Spearmint Resources Encounters Claystone Over 171 Metres In First Drill Hole

Spearmint Resources (CSE: SPMT) continues to intersect lithium on its flagship McGee Lithium Project in Nevada. The firm this morning released its first drill data from the currently ongoing drill program.

The first hole of the current drill program has reportedly hit the longest interval of continuous potentially-lithium bearing claystone to date. The intersect, at 562 feet, or 171 metres, has yet to be assayed by the company.

The intersect was encountered approximately 760 metres from any previous drill hole, in a location that borders both Cypress Developments and Pure Energy Minerals’ properties. The current drill program is focused on expanding the mineral resource estimate of the property, with further drilling slated to occur near to this initial hole, which is focused on the same claystone formation as the aforementioned companies.

Spearmint currently has a resource estimate of 815,000 indicated tonnes and 191,000 inferred tonnes of lithium carbonate equivalent at the McGee project.

Spearmint Resources last traded at $0.17 on the CSE.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Silver47 Completes Property-Wide Geochemical, Rock Sampling Program At Adams Plateau, Identifies Numerous Targets

Altamira Gold Identifies Presence Of Second Mineralized Porphyry Body At Cajueiro

Related News

General Motors’ Lithium Deal In California Desert Underscores Value of Well-Defined Lithium Projects

On July 2, General Motors Company (NYSE: GM) reached an agreement with Controlled Thermal Resources...

Sunday, July 11, 2021, 09:00:00 AM

Noram Intersects 50 Metres Of Lithium Claystone On Second Hole In Drill Program

Noram Ventures (TSXV: NRM) this morning announced that drilling is ongoing at the Zeus property,...

Tuesday, November 24, 2020, 10:25:44 AM

Cypress Development Begins Testing Extraction Of Lithium From Clay

Cypress Development Corp (TSXV: CYP) has begun the process of extracting lithium from claystone. The...

Wednesday, November 10, 2021, 08:53:47 AM

German Lithium Production Facility Faces Potential Shutdown Should EU Classify the Metal as Hazardous

Uh-oh! It turns out that electric vehicles— or at the least the materials making up...

Thursday, June 9, 2022, 10:22:00 AM

Environmentalists Are Crushing Clean Energy Mining Projects Even In Relatively Affluent Countries

Intense on-the-ground opposition to clean energy-related mining projects even in countries with reasonably high standards...

Saturday, November 11, 2023, 12:37:00 PM