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Bullboard - Stock Discussion Forum 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... see more

TSXV:SPA - Post Discussion

Spanish Mountain Gold Ltd > DoumDDoum....
View:
Post by Wangotango67 on Mar 04, 2021 2:26pm

DoumDDoum....

Thanks... Yes, it's a quiet board...lol
Is my DD worth anything.... maybe / maybe not.
All spec - but... it would certainly shave off some expenditures if SPA did utilize Osisko's spruced up concentrator in, Likely, B.C. - just a spit throw away.

My main rub ...?
2019 - tech report - few things....

Page 81 - is represenative of the drill hits showing gold right near surface
Page 120 - gold at deepth begins at 400 m below surface ? Not on page 81.
                  gold is very close to surface...
 
Page 90 - 2004 - 2005 drill data is not avail to the author.
I'm thinking - when a junior acquires the tenures, most often the drill data is sold with it.
Sounds like these exceptional  year class drills with long intercepts - well over 1/g per tonne
are not in the,  2019 PEA.... am i wrong ?
Note -  LT zone is the main noth zone.

Page 109 - Carbon - TOC was reduced from 3.04 % in cleaner tailings to 0.44% in gravity concentrate. -

Cabon separates nicely...but, was it ever checked for it's purity and potential 
graphene potential ? I still think there's mo carbon than stated - the one drill core pic,
i posted shows lots of carbon in the argillite. I'm thinking - are the ores being reduced firstly
which rids the argillite and siltstone - prior to classifying it as mill feed ? In some reports its said the argillites comprise over 50% of ores.much of the gold is in this kind of ore..i think they need to do another retske on the argillites - just how much carbon is in it... 


You just gotta read this minefile report...
it provides good insight that shows a potential not seen in the 2019 tech report,
such as the former drilling performed by prior juniors...
Again, were 2004/2005 drills included in 2019 tech report ?

Mine file Spanish Mountain
https://minfile.gov.bc.ca/Summary.aspx?minfilno=093A++043
  ..
2019 Tech Report
https://www.spanishmountaingold.com/site/assets/files/3364/spanish_mountain_gold_-_technical_report_-_20191202.pdf

I'm thinking - Sprott might have revisited some of those former class drill logs with last
drill capain few months ago...targeting over 1/g tonne with long intercepts. I hope they did.


There's got to be a better way to target the main zone - cutting more waste ores and capturing more gold ore - i tried it out myself, i came up with, an oval elongulated pit, vs the current round with 5 phases - ugh - an elongated round would hone right in on the wedged shaped deposit below frade and allow more tonnage and more gold with less waste ores. A round pit has to encompass far greater outside the core zone while an elongated keeps it tight to the core gold.



Cheers....
Comment by budmelmon on Mar 04, 2021 4:26pm
Hey WT.. one of the many longs here and i for one appreciate all your in depth contributions. I really did not put any value to the Argillite/ graphite as a possible credit, and you certainly have backed up all your conclusions with data/facts. Question is.. does the spa team look at this the same way you do?8% TOC is pretty rich compered to jr peers.. as you've done.. i love analogies. Have ...more  
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