spearmint's property is located to the North and is the closest to New Found Gold's discovery hole. We look forward to seeing what the remainder of New Found Gold's 100,000-metre drill program work program will uncover. As well as the excitement in Newfoundland, Nevada lithium is generating even more enthusiasm being injected in to the lithium sector prima...