72.23 G/T AU OVER 12.05 METRES INTERSECTED AT SHAFT ZONE…SRJ has 7 Golden Triangle Prospects

Sep 27, 2017

Currently trading under 5 cents

Yesterday Spearmint’s neighbour in BC (Barkerville Gold Mines BGM.v) announced great results on their Cariboo Gold Project including 72.23 g/t Au over 12.05 metres ( full release below). On April 18, 2017 Spearmint Resources Inc. acquired three separate claim blocks comprising 1,245 acres that make up the Gold Mountain gold project near the town of Wells, B.C. Two of these claim blocks are completely surrounded by Barkerville Gold Mines Ltd. Cariboo Gold Project. The other claim block borders Barkerville Gold Mines.

RECENT NEWS:

Spearmint Resources Inc. (Sept 13 ,2017) (“SRJ” or the “Company”) (SRJ—TSX.V) (SPMTF—OTCBB) (A2AHL5–FSE) wishes wishes to announce that it has acquired a 100 percent interest in the 3,052 acre “NEBA’ Copper-Gold Prospect in the Golden Triangle of British Columbia. This prospect borders Aben Resources Ltd (ABN.v). Aben recently announced on September 5th, 2017 “At Boundary, massive to semi-massive sulphide horizons were encountered in association with strong quartz carbonate veining and breccias. Sulphides within these packages are relatively enriched in chalcopyrite, a copper mineral that has shown a strong correlation with gold mineralization both on the Forrest Kerr Property and in several localities within the Golden Triangle…” This new prospect directly borders Aben’s Boundary zone.

James Nelson, President of Spearmint states, “We are very pleased to acquire this substantial claim block directly bordering Aben Resources. This new block is directly bordering Aben’s Boundary Zone located in the Golden Triangle of British Columbia. We have been aggressively expanding our acreage in the Golden Triangle as we feel that this area will be a global focus for Nickel-Gold-Copper institutional and retail investors. Spearmint now has 7 separate prospects within the Golden Triangle.”

Spearmint has recently acquired a 100-per-cent interest in four separate gold prospects located in the Golden Triangle gold district in British Columbia. These new prospects directly border GT Gold Corp’s (GTT.v) Tatogga Lake prospect. Spearmint also recently acquired 4,082 contiguous acres “EL North and EL North 2’ Nickel-Copper prospects bordering Garibaldi Resources Corp (GGI.v).

Spearmint Resources Inc. is a Canadian junior resource exploration company dedicated to the aggressive pursuit of world class mineral deposits. Spearmint’s current projects include three areas of focus on gold in British Columbia; the ‘Golden Triangle Gold Prospects’ comprising of four separate claim blocks totaling 4,095-acres bordering GT Gold Corp (GTT.v), the ‘Gold Mountain Prospects’ comprising of three separate claim blocks totaling 1,245-acres bordering Barkerville Gold Mines (BGM.v), and the 3,052 acre ‘NEBA Prospect’ bordering Aben Resources Ltd (ABN.v). Spearmint’s 1,975 and 2,107 acre ‘EL North and EL North 2’ Nickel-Copper prospects in the Eskay Creek Camp border Garibaldi Resources Corp (GGI.v). Spearmint’s ‘Chibougamau Vanadium Prospects’ comprising of five separate claim blocks totaling 9,735-acres borders the vanadium deposit of BlackRock Metal’s (private) Ilmenite vanadium project, Vanadiumcorp Resource Inc. (VRB.v) and Vanadium One Energy Corp. (VONE.v). Spearmint’s portfolio of lithium projects include the ‘Clayton Valley Lithium Prospects’ in Nevada comprising of two claim blocks totaling 800-acres bordering Pure Energy Minerals (PE.v), and 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’.

Spearmint is currently in the process of creating location maps for our properties as well as updating the website.

If you would like to be added to Spearmint’s news distribution list, please send your email address to [email protected].

Contact Information
Tel: 1604646-6903
www.spearmintresources.ca

“James Nelson”
President
Spearmint Resources Inc.

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.

BGM INTERSECTS 72.23 G/T AU OVER 12.05 METRES AT SHAFT ZONE

Barkerville Gold Mines Ltd. has released additional drilling results from the continuing 130,000-metre phase 2 Island Mountain exploration and infill drilling program at the company’s flagship Cariboo gold project. The company is currently exploring and delineating the Valley and Shaft zones with nine drill rigs, while a 10th drill is expanding the known mineralization on the BC vein. Detailed drilling results, a drill hole location plan map and vertical section are presented on the company’s website. The exact geometry and hence true width of the mineralized zones cannot be assuredly concluded at this time therefore core lengths are reported.

