About The Project
Spearmint has discovered its highest drill core lithium values to date of 1,840 ppm Li from its 2020 phase II multi-hole drill program. All 10 drill holes of the phase II 2020 drill program on its Clayton Valley Lithium Clay Project in Nevada have intersected the targeted potential lithium hosting claystone. Results from the remaining 7 holes are expected back shortly. This 2020 multi-hole drill program was designed to test the known claystone hosted lithium mineralization within Spearmint’s McGee claims, upon which, previous drill results have intersected Lithium values as high as 1670 ppm Li, directly bordering Cypress Development Corp. (CYP-TSX.v).
Regarding the 2020 phase II multi-hole drill program, the first three holes drilled into the clay formation all intersected lithium. Assays from drill hole #5 intersected lithium values as high as 1840 parts per million (ppm) lithium with a range of 1,840 to 420 ppm lithium (with one 5-foot section grading 140 ppm directly below the best intersection and believed to be an ancient localized drainage channel). Hole #5 averaged 846 ppm Li over 270 feet, including 35 feet averaging 1,343 ppm Li. Hole #7 had a range of 1,550 to 290 ppm Li averaging 812 ppm Li over 310 feet, including 55 feet of 1,214 ppm Li. Hole #8 had a range of 1,280 to 340 ppm Li averaging 723 ppm Li over 205 feet, including 1,036 ppm Li over 35 feet.
In 2018, Spearmint announced that the first phase of exploration drilling, completed on its Clayton Valley Lithium Clay Project, had intersected lithium values as high as 1,670 ppm Li. The three holes drilled into the clay formation all intersected lithium. Hole 1 had a range of 1670-396 ppm Li over 270 feet averaging 835 ppm Li, including 35 feet averaging 1,140 ppm Li. Hole 2 had a range of 1570-250 ppm Li averaging 642 ppm Li over 220 feet including 20 feet of 925 ppm Li. Hole 3 had a range of 1280-429 ppm Li averaging 772 ppm Li over 195 feet including 998 ppm Li over 20 feet.
Spearmint Resources Inc. has two separate claim blocks in Nevada that are prospective for lithium known as the Elon (brine) property and the McGee (clay) property which cover an aggregate area of 1,160 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 recent drill programs in adjacent and nearby properties are suggestive of the potential for the discovery of lithium-bearing brines & clay.
Management cautions that past results or discoveries on properties in proximity to Spearmint may not necessarily be indicative to the presence of mineralization on the Company’s properties. Mr. Greg Thomson, P.Geo., a director of Spearmint and a Qualified Person as defined by National Instrument 43-101 has reviewed and approved the scientific and technical disclosure contained within this website.