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Spearmint Resources significantly increases ground at emerging gold district in Quebec

It expanded its Perron-East gold prospects to around 10,000 acres from 2,000 acres previously

Amex Exploration Inc -
The past-producing Normetal mine saw around 10.1 million tonnes grading 2.24% copper, 5.41% zinc, 0.526 g/t gold and 44.45 g/t silver extracted periodically between 1937 and 1975

Spearmint Resources Inc (CSE:SPMT) (OTCMKTS:SPMTF), the multi-commodity explorer, revealed it had increased its ground five-fold in an emerging gold district in northwestern Quebec. 

In a statement, the firm said it had expanded its Perron-East gold prospects to around 10,000 acres from 2,000 acres previously, consisting of five mineral claim blocks. 

Spearmint's Perron-East property lies near the past-producing Normetal mine, from which around 10.1 million tonnes grading 2.24% copper, 5.41% zinc, 0.526 grams per ton (g/t) gold and 44.45 g/t silver were extracted periodically between 1937 and 1975, the firm noted. 

Near the Perron property

The new claims are also near to Amex Exploration Inc's (CVE:AMX) Perron property, from which additional significant drill results this month have included 2.19 g/t gold over 23.6 m and 29.4 g/t gold over 8.5 m.

"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," said Spearmint president James Nelson.

"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," he added.

"Spearmint will be extremely active in the coming months at a time when the junior mining market is seeing a rebound in investor interest."

Shares in Spearmint were unchanged on Friday at C$0.035 in Toronto.

Quick facts: Spearmint Resources Inc

Price: 0.055 CAD

CSE:SPMT
Market: CSE
Market Cap: $8.93 m
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