Spearmint to Acquire the WHY WEST Magnesium project near Rossland, BC and the BUDDY claims in the Golden Triangle of BC

Oct 10, 2017

Spearmint Resources Inc. (“SRJ” or the “Company”) (SRJ—TSX.V) (SPMTF—OTCBB) (A2AHL5–FSE) wishes to announce that it has entered into an agreement to acquire 100 percent of the WHY WEST Magnesium project near Rossland, BC, and the BUDDY claims in the Golden Triangle of BC.

The WHY WEST Magnesium prospect directly borders West High Yield Resources (WHY—TSX Venture) properties near Rossland, BC.  Yesterday West High Yield Resources announced, “West High Yield (WHY.v) Resources Ltd. has signed a definitive arm’s-length purchase and sale agreement to sell 100 per cent of its right, title and interest in its Record Ridge South, Midnight and O.K. mineral properties to Gryphon Enterprises LLC, a company based in Maryland, United States, for a purchase price of $750-million (U.S.)….”  This prospect consists of approximately 1,500 contiguous acres.

The BUDDY claims directly border the EL North claims currently held by Spearmint.  These claims are directly bordering Garibaldi Resources Corp. (GGI—TSX Venture) in the Golden Triangle of BC.  This prospect consists of approximately 4,400 contiguous acres.

James Nelson, President of Spearmint states, “Adding these two new projects shows the commitment SRJ management has to growing the company.  The WHY WEST prospect directly borders the West High Yield Resources (WHY—TSX Venture) property and they just announced a massive proposed sale of 750 Million USD and the BUDDY claims significantly adds to our acreage bordering Garibaldi.  Both of these areas may constitute a key building block of Spearmint going forward.  We look forward to getting on the properties shortly.”

About Spearmint Resources

Spearmint Resources Inc. is a Canadian junior resource exploration company dedicated to the aggressive pursuit of world class mineral deposits. Spearmint’s current projects include three areas of focus on gold in British Columbia; the ‘Golden Triangle Gold Prospects’ comprising of four separate claim blocks totaling 4,095-acres bordering GT Gold Corp (GTT.v), the ‘Gold Mountain Prospects’ comprising of three separate claim blocks totaling 1,245-acres bordering Barkerville Gold Mines (BGM.v), and the 3,052 acre ‘NEBA Copper-Gold Prospect’ bordering Aben Resources Ltd (ABN.v). Spearmint’s 1,975 and 2,107 acre ‘EL North and EL North 2’ Nickel-Copper prospects in the Eskay Creek Camp border Garibaldi Resources Corp (GGI.v). Spearmint’s ‘Chibougamau Vanadium Prospects’ comprising of five separate claim blocks totaling 9,735-acres borders the vanadium deposit of BlackRock Metal’s (private) Ilmenite vanadium project, Vanadiumcorp Resource Inc. (VRB.v) and Vanadium One Energy Corp. (VONE.v). Spearmint’s portfolio of lithium projects include the ‘Clayton Valley Lithium Prospects’ in Nevada comprising of two claim blocks totaling 800-acres bordering Pure Energy Minerals (PE.v), and three lithium projects in Quebec including the 4,485-acre ‘Pressiac Lithium Prospect’, the 524-acre ‘Whabouchi Lakes Lithium Prospect’, and the 2,636-acre ‘Whabouchi Lakes West Lithium Prospect’.

Spearmint is currently in the process of creating location maps for our properties as well as updating the website.

If you would like to be added to Spearmint’s news distribution list, please send your email address to info@spearmintresources.ca.

Contact Information
Tel: 1604646-6903
www.spearmintresources.ca

“James Nelson”
President
Spearmint Resources Inc.

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

BC Golden Triangle Map

bc Gold map.jpg

Spearmint Resources Inc. (SRJ – TSX V, SPMTF – USA, A2AHL5 – Germany)

Thank you for your interest in Spearmint Resources Inc. Spearmint Resources is a Canadian junior resource exploration company dedicated to the aggressive pursuit of world class mineral deposits. The company is focused on assembling a portfolio of low risk, high reward properties at the exploration stage and developing them so as to maximize shareholder value. Several upcoming project milestones make this an exciting time period for Spearmint’s corporate growth potential. As you can see there are many compelling reasons to look at Spearmint immediately.

