Spearmint Resources Inc. (“SRJ” or the “Company”) (SRJ—TSX.V) wishes to announce that the company is now reviewing all pertinent data and the crew will be on the property in the coming days. The Whabouchi Lakes West property located in the James Bay area of the province of Quebec, approximately 40 kilometers east of the community of Nemaska, 228 km north-northwest of the Chibougamau municipality and in the immediate vicinity of the Whabouchi deposit of Nemaska Lithium Inc. It includes 24 total claims that total approximately 12.79 square kilometers over two claim sets.
The claims overlay the possible source of three significant lake sediment geochemical anomalies. The lake sediment samples show different combinations of anomalous elements: one is anomalous in mercury, lithium, niobium, rare-earth elements and tungsten; a second one is anomalous in silver, arsenic, mercury, lithium, lead, antimony, rare-earth and tungsten; and a third one is anomalous in niobium and rare earth. Those elements are good indicators of pegmatite-hosted type of mineralization also present at Nemaska Lithium Inc.’s Whabouchi deposit.
The claims are close to road access and share some geological similarities with the Nemaska deposit: they are located within the same gneiss unit of the Opinaca subprovince; pegmatite dikes and granite intrusions are present; and the property includes a magnetic anomaly as seen near the Whabouchi deposit. Prospecting and till surveys are currently being planned to further assess the possible source of anomalies in the lake sediments.
James Nelson, director of Spearmint, stated: “We are looking forward to getting some boots on the ground on this exciting prospect. The recent flurry in activity in the lithium space has been sped up by the significant increase in demand for Lithium. Management is optimistic that this prospect produces the next discovery in Canada’s top lithium district.”
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This news release was reviewed by Rémi Charbonneau, Ph. D., P. Geo.
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Spearmint Resources Inc.
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