2) Spanish Mountain Gold - Introduction
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Spanish Mountain Gold - Governance
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Corporate Philosophy
The phrase "Relentless Pursuit of Better Gold" is the corporate philosophy of Spanish Mountain Gold. It outlines the company's commitment to building one of the "greenest" gold mines in Canada by integrating innovation, sustainability, and community relations. It represents three key operational concepts:
- Sustainable Mining: It drives the use of state-of-the-art environmental solutions. This includes using clean, renewable hydroelectricity, running low-emissions drill programs with alternative fuels, and managing dry stack tailings to protect local waterways.
- Technological Innovation: The company utilizes advanced processing methods (like ore sorting) to reject waste, enhance mill feed grades, and maximize the efficiency of extracting gold.
- Community Value: It emphasizes creating meaningful, sustainable economic benefits for neighboring communities and Indigenous groups by establishing collaborative, long-standing relationships.
Spanish Mountain Gold Corp website
https://spanishmountaingold.com/
Corporate Presentation
https://spanishmountaingold.com/investors/presentations/
News Release
https://spanishmountaingold.com/news/2026/
Financial Reports
https://spanishmountaingold.com/investors/fin...y-filings/
Management
https://spanishmountaingold.com/corporate/management/
Board of Directors
https://spanishmountaingold.com/corporate/boa...directors/
Fiscal Year End on December 31
Financial Report Frequency - Quarterly: Released at end of May, August, November. Annually: Released at end of April
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Media coverage
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Government extending support for mineral exploration in Canada
https://www.canada.ca/en/department-finance/n...anada.html
Atrium Research updates on Spanish Mountain Gold with share price target
https://www.atriumresearch.ca/spa
Spanish Mountain Gold at X.com
https://x.com/search?q=spanish%20mountain%20g...yped_query
Spanish Mountain Gold at LinkedIn.com
https://ca.linkedin.com/company/spanish-mountain-gold-ltd-
Discovery, ore sorting lift Spanish Mountain Gold
https://www.canadianminingjournal.com/news/jv...-mountain/
Jason Dunning, Senior Technical Advisor at Spanish Mountain Gold, recently joined #RCTV to discuss the latest high-grade drilling results at the Cariboo Project in B.C. He shared insights on the potential for resource growth, upcoming MRE updates, plans for a saleable gold concentrate, and key PFS/FS milestones.
https://youtu.be/nwezpTMUANQ
June 5, 2025 Peter Mah presented Spanish Mountain Gold at The Event, Quebec City
https://www.youtube.com/watch?v=9MDABJPTEFU
Spanish Mountain Gold - from the perspective of a professional geologist
https://www.youtube.com/watch?v=t5cAJjGztZs
January 26, 2026 CFO Mark Ruus presents Spanish Mountain Gold at VRIC (Duration: 13 minutes)
https://www.youtube.com/watch?v=YzmLGz1Xhhg
February 2026 EO Peter Mah of Spanish Mountain Gold Ltd. presents at Metals Investor Forum in Toronto (10 minutes)
https://www.youtube.com/watch?v=I2XVcbte6tU
February 2026 Senior Technical Advisor Jason Dunning & Peter Mah of Spanish Mountain Gold talks to John Kaiser at the Metals Investor Forum (20 minutes)
https://www.youtube.com/watch?v=BgDAvF5cv9w
May 8,9 2026 CEO Peter Mah presented Spanish Mountain Gold at MIF
https://www.youtube.com/watch?v=Apf5a6-O1A8
May 8,9 2026 CEO Peter Mah talks to Mining Analyst John Kaiser at MIF
https://www.youtube.com/watch?v=5hsLhhO2TVk
June 2-4 2026 CFO Mark Ruus presents Spanish Mountain Gold at the Mining Investment Event in Quebec City
https://www.youtube.com/watch?v=6QBjzRlOJKk
June 23, 2026 - Metals 100 interviews Peter Mah of Spanish Mountain Gold
https://www.youtube.com/watch?v=8Hfsj6Glx6E
June 26, 2026 Spanish Mountain Gold GCFF Virtual 2026 Precious Metals Conference, sponsored by NAI500
https://www.youtube.com/watch?v=wP4vRwvw5ak
September 25, 2026 CFO Mark Ruus presents Spanish Mountain Gold at the Beaver Creek Precious Metals Summit
https://www.gowebcasting.com/events/precious-...ream/42673
Resouce HeatMap TV news on Spanish Mountain Gold
https://youtu.be/vWy4r513yc8
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History of Spanish Mountain Gold
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Skygold was incorporated in the TSX Venture Exchange in 1996.
Spanish Mountain Gold was born on December 5, 2007 from the marriage between Skygold and Wildrose Resources.
Spanish Mountain Gold Ltd. is an exploration and development stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company's stock is listed in three stock exchanges: TSX Venture Stock Exchange under the symbol SPA.V, OTCQB Stock Exchange under the symbol SPAUF, Frankfurt Stock Exchange in Germany under the symbol S3Y. There has been no share consolidation since the company's inception.
The company's primary asset includes the 100% owned Spanish Mountain gold project that comprises approximately 53 contiguous mineral claims and 15 placer claims covering an area of approximately 13,598 hectares (135 square kilometers) located in the Cariboo region of central British Columbia. The head office is located in Vancouver.
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Project location
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The Spanish Mountain gold project is located about 70 kilometers northeast of the city of Williams Lake and 6 kilometers southeast of the village of Likely, in the Cariboo region of central British Columbia. It has all weather road access throughout the entire year, power to the property and close to a substation for power upgrade during production. The Cariboo Region is located to the southeast of the prolific Golden Triangle of British Columbia, the region was a hot spot during the Gold Rush of 1800's and has produced in excess of 3.8 million ounces of gold, the region is still a hot spot for increasing number of emerging gold producers and base metal producers.
Mineral potentials in the Cariboo region, BC
https://www.investcom.com/moneyshow/gold_cariboo.htm
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Other mines in the Cariboo Region of BC
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Blackwater Mine - Owned by Artemis Gold, located 250 kilometers northwest of Spanish Mountain Gold.
https://www.google.ca/maps/place/Blackwater+M...FQAw%3D%3D
It is an open pit gold and silver mine with mine life of 22 year and with mill throughput of 16,000 tpd, expandable to 33,000 tpd in year 6 and 55,000 tpd in year 11. It has Reserves of 8 million ounces of gold, 60 million ounces of silver and Resources of 11.7 million ounce of gold, 122.4 million ounces of silver. Commercial production began on May 2, 2025
ARTG.V weekly
https://stockcharts.com/sc3/ui/?s=ARTG.V&...8838982129
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Gibraltar Mines - Owned by Taseko Mines, located 50 kilometers west of Spanish Mountain Gold
https://www.google.ca/maps/place/Gibraltar+Mi...FQAw%3D%3D
The Gibraltar Mine is the second-largest open-pit copper-molybdenum mine in Canada, owned and operated by Taseko Mines. Its primary resource is low-grade porphyry copper-molybdenum deposit containing minerals chalcopyrite, molybdenite, bornite, and cuprite. As of December 31, 2024, the mine has 616 million tons of 0.26% copper and 0.008% molybdenum. ( https://www.youtube.com/watch?v=yJmanh1uQMQ )
TKO.TO weekly
https://stockcharts.com/sc3/ui/?s=TKO.TO&...5512188236
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Cariboo Gold Project - Owned by Osisko Development, located 30 kilometers northwest of Spanish Mountain Gold
https://investorshangout.com/images/MYImages/...opment.png
April 2025 feasibility study indicates a probable reserves of 16.7 million tonnes of 3.78 g/t gold containing 2.031 million ounces of gold. The company has secured US$450 million loan from Appian Capital Advisory to advance the development.