 

Spearmint’s current projects include three areas of focus on gold in British Columbia; the ‘Golden Triangle Gold Prospects’ comprising of four separate claim blocks totaling 4,095-acres bordering GT Gold Corp (GTT.v), the ‘Gold Mountain Prospects’ comprising of three separate claim blocks totaling 1,245-acres bordering Barkerville Gold Mines (BGM.v), and the 3,052 acre ‘Neba Prospect’ bordering Aben Resources Ltd (ABN.v). Spearmint’s 1,975 and 2,107 acre ‘EL North and EL North 2’ Nickel-Copper prospects in the Eskay Creek Camp border Garibaldi Resources Corp (GGI.v). Spearmint’s ‘Chibougamau Vanadium Prospects’ comprising of five separate claim blocks totaling 9,735-acres borders the vanadium deposit of BlackRock Metal’s (private) Ilmenite vanadium project, Vanadiumcorp Resource Inc. (VRB.v) and Vanadium One Energy Corp. (VONE.v). Spearmint’s portfolio of lithium projects include the ‘Clayton Valley Lithium Prospects’ in Nevada comprising of two claim blocks totaling 800-acres bordering Pure Energy Minerals (PE.v), and three lithium projects in Quebec including the 4,485-acre ‘Pressiac Lithium Prospect’, the 524-acre ‘Whabouchi Lakes Lithium Prospect’, and the 2,636-acre ‘Whabouchi Lakes West Lithium Prospect’.

 

 

Current Projects

 

 

B.C. Properties:

 

•          The “GOLDEN TRIANGLE GOLD PROSPECTS” –  Spearmint Resources Inc. has recently acquired a 100-per-cent interest in four separate gold prospects totaling 4,095 acres. The Gold Triangle prospects are all located in the Golden Triangle gold district in British Columbia.  One of the prospects is directly bordering GT Gold Corp’s (GTT.v) Tatogga Lake prospect and Colorado Resources (CXO.v). The other three prospects directly border GT Gold Corp’s Tatogga Lake prospect, which was the area of the impressive gold intercepts of 13.03 grams per tonne gold over 10.67 metres. The Golden Triangle is a world-class mining district with a renewed market focus and we are optimistic about what this region may provide for Spearmint’s growth strategy. Spearmint is planning to initiate work programs on this project shortly.

 

•          The “NEBA COPPER-GOLD PROSPECT” – Spearmint Resources Inc. has acquired a 100 percent interest in the 3,052 acre ‘NEBA’ Copper-Gold Prospect in the Golden Triangle of British Columbia.  This prospect borders Aben Resources Ltd (ABN.v).  Aben recently announced on September 5th, 2017 “At Boundary, massive to semi-massive sulphide horizons were encountered in association with strong quartz carbonate veining and breccias. Sulphides within these packages are relatively enriched in chalcopyrite, a copper mineral that has shown a strong correlation with gold mineralization both on the Forrest Kerr Property and in several localities within the Golden Triangle…” This new prospect directly borders Aben’s Boundary zone.

 

•          The “EL NORTH NICKEL-COPPER PROSPECT” – Spearmint Resources Inc. has acquired a 100 percent interest in the “EL North” Nickel-Copper Prospect in the world renowned Eskay Creek Mining Camp in the Golden Triangle of British Columbia.  This prospect borders Garibaldi Resources Corp (GGI.v).  Garibaldi announced on September 1, 2017 that they “intersected two long intervals of nickel-copper sulphide mineralization totaling 176 meters and consisting of pyrrhotite-pentlandite-chalcopyrite in the first drill hole…”  This new prospect consists of 1,975 contiguous acres.

 

•          The “GOLD MOUNTAIN PROSPECTS” – Spearmint Resources Inc. has acquired three separate claim blocks comprising of 1,245 acres that make up the Gold Mountain gold prospects near the town of Wells, B.C., two of these claim blocks are completely surrounded by Barkerville Gold Mines Ltd. (BGM.v). The other claim block directly borders Barkerville Gold Mines. According to a news release dated April 17, 2017, Barkerville announced some of its “best intercepts to date of 19.2 grams per tonne gold Au over 54.4 metres, including 32.06 grams per tonne Au over 30.7 metres” near the town of Wells, B.C.

 

Barkerville Gold has had great success on their property in this world-class gold district and have recently announced some of the best intercepts reported in British Columbia this year. When you considered Spearmint’s new Gold Mountain gold prospect is bordering their project, and some of the new claims are directly inside their property, Spearmint is very optimistic about what this new prospect may provide for Spearmint shareholders. We plan to commence operations as soon as possible.

