Spearmint Resources Releases Maiden Resource Estimate At Clayton Valley Lithium Project

Spearmint Resources (CSE: SPMT) this morning released its maiden resource estimate for its flagship Clayton Valley Lithium Clay Project which it wholly owns. The project itself is situated west of Tonopah, where it consists of 26 unpatented claims covering 360 hectares.

The maiden resource estimate on the property has indicated that the project contains an estimated 815,000 indicated tonnes and 191,000 inferred tonnes of lithium carbonate equivalent. Resources are contained in an economic pit-shell, to a depth of 163 meters below surface, based on a cut-off of 400 ppm lithium.

The estimate follows a recent 10 hole drill program conducted on the property, which encountered lithium within all assays conducted by the firm. The company has indicated it intends to conduct further drilling on the property to expand the current maiden resources.

Spearmint Resources last traded at $0.175 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 @ $36 & We’re Still 200M Oz Short | Paul Andre Huet – Americas Gold and Silver

Gold’s Wild Bull Run: Are Markets About to Break? | Mike McGlone

First Majestic Silver: The Santa Elena Mine

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Eramet Focuses On Lithium, Marking $2 Billion Investment

French mining company Eramet is set to make a substantial investment of nearly $2 billion...

Tuesday, November 14, 2023, 02:12:00 PM

Patriot Battery Metals Reports Spodumene Pegmatite Intersected In Nine Holes Under Summer Drill Program

Patriot Battery Metals (CSE: PMET) released an update this morning on its ongoing summer drill...

Wednesday, June 29, 2022, 09:13:00 AM

Rio Tinto Eyes Canadian Lithium Production

Rio Tinto CEO Jakob Stausholm voiced the company’s interest in delving into lithium production in...

Friday, March 8, 2024, 07:01:00 AM

Lithium Americas: Nevada Court Upholds Permit For Thacker Pass Mine

A Nevada district court judge affirmed on Monday the federal government’s decision to license the...

Tuesday, February 7, 2023, 10:36:58 AM

Sigma Lithium: Constructive PEA on Brazil Lithium Project; Production Could Begin in Just Over a Year

On June 2, Sigma Lithium Resources (TSXV: SGMA) released a constructive preliminary economic assessment (PEA)...

Sunday, June 6, 2021, 09:00:00 AM