ODV.V weekly
https://stockcharts.com/sc3/ui/?s=ODV.V&p...1772820564
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Mount Polley Mine - Spanish Mountain Gold's nearest neighbor, owned by Imperial Metals, located 10 kilometers west of Spanish Mountain Gold
https://www.google.ca/maps/place/Mount+Polley...FQAw%3D%3D
2025 production targets are set for 25 to 27 million pounds of copper and 35,000 to 40,000 ounces of gold.
III.TO weekly
https://stockcharts.com/sc3/ui/?s=III.TO&...6963939447
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Aerial view of drill core storage facility
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Project boundary and claim titles
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Spanish Mountain Gold - Current claim titles (from NI 43-101 Technical Report, November 2026)
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2028 mine building decision
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Spanish Mountain Gold is planning to build a gold production infrastructure in 2028 covering an open pit mine, a 75 kilometer long, 230 kilovolt, 60 Mega Watts power line, gold extraction facilities, waste and tailings facilities, water treatment plant, workshops, offices and ancillary support services. Equipment will be supplied by Metso Canada, the project will take about 22 months to complete with gold production to commence in early 2030.
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Green Energy Initiatives
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Spanish Mountain Gold is collaborating with BC Hydro to potentially lower capital and operating costs, carbon intensity, and greenhouse gas emissions. The company is in stage 3 System Impact Study with BC Hydro for a proposed 75 kilometer, 230 kilovolt transmission line providing 60 mega-watts of power to the Spanish Mountain Gold project.
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Spanish Mountain Gold aims to build a "green gold mine" by utilizing renewable energy. The project, located near the town of Likely, British Columbia, plans to leverage direct access to clean hydroelectric power from BC Hydro to power its mining fleet. The 60 Mega Watt power supply is intended to enable the complete electrification of the mining fleet, including electric drills and trucks, reducing reliance on fossil fuels. By utilizing renewable hydro electricity, the project aims to significantly reduce its carbon intensity and greenhouse gas emissions, positioning it as one of the "greenest" gold mines in Canada.
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Spanish Mountain Gold Mine's power is sourced from British Columbia's Peace River hydroelectric dam
https://www.google.ca/maps/search/Peace+River...FQAw%3D%3D
The Peace River hydroelectric dam is composed of three hydroelectric facilities:
- W.A.C. Bennett Dam (G.M. Shrum Generating Station)
- Peace Canyon Dam
- John Horgan Dam (Site C)
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W.A.C. Bennett Dam has a capacity of 2,790 Mega Watt, producing 13,000 Gigawatt-Hours of electricity annually.
Peace Canyon Dam has a capacity of 700 Mega Watt, producing over 3,500 Gigawatt-Hours of electricity annually.
John Horgan Dam (Site C) has a capacity of 1,230 Mega Watt, producing 5,100 Gigawatt-Hours of electricity annually.
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Video - Peace River hydroelectric dam in British Colombia
https://www.youtube.com/watch?v=00_MYoUDoEo
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Open pit mine
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In the coming 2030 Cariboo gold rush, Spanish Mountain Gold Mine will be the third biggest mining project in the Cariboo region after Artemis Gold's Blackwater Mine and Osisko Development's Golden Cariboo Project.
Spanish Mountain Gold re-ignites the Cariboo Gold Rush of 1861
Google map of Spanish Mountain Gold area
https://www.google.ca/maps/place/Cedar+Creek+...FQAw%3D%3D
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From NI 43-101 Technical Report, November 2026. The process design consists of the following major components:
◼ Primary crushing ROM mineralized material.
◼ SAG and Ball mill grinding with cyclone classification.
◼ Coarse particle flotation with concentrate regrind.
◼ Gravity concentration with intensive cyanide leach
◼ Rougher flotation with concentrate regrind.
◼ Cleaner flotation.
◼ Flotation tailings screening, thickening, filtration, and deposition.
◼ Concentrate leaching with CIL precious metal adsorption.
◼ Precious metal desorption, electrowinning, and smelting.
◼ Concentrate leach residue cyanide destruction and deposition.
The crushing circuit is designed to reduce a ROM material from a feed size (F80) of 180 mm down to a product size (P80) of 108 mm. The grinding circuit design consists of a SAG and a ball mill in closed circuit with a cyclone to produce a product size (P80) of 600 um (0.6 milli meter) µm which will feed the coarse particle flotation (CPF). The CPF concentrate will feed the first regrind circuit, with a target P80 grind size of 200 um (0.2 milli meter), before feeding the rougher flotation circuit. A gravity circuit is designed for the plant to recover gravity recoverable metals from the process. Concentrate from the gravity units will feed the intensive leaching circuit which produces a high-grade pregnant solution for dedicated electrowinning. Tailings from the gravity units will flow back to the cyclone feed pump box, and residue from the intensive leach reactor will be sent to the second stage regrind area for additional liberation.
The rougher concentrated will feed the second stage regrind, with a target P80 grind size of 20 um (0.02 milli meter), prior to the two-stage cleaning flotation circuit. The final concentrate will report to the CIL circuit. Activated carbon is added to the circuit and moves counter-current to the slurry flow; while slurry progresses from the first tank to the last tank in series, carbon is transferred in the opposite direction. This arrangement maximizes contact time between the carbon and dissolved gold, maximizing adsorption onto carbon while minimizing gold losses in solution or adsorbed to preg-robbing material.
Loaded carbon recovered from the leaching circuit undergoes a multi-stage process to desorb the gold and regenerate the carbon for reuse. The cooled pregnant eluate is directed into a pregnant eluate tank, from which it circulates in a closed-loop system through electrowinning cells. This closed circuit minimizes solution loss and ensures efficient metal recovery.
After electrowinning, the gold sludge is collected and passed through a filter press, producing a semi-solid cake. The cake is fed into the barring furnace and mixed with fluxes to remove the impurities. The remaining molten gold is then poured into molds to produce doré bars.
