Expands Programme After Early Drilling Success
Spearmint Resources Inc. (CSE: SPMT) has decided to extend its Clayton Valley drill programme by two additional holes based on the initial indications of the first six holes drilled in Nevada.
The company said it has encountered visual clay in each of the first six holes and has already rushed the first three holes in for assaying. The company has received approval from the BLM to extend this programme.
President James Nelson, said the company was pleased to be in a position to extend the drill programme.
“We are very encouraged to have encountered visual clay in each of the first six holes drilled and look forward to adding more holes to this programme,” Mr Nelson said.
“This is the most ambitious drill programme that Spearmint has undertaken and we are very optimistic about what we have encountered to date. We eagerly look forward to the first rushed assays on this project.
“We feel that battery metals will have a strong resurgence in 2021 especially in light of the explosive growth of the EV sector globally in 2020. Not only has the massive boom started to fully take hold, but Elon Musk stated at the Tesla Battery Day September 22, 2020 his desire to acquire lithium clay deposits in Nevada.
“These comments have put a large microscope on the few known lithium deposits in Nevada, of which Spearmint is the only company currently drilling into one of these known formations.
“Not only is Spearmint successfully drilling for lithium right now in Nevada, we are active on three separate gold programs in BC, Quebec and Newfoundland and expect results back on each of these this month.
“Clearly Spearmint is one of the most active junior mining companies in the market right now.”
