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November 29, 2021

Spearmint secures drill permit for Canada’s Perron-East gold project

Drilling on the project, which comprises five mineral claim blocks, is planned to start this month.

Spearmint Resources has obtained approval from Canada’s Quebec Ministry of Forests, Wildlife and Parks to conduct exploration drilling on the Perron-East Gold Project.

The project comprises five mineral claim blocks, which cover 11,608 acres in the Abitibi greenstone belt of northwestern Quebec.

These claims are located in the direct vicinity of Amex Exploration’s Perron property and Starr Peak Mining’s past-producing Normetal mine.

Spearmint Resources president James Nelson said: “Both of these companies have recently undertaken significant drill programmes utilising the same geological team (Laurentia Exploration) that will be conducting Spearmint’s drill programme.”

Nelson said the firm plans to commence the drill programme at the project next month.

Laurentia Exploration will oversee all aspects of Spearmint’s planned drill programme on the Perron-East Gold Project.

The geological team had earlier completed significant drill programmes for both Amex and Starr Peak.

Earlier work programmes discovered several soil anomalies and a subsequent induced polarisation (IP) survey defined the highest priority drill targets.

The firm is also planning to start another major drill programme on its McGee Lithium Clay Project in Clayton Valley, Nevada, in the near future.

This project will build upon the maiden resource estimate of 815,000 indicated tonnes and 191,000 inferred tonnes for a total of 1,006,000t of lithium carbonate equivalent (LCE).

Nelson added: “Spearmint shares this blanket like lithium claystone formation with Cypress Development and lithium prices are currently at all-time highs.

“We are about to enter a major news flow cycle and expect the remainder of 2021 and beyond will be an extremely active period for Spearmint with potential catalysts coming ahead on multiple projects.”

In September 2021, Spearmint Resources struck an option deal to take over the Green Clay Lithium Project in Clayton Valley, Nevada, US.

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