- Vancouver-based Spearmint Resources is starting operations on its ‘Escape Lake North’ Platinum Group Metals Project
- The project is located near existing infrastructure in a mining-friendly jurisdiction just north of Thunder Bay, Ontario
- The company owns 100 per cent of the project, which consists of approximately 4,000 contiguous acres
- All of the company’s projects are well funded for the remainder of 2021
- Spearmint Resources is unchanged, trading at $0.17 at 11:30 am ET
Vancouver-based Spearmint Resources is starting operations on its ‘Escape Lake North’ Platinum Group Metals Project.
The PGM Project is located near existing infrastructure in a mining-friendly jurisdiction just north of Thunder Bay, Ontario.
The company owns 100 per cent of the project, which consists of approximately 4,000 contiguous acres and directly borders Clean Air Metals’ Thunder Bay North Project PGM deposit.
The Escape Lake North Project is intersected by three northwest-trending faults and is partially cross-cut by the regional east-west Lasseter Lake Fault.
“We are extremely excited to have begun this initial work program on our ‘Escape Lake North’ project directly bordering Clean Air Metals in an area hosting world-class PGM deposits. This marks the third work program we are currently in the process of undertaking for the summer. Crews are currently underway on our gold project in Quebec in the direct vicinity of Amex Exploration Inc. and Starr Peak Mining Ltd., and we expect to begin work on our ‘Goose’ Gold Project in Newfoundland directly bordering New Found Gold Corp. very shortly. We are well funded for all three Canadian work programs including flow-through funds which include an initial investment by certain funds managed by Sprott Asset Management LP.
We are very optimistic about the future of platinum group metals (PGM) and look forward to starting up operations on this project as well as the remainder of 2021 and beyond in terms of corporate growth for Spearmint,” said Spearmint Resources President James Nelson.
Spearmint’s current projects include the Clayton Valley Lithium Projects in Nevada comprised of two claim blocks totalling 1,160 acres directly bordering Pure Energy Minerals & Cypress Development where Spearmint has recently discovered lithium in all 10 out of 10 drill holes.
Spearmint Resources is unchanged, trading at $0.17 at 11:30 am ET.
