reports
- Ben Pirie
SPA: Major Gold Project in BC; Accelerating to Production
What you need to know: • Spanish Mountain is the 100% owner of the Spanish Mountain Gold Project, which hosts a 4.2Moz resource (M&I) and recently published a robust PEA outlining a 24.5-year mine life. • With a base case NPV5% of $1.0B and 98% of mine tonnage in the M&I category, the project is rapidly advancing toward a construction decision. • Management and directors own 18%, aligning interests with investors, while Eric Sprott and Ian Watson own 11% and 6%, respectively. • SPA trades at ...
Spanish Mountain Gold Reports Assay Results from Resource Expansion Pr...
Vancouver, British Columbia--(Newsfile Corp. - July 6, 2021) - Spanish Mountain Gold Ltd. (TSXV: SPA) (the "Company") is pleased to announce the assay results from the latest resource expansion program for the Spanish Mountain Gold Project (the "Project") located in British Columbia, Canada.In addition to the objective of advancing the Project's multi-million ounce Mineral Reserve, which was delineated in a Pre-Feasibility Study filed in June 2021, the Company has an ongoing campaign for resource expansion. The latest drill program, comprised of 28 holes over 4,485 metres (m), tested four bro...
Spanish Mountain Announces Chairman of the Board
Vancouver, British Columbia--(Newsfile Corp. - July 1, 2021) - Spanish Mountain Gold Ltd. (TSXV: SPA) (the "Company") is pleased to announce that W. Terry MacLean has been appointed Chairman of the Board of Directors effective July 1, 2021, following the previously announced retirement of Morris Beattie. Mr. MacLean was appointed on a unanimous decision of the Board.Mr. MacLean, a graduate UBC engineer (Mining and Mineral Processing), has been an involved and committed member of the Spanish Mountain Board since June 2019. He is Chairman of the Technical Review Panel and has been appointed to...
Spanish Mountain Announces the Retirement of Morris Beattie, Director ...
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2021) - Spanish Mountain Gold Ltd. (TSXV: SPA) (the "Company") has accepted a letter of resignation and retirement from Morris Beattie, a Director, Chairman of the Board and a significant technical advisor to the company. His resignation will be effective June 30, 2021.Morris has accomplished his primary goals with Spanish Mountain and is now looking forward to retirement. He has overseen completion of our successful PFS (2021), passed on the technical details of the project to our engineering staff and he has managed our Board for seve...
Spanish Mountain Files NI 43-101 Technical Report for Pre-Feasibility ...
Vancouver, British Columbia--(Newsfile Corp. - June 3, 2021) - Spanish Mountain Gold Ltd. (TSXV: SPA) (the "Company") is pleased to announce the completion and filing of the National Instrument 43-101 Independent Technical Report (the "Report") for the Company's Spanish Mountain Gold Project (the "Project") located in British Columbia, Canada. The Report provides detailed information on the Project and affirms the technical and economic results of the Pre-Feasibility Study (PFS) as announced in a news release dated May 11, 2021.The Report has been filed on SEDAR under the profile of the Compa...
Spanish Mountain Gold Reports Results of Pre-Feasibility Study Along w...
Vancouver, British Columbia--(Newsfile Corp. - May 11, 2021) - Spanish Mountain Gold Ltd. (TSXV: SPA) (the "Company") is pleased to announce the positive results of the Pre-Feasibility Study (the "PFS") for the 100% owned Spanish Mountain gold project (the "Project") located in central British Columbia, Canada. The PFS, which is prepared in accordance with NI 43-101 Standards of Disclosure for Mineral Projects, delineates a Mineral Reserve within the near-surface/ higher-grade portion of the Mineral Resource. All dollars figures are in Canadian (CAD) unless otherwise noted. In accordance wit...
