Spearmint acquires Hammernose prospect

Nov 1, 2018

2018-11-01 06:59 ET – News Release

Mr. James Nelson reports

SPEARMINT ACQUIRES THE HAMMERNOSE GOLD PROSPECT IN BRITISH COLUMBIA BORDERING THE STRATEGIC ALLIANCE BETWEEN WESTHAVEN RESOURCES INC. & SABLE RESOURCES LTD.

Spearmint Resources Inc. has acquired the Hammernose gold prospect consisting of 5,140 acres directly bordering the strategic alliance between Westhaven Resources Inc. and Sable Resource Ltd. in the Spences Bridge gold belt (SBGB) located in Southern British Colombia, Canada.

On Oct. 2, 2018, Westhaven released high-grade drill results at its Shovelnose project intersecting 1.65 metres of 175 grams per tonne gold and 249 g/t silver, and recognition of visible gold in five drill holes. On Oct. 31, 2018, Westhaven reported high-grade drill results of 46.20 metres of 8.95 g/t gold and 65.47 g/t silver, including 5.00 m of 14.70 g/t Au and 215.00 g/t Ag at Shovelnose.

According to Sable Resources Ltd. (news release dated Oct. 16, 2018), the SBGB is a 200-kilometre-long-by-30-kilometre-wide emerging low-sulphidation epithermal gold belt that is believed to be highly prospective and underexplored. Interpreted to be a failed cretaceous rift basin, Sable believes the belt is prospective for Fruta del Norte-style high-grade epithermal mineralization. It is close to major transportation routes and infrastructure allowing for cost-effective exploration. The SBGB is a 110-kilometre northwest-trending belt of intermediate to felsic volcanic rocks dominated by the Cretaceous Spences Bridge group.

James Nelson, president of Spearmint, stated: “We are inspired by the recent success of Westhaven resources Inc.’s high-grade drill results in the Spences Bridge gold belt and are pleased to add the Hammernose prospect to Spearmint’s portfolio of projects. With the recent acquisition of a district-size prospect bordering Serengeti Resources Inc., in addition to ongoing activity on our gold properties bordering GT Gold in the Golden Triangle of B.C., and the fact we are about to begin work programs on our vanadium property in Quebec, we expect to be very active throughout the remainder of 2018 and heading into 2019. Spearmint has also recently engaged a new IR specialist to increase investor awareness as we enter this exciting time period.”

About Spearmint Resources Inc.

Spearmint’s current projects also include three areas of focus on gold in British Columbia: the Golden Triangle gold prospects comprising four separate claim blocks totalling 4,095 acres bordering GT Gold Corp., the Gold Mountain prospects comprising three separate claim blocks totalling 1,245 acres bordering Barkerville Gold Mines and the 3,052-acre Neba prospect bordering Aben Resources Ltd. Spearmint’s 8,482-acre EL North nickel-copper prospect is a contiguous land package that includes the EL North, EL North 2 and the Buddy claims in the Eskay Creek camp bordering Garibaldi Resources Corp.

Greg Thomson, PGeo, qualified technical person, has reviewed this news release and approved the content.

https://spearmintresources.ca/news/