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Spearmint Resources Engages Stantec for Resource Estimate and Technical Report on the Clayton Valley Lithium Clay Discovery in Nevada
Vancouver, British Columbia--(Newsfile Corp. - March 15, 2021) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company") is very pl
About this update from Adelayde Exploration Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - March 15, 2021) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the \"Company\") is very pleased to announce that the Company has engaged Stantec Consulting Ltd. (\"Stantec\") to complete a potential maiden resource estimate and Technical Report for the Clayton Valley Lithium Clay Project in Nevada. The Technical Report will be prepared in accordance with the requirements of National Instrument 43-101. The Stantec Qualified Persons (Allan Turner, P.Geol. and Derek Loveday, P.Geo.) have direct experience in the Tonopah area, which includes visiting Albemarle Corp.'s Silver Peak mine and ioneer Ltd.'s Rhyolite Ridge Lithium-Boron Project and completing a resource estimate and Technical Report for American Lithium Corp. on the TLC Lithium Project. Spearmint's resource estimate and Technical Report are estimated to be completed by Stantec in approximately six to ten weeks. Spearmint's recently completed 10-hole drill program on its Clayton Valley Lithium Clay Project in Nevada discovered lithium in every hole, achieving a 100 percent success rate, directly bordering Cypress Development Corp. Samples have been sent to McClelland Laboratories Inc. of Sparks, Nevada for the planned metallurgy on the lithium hosted claystone drilled on Spearmint's property, with results expected to be received in approximately two to six weeks. The results from this recent phase of drilling, combined with assistance from the metallurgist, will enable Stantec to define a potential resource calculation. 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. Spearmint had strong, consistent drill results showing that the lithium is very near the surface which would be optimal versus deeper projects. Highlights from the 10-hole drill program included the following results (see map): Assays from drill hole #5 intersected lithium values as high as 1840 parts per million lithium (ppm Li), averaging 846 ppm Li over 270 feet, including 35 feet averaging 1,343 ppm Li. Hole #7 reported a high of 1,550 ppm Li, averaging 812 ppm Li over 310 feet, including 55 feet of 1,214 ppm Li. Hole #8 returned a high of 1,280 ppm Li, averaging 723 ppm Li over 205 feet, includ...