CPF tailings will be screened and directed to the dry stacking tailings facility. Rougher and cleaner flotation tailings will be pumped to the fine tailings thickening and filtration systems prior to be sent to the dry stacking tailings facility. The CIL tailings will undergo the detoxification process and will be disposed as slurry in a lined facility
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SAG mill (Semi-Autogenous Grinding mill)
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SAG mill grinds large ores into smaller ones
Traditional horizontal SAG
https://bunny-wp-pullzone-oaxdht8z82.b-cdn.ne...ration.gif
Metso Superior MK-III 4265 primary gyratory crusher (breaks large ores into small ores)
https://www.youtube.com/watch?v=AVLicyiBLo8
The Metso Superior MKIII primary gyratory crusher is considered a significant innovation in mining, delivering up to 30% higher capacity and up to 70% less maintenance downtime than traditional crushers. It is marketed as the first high-speed primary gyratory crusher, featuring innovative digital automation, rotable shells for improved liner life, and superior capital efficiency. The gyratory crusher is a paradigm shift from the traditional ore crushing method.
How does a gyratory crusher work
https://www.youtube.com/watch?v=IYeOW7UCZAg&t=15s
Metso Superior MK-III 4265 primary gyratory crusher at work in mine site
https://www.youtube.com/watch?v=JIDMthAHtUc
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Cone Crusher
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Metso Nordberg HP900 cone crusher (breaks small ores into pebbles)
https://www.youtube.com/watch?v=PRLCfhPudG8
How does a cone crusher work
https://www.foremanequipment.com/cone-crushers/
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XRT gold ore sorting technology
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Small pebbles go through XRT gold ore sorting process. Low atomic density pebbles are waste rocks containing no gold and are ejected, high atomic density pebbles containing gold are sent to the ball mill. The ore sorting process results in high gold grade multiple times higher then the unsorted pebbles.
https://www.youtube.com/watch?v=5Bio8l240UY
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Ball mill
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Ball mill pulverizes the gold containing pebbles. This process is known as comminution or grinding, where hard rock is reduced to a fine powder as fine as flour to release the metal from quartz or mineralized rock
Metso 14MW ball mill as installed in Blackwater Mine's facility
https://youtu.be/4VmJ0vBRAG4
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Flotation machine
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Fine gold-rock particles are mixed with water and flotation chemicals, creating a slurry. Air is introduced into the slurry, causing gold particles and silver particles to attach to air bubbles and rise to the surface as a froth, which is then collected and processed for gold extraction. https://www.youtube.com/shorts/XNUwYz7sz_o
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Carbon-in-leach (CIL) circuit
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Gold particles are absorbed into the activated carbon in the leach then separated from the carbon to obtain metallic gold
https://www.youtube.com/watch?v=piVw6GBlZ3o
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Facilities
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- Sustainable Infrastructure: The project includes state-of-the-art "dry stack" tailings storage, which minimizes water consumption and environmental risks. Water in the tailings is removed resulting in a moist, soil-like material which is then stacked and compacted and eventually going back underground.
- Water Management System: Manages water balance with a water management pond, water treatment plant, and systems for capturing, treating, and discharging water from the open pit and surface runoff.
- Access and Roads: Existing local access roads will be upgraded and maintained to provide year-round access to the site.
- Workshops and Offices: On-site facilities for maintenance, administration, and other project-related functions.
- Ancillary Services: Includes warehousing and other necessary support for operations.
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From ore mining to gold bar production
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https://www.youtube.com/watch?v=uJELI56ZTE8
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Historical drill programs
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Spanish Mountain Gold has spent many years diligent work in drilling leading to accretive gold resources.
Exploration on the Spanish Mountain property started in 2003 when Skygold funded a soil geochemical and geophysical program. The 2003 work included establishing 30 kilometers of grid, collecting and analyzing 1479 soil samples, completing 23 kilometers of induced polarization survey and brushing out the extensive overgrown road system. This work was conducted by Mincord Exploration Consultants Ltd. The soil sampling revealed large areas of anomalous gold-in-soil, which were associated with anomalous arsenic and molybdenum values.
In 2004 an extensive exploration program funded by Skygold was conducted by Mincord, it involved excavator trenching, reverse circulation drilling and mapping. A total of 30 trenches were dug, to a total length of 2419 meters, the samples revealed gold mineralization in quartz veins.
In October and November of 2004, a reverse circulation drilling program was conducted on the property to follow up on the trench results, 34 holes were drilled for a total of 2503 meter with 55 intersections greater than 1 g/t gold as far as 1 kilometer from the CPW claim. The most important result from the drilling was the discovery of a northern extension to the LE Pit mineralization in holes 04SPRC-216, 221 and 229. Each of these holes returned long intersections of consistent 1-2 grams g/t gold in unaltered argillite and siltstones. This area is presently called the Central Main Zone. The 2004 drilling also discovered new zones of mineralization far from the previously known zones. Hole 04SPRC-210, collared 700 meters west of the LE Pit, returned 10.67 meters of 1.05 g/t gold, while 04SPRC-212, 300 meters further west, returned 4.56 meters of 1.16 g/t gold.
In 2005, Mincord conducted two programs of reverse circulation drilling on new targets away from the new known mineralization. The most significant discovery was in hole 05SPRC-250, which intersected 56.39 meters of 1.17 g/t gold, 320 meters north of the LE Pit. The second reverse circulation drill program of the year produced a result of 137.77 meters of 1.16 g/t gold from hole 05SPRC-310, which was located near Spanish Creek, 780 meters north of the LE Pit, in what is now referred to as the North Main Zone. In the autumn of 2005, the Don claims area south of Spanish Creek was mapped and sampled. Skygold Ventures carried out diamond drilling in the LE Pit area (now referred to as the Main Zone) and to the north, confirming the continuity of the mineralization there. 30 holes, totaling 7746.25 meters were drilled between July and November.
In 2006 and 2007, drilling intersected very high grade gold.
Hole 06-DDH-286: 125 g/t over 0.75 meters
Hole 07-DDH-588: 241 g/t over 1.50 meters
Also in 2006, 24 diamond drill holes were conducted on the North Main zone, located approximately 800 meters north of the Main zone.
Drilling in 2006 to 2008 intercepted numerous long intervals of high grade placer gold over an area of 0.72 square kilometers, approximately 1.2 kilometers by 0.6 kilometer in the Main zone.
The term "high grade" is relative to the deposit style. The Spanish Mountain project is primarily a large-scale, open-pit, bulk-tonnage project, where the average grades are generally lower compared to narrow-vein underground mines. In this context, grades approaching or exceeding 1 g/t over significant widths are considered "higher-grade" and economically significant for the project's development, especially for the early years of the mine life. The company is also investigating ore sorting technology to potentially increase the processed grade and enhance project economics.
