Spearmint Resources Inc. (CSE: SPMT) has hired Forage Fusion Drilling Ltd as the driller for the maiden exploration drill programme on the 100-percent owned “Goose Gold Project” in Newfoundland.
The maiden drill programme is anticipated to begin in July.
“We are pleased to hire Forage Fusion Drilling Ltd. as the driller for the fully-funded maiden drill program on our ‘Goose Gold Project’ directly bordering New Found Gold Corp.’s Queensway project,” James Nelson, President of Spearmint Resources, said.
“With the drill permit now in hand and the driller hired, we anticipate our maiden drill program to begin in July. Not only do we border New Found Gold, but our ‘Goose Gold Project’ is approximately one km from their ‘Keats Zone] discovery making this one of, if not the closest projects to the discovery.
“This drill programme is funded with flow-through funds on hand which included an investment by certain funds managed by Sprott Asset Management LP. Mr. Sprott is also one of the largest shareholders of New Found Gold.
“Spearmint also recently announced a major upgrade to our resource estimate in Nevada on our McGee Lithium Clay Deposit, having more than doubled the previous amount of lithium carbonate equivalent (LCE) to 1,369,000 indicated tonnes and 723,000 inferred tonnes of LCE for a total of 2,092,000 tonnes of LCE. We feel the second half of 2022 could have a significant impact for our shareholders.”
At the ‘Goose’ Gold project Spearmint has sampled up to 973 ppb gold, and the Perron-East Gold Project consisting of five mineral claim blocks covering 11,608 acres located in the Abitibi greenstone belt of north-western Quebec in the direct vicinity of Amex Exploration Inc.’s Perron property and past-producing Normetal mine.
For further information please visit: https://www.spearmintresources.ca/