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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

Post by Wangotango67on Mar 03, 2021 12:41pm
167 Views
Post# 32705646

Leak'n

Leak'nSounds like you're paranoid....lol

Relax... Obvioisly Spanish Mountain has gold.
It's just a matter how they carve the deposit and how many ore tonnes vs ounces
they compile for the - PFS.

I ventured down the carbon road for only one purpose.
To see if the carbon in SPA's ores might add a complimentry second mineral credit.

if, they have carbon with good purity, then why not add it as a second credit...?
After all, lots of links online suggest - carbon does not dissolve in acid.
Which points to - intact mineral - while in acid.
I'm wondering if the gold placed in acid dissolves in solution and if,
the carbon reamins whole - carbon would be easily extracted..

In the 2019 tech report it suggests there's uoto 30% carbonecous ores.
Now.. the one drill core in the 2010 tech report - showed an approx 
value of 3% in three ore lenses -

which just now...ugh...
i came to the realization  - i think i made a mistake on this...
I added - all 3 percentagers =  when i should've averaged.
Which places the carbon percentage content in  a 3% value.
My humblest appologies.

If i use the current 39,000,000 tonne PFS expected ore tonnage
x 3% carbon content  ( stil lpretty decent ) considering some peers have 1.5% - 4%
= 1,170,000/tonnes   of carbon.
x $600/ tonne ( china link example 400 mesh )
= $702,000,000.00 / million usd ( hypothetical )

SPA's gold  metal credit is ...
$56.00 / every tonne

If the carbon is the correct carbon -
It would translate to = .$18.00 / every tonne
= 32% value of the gold metal value....



Anyways...
I too... look forward to the PFS.

Lastly... I wonder if larger drill cores were performed.
I've readsome report whereas, other juniors who use larger diameter cores sometimes
allows for a more accurate gold /per tonne value. - most often the grams increase.
 
And if it's any consoation - Leak/n...
I've always written in depth posts....
It's just the way i'm made... again, my apologies, for probing
the carbon credit... just trying to help the junior with another credit.
 

Cheers...
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