Spearmint Resources Inc. (CSE: SPMT) has commenced the maiden drill programme on the 100-percent owned “Goose Gold Project” directly bordering New Found Gold Corp.’s Queensway project in Newfoundland.
The maiden drill programme on the Goose Gold Project will consist of up to 1,000 m of NQ diamond drilling.
“We are pleased to commence the much-anticipated maiden drill programme on our ‘Goose Gold Project’ directly bordering New Found Gold Corp.’s Queensway project,” James Nelson, President of Spearmint Resources, said.
“Not only do we border New Found Gold, which is one of the most exciting new high-grade gold discoveries in the world, but our ‘Goose Gold Project’ is approximately one km from their ‘Keats Zone’ discovery making this one of the closest projects to their discovery.
“This maiden 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.“
In June 2022, the company announced that it has received the updated Technical Report and Mineral Resource estimate for the 100-per-cent-owned McGee Lithium Clay Deposit in Clayton Valley, Nevada. The Technical Report included an updated Mineral Resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, more than doubling the maiden resource estimate announced in June 2021.
For further information please visit: https://www.spearmintresources.ca/
