Source: Spearmint Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Spearmint Resources Inc. (CSE:SPMT) has hired Forage Fusion Drilling for the maiden exploration drill program on the 100-per-cent-owned Goose Gold Project
  • The project directly borders New Found Gold Corp.’s Queensway project in Newfoundland
  • The company expects the first drill program to begin in July
  • Spearmint Resources Inc. is a mineral exploration company focused on acquiring, exploring and evaluating mineral properties
  • Spearmint Resources Inc. opened trading at $0.07

Spearmint Resources (SPMT) has hired Forage Fusion Drilling Ltd. as the driller for the first exploration drill program on the Goose Gold Project.

The Goose Gold Project directly borders New Found Gold Corp.’s Queensway project in Newfoundland.

The company expects the drill program to begin in July.

“Not only do we border New Found Gold, but our ‘Goose Gold Project’ is approximately 1 km from their “Keats Zone” discovery, making this one of, if not the closest projects to the discovery,” said James Nelson, President of Spearmint Resources.

“This drill program is funded with flow-through funds on hand which included an investment by certain funds managed by Sprott Asset Management LP, and 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,” he added.

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

Spearmint Resources Inc. opened trading at $0.07.

More From The Market Herald
Filo Mining

" Filo Mining increases financing to $130M

Filo Mining (TSX:FIL) has increased its non-brokered private placement to raise gross proceeds of $130 million, due to strong demand.

" AJN Resources to acquire interest in a highly prospective Eastern DRC lithium permit

AJN Resources (CSE:AJN) will acquire up to a 70 per cent interest in a highly prospective lithium exploration permit.

" Ready to drill, Mantaro completes pad construction at Santas Gloria

Mantaro Precious Metals (TSXV:MNTR) completed drill pad construction at the Santas Gloria Project, ahead of its maiden drill program.

" Canadian diamond miner to raise $800K for discovery follow up

VR Resources, a Canadian diamond miner, seeks to raise up to $800,000 through a non-brokered private placement.