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Spearmint Resources Drills Highest Lithium Values to Date of 1840 ppm Lithium on the Clayton Valley Lithium Clay Project in Nevada
Vancouver, British Columbia--(Newsfile Corp. - December 11, 2020) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company") wishes
About this update from Adelayde Exploration Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - December 11, 2020) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the \"Company\") wishes to announce that the Company has received the assay results from the first 3 completed drill holes (Hole #'s 5, 7, & 8) of its phase II 2020 10-hole drill program on the Clayton Valley Lithium Clay Project in Nevada. Substantial thicknesses of light green to olive green colored clay have been encountered in all 10 drill holes to date. Color variations within the clay section are thought to be due to the state of the iron content within the clay formation. Intervals of bluish green and light brown colored clays were also encountered. The clay section is contained within a devitrified air fall volcanic ash that has been reworked by water. This clay formation is a widespread blanket like layer that extends onto claims controlled by Cypress Development Corp. and Noram Ventures Inc.. 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. The first three holes drilled into the clay formation all intersected lithium (see figure 1). Assays from drill hole #5 intersected lithium values as high as 1840 parts per million (ppm) lithium with a range of 1,840 to 420 ppm lithium (with one 5-foot section grading 140 ppm directly below the best intersection and believed to be an ancient localized drainage channel). Hole #5 averaged 846 ppm Li over 270 feet, including 35 feet averaging 1,343 ppm Li. Hole #7 had a range of 1,550 to 290 ppm Li averaging 812 ppm Li over 310 feet, including 55 feet of 1,214 ppm Li. Hole #8 had a range of 1,280 to 340 ppm Li averaging 723 ppm Li over 205 feet, including 1,036 ppm Li over 35 feet. Figure 1. Lithium values from Spearmint's first 3 drill holes of the 2020 drill program James Nelson, President of Spearmint, stated \"We are extremely pleased to announce the discovery of our highest lithium drill core values to date on the Clayton Valley Lithium Clay Project in Nevada. Ever since the comments Elon Musk made about Tesla's intention to enter the lithium mining business in Nevada (on Tesla's battery day September 22, 2020) there has been a renewed focus on the few known lithium deposits within the State of N...