Spearmint Resources‘ (TSXV:SRJ) (“SRJ” or the “Company”) is pleased to announce that it has renewed all of it’s 100% owned lithium claims bordering Cypress Development Corp. (CYP.V) in the Clayton Valley of Nevada.
James Nelson, President of Spearmint states, “We are very pleased to have renewed these claims ahead of schedule. Our recent drill program intersected lithium values as high as 1,670 parts per million. We are very encouraged by this and plan to continue drilling as soon as possible. Our neighbors in the Clayton Valley to the north, Cypress Development, just announced on June 11tha 43-101 technical report stating a Total Indicated Mineral Resource of 697 million tonnes averaging 886 ppm lithium. This formation is shared with Spearmint (please refer to map). We also anticipate being active this summer on our Golden Triangle Properties in BC bordering Garibaldi Resources Corp (GGI.v) and Aben Resources Ltd (ABN.v)”
Figure 1: Clayton Valley Ownership Map
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About Spearmint Resources
Spearmint’s current projects include a portfolio of lithium prospects. The ‘Clayton Valley Lithium Prospects’ in Nevada comprise of two claim blocks totalling 800-acres bordering Pure Energy Minerals (PE.v) & Cypress Development Corp. (CYP.v). Spearmint also has two lithium projects in Quebec, including the 4,485-acre ‘Pressiac Lithium Prospect’ and the 2,636-acre ‘Whabouchi Lakes West Lithium Prospect’ in the vicinity of Nemaska Lithium Inc. (NMX.t) & Critical Elements Corp. (CRE.v).
Spearmint’s ‘Chibougamau Vanadium Prospects’ comprise of four separate claim blocks totalling 9,735-acres bordering, or in the direct vicinity of, the vanadium deposit of BlackRock Metal’s (private) Ilmenite vanadium project, Vanadiumcorp Resource Inc. (VRB.v) and Vanadium One Energy Corp. (VONE.v).
Spearmint’s current projects also include three areas of focus on gold in British Columbia; the ‘Golden Triangle Gold Prospects’ comprising of four separate claim blocks totaling 4,095-acres bordering GT Gold Corp (GTT.v), the ‘Gold Mountain Prospects’ comprising of three separate claim blocks totaling 1,245-acres bordering Barkerville Gold Mines (BGM.v), and the 3,052 acre ‘Neba Prospect’ bordering Aben Resources Ltd (ABN.v). Spearmint’s 8,482 acre ‘EL North’ Nickel-Copper Prospect is a contiguous land package that includes the ‘EL North, EL North 2 and the BUDDY claims’ in the Eskay Creek Camp bordering Garibaldi Resources Corp (GGI.v). Spearmint’s 10,300 acre ‘WHY WEST’ Magnesium project near Rossland, BC directly borders West High Yield Resources (WHY.v).
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Spearmint Resources Inc.
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