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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 Apr 14, 2021 11:23am
198 Views
Post# 32992768

VEIN GOLD or PLACER DISSEMINATED GOLD ?

VEIN GOLD or PLACER DISSEMINATED GOLD ?
Perhaps both - are apparent on Spanish mountain.
Ansperhaps why so many juniors have provided so many opinions on the Spanish.
Faults, Verining, Nuggety affect along with disseminated gold values in soils -  have all been documented.

Numerous trenching programs, drill programs,  test pits, and even  processing the gold with
wash sluice plants and sent out to actual mine processing plants - have been as well documented.


In 1992, two mills ran ores from Spanish -
Premier = 318 tinnes = 1431 grams = 4.5/g per tonne
Greenwood = 105 tonnes = 3266 grams = 31 grams per tonne


In 1992, Eastfield Resources Ltd. reassembled the Spanish Mountain property with option agreements with several individuals. During 1992, Renoble Holdings Incorporated (subleasing from Eastfield) mined and stockpiled 635 tonnes from a small open pit on the M1 vein in the Madre Zone (CPW claim).

This material was processed in two separate mill runs: 318 tonnes were sent to the Premier mill and 105 tonnes were sent to the Bow Mines (Greenwood) mill. Schroeter estimates 1431 grams (46 ounces) of gold were recovered from the Premier mill and 3266 grams (105 ounces) of gold were recovered from the Greenwood mill.



 " Imperials " 1999 report whereas, 464 holes @ 13m deep were performed.
Very near surface - 4 sizes of ore was screded with under 3/8 trucked to Imerpial.
Though not pointed out - this sort of test is a very good test - which would detect - disseminated free gold -  placer - nuggety gold... bulk testing.
The average ?
3.02 grams per tonne
What i find amusing is - Imperial deemed it not worthy of, enrichments ores to add to thier 
operation at the time... lol
3.02/grams per tone wasn't good enough ?
Even to deal with the excess pyrite ?
lol -


In 1999, Imperial Metals Corporation optioned the Spanish Mountain property from Wildrose to determine if low-grade gold-mineralized sedimentary rock on the property could be used as millfeed “sweetener” for their Mount Polly Mine copper-gold concentrator located 15 kilometres away. Metallurgical testing was carried out in late 1999 on samples from the Madre and LE zones. Five prospective areas on the property were chosen for evaluation: the Madre, LE, M5, 103 and Dodge zones. The initial objective on the property was to determine if any of the areas had consistent, elevated gold values (greater than 1 gram per tonne).

Each site was percussion drilled using an air-track drill in a grid-like, blast pattern. A total of 464 holes were drilled to a maximum depth of 13 metres for a tally of 2542 metres drilled. The LE Zone produced the best analytical results; 107 of 201 samples collected graded better than 1 gram per tonne and 153 samples graded better than 0.5 gram per tonne. The area of the final blast encompassed 103 of these holes with an average assay of 2.20 grams per tonne gold. The LE zone blasted well, producing a fine muck pile that was amenable to screening. This was in contrast to the M5 Zone which produced large angular blocks and much fly rock, with the result that no further work was done with the material from the M5 Zone. The LE Zone muck was screened into four size fractions with the fine fraction (-3/8”) being trucked to Mount Polley for further grinding and processing. A total of 64 truckloads, weighting 1908 dry tonnes, were trucked to Mount Polley during the period July 24–29, 2000.

The average gold content of this material was determined by mine staff to be 3.02 grams per tonne. The material was fed into the mill at a rate of approximately 50-100 tonnes per hour over a 2 day period, comprising a maximum of 10 per cent of the total mill feed. Robertson (2001) reports that gold recovery in the milling circuit was good; however, boosting the amount of pyrite pulled off to increase gold recovery in the flotation circuit had an adverse effect on the copper concentrate grade. As a result it was concluded that the Spanish Mountain material was not suitable for blending with the Mount Polley mill feed owing to the fact that the added precious metals credits were more than offset by the reduced copper grade.



What i'm seeing or is it... reading between the lines is...
Several juniors poking at the Spanish and having a hard time characterizing the, Spanish deposit - and most likely because most were trying to label it a - fault or veining depoist.
Throughout the report - there are hints and pirces that elude to - placer gold - disseminated gold, nuggety free gold - which directly points to - placer gold.

Which requires - bulk testing and perhaps why the drills are a hit and miss - showing high enrichment zones of gold vs lower values elsewhere.

In addition - there appearsto be a fear factor when depending upon - drill cores -
But.. when the deposit is delineated - there appears to be a stronger support of far higher grades than, anticipated. Hnece - nuggety gold / placer gold deposits are known for this affect - consistency is verey hard to nail in a drill core vs actual bulk testing to determine what is what..

At the end of the day...
It's all about the meter spacing between each dril lhole - and the odds of thr junior nailing
a narea of the ore body with good results - vs - 2 feet to the left or right, could rreally produce even better results = disseminated gold will create this end outcome.
.
 ----------------------------------------------------------------------------------------------------------------------------

What did Spanish do not long ago ?
33 drill holes - analyzed
600m dril lholes
84 test pits

Yeah... more test pits - would love to see if these test pits correlate to historical reports.
If the gram values are wel labove 1/g  per tonne...

FELD WORK COMPLETE - 2020
The Company began the current year's field work in August. The initial work module generated a significant amount of data from 33 geotechnical drill holes, 600 metres of diamond drill holes and 84 test pits, which appear to support the proposed project configuration as outlined in the Preliminary Economic Assessment (PEA) filed in December 2019, which also delineates the Project's current mineral resource.


October 27 2020
The Company expects to deliver on its stated objective of completing the PFS
during the first quarter of 2021.

Larry Yau, CEO commented:
"This is truly an exciting moment for our shareholders.


WHERE ARE WE NOW ?
April 14 2021.



LINK -  MINE FILE - HISTORY OF SPANISH MOUNTAIN
https://minfile.gov.bc.ca/Summary.aspx?minfilno=093A++043


Cheers....

Anon... hard at it today....
lol
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