Spanish Mountain Gold Reports Near Surface High Grade Gold Intercepts in the K

Ottawa Citizen

25-04-2025

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VANCOUVER, British Columbia — Spanish Mountain Gold Ltd. (the ' Company ' or ' Spanish Mountain Gold ') (TSX-V: SPA) (FSE: S3Y) (OTCQB: SPAUF) is pleased to report high grade gold intercepts and the highest grade encountered to date in exploration history at the Spanish Mountain Gold project, which is located in the Cariboo Gold Corridor, British Columbia, Canada. The 10,000 m, 2025 winter exploration diamond drill program ('2025 Winter Drill Program') is comprised of 31 holes and 73% complete.
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Hole 25-DH-1286 intersected 139.00 m grading 4.18 g/t Au from 56.00 m including, from 163.00 m, grades of 719.26 g/t Au over 0.75 m, and from 165.10 m, 156.80 g/t Au over 3.50 m
Hole 25-DH-1284 intersected 55.70 m grading 0.41 g/t Au from 126.00 m including, from 172.00 m, 9.70 m grading 1.83 g/t Au and 1.00 m grading 12.13 g/t Au
Hole 25-DH-1285 intersected 39.00 m grading 0.99 g/t Au from 113.00 m including 1.00 m grading 34.59 g/t Au
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Visible gold (VG) was observed in multiple drill holes, confirming the high-grade nature of the K Zone Target (See Figure 3)
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Julian Manco, Spanish Mountain Gold's Director of Exploration commented, 'These exceptional results validate our new geological model, extend mineralization and highlight the significant potential for more high-grade mineralization within our project area. The high grades encountered in hole 25-DH-1286 are truly remarkable and demonstrate an extraordinary upside potential for the Spanish Mountain Gold project.'
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Peter Mah, Spanish Mountain Gold's President, CEO and Director commented, 'We are thrilled to take a major leap forward unlocking near surface high-grade gold intercepts that support the growing understanding of our high-quality deposit and signal exciting new possibilities for high grade open pit gold discovery within 200 m of surface'
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Table 1: 2025 Winter Drill Program – Summarized Gold Assay Results
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Notes:
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Abbreviations: metres = m, grams per tonne = g/t, gold = Au
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Drill Core Processing, Data Verification and Quality Assurance – Quality Control Program (QAQC)
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Once received from the drill and processed, all drill core samples were sawn in half, labeled, and bagged. The remaining half of the drill core was securely stored on-site. Numbered security tags were applied to sample shipments to ensure chain of custody compliance. The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 15% of the samples in addition to the laboratory's internal quality assurance programs. The QAQC program was overseen by the Company's Qualified Person, Julian Manco, P.Geo, Director of Exploration (as described below).
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Drill core samples were submitted to MSALABS' analytical facility in Prince George, British Columbia, for sample preparation and PhotonAssay TM analysis. The MSALABS facilities are accredited to the International Standards ISO/IEC 17025 and ISO 9001 standard for gold and multi-element assays, with all analytical methods incorporating quality control materials at defined frequencies and established data acceptance criteria. MSALABS Inc. is independent of the Company.
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PhotonAssay TM
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The PhotonAssay TM method utilizes gamma ray analysis for gold detection using the Chrysos PhotonAssay TM instrument (PA1408X). This non-destructive, fully automated technique offers high accuracy for analyzing ores and pulps. Sample preparation begins with drying and crushing up to 1 kg of material to achieve at least 70% passing through a 2-millimetre (mm) sieve. The sample is then riffle split to obtain a suitable aliquot for 2 testing cycles (MSALABS Method CPA-Au1).
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The PhotonAssay TM instrument bombards 400 – 600 gram samples contained in sealed containers with gamma rays. These containers remain sealed throughout the process, preserving the sample for potential further testing. The analysis is performed robotically, with results that integrate into existing laboratory management systems.
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Each sample is accompanied by a reference disc traceable to a Certified Reference Material (CRM). Both the sample and reference disc undergo gamma ray exposure, with signals detected and analyzed to ensure accurate and reliable results.