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Source: Spearmint Resources
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  • Spearmint Resources (SPMTI) is applying for a permit to conduct exploration drilling in Quebec
  • The application applies to the mineral exploration company’s Perron-East Gold Project
  • The project is located in Quebec in the direct vicinity of Amex Exploration and Starr Peak Mining
  • Spearmint expects to begin a fully-funded drill program next month on the project
  • Spearmint Resources is down 3.03 per cent, trading at $0.16 at 12:23 pm ET

Spearmint Resources (SPMTI) is applying for a permit to conduct exploration drilling in Quebec.

The application applies to the Vancouver-based mineral exploration company’s Perron-East Gold Project.

The project is located in Quebec in the direct vicinity of Amex Exploration and Starr Peak Mining Ltd. Both companies recently released significant results from the area.

The same geological team that conducted drill programs for both Amex and Starr Peak, will be overseeing all aspects of Spearmint’s upcoming drill program on the Perron-East gold Project.

Previous work programs on the Perron-East gold project have discovered multiple soil anomalies and an Induced Polarization survey over these anomalies defined the highest priority drill targets.

Spearmint expects to begin a drill program next month on the project.

The company is fully funded for the drill program using funds from flow-through financing of $1 million dollars at twenty cents completed in May 2021.

The permit application has been submitted to the Quebec Ministry of Forests, Wildlife and Parks.

Spearmint owns a 100-percent interest in the Perron-East Gold Project.

“We are very pleased to have now applied for a drill permit on the Perron-East gold project in Quebec, located in the direct vicinity of Amex Exploration Inc. and Starr Peak Mining Ltd. Both of these companies have recently undertaken significant drill programs utilizing the same geological team (Laurentia Exploration) that will be conducting Spearmint’s drill program. This drill program is fully funded using $1 million of flow-through funds already on hand,” said Spearmint Resources President James Nelson.

Spearmint Resources is down 3.03 per cent, trading at $0.16 at 12:23 pm ET.

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