Source: Spearmint Resources Inc.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Spearmint Resources (SPMT) has commenced the maiden drill program at its Goose Gold Project in Newfoundland
  • The maiden drill program will consist of up to 1,000 metres of diamond drilling
  • The Goose Gold Project directly borders New Found Gold Corp.’s (TSXV:NFG) Queensway project
  • Spearmint Resources Inc. is a mineral exploration company focused on acquiring, exploring, and evaluating mineral properties
  • Spearmint Resources Inc. is up 6.67 per cent trading at $0.08 a share as of 12:50 pm ET

Spearmint Resources (SPMT) has commenced the maiden drill program at its Goose Gold Project in Newfoundland.

The maiden drill program will consist of up to 1,000 metres of diamond drilling.

Spearmint Resources’ President, James Nelson explained that the Goose Gold Project directly bordering New Found Gold Corp.’s (TSXV:NFG) Queensway project.

“Not only do we border New Found Gold, which is one of the most exciting new high-grade gold discoveries in the world, but our ‘Goose Gold Project’ is approximately 1 km from their ‘Keats Zone’ discovery making this one of the closest projects to their discovery. This maiden drill program is funded with flow-through funds on hand which included an investment by certain funds managed by Sprott Asset Management LP. Mr. Sprott is also one of the largest shareholders of New Found Gold. Spearmint also recently announced a major upgrade to our resource estimate in Nevada on our McGee Lithium Clay Deposit, having more than doubled the previous amount of lithium carbonate equivalent (LCE) to 1,369,000 indicated tonnes and 723,000 inferred tonnes of LCE for a total of 2,092,000 tonnes of LCE. We feel the second half of 2022 could have a significant impact for our shareholders.”

Spearmint Resources Inc. is a mineral exploration company focused on acquiring, exploring, and evaluating mineral properties.

Spearmint Resources Inc. is up 6.67 per cent trading at $0.08 a share as of 12:50 pm ET.


More From The Market Herald

" Montero (TSXV:MON) confirms copper – molybdenum porphyry potential at its Avispa Project

Montero Mining and Exploration (MON) has completed initial geological mapping and geochemical sampling on its Avispa Copper-Molybdenum Project in Chile.
Brixton Metals - CEO, Gary Thompson (left).

" Brixton Metals (TSXV:BBB) reports copper results from Thorn Gold’s Camp Creek target

Brixton Metals (BBB) released the latest results from its Thorn Gold Project in British Columbia.

" Your one-stop-shop supplier for the critical energy metals market

As demand rises and supply falls, battery and energy metals stocks are becoming more critical.

" Alpha Lithium (TSXV:ALLI) releases initial results from Hombre Muerto Salar

Alpha Lithium (ALLI) completed a Vertical Electrical Sounding (VES) campaign across a portion of its Salar del Hombre Muerto project.