Business
Spearmint Resources Looking to Recommence Operations on its Clayton Valley Lithium Prospects in Nevada
Vancouver, British Columbia--(Newsfile Corp. - January 30, 2020) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company") is pleas
About this update from Adelayde Exploration Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - January 30, 2020) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the \"Company\") is pleased to announce the company is planning to start up operations on its Clayton Valley Lithium Prospect in Nevada. Plans are now being formulated by management. Spearmint has two separate claim blocks in Nevada that are prospective for lithium known as the Elon property and the McGee property which cover an aggregate area of 800 acres. Spearmint Resources Inc. announced that exploration drilling had been completed (announced April 17, 2018) on its Clayton Valley Lithium Prospect and has intersected lithium as high as 1,670 ppm Li. The three holes drilled into the clay formation all intersected lithium. Hole 1 had a range of 1670-396 ppm Li over 270 feet averaging 835 ppm Li, including 35 feet averaging 1,140 ppm Li. Hole 2 had a range of 1570-250 ppm Li averaging 642 ppm Li over 220 feet including 20 feet of 925 ppm Li. Hole 3 had a range of 1280-429 ppm Li averaging 772 ppm Li over 195 feet including 998 ppm Li over 20 feet. James Nelson, President of Spearmint, stated, \"There is a distinct positive feeling surrounding lithium and especially lithium in Nevada recently. On January 29, 2020 Noram Ventures Inc. announced successful drill results including 56.4 metres with an average of 1,230 parts per million lithium on their project that borders Spearmint. Spearmint intersected a range of 1670-396 ppm Li over 270 feet averaging 835 ppm Li, including 35 feet averaging 1,140 ppm Li. Also recently announced was news that Schlumberger Technology Corporation has begun the initial steps to advance its option to test and develop Pure Energy Mineral's Clayton Valley Project (announced November 26, 2019). When a major company like Schlumberger is looking at the property right beside Spearmint, and judging by how Noram shares doubled yesterday on their lithium drill results, it is clear that lithium in Nevada is gaining attention again. We are looking forward to getting back into Nevada shortly. We also just announced the acquisition of the River Valley East Platinum-Palladium Prospect in Ontario that we are also formulating plans on. Clearly 2020 will be very active for Spearmint in terms of work programs at a time when the general sentiment towards junior mining companies has tur...