Hole 06-DDH-504 0.57 g/t over 227.50 meters
Hole 06-DDH-506: 0.56 g/t gold over 86.00 meters
Hole 06-DDH-512: 0.65 g/t gold over69.08 meters
Hole 06-DDH-509 0.86 g/t over 86.60 meters
Hole 06-DDH-522: 1.02 g/t over 36.00 meters
Hole 06-DDH-524: 0.75 g/t gold over40.43 meters
Hole 06-DDH-529: 1.54 g/t gold over 2.00 meters
Hole 06-DDH-535: 0.72 g/t gold over 72.22 meters
Hole 07-DDH-634: 2.76 g/t gold over 22.05 meters
Hole 07-DDH-635: 4.13 g/t gold over10.5 meters
Hole 07-DDH-637: 1.24 g/t gold over 50.0 meters
Hole 07-DDH-640: 1.32 g/t over 6.5 meters and 1.06 g/t over 13.5 meters
Hole 07-DDH-642: 1.04 g/t over 18.0 meters
Hole 07-DDH-644: 1.12 g/t over 84.5 meters
Hole 08-DDH-706: 1.16 g/t gold over 25.0 meter
Hole 08-DDH-714: 37.6 g/t gold over 1.0 meter and 1.13 g/t over 10.5 meters
Hole 08-DDH-722: 2.04 g/t gold over 47.5 meter
Hole 08-DDH-741: 1.02 g/t gold over 21.0 meter
Hole 08-DDH-744: 1.71 g/t gold over 14.5 meter
Hole 08-DDH-749: 6.26 g/t gold over 6.0 meter
Hole 08-DDH-766: 1.06 g/t gold over 5 meter
Hole 08-DDH-778: 1.82 g/t gold over 15.0 meter
Hole 08-DDH-816 (Main Zone): 31.3 g/t gold over 2.0 meters
Hole 08-DDH-823 (Main Zone): 2.94 g/t gold over 16.0 meters, including 0.75 meters of 48.46 g/t
Hole 08-DDH-836 (Main Zone): 20.0 g/t over 2.0 meters
Hole ROG-014: 5.64 g/t over 6.0 meters
Hole ROG-015: 5.72 g/t over 9.5 meters, including 25.7 g/t gold over 1.5 meter
From 2005 to 2008 a total of 323 diamond-drill holes, totaling 74,797 meters was completed.
March 2009 mineral resource estimate:
Measured + Indicated: 102.3 million tonnes 0.785 g/t gold
Inferred: 11.65 million tonnes 0.787 g/t gold
both based on a 0.50 g/t gold cut-off grade
(Press Release Stockwatch March 18, 2009).
Later in 2009, Spanish Mountain Gold completed a program of geological mapping, rock sampling and diamond drilling with 33 drill holes, totaling 4671 meters, being completed on the Main zone and 21 drill holes, totaling 6849 meters, on other exploration targets including the North Main, ROG (MINIFLE 093A 327), Cedar Creek, Black Bear Mountain and Placer zones. The drilling intersected new areas of mineralization on the property, including northwest of the North Main zone resource, where mineralized intersections 63.0 meters of 0.75 g/t gold. Anomalous gold values were also intersected in drill holes to the southeast and north of the North Main zone and in the Placer zone area, immediately west of the Main Zone (AGP Mining Consultants Inc. (2010-12-20): NI 43-101 Technical Report Preliminary Economic Assessment for the Spanish Mountain Project).
During 2010 and 2011, Spanish Mountain Gold completed further programs diamond drilling, soil sampling and an airborne geophysical survey on the Spanish Mountain property with a total of 51 drill holes, totaling 15,703 meters. In 2011, drilling to test mineralization at depth on the Main zone intercepted:
1.32 g/t gold over 9.0 meters at a depth of 489.0 meters
(Giroux, G.H., Koffyberg, A. (2014-04-25): Technical Report on an Updated Mineral Resource Estimate on the Spanish Mountain Gold Deposit).
In 2012, Spanish Mountain Gold completed 144 drill holes, totaling 24,290 meters, on the Main and North Main zones. Several holes from an ongoing infill drilling program returned gold values around 1 g/t including
Hole 12-DH-1042: 7.58 g/t gold over 3 meters
(V STOCKWATCH, May 1, 2012).
In 2013, a further 56 reverse circulation drill holes, totaling 9,226 meters, were completed on the Main zone.
2014 mineral resource estimate:
Measured + Indicated: 237.83 million tonnes grading 0.46 g/t gold, 0.69 g/t silver
Inferred: 310.97 million tonnes grading 0.35 g/t gold, 0.63 g/t silver
using a cut-off grade of 0.20 g/t gold
(Giroux, G.H., Koffyberg, A. (2014-04-25): Technical Report on an Updated Mineral Resource Estimate on the Spanish Mountain Gold Deposit).
October 2016 mineral resource estimate:
Measured + Indicated: 270.14 million tonnes 0.40 g/t gold, 0.67 g/t silver
Inferred: 181.352 million tonne 0.31 g/t gold, 0.65 g/t silver
using a 0.15 g/t gold cut-off
(Schulte, M. (2019-02-11): NI 43-101 Preliminary Economic Assessment for the Spanish Mountain Gold Property).
In 2018, Spanish Mountain Gold completed 6 diamond drill holes, totaling 1061 meters, and 11 reverse-circulation drill holes, totaling 1091 meters, on the Main and Phoenix zones.
October 2019 mineral resource estimate:
Measured + Indicated: 273.2 million tonnes 0.47 g/t gold, 0.71 g/t silver
Inferred: 52.4 million tonnes 0.37 g/t gold, 0.67 g/t silver
using a 0.15 g/t gold cut-off grade
(Shulte, M., Gilmour, W. [2019-12-02]: Spanish Mountain Gold NI 43-101 Technical Report based on 2019 Preliminary Economic Assessment).
In 2020, Spanish Mountain Gold completed 28 reverse-circulation drill holes, totaling 4490 meters, on the Main and North zones of the Spanish Mountain Gold property. 6 diamond drill holes totaling 527 meters were also completed in the area of the proposed tailings storage facility to the southeast of the property.
March 2021 mineral reserve estimate:
Proven + Probable: 95.9 million tonnes grading 0.76 g/t gold, 0.71 g/t silver
using a 0.30 g/t gold cut-off grade
(Moose Mountain Technical Services [2021-05-31]: Spanish Mountain Gold Project Prefeasibility Study NI 43-101 Technical Report).
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Economic impact of Spanish Mountain Gold's open pit mining
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Job Creation: The project is expected to create significant direct and indirect employment opportunities, benefiting local communities such as Likely and Williams Lake. According to Spanish Mountain Gold's Q&A, the mine construction phase is expected to create approximately 250 direct construction jobs and approximately 300 full-time positions during the operation phase. It will also significantly create employment indirectly in other supply chains supporting the mining, production and sales development including the financial and banking industries.
Business Development: The project will support local businesses and contractors through various procurement opportunities for goods and services.
Tax Revenue: The economic activity from the mine is expected to generate significant tax revenue for provincial and federal governments.
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Living in harmony with the environment and the community
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Adventure and points of interest around Spanish Mountain Gold
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Barkerville, the legend of a once booming mining town in the Cariboo region, BC, located 50 Km north of Spanish Mountain Gold, started the world famous Cariboo gold rush.
https://www.google.ca/maps/dir/Barkerville,+B...FQAw%3D%3D
Video duration: 5 minutes
https://www.youtube.com/watch?v=XGfM7Ya1ulQ
Other points of interest around Spanish Mountain Gold:
Town of LIKELY: 6 km north
Helmcken Fall in Wells Gray Provincial park: 60 Km east
Mount Robson: 100 Km east
https://www.google.ca/maps/place/Spanish+Moun...FQAw%3D%3D
https://likely-bc.ca/
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Spanish Mountain Gold - Governance
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Corporate Philosophy
The phrase "Relentless Pursuit of Better Gold" is the corporate philosophy of Spanish Mountain Gold. It outlines the company's commitment to building one of the "greenest" gold mines in Canada by integrating innovation, sustainability, and community relations. It represents three key operational concepts:
- Sustainable Mining: It drives the use of state-of-the-art environmental solutions. This includes using clean, renewable hydroelectricity, running low-emissions drill programs with alternative fuels, and managing dry stack tailings to protect local waterways.
