Spearmint Resources Inc. has acquired three separate claim blocks comprising 1,245 acres that make up the Gold Mountain gold project 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 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.

James Nelson, president of Spearmint, states: "We are extremely pleased to acquire this gold prospect in this world-class gold district. Barkerville Gold has had great success on their property and have recently announced some of the best intercepts reported in British Columbia this year. When you considered our new Gold Mountain gold prospect is bordering their project and some of the new claims are directly inside their property, we are very optimistic about what this new prospect may provide for Spearmint shareholders. The price of gold has been steadily rising in 2017 and we feel it may be poised for a breakout in 2017 therefore we feel this new prospect may enable Spearmint to capitalize on this. We plan to commence operations as soon as possible."

Gold Mountain Prospects, BC 

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