| Spearmint Completes Drilling and Intersects Targeted Lithium Clay Formation on its Clayton Valley Lithium Prospect | |
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Vancouver, British Columbia--(Newsfile Corp. - March 16, 2018) - Spearmint Resources Inc. (TSXV: SRJ) (OTC Pink: SPMTF) (FSE: A2AHL5) ("SRJ" or the "Company") wishes to announce that the first phase of exploration drilling has been completed on the Clayton Valley Lithium Prospect. Two 300 foot reverse circulation drill holes and one 300 foot core hole were successfully completed. These holes were designed to test an outcropping green clay that was previously sampled (March 13, 2017). All drill holes penetrated the lithium bearing green clay section that was targeted. The drill samples have been shipped to ALS labs in Reno and we are currently awaiting assay results. We anticipate results back shortly. James Nelson, President of Spearmint states, "We are very pleased to have completed this first phase of the drill program. We encountered the targeted green clay in each hole and we eagerly anticipate the results from the lab. This area has been overlooked for Lithium bearing clay/mud hosted formations and we are looking forward to proving up the concept that management has laid out to fully evaluate this lithium asset. This property lies directly east of Albemarle's Lithium mine. Please refer to the map." |
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Spearmint Resources Inc. is based in Canada. Spearmint Resources Inc. is listed in Canada. Its market capitalisation is CA$ 3.0 millions as of today (US$ 2.3 millions, € 2.0 millions). Its stock quote reached its lowest recent point on November 17, 2016 at CA$ 0.01, and its highest recent level on January 19, 2018 at CA$ 0.14. Spearmint Resources Inc. has 98 460 000 shares outstanding. |