Spearmint Resources Inc. has acquired the Whabouchi Lakes West property located in the James Bay area of the province of Quebec, approximately 40 kilometres 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. It includes 20 claims that total approximately 10.66 square kilometres. This represents a 500-per-cent increase in lithium prospect holdings.
The claims overlay the possible source of three significant lake sediment geochemical anomalies. The lake sediment samples show different combinations of anomalous elements: One is anomalous in mercury, lithium, niobium, rare earth elements and tungsten, a second one is anomalous in silver, arsenic, mercury, lithium, lead, antimony, rare-earth and tungsten, and a third one is anomalous in niobium and rare earth. Those elements are good indicators of pegmatite-hosted type of mineralization also present at Nemaska Lithium's Whabouchi deposit.
The claims are close to road access and share some geological similarities with the Nemaska deposit: They are located within the same gneiss unit of the Opinaca subprovince, pegmatite dikes and granite intrusions are present, and the property includes a magnetic anomaly as seen near the Whabouchi deposit. Prospecting and till surveys are currently being planned to further assess the possible source of anomalies in the lake sediments.
James Nelson, director of Spearmint, stated: "We are pleased to have significantly expanded our footprint in Canada's top lithium district. The lithium space is showing signs of hyper-growth and management has always felt Quebec is one of the most mining-friendly regions in the world. The recent flurry in activity in the lithium space has been sped up by the significant increase in demand for lithium. We look forward to getting our work programs started now on multiple targets within this exciting new project in a world-class lithium district."
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