Highlights:

IM-17-142: 7.54 grams per tonne gold over 14.30 metres;
IM-17-142: 10.04 g/t Au over 8.20 metres;
IM-17-151: 16.15 g/t Au over 3.55 metres;
IM-17-151: 72.23 g/t Au over 12.05 metres;
IM-17-152: 20.07 g/t Au over 4.25 metres.
Alpha corridor at Shaft zone demonstrates high gold tenor

The company is very pleased to announce the intersection of the highest gold grades encountered at the Shaft zone to date. Phase 2 infill drill hole IM-17-151 predictably intersected a modelled veining corridor now referred to as the Alpha corridor, averaging 158.19 g/t Au over 5.30 metres including 750.00 g/t Au over 0.55 metre, 479.00 g/t Au over 0.50 metre and 234.00 g/t Au over 0.60 metre hosted within a larger interval grading 72.23 g/t Au over 12.05 metres. This phase 2 drilling result is situated in the Shaft zone at a vertical depth of 350 metres below surface and correlates spatially with previously reported drill hole IM-17-112 which intersected 11.37 g/t Au over 4.75 metres. The two drill holes are separated by a horizontal distance of 15 metres. This new intersection in the Alpha corridor remains open for expansion along vein strike to the southwest of IM-17-151.

Development of other corridors

Phase 2 drill hole IM-17-142 intersected 10.04 g/t Au over 8.20 metres at a vertical depth of 350 metres below surface. This pierce point occurs 180 metres down vein dip of previously reported drill hole IM-17-141 which recently discovered a wide zone of veining grading 6.09 g/t Au over 20.40 metres. Situated 50 metres down vein plunge of the new IM-17-142 intersection, formerly disclosed drill hole IM-17-044 intersected two zones within the same corridor grading 21.23 g/t Au over 5.05 metres and 24.70 g/t Au over 6.60 metres.

Shaft zone — corridor discussion

The sandstone-hosted veining which constitutes the Alpha corridor of the Shaft zone is manifested as an anastomosing network of high vein density with an overall subvertical dip and northeast strike. Based upon drilling results to date, estimated horizontal widths of the Alpha corridor are variable and range from five to 35 metres. This corridor, as well as others that are developing in the Shaft and Valley zones have been defined from surface to a vertical depth of 600 metres and remain open for expansion to depth and down plunge. Drill hole spacing in the Alpha currently averages 25 metres between drilling sections with vertical drilling separations ranging from 20 to 75 metres with hole spacing increasing to depth. Gold grades are intimately associated with vein-hosted pyrite as well as pyritic, intensely silicified wall rock haloes in close proximity to the veins.

Qualified persons

Exploration activities at the Cariboo gold project are administered on-site by the company’s exploration manager, Maggie Layman, PGeo. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, PGeo, vice-president, exploration, is the qualified person for the company and has prepared, validated, and approved the technical and scientific content of this news release. The company strictly adheres to CIM (Canadian Institute of Mining, Metallurgy and Petroleum) best practices guidelines in conducting, documenting and reporting its exploration activities on the Cariboo gold project.

Quality assurance/quality control

Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently stored on-site at the company’s secure facility in Wells, B.C. Numbered security tags are applied to lab shipments for chain of custody requirements. The company inserts quality control (QC) samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The quality assurance/quality control program was designed and approved by Lynda Bloom, PGeo, of Analytical Solutions Ltd. and is overseen by Mr. Geddes.

Drill core samples are submitted to ALS Geochemistry’s analytical facility in North Vancouver, B.C., for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed and 250 grams are pulverized. Analysis for gold is by 50 g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 part per million and upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are reanalyzed using a 1,000 g screen metallic fire assay. A selected number of samples are also analyzed using a 48-multielemental geochemical package by a four-acid digestion, followed by inductively coupled plasma atomic emission spectroscopy (ICP-AES) and inductively coupled plasma mass spectroscopy (ICP-MS).

About Barkerville Gold Mines Ltd.

The company is focused on developing its extensive land package located in the historical Cariboo mining district of central British Columbia. Barkerville’s mineral tenures cover 2,110 square kilometres along a strike length of 67 kilometres, which includes several past-producing hard-rock mines of the historical Barkerville gold mining camp near the town of Wells, B.C. An extensive drill program is currently under way with the goal of delineating additional high-grade gold mineralization.

LENGTH-WEIGHTED GOLD COMPOSITES FOR
SHAFT ZONE PHASE 2 DRILL HOLES

Hole From To Core length Au
ID (m) (m) (m) (g/t)

