Spearmint Resources Inc. (“SRJ” or the “Company”) (SRJ—TSX.V) wishes to announce that a geological work crew is now on its 100% owned Clayton Valley Lithium property (see press release issued July 13, 2016). This property consists of 880 acres of unpatented mineral claims in Nevada. These claims are located directly to the east of the Pure Energy Minerals current drill program and directly bordering Pure and Cypress Development (who recently signed a deal with Pure for that property). Historic and present drill programs in adjacent and nearby properties are suggestive of the potential for the discovery of lithium-bearing brines.
James Nelson, Director of Spearmint states, “We are extremely excited to get to work on our property bordering Pure Energy, which is in the only known lithium bearing brine basin in North America that is in production. The recent flurry in activity in the lithium space has been sped up by the significant increase in demand. Management is optimistic that this prospect produces the next discovery in the Clayton Valley lithium district. We eagerly anticipate the lithium grades this work program will return. Spearmint has one of the lowest entry points of any company in Clayton Valley therefore this work program provides tremendous leverage to shareholders”
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Spearmint Resources Inc.
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