- Technological Innovation: The company utilizes advanced processing methods (like ore sorting) to reject waste, enhance mill feed grades, and maximize the efficiency of extracting gold.
- Community Value: It emphasizes creating meaningful, sustainable economic benefits for neighboring communities and Indigenous groups by establishing collaborative, long-standing relationships.
Spanish Mountain Gold Corp website
https://spanishmountaingold.com/
Corporate Presentation
https://spanishmountaingold.com/investors/presentations/
News Release
https://spanishmountaingold.com/news/2026/
Financial Reports
https://spanishmountaingold.com/investors/fin...y-filings/
Management
https://spanishmountaingold.com/corporate/management/
Board of Directors
https://spanishmountaingold.com/corporate/boa...directors/
Fiscal Year End on December 31
Financial Report Frequency - Quarterly: Released at end of May, August, November. Annually: Released at end of April
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Media coverage
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Government extending support for mineral exploration in Canada
https://www.canada.ca/en/department-finance/n...anada.html
Atrium Research updates on Spanish Mountain Gold with share price target
https://www.atriumresearch.ca/spa
Spanish Mountain Gold at X.com
https://x.com/search?q=spanish%20mountain%20g...yped_query
Spanish Mountain Gold at LinkedIn.com
https://ca.linkedin.com/company/spanish-mountain-gold-ltd-
Discovery, ore sorting lift Spanish Mountain Gold
https://www.canadianminingjournal.com/news/jv...-mountain/
Jason Dunning, Senior Technical Advisor at Spanish Mountain Gold, recently joined #RCTV to discuss the latest high-grade drilling results at the Cariboo Project in B.C. He shared insights on the potential for resource growth, upcoming MRE updates, plans for a saleable gold concentrate, and key PFS/FS milestones.
https://youtu.be/nwezpTMUANQ
June 5, 2025 Peter Mah presented Spanish Mountain Gold at The Event, Quebec City
https://www.youtube.com/watch?v=9MDABJPTEFU
Spanish Mountain Gold - from the perspective of a professional geologist
https://www.youtube.com/watch?v=t5cAJjGztZs
January 26, 2026 CFO Mark Ruus presents Spanish Mountain Gold at VRIC (Duration: 13 minutes)
https://www.youtube.com/watch?v=YzmLGz1Xhhg
February 2026 EO Peter Mah of Spanish Mountain Gold Ltd. presents at Metals Investor Forum in Toronto (10 minutes)
https://www.youtube.com/watch?v=I2XVcbte6tU
February 2026 Senior Technical Advisor Jason Dunning & Peter Mah of Spanish Mountain Gold talks to John Kaiser at the Metals Investor Forum (20 minutes)
https://www.youtube.com/watch?v=BgDAvF5cv9w
May 8,9 2026 CEO Peter Mah presented Spanish Mountain Gold at MIF
https://www.youtube.com/watch?v=Apf5a6-O1A8
May 8,9 2026 CEO Peter Mah talks to Mining Analyst John Kaiser at MIF
https://www.youtube.com/watch?v=5hsLhhO2TVk
June 2-4 2026 CFO Mark Ruus presents Spanish Mountain Gold at the Mining Investment Event in Quebec City
https://www.youtube.com/watch?v=6QBjzRlOJKk
June 23, 2026 - Metals 100 interviews Peter Mah of Spanish Mountain Gold
https://www.youtube.com/watch?v=8Hfsj6Glx6E
June 26, 2026 Spanish Mountain Gold GCFF Virtual 2026 Precious Metals Conference, sponsored by NAI500
https://www.youtube.com/watch?v=wP4vRwvw5ak
September 25, 2026 CFO Mark Ruus presents Spanish Mountain Gold at the Beaver Creek Precious Metals Summit
https://www.gowebcasting.com/events/precious-...ream/42673
Resouce HeatMap TV news on Spanish Mountain Gold
https://youtu.be/vWy4r513yc8
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History of Spanish Mountain Gold
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Skygold was incorporated in the TSX Venture Exchange in 1996.
Spanish Mountain Gold was born on December 5, 2007 from the marriage between Skygold and Wildrose Resources.
Spanish Mountain Gold Ltd. is an exploration and development stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company's stock is listed in three stock exchanges: TSX Venture Stock Exchange under the symbol SPA.V, OTCQB Stock Exchange under the symbol SPAUF, Frankfurt Stock Exchange in Germany under the symbol S3Y. There has been no share consolidation since the company's inception.
The company's primary asset includes the 100% owned Spanish Mountain gold project that comprises approximately 53 contiguous mineral claims and 15 placer claims covering an area of approximately 13,598 hectares (135 square kilometers) located in the Cariboo region of central British Columbia. The head office is located in Vancouver.
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Project location
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The Spanish Mountain gold project is located about 70 kilometers northeast of the city of Williams Lake and 6 kilometers southeast of the village of Likely, in the Cariboo region of central British Columbia. It has all weather road access throughout the entire year, power to the property and close to a substation for power upgrade during production. The Cariboo Region is located to the southeast of the prolific Golden Triangle of British Columbia, the region was a hot spot during the Gold Rush of 1800's and has produced in excess of 3.8 million ounces of gold, the region is still a hot spot for increasing number of emerging gold producers and base metal producers.
Mineral potentials in the Cariboo region, BC
https://www.investcom.com/moneyshow/gold_cariboo.htm
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Other mines in the Cariboo Region of BC
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Blackwater Mine - Owned by Artemis Gold, located 250 kilometers northwest of Spanish Mountain Gold.
https://www.google.ca/maps/place/Blackwater+M...FQAw%3D%3D
It is an open pit gold and silver mine with mine life of 22 year and with mill throughput of 16,000 tpd, expandable to 33,000 tpd in year 6 and 55,000 tpd in year 11. It has Reserves of 8 million ounces of gold, 60 million ounces of silver and Resources of 11.7 million ounce of gold, 122.4 million ounces of silver. Commercial production began on May 2, 2025
ARTG.V weekly
https://stockcharts.com/sc3/ui/?s=ARTG.V&...8838982129
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Gibraltar Mines - Owned by Taseko Mines, located 50 kilometers west of Spanish Mountain Gold
https://www.google.ca/maps/place/Gibraltar+Mi...FQAw%3D%3D
The Gibraltar Mine is the second-largest open-pit copper-molybdenum mine in Canada, owned and operated by Taseko Mines. Its primary resource is low-grade porphyry copper-molybdenum deposit containing minerals chalcopyrite, molybdenite, bornite, and cuprite. As of December 31, 2024, the mine has 616 million tons of 0.26% copper and 0.008% molybdenum. ( https://www.youtube.com/watch?v=yJmanh1uQMQ )
TKO.TO weekly
https://stockcharts.com/sc3/ui/?s=TKO.TO&...5512188236
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Cariboo Gold Project - Owned by Osisko Development, located 30 kilometers northwest of Spanish Mountain Gold
https://investorshangout.com/images/MYImages/...opment.png
April 2025 feasibility study indicates a probable reserves of 16.7 million tonnes of 3.78 g/t gold containing 2.031 million ounces of gold. The company has secured US$450 million loan from Appian Capital Advisory to advance the development.
