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Spearmint expects to begin this much anticipated and fully funded drill programme in December 2021. Spearmint is fully funded for this drill programme using funds from a flow-through financing of US$1 million dollars at US$00.20 completed in May 2021, which included a lead investment by certain funds managed by Sprott Asset Management LP. Previous work programnes on the Perron-East gold project have discovered multiple soil anomalies and an induced polarisation (IP) survey over these anomalies have defined the highest priority drill targets. Laurentia Exploration, the same geological team who have conducted significant drill programmes for both Amex and Starr Peak, will be overseeing all aspects of Spearmint’s upcoming drill programme on the Perron-East Gold Project. Management cautions that past results or discoveries on properties in proximity to Spearmint may not necessarily be indicative to the presence of mineralisation on the company’s properties. On 2 November 2021, Starr Peak Mining Ltd announced significant drill results from its ongoing 2021 drilling campaign, with multiple VMS intersects up to 6.65% zinc-equivalent over 13.45 m, including 3.83% copper (Cu) over 2.25 m. announced significant drill results including 44.8 m of 8.25 g/t gold (Au) and 64.75 m of 1.22 g/t Au at Perron. On 11 November 2021, Amex Exploration Inc.
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Spearmint’s 100% owned Perron-East gold project in Quebec is located in the direct vicinity of Amex Exploration Inc. has announced that the application for a permit to conduct exploration drilling on the Perron-East Gold Project has been approved by the Quebec Ministry of Forests, Wildlife and Parks.