Spearmint Resources Inc. (“SRJ” or the “Company”) (SRJ—TSX.V) wishes to announce that is has acquired The “Whabouchi Lakes West”Property located in the James Bay area of the Province of Quebec, approximately 40km east of the community of Nemaska, 228km 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 kilometres. This represents a 500% increase in lithium project holdings.
The claims overlay the possible source of 3 significant lake sediment geochemical anomalies. The lake sediment samples show different combination of anomalous elements : one is anomalous in Hg, Li, Nb, REE, U and W ; a second one is anomalous in Ag, As, Hg, Li, Pb, Sb, REE and W ; and a third one is anomalous in Nb and REE. Those elements are good indicators of pegmatite-hosted type of mineralization also present at Nemaska Lithium Inc.’s Whabouchi deposit.
The claims share some other similarities with the Nemaska Lithium deposit: the property is close to road; gneiss unit of the Opinaca sub-province is a major component of the geology; pegmatite dykes and granite intrusions are present; and the property also includes a magnetic anomaly as seen near the Whabouchi deposit. Prospecting and till surveys are under planning to further assess the possible source of anomalies in the lake sediments.
James Nelson, Director of Spearmint states, “We are pleased to have significantly expanded our footprint in this new 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. We look forward to getting our work programs stared now on multiple targets and projects in this new world class lithium district.”
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This news release was reviewed by Rémi Charbonneau, Ph. D., P. Geo.
Tel: 1604646-6903 www.spearmintresources.ca
“James Nelson” Director
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