Spearmint Resources Inc. is pleased to announce that it is now underway with its 2021 work program on the 100-percent owned ‘Escape Lake North’ PGM Project in Ontario, Canada consisting of approximately 4,000 contiguous acres. This project is prospective for platinum group metals (PGM) and is located near existing infrastructure in a mining-friendly jurisdiction just north of Thunder Bay, Ontario. This project directly borders Clean Air Metals Inc.’s (“Clean Air”; AIR-TSX.v) Thunder Bay North Project PGM deposit and is intersected by three northwest trending faults (the Hicks Lake Fault, East Dog River Fault, and Astrop Creek Fault) and is partially cross-cut by the regional east-west Lasseter Lake Fault. Clean Air has a mineral resource for its Thunder Bay North Project including a total Indicated resource of 16,285,396 tonnes at an average grade of 3.5 g/t PdEq containing 1,834,158 ounces PdEq and a total Inferred resource of 9,852,138 tonnes at an average grade of 2.1 g/t PdEq containing 663,660 ounces PdEq and are currently in the midst of a 40,000-metre drilling program. Clean Air is led by Jim Gallagher, Executive Chair who was most recently CEO of North American Palladium Ltd. (NAP) at the time NAP was sold to Implats for $1B.
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.