 

 

 

Vanadium Properties:

 

•          The “CHIBOUGAMAU VANADIUM PROSPECTS” – Spearmint Resources Inc. has acquired a 100-per-cent interest in five separate vanadium prospects totaling 9,735 acres, the Chibougamau vanadium prospects, all located in the direct vicinity of Lac Chibougamau, Quebec. These new properties border BlackRock Metals’ (private) Ilmenite vanadium project, Vanadiumcorp Resource Inc.’s (VRB.v) Lac Dore vanadium project and Vanadium One Energy Corp.’s (VONE.v) Mont Sorcier vanadium project. This new block of claims puts Spearmint in the heart of the expanding Chibougamau mining district’s vanadium circle. Vanadium has garnered significant market attention recently as the use of vanadium in battery storage is gaining momentum and Spearmint is very pleased to be able to acquire a significant footprint in one of Canada’s best-known vanadium districts.

 

 

 

Lithium Properties:

 

•          The “CLAYTON VALLEY LITHIUM PROSPECTS” – Spearmint Resources Inc. has acquired two separate claim blocks in Nevada that are prospective for lithium known as the Elon property and the McGee property which cover an aggregate area of 800 acres. These two separate claim blocks border Pure Energy Minerals’ (PE.v) Clayton Valley project and Cypress Development Corp’s (CYP.v) property. Pure Energy is in the only known lithium-bearing brine in North America that is in production and Spearmint is very pleased to be in this area. Historic and present drill programs in adjacent and nearby properties are suggestive of the potential for the discovery of lithium-bearing brines.

 

Of the 91 samples collected during the phase 1 work program, and submitted to ALS Minerals in Vancouver, B.C., The highest sample value obtained was 1,630 parts per million, with an overall average value of 843 parts per million lithium. Twenty-three of the 91 samples achieved values of over 1,000 parts per million. The samples ranged from a low of 285 parts per million to the high of 1,630 parts per million. Spearmint Resources is currently awaiting approval of the notice of intent submitted to the Bureau of Land Management’s office in Tonopah, Nev., the approval of which is required before drilling activities may commence.

 

President James Nelson, stated, “We are very pleased that the results verified what we were hoping to find on the Clayton Valley prospect. The Clayton Valley prospect is developing nicely and these results are extremely promising for us and will enable us to continue with a larger drill program in the near future. Historic and present drill programs in adjacent and nearby properties are certainly encouraging and the success of our neighbours (Pure Energy and Cypress Development) provide Spearmint with an optimal location in the Clayton Valley. It would appear that the mudstone formation hosting the lithium moves through the Cypress-Pure joint venture properties and appears to continue on our property. We are immediately formulating the next phase of operations and look forward to either attempting to develop this property ourselves or to possibly take on a partner. Management will evaluate all possible avenues going forward.”

clayton valley.jpg

 

•          The “PREISSAC LITHIUM PROSPECT” – Spearmint’s 4,485 acre Preissac Lithium property is located in Quebec. The vicinity of the Preissac lithium property contains multiple lithium showings. Less than two km south of the property are located the Aldous and the Authier showings. Those showings correspond to spodumene mineralization inside pegmatite dikes, with a lithium content up to 1.14 per cent lithium. Less than three km northeast of the property is the Lac de Hauteur showing. Analysis reported by the MERN (Ministere de l’Energie et des Ressources naturelles) indicates anomalies in tantalium, niobium and lithium. Less than six km south are the Cominco-Nickel, Marbridge, Ataman, Lamotte and Cubric showings. These showings are ultramafic formation, with content up to 3.65 per cent nickel, with minor copper, zinc and molybdenum.

 

•          The “WHABOUCHI LAKES LITHIUM PROSPECT” – Spearmint’s 524 acre Whabouchi Lakes property is located in the James Bay area of the province of Quebec. This property consists of four claims that total approximately 2.13 square km. These claims overlay the possible source of lake sediment geochemical anomalies. The anomalous elements are bismuth, rare earth elements, lithium, niobium and tungsten, which represent good pathfinders and indicators of pegmatite-hosted type of mineralization also present at Nemaska Lithium Inc.’s (NMX.V) Whabouchi deposit.

 

•          The “WHABOUCHI LAKES WEST LITHIUM PROSPECT” – Spearmint’s 2,636 acre Whabouchi Lakes West property is located in the James Bay area of the province of Quebec, approximately 40 km east of the community of Nemaska, 228 km north-northwest of the Chibougamau municipality and in the immediate vicinity of the Whabouchi mine of Nemaska Lithium Inc. (NMX.v). It includes 20 claims that total approximately 10.66 square km.

 

If you would like to be added to Spearmint’s mailing list please send an email toinfo@spearmintresources.ca

 

Thank you for your time and consideration.

 

 

James Nelson

 

President

Spearmint Resources Inc.

604-646-6903

www.spearmintresources.ca

 

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