Mr. James Nelson reports
SPEARMINT CLOSES ACQUISITION OF TWO BC MINERAL PROPERTIES
Spearmint Resources Inc. has closed the acquisition and now owns 100 per cent of the WHY West magnesium project near Rossland, B.C., and the Buddy claims in the Golden Triangle of British Columbia.
The Buddy claims directly border the EL North claims currently held by Spearmint. These claims are directly bordering Garibaldi Resources Corp. in the Golden Triangle of B.C. This prospect consists of approximately 4,400 contiguous acres.
James Nelson, president of Spearmint, stated: "Adding these two new projects shows the commitment SRJ management has to growing the company. Both of these areas may constitute a key building block of Spearmint going forward. The Golden Triangle of British Columbia has proven to be a global focus of mining and we are looking forward to the upcoming 2018 drill season. We recently announced a financing which we expect to close shortly which includes flow-through funds that will be implemented in B.C. and for the Quebec vanadium claims. We are also expecting to commence operations on our Clayton Valley lithium projects shortly, making 2018 the most active year in many for Spearmint."
Terms of the private placement are hard dollar at five cents with a full three-year warrant at eight cents and flow-through at 6.5 cents with a full two-year warrant at 10 cents (announced Dec. 7, 2017). A finder's fee may be paid on this placement. If you have any questions regarding this placement please call toll-free at 1-855-646-6901 or e-mail.
About Spearmint Resources Inc.
Spearmint's current projects include a portfolio of lithium prospects in the Clayton Valley of Nevada, comprising two claim blocks totalling 800 acres bordering Pure Energy Minerals and Cypress Development Corp. The company also has three lithium projects in Quebec, including the 4,485-acre Pressiac lithium prospect, the 524-acre Whabouchi Lakes lithium prospect, and the 2,636-acre Whabouchi Lakes West lithium prospect in the vicinity of Nemaska Lithium Inc. and Critical Elements Corp.
Spearmint's Chibougamau vanadium prospects comprise five separate claim blocks totalling 9,735 acres, bordering, or in the direct vicinity of, the vanadium deposit of BlackRock Metal's (private) Ilmenite vanadium project, Vanadiumcorp Resource Inc. and Vanadium One Energy Corp.
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