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Spanish Mountain Gold Ltd V.SPA

Alternate Symbol(s):  SPAZF

Spanish Mountain Gold Ltd. is a Canada-based exploration-stage resource company. engaged The Company is engaged in the acquisition, exploration and development of mineral properties. The Company is focused on advancing its 100%-owned Spanish Mountain Gold Project in southern central British Columbia. The Spanish Mountain gold project is located about six kilometers from the village of Likely, in the Cariboo region of central British Columbia, approximately 70 kilometers north-east of the city of Williams Lake. The Company does not generate any revenue. The Company's wholly owned subsidiary is Wildrose Resources Ltd. (Wildrose).


TSXV:SPA - Post by User

Bullboard Posts
Post by goldhunter11on Aug 21, 2020 10:15am
253 Views
Post# 31437943

News Release

News ReleaseHere is the link.... and excerpt saying that the Summer drill program is ready to go with 2 main objectives:
- additional drill holes and test pit to sustain the proposed PEA
- expand Phase I (using only the high-grade/1gpt which is less than 30% of the RE)
(a) Link:
https://www.spanishmountaingold.com/news/2020/spanish-mountain-gold-activates-first-module-of-field-program/

 (b) Excerpt: "This first module consists of a series of geotechnical drill holes and test pits that will develop additional data to sustain the proposed project infrastructure as outlined in the Preliminary Economic Assessment (“PEA”) filed in December 2019, which delineates the Project’s current mineral resource.  The program will also develop additional data that will assist in the evaluation of the potential for an expanded Phase 1 scenario as part of the Preliminary Feasibility Study that could be undertaken later this year.  The field program will be monitored by independent engineers from Knight Pisold Ltd."
GH11
Bullboard Posts