Vancouver, British Columbia--(Newsfile Corp. - November 16, 2016) - Spearmint Resources Inc. (TSXV: SRJ) (OTCBB: SPMTF) ("SRJ" or the "Company") wishes to announce that the geological work crew on its 100% owned Clayton Valley Lithium property has completed the first phase of the work program. This property consists of 880 acres of unpatented mineral claims in Nevada. These claims are located directly to the east of the Pure Energy Minerals Current Drill Program and directly bordering Pure and Cypress (who recently signed a deal with Pure for that property). Historic and present drill programs in adjacent and nearby properties are suggestive of the potential for the discovery of lithium-bearing brines. A total of 91 samples have been sent to the lab for lithium grade testing. We expect the samples to come back from the lab in 2-6 weeks and at that point we can assess the next phase of drill or work programs.
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 and feel very positive about what they will return based on the area that we are in. We are directly beside the current drill program of Pure Energy Minerals Clayton Valley drill program. We are directly between Pure and NorAm who are off to the East of us, and Cypress, directly above us, thus giving Spearmint an optimal location in the Clayton Valley."
Spearmint Resources Inc. management 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, 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.
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