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Business Wire
a day ago
- Business
- Business Wire
Spanish Mountain Gold Announces Grant of Stock Options
VANCOUVER, British Columbia--(BUSINESS WIRE)--Spanish Mountain Gold Ltd. (the " Company" or " Spanish Mountain Gold") (TSX-V: SPA) (FSE: S3Y) (OTCQB: SPAUF) announces that it has granted 2,860,500 stock options to officers and directors of the Company and 221,500 stock options to employees and consultants pursuant to the terms of the Company's stock option plan. Each option entitles the holder to acquire one Common Share at an exercise price of $0.175 per Common Share for ten years. About Spanish Mountain Gold Ltd. Spanish Mountain Gold Ltd. is focused on advancing its 100%-owned Spanish Mountain Gold Project (Project) towards construction of the next gold mine in the Cariboo Gold Corridor, British Columbia. The Company expects to release at the end of Q2, 2025, the results for the Project's newly de-risked and optimized Preliminary Economic Assessment (PEA) with an updated Mineral Resource Estimate (MRE). Upon receipt of the new PEA and updated MRE, the company will decide the next steps to advance the Project to position the company to make a construction decision in or before 2027. We are striving to be a leader in community and Indigenous relations by leveraging technology and innovation to build the 'greenest' gold mine in Canada. The Relentless Pursuit for Better Gold means seeking new ways to achieve optimal financial outcomes that are safer, minimize environmental impact and create meaningful sustainability for communities. Details on the Company are available on and on the Company's website: On Behalf of the Board, 'Peter Mah' President, Chief Executive Officer and Director Spanish Mountain Gold Ltd. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. FORWARD-LOOKING INFORMATION: Certain of the statements and information in this press release constitute "forward-looking information". Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be considered forward-looking information. The Company's forward-looking information is based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release and include but are not limited to information with respect to, the potential to extend mineralization within the near-surface environment; the potential to expand resources and to find higher-grade mineralization at depth; the timing, size and budget of a winter drill program, and the results thereof; and the delivery of a maiden resource for the Phoenix Target, and the timing and results thereof. Other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking information.
Ottawa Citizen
25-04-2025
- Business
- Ottawa Citizen
Spanish Mountain Gold Reports Near Surface High Grade Gold Intercepts in the K
Article content 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. Article content Article content Article content 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 Article content Visible gold (VG) was observed in multiple drill holes, confirming the high-grade nature of the K Zone Target (See Figure 3) Article content 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.' Article content 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' Article content Table 1: 2025 Winter Drill Program – Summarized Gold Assay Results Article content Notes: Article content Article content Abbreviations: metres = m, grams per tonne = g/t, gold = Au Article content Drill Core Processing, Data Verification and Quality Assurance – Quality Control Program (QAQC) Article content 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, Director of Exploration (as described below). Article content 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. Article content PhotonAssay TM Article content 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). Article content 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. Article content 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.
