New data Spearmint Resources has announced it has received the updated technical report and mineral resource estimate for its McGee lithium clay deposit in Clayton Valley, in the U.S. state of Nevada.
“The Technical Report includes an updated Mineral Resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE,” the Vancouver-based business said in a statement.
James Nelson, the president of Spearmint Resources, was quoted in the statement as saying that the company is “very pleased to have increased our mineral resource estimate by more than double that of our maiden resource estimate. We foresee continued consolidation within the lithium space and this updated report adds significant value to Spearmint. Our goal is to develop this deposit with the hope to secure a domestic source of lithium right in the heart of the Clayton Valley”.