ODV.V weekly
https://stockcharts.com/sc3/ui/?s=ODV.V&p...1772820564
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Mount Polley Mine - Spanish Mountain Gold's nearest neighbor, owned by Imperial Metals, located 10 kilometers west of Spanish Mountain Gold
https://www.google.ca/maps/place/Mount+Polley...FQAw%3D%3D
2025 production targets are set for 25 to 27 million pounds of copper and 35,000 to 40,000 ounces of gold.
III.TO weekly
https://stockcharts.com/sc3/ui/?s=III.TO&...6963939447
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Aerial view of drill core storage facility
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Project boundary and claim titles
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Spanish Mountain Gold - Current claim titles (from NI 43-101 Technical Report, November 2026)
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2028 mine building decision
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Spanish Mountain Gold is planning to build a gold production infrastructure in 2028 covering an open pit mine, a 75 kilometer long, 230 kilovolt, 60 Mega Watts power line, gold extraction facilities, waste and tailings facilities, water treatment plant, workshops, offices and ancillary support services. Equipment will be supplied by Metso Canada, the project will take about 22 months to complete with gold production to commence in early 2030.
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Green Energy Initiatives
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Spanish Mountain Gold is collaborating with BC Hydro to potentially lower capital and operating costs, carbon intensity, and greenhouse gas emissions. The company is in stage 3 System Impact Study with BC Hydro for a proposed 75 kilometer, 230 kilovolt transmission line providing 60 mega-watts of power to the Spanish Mountain Gold project.
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Spanish Mountain Gold aims to build a "green gold mine" by utilizing renewable energy. The project, located near the town of Likely, British Columbia, plans to leverage direct access to clean hydroelectric power from BC Hydro to power its mining fleet. The 60 Mega Watt power supply is intended to enable the complete electrification of the mining fleet, including electric drills and trucks, reducing reliance on fossil fuels. By utilizing renewable hydro electricity, the project aims to significantly reduce its carbon intensity and greenhouse gas emissions, positioning it as one of the "greenest" gold mines in Canada.
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Spanish Mountain Gold Mine's power is sourced from British Columbia's Peace River hydroelectric dam
https://www.google.ca/maps/search/Peace+River...FQAw%3D%3D
The Peace River hydroelectric dam is composed of three hydroelectric facilities:
- W.A.C. Bennett Dam (G.M. Shrum Generating Station)
- Peace Canyon Dam
- John Horgan Dam (Site C)
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W.A.C. Bennett Dam has a capacity of 2,790 Mega Watt, producing 13,000 Gigawatt-Hours of electricity annually.
Peace Canyon Dam has a capacity of 700 Mega Watt, producing over 3,500 Gigawatt-Hours of electricity annually.
John Horgan Dam (Site C) has a capacity of 1,230 Mega Watt, producing 5,100 Gigawatt-Hours of electricity annually.
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Video - Peace River hydroelectric dam in British Colombia
https://www.youtube.com/watch?v=00_MYoUDoEo
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Open pit mine
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In the coming 2030 Cariboo gold rush, Spanish Mountain Gold Mine will be the third biggest mining project in the Cariboo region after Artemis Gold's Blackwater Mine and Osisko Development's Golden Cariboo Project.
Spanish Mountain Gold re-ignites the Cariboo Gold Rush of 1861
Google map of Spanish Mountain Gold area
https://www.google.ca/maps/place/Cedar+Creek+...FQAw%3D%3D
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From NI 43-101 Technical Report, November 2026. The process design consists of the following major components:
◼ Primary crushing ROM mineralized material.
◼ SAG and Ball mill grinding with cyclone classification.
◼ Coarse particle flotation with concentrate regrind.
◼ Gravity concentration with intensive cyanide leach
◼ Rougher flotation with concentrate regrind.
◼ Cleaner flotation.
◼ Flotation tailings screening, thickening, filtration, and deposition.
◼ Concentrate leaching with CIL precious metal adsorption.
◼ Precious metal desorption, electrowinning, and smelting.
◼ Concentrate leach residue cyanide destruction and deposition.
The crushing circuit is designed to reduce a ROM material from a feed size (F80) of 180 mm down to a product size (P80) of 108 mm. The grinding circuit design consists of a SAG and a ball mill in closed circuit with a cyclone to produce a product size (P80) of 600 um (0.6 milli meter) µm which will feed the coarse particle flotation (CPF). The CPF concentrate will feed the first regrind circuit, with a target P80 grind size of 200 um (0.2 milli meter), before feeding the rougher flotation circuit. A gravity circuit is designed for the plant to recover gravity recoverable metals from the process. Concentrate from the gravity units will feed the intensive leaching circuit which produces a high-grade pregnant solution for dedicated electrowinning. Tailings from the gravity units will flow back to the cyclone feed pump box, and residue from the intensive leach reactor will be sent to the second stage regrind area for additional liberation.
The rougher concentrated will feed the second stage regrind, with a target P80 grind size of 20 um (0.02 milli meter), prior to the two-stage cleaning flotation circuit. The final concentrate will report to the CIL circuit. Activated carbon is added to the circuit and moves counter-current to the slurry flow; while slurry progresses from the first tank to the last tank in series, carbon is transferred in the opposite direction. This arrangement maximizes contact time between the carbon and dissolved gold, maximizing adsorption onto carbon while minimizing gold losses in solution or adsorbed to preg-robbing material.
Loaded carbon recovered from the leaching circuit undergoes a multi-stage process to desorb the gold and regenerate the carbon for reuse. The cooled pregnant eluate is directed into a pregnant eluate tank, from which it circulates in a closed-loop system through electrowinning cells. This closed circuit minimizes solution loss and ensures efficient metal recovery.
After electrowinning, the gold sludge is collected and passed through a filter press, producing a semi-solid cake. The cake is fed into the barring furnace and mixed with fluxes to remove the impurities. The remaining molten gold is then poured into molds to produce doré bars.