Spanish Mountain Provides Project Update
Vancouver, British Columbia--(Newsfile Corp. - March 24, 2021) - Spanish Mountain Gold Ltd. (TSXV: SPA) ("Spanish Mountain" or the "Company") announces the latest update on the Spanish Mountain gold project (the "Project") in British Columbia, Canada. Winter Field ProgramAs announced in a news release dated January 18, 2021, the Company added a geotechnical drilling program to perform site investigation in areas where winter conditions allow cost-effective access. Under the supervision of the technical team, the drill crew has successfully mobilized and completed six holes planned for two h...
Spanish Mountain Reveals Project Strategy for 2021 and Accelerates Fie...
Vancouver, British Columbia--(Newsfile Corp. - January 18, 2021) - Spanish Mountain Gold Ltd. (TSXV: SPA) ("Spanish Mountain" or the "Company") is pleased to provide an update on the current year's project strategy for the Spanish Mountain gold project (the "Project") in British Columbia, Canada. To accelerate the planned activities for the year, the Company will add a winter field program, which will be mobilized in February. All the programs listed below will be funded with cash on hand.Preliminary Feasibility StudyThe Company expects to deliver on its stated objective of presenting the r...
Spanish Mountain Appoints Director, Sustainability & Indigenous Affair...
Vancouver, British Columbia--(Newsfile Corp. - December 16, 2020) - Spanish Mountain Gold Ltd. (TSXV: SPA) ("Spanish Mountain" or the "Company") is pleased to announce the appointment of Doug Ramsey, M.Sc., R.P.Bio. as Director, Sustainability and Indigenous Affairs with overall responsibility for the processes related to environmental assessment (EA) as well as consultations with First Nations and communities for the Spanish Mountain gold project (the "Project") in British Columbia, Canada.Mr. Ramsey will immediately resume the critical activities for the Project's environmental assessment u...
Spanish Mountain Announces Results of Annual General and Special Meeti...
Vancouver, British Columbia--(Newsfile Corp. - December 11, 2020) - Spanish Mountain Gold Ltd. (TSXV: SPA) ("Spanish Mountain" or the "Company") announces the results of its Annual General and Special Meeting of shareholders (the "Meeting") held on December 10, 2020.An ordinary resolution of disinterested shareholders was passed at the Meeting authorizing and approving the creation of 2176423 Ontario Ltd., a corporation controlled by Mr. Eric Sprott, as a new Control Person (as defined in the policies of the TSX Venture Exchange) of the Company upon the exercise of share purchase warrants. ...
Spanish Mountain Successfully Completes Field Program and Affirms Deli...
Vancouver, British Columbia--(Newsfile Corp. - December 9, 2020) - Spanish Mountain Gold Ltd. (TSXV: SPA) ("Spanish Mountain" or the "Company") is pleased to announce that its technical team has successfully completed the last module of the field work for the current year and is on track to complete and deliver the results of a Preliminary Feasibility Study (PFS) for the proposed Phase 1 operation of its Spanish Mountain gold project (the "Project") in British Columbia, Canada.Field Work Completed in 2020As previously reported, the last module of the field program was designed to further expan...
Spanish Mountain Commences Preliminary Feasibility Study
Vancouver, British Columbia--(Newsfile Corp. - October 27, 2020) - Spanish Mountain Gold Ltd. (TSXV: SPA) ("Spanish Mountain" or the "Company") is pleased to announce that the Board of Directors has authorized management to proceed with a Preliminary Feasibility Study (PFS) for the proposed Phase 1 operation of its Spanish Mountain gold project (the "Project") in British Columbia, Canada. As indicated below, the PFS will be based on various enhanced parameters in order to evaluate further improvements on multiple project metrics over the results reported in the 2019 Preliminary Economic Asse...
Spanish Mountain Gold Announces Full Exercise of Warrants and Share Pu...
Vancouver, British Columbia--(Newsfile Corp. - October 26, 2020) - Spanish Mountain Gold Ltd. (TSXV: SPA) ("Spanish Mountain" or the "Company") is pleased to announce that 16,666,666 warrants with the expiry date of October 23, 2020 have been fully exercised bringing proceeds to the Company totaling $833,333. All former and current insiders of the Company have elected to exercise and hold an additional 10,999,667 common shares. The warrants were issued in connection with a private placement of units dated October 24, 2015.During the current fiscal year, former and current insiders of the Co...
