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Vancouver, British Columbia--(Newsfile Corp. - February 14, 2020) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company") is pleased to announce that it has significantly expanded the Perron-East Gold Prospects from approximately 2,000 acres to now covering approximately 10,000 acres consisting of 5 mineral claim blocks located in the Abitibi greenstone belt of northwestern Quebec. These new claims are situated in the direct vicinity of Amex Exploration Inc.'s Perron property and past-producing Normetal mine. These newly acquired Perron-East Gold Prospects cover prospective ground for orogenic gold and polymetallic VMS-(volcanogenic massive sulphide)-style mineralization in a region well known for its gold occurrences and historical production.
James Nelson, President of Spearmint, stated, "Expanding our Perron-East property by approximately four times its original size gives Spearmint a significant footprint in this emerging gold district. Recently, Amex Exploration's shares have gone from a low of $0.58 to yesterday's high of $1.90 based on drill results at their Perron Project. Management looks forward to starting operations on our recently acquired claims and Spearmint has flow-through funds on hand to carry out a work program on this property. We are also planning to begin work programs on our Clayton Valley Lithium Property in Nevada and our newly acquired River Valley East Platinum/Palladium Prospect in Ontario. Spearmint will be extremely active in the coming months at a time when the junior mining market is seeing a rebound in investor interest."
Spearmint's Perron-East property is in proximity to the past-producing Normetal mine, from which approximately 10.1 million tonnes grading 2.24% copper, 5.41% zinc, 0.526 g/t gold and 44.45 g/t silver were extracted periodically between 1937 and 1975, with development down to a depth of approximately 2.4 kilometres (SIGEOM -- Mine Normetal). Furthermore, on February 6 and February 13, 2020 Amex Exploration Inc. announced additional significant drill results from Perron including 2.19 g/t Au over 23.6 m and 29.4 g/t Au over 8.5 m.
About Spearmint Resources
Spearmint's current projects include the River Valley East Platinum-Palladium Prospect in Ontario consisting of approximately 4,700 contiguous acres directly bordering New Age Metals' flagship River Valley Platinum Group Metals (PGM) project, the Perron-East Gold Prospects consisting of 5 mineral claim blocks covering approximately 10,000 acres located in the Abitibi greenstone belt of northwestern Quebec in the direct vicinity of Amex Exploration Inc.'s Perron property and past-producing Normetal mine, the 'Chibougamau Vanadium Prospect' comprising of 17,142 contiguous acres directly bordering the vanadium deposit of BlackRock Metal's (private) Ilmenite vanadium project, and Spearmint's 'Clayton Valley Lithium Prospects' in Nevada comprising of two claim blocks totalling 800 acres bordering Pure Energy Minerals & Cypress Development Corp. where Spearmint's drill results have intersected Lithium values as high as 1670ppmLi.