Spearmint Resources Inc. announced the Company has commenced its 2023 drill program on the 100% owned, Chibougamau project. The project is composed of two contiguous blocks of 14 (west block) and 5 (east block) claims for a total of 776.59 acres and 277.23 hectares, and located in the direct vicinity of Lac Chibougamau, Quebec. In 2018, Spearmint conducted drone and heli-borne airborne magnetic geophysical surveys totaling 932 line-km over an area totalling approximately 3,400 hectares at 100 metres line-spacing.

Data collected from this inaugural airborne survey shows the presence of multiple sharply defined areas of northeast trending magnetic susceptibility, including an anomaly measuring 9km in length. The drill program is composed of 4 drillholes for a total of 800 metres, all drillholes planned are in the east block and are targeting the main feature highlighted by vertical gradient of the residual magnetic field. Several pegmatites were identified in 3 drillholes about 2 km to the south-east.