CPF tailings will be screened and directed to the dry stacking tailings facility. Rougher and cleaner flotation tailings will be pumped to the fine tailings thickening and filtration systems prior to be sent to the dry stacking tailings facility. The CIL tailings will undergo the detoxification process and will be disposed as slurry in a lined facility
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SAG mill (Semi-Autogenous Grinding mill)
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SAG mill grinds large ores into smaller ones
Traditional horizontal SAG
https://bunny-wp-pullzone-oaxdht8z82.b-cdn.ne...ration.gif
Metso Superior MK-III 4265 primary gyratory crusher (breaks large ores into small ores)
https://www.youtube.com/watch?v=AVLicyiBLo8
The Metso Superior MKIII primary gyratory crusher is considered a significant innovation in mining, delivering up to 30% higher capacity and up to 70% less maintenance downtime than traditional crushers. It is marketed as the first high-speed primary gyratory crusher, featuring innovative digital automation, rotable shells for improved liner life, and superior capital efficiency. The gyratory crusher is a paradigm shift from the traditional ore crushing method.
How does a gyratory crusher work
https://www.youtube.com/watch?v=IYeOW7UCZAg&t=15s
Metso Superior MK-III 4265 primary gyratory crusher at work in mine site
https://www.youtube.com/watch?v=JIDMthAHtUc
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Cone Crusher
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Metso Nordberg HP900 cone crusher (breaks small ores into pebbles)
https://www.youtube.com/watch?v=PRLCfhPudG8
How does a cone crusher work
https://www.foremanequipment.com/cone-crushers/
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XRT gold ore sorting technology
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Small pebbles go through XRT gold ore sorting process. Low atomic density pebbles are waste rocks containing no gold and are ejected, high atomic density pebbles containing gold are sent to the ball mill. The ore sorting process results in high gold grade multiple times higher then the unsorted pebbles.
https://www.youtube.com/watch?v=5Bio8l240UY
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Ball mill
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Ball mill pulverizes the gold containing pebbles. This process is known as comminution or grinding, where hard rock is reduced to a fine powder as fine as flour to release the metal from quartz or mineralized rock
Metso 14MW ball mill as installed in Blackwater Mine's facility
https://youtu.be/4VmJ0vBRAG4
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Flotation machine
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Fine gold-rock particles are mixed with water and flotation chemicals, creating a slurry. Air is introduced into the slurry, causing gold particles and silver particles to attach to air bubbles and rise to the surface as a froth, which is then collected and processed for gold extraction. https://www.youtube.com/shorts/XNUwYz7sz_o
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Carbon-in-leach (CIL) circuit
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Gold particles are absorbed into the activated carbon in the leach then separated from the carbon to obtain metallic gold
https://www.youtube.com/watch?v=piVw6GBlZ3o
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Facilities
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- Sustainable Infrastructure: The project includes state-of-the-art "dry stack" tailings storage, which minimizes water consumption and environmental risks. Water in the tailings is removed resulting in a moist, soil-like material which is then stacked and compacted and eventually going back underground.
- Water Management System: Manages water balance with a water management pond, water treatment plant, and systems for capturing, treating, and discharging water from the open pit and surface runoff.
- Access and Roads: Existing local access roads will be upgraded and maintained to provide year-round access to the site.
- Workshops and Offices: On-site facilities for maintenance, administration, and other project-related functions.
- Ancillary Services: Includes warehousing and other necessary support for operations.
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From ore mining to gold bar production
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https://www.youtube.com/watch?v=uJELI56ZTE8
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Historical drill programs
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Spanish Mountain Gold has spent many years diligent work in drilling leading to accretive gold resources.
Exploration on the Spanish Mountain property started in 2003 when Skygold funded a soil geochemical and geophysical program. The 2003 work included establishing 30 kilometers of grid, collecting and analyzing 1479 soil samples, completing 23 kilometers of induced polarization survey and brushing out the extensive overgrown road system. This work was conducted by Mincord Exploration Consultants Ltd. The soil sampling revealed large areas of anomalous gold-in-soil, which were associated with anomalous arsenic and molybdenum values.
In 2004 an extensive exploration program funded by Skygold was conducted by Mincord, it involved excavator trenching, reverse circulation drilling and mapping. A total of 30 trenches were dug, to a total length of 2419 meters, the samples revealed gold mineralization in quartz veins.
In October and November of 2004, a reverse circulation drilling program was conducted on the property to follow up on the trench results, 34 holes were drilled for a total of 2503 meter with 55 intersections greater than 1 g/t gold as far as 1 kilometer from the CPW claim. The most important result from the drilling was the discovery of a northern extension to the LE Pit mineralization in holes 04SPRC-216, 221 and 229. Each of these holes returned long intersections of consistent 1-2 grams g/t gold in unaltered argillite and siltstones. This area is presently called the Central Main Zone. The 2004 drilling also discovered new zones of mineralization far from the previously known zones. Hole 04SPRC-210, collared 700 meters west of the LE Pit, returned 10.67 meters of 1.05 g/t gold, while 04SPRC-212, 300 meters further west, returned 4.56 meters of 1.16 g/t gold.
In 2005, Mincord conducted two programs of reverse circulation drilling on new targets away from the new known mineralization. The most significant discovery was in hole 05SPRC-250, which intersected 56.39 meters of 1.17 g/t gold, 320 meters north of the LE Pit. The second reverse circulation drill program of the year produced a result of 137.77 meters of 1.16 g/t gold from hole 05SPRC-310, which was located near Spanish Creek, 780 meters north of the LE Pit, in what is now referred to as the North Main Zone. In the autumn of 2005, the Don claims area south of Spanish Creek was mapped and sampled. Skygold Ventures carried out diamond drilling in the LE Pit area (now referred to as the Main Zone) and to the north, confirming the continuity of the mineralization there. 30 holes, totaling 7746.25 meters were drilled between July and November.
In 2006 and 2007, drilling intersected very high grade gold.
Hole 06-DDH-286: 125 g/t over 0.75 meters
Hole 07-DDH-588: 241 g/t over 1.50 meters
Also in 2006, 24 diamond drill holes were conducted on the North Main zone, located approximately 800 meters north of the Main zone.
Drilling in 2006 to 2008 intercepted numerous long intervals of high grade placer gold over an area of 0.72 square kilometers, approximately 1.2 kilometers by 0.6 kilometer in the Main zone.
The term "high grade" is relative to the deposit style. The Spanish Mountain project is primarily a large-scale, open-pit, bulk-tonnage project, where the average grades are generally lower compared to narrow-vein underground mines. In this context, grades approaching or exceeding 1 g/t over significant widths are considered "higher-grade" and economically significant for the project's development, especially for the early years of the mine life. The company is also investigating ore sorting technology to potentially increase the processed grade and enhance project economics.