Yahoo
21-02-2025
- Business
- Yahoo
Spanish Mountain Gold Announces Symbol Change to "SPAUF" on the OTCQB Venture Market
VANCOUVER, British Columbia, February 21, 2025--(BUSINESS WIRE)--Spanish Mountain Gold Ltd. (the "Company" or "Spanish Mountain Gold") (TSX-V: SPA) (FSE: S3Y) (OTCQB: SPAUF) is pleased to announce it has changed its trading stock symbol in the United States ("U.S.") on the OTCQB Venture Market ("OTCQB"). The common shares previously listed under the symbol "SPAZF", will begin trading under the new symbol "SPAUF", effective today. The OTCQB Venture Market is the premier marketplace for early stage and developing U.S. and international companies including those in the mining and natural resources sectors. Companies listed on OTCQB are current in their reporting and undergo an annual verification and management certification process. Investors can find real-time quotes and market information for the Company on Options Issuance The Company announces it has granted 450,000 stock options to officers of the Company, including 150,000 options granted to its Vice President Investor Relations and Corporate Development. These options are exercisable at $0.135 per share for a 10-year term, subject to the provisions of the Company's stock option plan. About Spanish Mountain Gold Ltd. Spanish Mountain Gold Ltd. is focused on advancing its 100%-owned Spanish Mountain Gold Project to achieve a construction decision in 2027 to build the next gold mine in the Cariboo Gold Corridor, British Columbia. We are conducting an integrated Whittle Enterprise Optimization to identify the highest potential value-add improvements while increasing the understanding of the high-grade geologic controls and associated drill targets that could upgrade and expand the gold resource. We are striving to be a leader in community and Indigenous relations by leveraging technology and innovation to build the 'greenest' gold mine in Canada. The Relentless Pursuit for Better Gold means seeking new ways to achieve optimal financial outcomes that are safer, minimize environmental impact and create meaningful sustainability for communities. Details on the Company are available on and on the Company's website: On Behalf of the Board, "Peter Mah"President, Chief Executive Officer and DirectorSpanish Mountain Gold Ltd. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. FORWARD-LOOKING INFORMATION: Certain of the statements and information in this press release constitute "forward-looking information". Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be considered forward-looking information. The Company's forward-looking information is based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release and include but are not limited to information with respect to achieving a construction decision, and the timing and results thereof. Other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking information. View source version on Contacts For more information, contact: Suzette N Ramcharan(604) 601-3651info@
Yahoo
27-01-2025
- Business
- Yahoo
Spanish Mountain Gold Lists on the OTCQB Venture Market
Vancouver, British Columbia--(Newsfile Corp. - January 27, 2025) - Spanish Mountain Gold Ltd. (TSXV: SPA) (FSE: S3Y) (OTCQB: SPAZF) (the "Company" or "Spanish Mountain Gold") is pleased to announce that the Company's stock will commence trading on the OTCQB Venture Market ("OTCQB"), effective today, January 27, 2024, under the symbol "SPAZF". Peter Mah, Spanish Mountain Gold's President & CEO commented, "Listing on the OTCQB expands visibility and accessibility of trading in the Company's stock to a broader audience, providing a more seamless trading experience for our U.S. investors. We have a number of exciting near-term catalysts this year as we continue to advance the Spanish Mountain Gold Project towards a targeted build decision in 2027. We are starting our 2025 drill program this quarter, and are looking forward to delivering an updated mineral resource estimate and a new Preliminary Economic Assessment towards the end of the first half of 2025." The OTCQB Venture Market is the premier marketplace for early stage and developing U.S. and international companies including those in the mining and natural resources sectors. Companies listed on OTCQB are current in their reporting and undergo an annual verification and management certification process. Investors can find real-time quotes and market information for the Company on About Spanish Mountain Gold Mountain Gold Ltd. is focused on advancing its 100%-owned Spanish Mountain Gold Project towards construction of the next gold mine in the Cariboo Gold Corridor, British Columbia. We are conducting an integrated Whittle Enterprise Optimization to identify the highest potential value-add improvements while increasing the understanding of the high-grade geologic controls and associated drill targets that could upgrade and expand the gold resource. We are striving to be a leader in community and Indigenous relations by leveraging technology and innovation to build the 'greenest' gold mine in Canada. The Relentless Pursuit for Better Gold means seeking new ways to achieve optimal financial outcomes that are safer, minimize environmental impact and create meaningful sustainability for communities. Details on the Company are available on and on the Company's website: On Behalf of the Board, "Peter Mah"President, Chief Executive Officer and Director Spanish Mountain Gold Ltd. For more information, contact:Suzette N Ramcharan(604) 601-3651 info@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. FORWARD-LOOKING INFORMATION:Certain of the statements and information in this press release constitute "forward-looking information". Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be considered forward-looking information. The Company's forward-looking information is based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release and include but are not limited to information with respect to the advancement of the project towards development including delivery of an updated mineral resource estimate and new preliminary economic assessment, and the timing and results thereof, as well as being in a position to make a build decision in 2027. Other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking information. To view the source version of this press release, please visit Sign in to access your portfolio
