Looking To Identify High Priority Drill Targets
Spearmint Resources Inc. (CSE: SPMT) has now completed the sampling portion of the phase I work programme over Spearmint’s Perron-East gold project in the direct vicinity of AMEX Exploration Inc.
Laurentia Exploration, the geological team who are conducting the work programme, are associated with numerous discoveries and development projects in the region.
The phase I work programme will include a complete compilation and evaluation of historical data, a high-resolution magnetic survey, and an extensive sampling programme.
The sampling portion of the phase I work programme has now been completed and these samples has now been sent to ALS geochemistry for assaying. The results are expected back in approximately six-eight weeks.
President James Nelson said the goal of this initial phase I work programme is the identification of the highest priority drill-hole targets.
“We are pleased to have completed the sampling portion of the phase I work programme on our Perron-East gold project in Quebec which has multiple fault lines running through the property,” Mr Nelson said.
“The team at Laurentia Exploration have significant experience in the area having done work for AMEX Exploration as well as Starr Peak Exploration and we look forward to what this phase I work program will uncover.
“We are also optimistically awaiting the results from the recently completed 10-hole drill programme on our Clayton Valley Lithium Clay Project in Nevada. The Nevada lithium drill programme encountered the targeted potential lithium hosted claystone in every hole drilled and management is encouraged to have hit substantial intercepts of claystone at close proximity to the surface.
“This is the largest drill programme that Spearmint has ever undertaken and we are very enthusiastic about the pending results. This drill programme should enable Spearmint to begin the process to potentially determine a resource estimate for the project.
“Spearmint is also formulating a follow-up phase II work programme for the Goose Gold project in Newfoundland, directly bordering and closest to the discovery by New Found Gold, on which we recently announced the discovery of positive gold indictors with values as high as 973 ppb gold (announced on November 12, 2020). “Clearly Spearmint has several near-term catalysts ahead that could be potential game-changers for the company.”
