In short

Net Present Value:

N/A

No data released

Resource Estimate:

0.9 Mt LCE

LCE, Measured & Indicated

Stage:

Resource Estimate

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Lithium project:

Clayton Valley

Nevada, USA

Project Summary

Net Present Value

N/A

No figures released

Resource Estimate

0.9 Mt Lce

Completed Stage:

Resource Estimate

Location: Nevada, USA
Completed Stage: N/A
Next Stage: Expansion Drilling
Deposit type: Sedimentary

Website: Spearmint Resources

Company description

Spearmint has discovered its highest drill core lithium values to date of 1,840 ppm Li from its 2020 phase II multi-hole drill program. All 10 drill holes of the phase II 2020 drill program on its Clayton Valley Lithium Clay Project in Nevada have intersected the targeted potential lithium hosting claystone. Results from the remaining 7 holes are expected back shortly.

Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (FSE: SQH) (the “Company) is very pleased to announce that it has received the Technical Report and maiden resource estimate on its 100%-owned Clayton Valley Lithium Clay Project in Nevada, USA. The Technical Report includes a maiden resource estimate of 815,000 indicated tonnes and 191,000 inferred tonnes for a total of 1,006,000 tonnes of Lithium Carbonate Equivalent (LCE).

Project Economics

Initial capital costs

N/A

No data released

After-tax IRR

N/A

No data released

Operation Cost

N/A

No data released

Ownership

100%

Of the TLC project

Company financials

Debt

$0.52 M CAD

Jul 20, 2020

Cash & Cash eq

$0.8 M

Jul 20, 2020
includes Assets up for sale

 

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