Vancouver, British Columbia--(Newsfile Corp. - December 6, 2016) - Spearmint Resources Inc. (TSXV: SRJ) (OTCBB: SPMTF) ("SRJ" or the "Company") wishes to announce that the geological work crew on its Clayton Valley Lithium property has identified two distinct lithium targets on its claim block. This property consists of 880 contiguous acres in Nevada that are bordering directly to the east of the Pure Energy Minerals current drill program and directly south of Cypress Development Corp (who recently signed a deal with Pure for that property and have been enjoying success on their most recent work programs).
On the recently completed work program, a total of 91 samples were sent to the lab for lithium grade testing. Geologic mapping and sampling has confirmed the presence of lithium bearing green clays of volcanic origin and gravity maps of the Clayton Valley indicate that the brine associated within Pure Energies R8 Reflector Zone, the main Ash Aquifer, is located approximately 600 to 700 feet below the surface. Both targets can be easily tested by reverse circulation and conventional rotary drilling.
James Nelson, Director of Spearmint states, "We are pleased with the speed and quality work exhibited by the crews. We eagerly anticipate the samples coming back in the next few days and feel very positive about what they will return based on the area that we are in. Historic and present drill programs in adjacent and nearby properties is certainly encouraging and the success of our neighbours (Pure Energy and Cypress Development) provide Spearmint with an optimal location in the Clayton Valley. With the samples just days away, we eagerly anticipate assessing the next phase of drill or work programs"
Spearmint Resources Inc. management also continues to actively evaluate additional corporate growth drivers. The new areas that will be investigated will potentially include, but will not be limited to, additional mining areas such as base metals, minor metals, agriculture, edibles, beverages and medical situations. At this time, no new project has been completed, and there is no guarantee that one will be acceptable and approved by the board.
Frank Bain, PGeo and qualified technical person has reviewed this news release.