IM-17-142 32.00 32.60 0.60 23.90
IM-17-142 97.20 111.50 14.30 7.54
including 105.90 107.50 1.60 13.90
and 108.85 109.45 0.60 72.90
and 111.00 111.50 0.50 54.40
IM-17-142 138.50 140.00 1.50 10.95
IM-17-142 185.50 187.00 1.50 9.82
IM-17-142 395.70 403.90 8.20 10.04
including 395.70 396.35 0.65 35.20
and 401.00 401.85 0.85 14.80
and 402.50 403.90 1.40 32.60
IM-17-142 418.50 419.25 0.75 9.00
IM-17-142 469.30 469.85 0.55 16.55
IM-17-144 113.10 113.60 0.50 18.35
IM-17-144 322.10 322.60 0.50 11.95
IM-17-144 466.50 467.00 0.50 10.55
IM-17-144 474.45 477.75 3.30 8.04
including 474.45 475.25 0.80 7.53
and 475.25 476.00 0.75 12.55
and 476.00 476.50 0.50 15.95
IM-17-144 484.60 485.10 0.50 18.50
IM-17-144 499.80 501.80 2.00 8.80
including 499.80 500.30 0.50 17.95
IM-17-144 612.40 613.65 1.25 11.25
IM-17-144 651.35 652.10 0.75 10.60
IM-17-144 689.30 689.80 0.50 13.55
IM-17-144 690.45 691.30 0.85 22.00
IM-17-145 assays pending
IM-17-147 283.75 284.35 0.60 21.30
IM-17-147 315.65 316.20 0.55 66.10
IM-17-147 421.30 422.55 1.25 21.70
IM-17-148 135.10 135.65 0.55 9.73
IM-17-148 164.50 165.00 0.50 6.98
IM-17-148 189.80 190.80 1.00 7.45
IM-17-149 308.00 308.50 0.50 19.50
IM-17-149 455.75 456.45 0.70 6.96
IM-17-149 548.70 549.55 0.85 14.60
IM-17-150 18.20 19.00 0.80 28.60
IM-17-150 86.50 90.60 4.10 9.29
including 88.00 88.80 0.80 24.50
and 89.50 90.60 1.10 14.85
IM-17-150 229.25 230.75 1.50 5.33
IM-17-150 232.55 233.60 1.05 5.45
IM-17-150 237.00 237.50 0.50 11.90
IM-17-150 272.20 272.70 0.50 9.96
IM-17-150 299.80 300.80 1.00 14.55
IM-17-150 305.95 306.70 0.75 8.97
IM-17-150 439.15 439.70 0.55 6.16
IM-17-150 443.30 444.00 0.70 52.50
IM-17-150 501.75 504.35 2.60 8.37
including 502.80 503.35 0.55 22.40
IM-17-151 16.00 19.55 3.55 16.15
including 16.85 17.50 0.65 31.20
and 18.35 18.85 0.50 67.00
IM-17-151 90.65 93.00 2.35 12.28
including 90.65 91.30 0.65 10.85
and 91.80 92.35 0.55 24.30
and 92.35 93.00 0.65 12.90
IM-17-151 99.50 100.50 1.00 33.20
IM-17-151 169.70 170.40 0.70 20.10
IM-17-151 172.95 173.60 0.65 10.75
IM-17-151 284.05 284.75 0.70 25.20
IM-17-151 292.00 292.50 0.50 15.75
IM-17-151 307.65 308.15 0.50 30.10
IM-17-151 395.20 407.25 12.05 72.23
including 401.95 407.25 5.30 158.19
including 401.95 402.50 0.55 750.00
and 402.50 403.00 0.50 479.00
and 403.00 403.60 0.60 234.00
and 403.60 404.30 0.70 9.67
and 404.30 405.00 0.70 14.75
and 405.00 405.50 0.50 14.75
and 406.25 407.25 1.00 18.25
IM-17-151 478.00 479.00 1.00 9.81
IM-17-151 540.50 542.00 1.50 9.42
IM-17-152 9.00 9.50 0.50 18.75
IM-17-152 30.40 31.70 1.30 38.50
including 30.40 31.00 0.60 16.45
and 31.00 31.70 0.70 57.40
IM-17-152 58.85 59.50 0.65 31.60
IM-17-152 114.50 115.15 0.65 22.40
IM-17-152 141.75 146.00 4.25 20.07
including 142.70 143.50 0.80 78.60
and 143.50 144.00 0.50 20.60
IM-17-152 266.00 267.00 1.00 8.24
IM-17-152 361.50 366.00 4.50 8.13
including 361.50 362.00 0.50 28.80
and 362.70 363.50 0.80 11.85
and 365.20 366.00 0.80 10.75
IM-17-153 29.90 30.40 0.50 31.10
IM-17-153 30.90 31.55 0.65 42.00
IM-17-153 76.70 78.00 1.30 17.60
IM-17-153 183.95 186.50 2.55 35.89
including 184.85 185.40 0.55 51.50
and 185.40 186.00 0.60 94.60
IM-17-153 242.60 243.90 1.30 11.90
IM-17-153-1 360.00 360.90 0.90 13.70
IM-17-153-1 364.50 365.00 0.50 12.45
IM-17-153-1 389.35 390.20 0.85 9.09

True widths cannot be accurately determined from the information available therefore core lengths are reported. Rock not recovered by drilling was assigned zero grade. Top cuts have not been applied to high-grade assays.

http://www.spearmintresources.ca/news.html