Hole 06-DDH-504 0.57 g/t over 227.50 meters
Hole 06-DDH-506: 0.56 g/t gold over 86.00 meters
Hole 06-DDH-512: 0.65 g/t gold over69.08 meters
Hole 06-DDH-509 0.86 g/t over 86.60 meters
Hole 06-DDH-522: 1.02 g/t over 36.00 meters
Hole 06-DDH-524: 0.75 g/t gold over40.43 meters
Hole 06-DDH-529: 1.54 g/t gold over 2.00 meters
Hole 06-DDH-535: 0.72 g/t gold over 72.22 meters
Hole 07-DDH-634: 2.76 g/t gold over 22.05 meters
Hole 07-DDH-635: 4.13 g/t gold over10.5 meters
Hole 07-DDH-637: 1.24 g/t gold over 50.0 meters
Hole 07-DDH-640: 1.32 g/t over 6.5 meters and 1.06 g/t over 13.5 meters
Hole 07-DDH-642: 1.04 g/t over 18.0 meters
Hole 07-DDH-644: 1.12 g/t over 84.5 meters
Hole 08-DDH-706: 1.16 g/t gold over 25.0 meter
Hole 08-DDH-714: 37.6 g/t gold over 1.0 meter and 1.13 g/t over 10.5 meters
Hole 08-DDH-722: 2.04 g/t gold over 47.5 meter
Hole 08-DDH-741: 1.02 g/t gold over 21.0 meter
Hole 08-DDH-744: 1.71 g/t gold over 14.5 meter
Hole 08-DDH-749: 6.26 g/t gold over 6.0 meter
Hole 08-DDH-766: 1.06 g/t gold over 5 meter
Hole 08-DDH-778: 1.82 g/t gold over 15.0 meter
Hole 08-DDH-816 (Main Zone): 31.3 g/t gold over 2.0 meters
Hole 08-DDH-823 (Main Zone): 2.94 g/t gold over 16.0 meters, including 0.75 meters of 48.46 g/t
Hole 08-DDH-836 (Main Zone): 20.0 g/t over 2.0 meters
Hole ROG-014: 5.64 g/t over 6.0 meters
Hole ROG-015: 5.72 g/t over 9.5 meters, including 25.7 g/t gold over 1.5 meter
From 2005 to 2008 a total of 323 diamond-drill holes, totaling 74,797 meters was completed.
March 2009 mineral resource estimate:
Measured + Indicated: 102.3 million tonnes 0.785 g/t gold
Inferred: 11.65 million tonnes 0.787 g/t gold
both based on a 0.50 g/t gold cut-off grade
(Press Release Stockwatch March 18, 2009).
Later in 2009, Spanish Mountain Gold completed a program of geological mapping, rock sampling and diamond drilling with 33 drill holes, totaling 4671 meters, being completed on the Main zone and 21 drill holes, totaling 6849 meters, on other exploration targets including the North Main, ROG (MINIFLE 093A 327), Cedar Creek, Black Bear Mountain and Placer zones. The drilling intersected new areas of mineralization on the property, including northwest of the North Main zone resource, where mineralized intersections 63.0 meters of 0.75 g/t gold. Anomalous gold values were also intersected in drill holes to the southeast and north of the North Main zone and in the Placer zone area, immediately west of the Main Zone (AGP Mining Consultants Inc. (2010-12-20): NI 43-101 Technical Report Preliminary Economic Assessment for the Spanish Mountain Project).
During 2010 and 2011, Spanish Mountain Gold completed further programs diamond drilling, soil sampling and an airborne geophysical survey on the Spanish Mountain property with a total of 51 drill holes, totaling 15,703 meters. In 2011, drilling to test mineralization at depth on the Main zone intercepted:
1.32 g/t gold over 9.0 meters at a depth of 489.0 meters
(Giroux, G.H., Koffyberg, A. (2014-04-25): Technical Report on an Updated Mineral Resource Estimate on the Spanish Mountain Gold Deposit).
In 2012, Spanish Mountain Gold completed 144 drill holes, totaling 24,290 meters, on the Main and North Main zones. Several holes from an ongoing infill drilling program returned gold values around 1 g/t including
Hole 12-DH-1042: 7.58 g/t gold over 3 meters
(V STOCKWATCH, May 1, 2012).
In 2013, a further 56 reverse circulation drill holes, totaling 9,226 meters, were completed on the Main zone.
2014 mineral resource estimate:
Measured + Indicated: 237.83 million tonnes grading 0.46 g/t gold, 0.69 g/t silver
Inferred: 310.97 million tonnes grading 0.35 g/t gold, 0.63 g/t silver
using a cut-off grade of 0.20 g/t gold
(Giroux, G.H., Koffyberg, A. (2014-04-25): Technical Report on an Updated Mineral Resource Estimate on the Spanish Mountain Gold Deposit).
October 2016 mineral resource estimate:
Measured + Indicated: 270.14 million tonnes 0.40 g/t gold, 0.67 g/t silver
Inferred: 181.352 million tonne 0.31 g/t gold, 0.65 g/t silver
using a 0.15 g/t gold cut-off
(Schulte, M. (2019-02-11): NI 43-101 Preliminary Economic Assessment for the Spanish Mountain Gold Property).
In 2018, Spanish Mountain Gold completed 6 diamond drill holes, totaling 1061 meters, and 11 reverse-circulation drill holes, totaling 1091 meters, on the Main and Phoenix zones.
October 2019 mineral resource estimate:
Measured + Indicated: 273.2 million tonnes 0.47 g/t gold, 0.71 g/t silver
Inferred: 52.4 million tonnes 0.37 g/t gold, 0.67 g/t silver
using a 0.15 g/t gold cut-off grade
(Shulte, M., Gilmour, W. [2019-12-02]: Spanish Mountain Gold NI 43-101 Technical Report based on 2019 Preliminary Economic Assessment).
In 2020, Spanish Mountain Gold completed 28 reverse-circulation drill holes, totaling 4490 meters, on the Main and North zones of the Spanish Mountain Gold property. 6 diamond drill holes totaling 527 meters were also completed in the area of the proposed tailings storage facility to the southeast of the property.
March 2021 mineral reserve estimate:
Proven + Probable: 95.9 million tonnes grading 0.76 g/t gold, 0.71 g/t silver
using a 0.30 g/t gold cut-off grade
(Moose Mountain Technical Services [2021-05-31]: Spanish Mountain Gold Project Prefeasibility Study NI 43-101 Technical Report).
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Economic impact of Spanish Mountain Gold's open pit mining
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Job Creation: The project is expected to create significant direct and indirect employment opportunities, benefiting local communities such as Likely and Williams Lake. According to Spanish Mountain Gold's Q&A, the mine construction phase is expected to create approximately 250 direct construction jobs and approximately 300 full-time positions during the operation phase. It will also significantly create employment indirectly in other supply chains supporting the mining, production and sales development including the financial and banking industries.
Business Development: The project will support local businesses and contractors through various procurement opportunities for goods and services.
Tax Revenue: The economic activity from the mine is expected to generate significant tax revenue for provincial and federal governments.
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Living in harmony with the environment and the community
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Adventure and points of interest around Spanish Mountain Gold
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Barkerville, the legend of a once booming mining town in the Cariboo region, BC, located 50 Km north of Spanish Mountain Gold, started the world famous Cariboo gold rush.
https://www.google.ca/maps/dir/Barkerville,+B...FQAw%3D%3D
Video duration: 5 minutes
https://www.youtube.com/watch?v=XGfM7Ya1ulQ
Other points of interest around Spanish Mountain Gold:
Town of LIKELY: 6 km north
Helmcken Fall in Wells Gray Provincial park: 60 Km east
Mount Robson: 100 Km east
https://www.google.ca/maps/place/Spanish+Moun...FQAw%3D%3D
https://likely-bc.ca/
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