Spanish Mountain Further Strengthens its Technical Team
Vancouver, British Columbia--(Newsfile Corp. - October 23, 2020) - Spanish Mountain Gold Ltd. (TSXV: SPA) ("Spanish Mountain" or the "Company") is pleased to announce further enhancements to its technical team as the Company rapidly advances the Spanish Mountain gold project (the "Project") in British Columbia, Canada. Two highly experienced technical professionals are joining the Company's project team and a Technical Review Panel, comprised of four veterans in mining, has been formed recently to provide technical oversight and expert advice to management.Project DirectorRay Mah, P. Eng., h...
Spanish Mountain Successfully Completes First Module of Field Program ...
Vancouver, British Columbia--(Newsfile Corp. - October 19, 2020) - Spanish Mountain Gold Ltd. (TSXV: SPA) ("Spanish Mountain" or the "Company") is pleased to announce that its technical team and contractors have successfully completed the first module of this year's field program as planned and have immediately launched the resource drilling program at its Spanish Mountain gold project (the "Project"). As announced in a news release dated August 20, 2020, the objective of the first module was to develop additional data in support of the proposed project infrastructure as outlined in the Preli...
Spanish Mountain Gold Activates First Module of Field Program
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2020) - Spanish Mountain Gold Ltd. (TSXV: SPA) ("Spanish Mountain" or the "Company") is pleased to announce that its technical team and contractors have been mobilized to the project site near Likely, B.C. to execute the first module of the field program for its Spanish Mountain gold project (the "Project"). The Company expects the summer program to contribute significantly to the realization of the dual objectives of fast tracking the Project's Phase 1 to be "shovel ready" and expanding the multi-million ounce gold resource as stated...
Spanish Mountain Gold Announces Plans for Resource Expansion
Vancouver, British Columbia--(Newsfile Corp. - August 10, 2020) - Spanish Mountain Gold Ltd. (TSXV: SPA) ("Spanish Mountain" or the "Company") is pleased to announce plans for a major drill program intended to lead to a potential expansion to the pit-delineated mineral resource. The Company previously announced in a news release dated July 28, 2020 that Phase 1 of its Spanish Mountain gold project (the "Project") is fully funded to be "shovel ready". The recently completed private placement allows the Company to simultaneously pursue the additional objective of rapid resource expansion. Man...
Spanish Mountain Gold Announces Closing of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - August 6, 2020) - Spanish Mountain Gold Ltd. (TSXV: SPA) ("Spanish Mountain" or the "Company") is pleased to announce that it has closed a non-brokered private placement offering (the "Offering") of 11,904,761 common share units (the "Units") for gross proceeds of $5,000,000, entirely subscribed by Mr. Eric Sprott.Each Unit consisted of one common share of the Company and one common share purchase warrant (a "Warrant"). Each Warrant entitles its holder to purchase one common share at a price of $0.60 per share for a period of two years. All of ...
Spanish Mountain Gold Announces $5M Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 29, 2020) - Spanish Mountain Gold Ltd. (TSXV: SPA) (the "Company") is pleased to announce that the Company has arranged a private placement of units at $0.42 per unit (a "Units") for gross proceeds of $5,000,000 (the "Offering").Each Unit will consist of one common share of the Company and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one common share at a price of $0.60 per share for a period of two years. The proceeds of the private placement will be used exclusively to expand the Projec...
Spanish Mountain Gold Further Accelerates Project Timeline and Declare...
Vancouver, British Columbia--(Newsfile Corp. - July 28, 2020) - Spanish Mountain Gold Ltd. (TSXV: SPA) ("Spanish Mountain" or the "Company") is pleased to provide an update on its Spanish Mountain gold project (the "Project") following management's review of project deliverables given currently available cash. The Company previously announced, in a news release dated July 14, 2020, plans for a field program this summer and the completion of the inaugural Preliminary Feasibility Study (PFS) with a reserve statement for the Project's proposed Phase 1 operations within 12 months. Phase 1 targe...
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