A0YJQF - Spanish Mountain Gold ehem. Skygold (Seite 58)
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ISIN: CA8464811097 · WKN: A0YJQF · Symbol: S3Y
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| 3.640,50 | +8,79 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 103,80 | -9,50 | |
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Antwort auf Beitrag Nr.: 41.723.851 von ixilon am 30.06.11 15:42:40Fettes PP und Watson zeichnet selbst 20%.Das ist ne Hausnummer.
bs
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Spanish Mountain Announces $15,000,000 Financing
Jun. 30, 2011 (Marketwire Canada) --
VANCOUVER, BRITISH COLUMBIA -- Spanish Mountain Gold Ltd. (the "Company") (TSX VENTURE:SPA) is pleased to announce that it is undertaking a private placement of up to 25,000,000 units (the "Units") at a price of $0.60 per unit for gross proceeds of approximately CAD$15,000,000 (the "Offering"). Each Unit consists of one common share and one-half of one share purchase warrant ("Unit Warrant"). Each Unit Warrant entitles the holder to acquire an additional common share of the Company at a price of $0.70 per share for a period of two years. The Offering is expected to close by July 7, 2011.
Pursuant to the Offering, Mr. Ian Watson, a director of the Company, is expected to acquire 5,000,000 of the Units for approximately $3,000,000, representing approximately 20% of the Offering and 3.19% of the issued and outstanding shares after the Offering is completed. In addition, certain directors and officers of the Company are expected to acquire an aggregate of 800,000 Units.
The proceeds from the Offering will be used to advance the development of the Company's Spanish Mountain gold project, to explore the contiguous Cedar Creek claims and for general corporate purposes. In connection with the Offering, a cash finders' fee of up to 3.0% of the gross proceeds of the Offering will be paid to certain finders. All of the securities issued in connection with the Offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws.
The terms of the Offering are subject to the acceptance of the TSX Venture Exchange.
About Spanish Mountain Gold
Spanish Mountain Gold Ltd. is focused on the responsible development of its flagship Spanish Mountain gold project in southern central British Columbia. The Company has no debt and owns 100% of all four gold properties located in British Columbia. Additional information about the Company is available on its website: www.spanishmountaingold.com.
On Behalf of the Board,
SPANISH MOUNTAIN GOLD LTD.
Brian Groves, President and CEO
Quelle: http://tmx.quotemedia.com/article.php?newsid=42604049&qm_sym…
LG ixilon
Jun. 30, 2011 (Marketwire Canada) --
VANCOUVER, BRITISH COLUMBIA -- Spanish Mountain Gold Ltd. (the "Company") (TSX VENTURE:SPA) is pleased to announce that it is undertaking a private placement of up to 25,000,000 units (the "Units") at a price of $0.60 per unit for gross proceeds of approximately CAD$15,000,000 (the "Offering"). Each Unit consists of one common share and one-half of one share purchase warrant ("Unit Warrant"). Each Unit Warrant entitles the holder to acquire an additional common share of the Company at a price of $0.70 per share for a period of two years. The Offering is expected to close by July 7, 2011.
Pursuant to the Offering, Mr. Ian Watson, a director of the Company, is expected to acquire 5,000,000 of the Units for approximately $3,000,000, representing approximately 20% of the Offering and 3.19% of the issued and outstanding shares after the Offering is completed. In addition, certain directors and officers of the Company are expected to acquire an aggregate of 800,000 Units.
The proceeds from the Offering will be used to advance the development of the Company's Spanish Mountain gold project, to explore the contiguous Cedar Creek claims and for general corporate purposes. In connection with the Offering, a cash finders' fee of up to 3.0% of the gross proceeds of the Offering will be paid to certain finders. All of the securities issued in connection with the Offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws.
The terms of the Offering are subject to the acceptance of the TSX Venture Exchange.
About Spanish Mountain Gold
Spanish Mountain Gold Ltd. is focused on the responsible development of its flagship Spanish Mountain gold project in southern central British Columbia. The Company has no debt and owns 100% of all four gold properties located in British Columbia. Additional information about the Company is available on its website: www.spanishmountaingold.com.
On Behalf of the Board,
SPANISH MOUNTAIN GOLD LTD.
Brian Groves, President and CEO
Quelle: http://tmx.quotemedia.com/article.php?newsid=42604049&qm_sym…
LG ixilon
Moin,
SMG begins review process
By Robyn Chambers - Williams Lake Tribune
Published: June 16, 2011 7:00 AM
The Spanish Mountain Gold mine project near Likely is just now beginning the provincial and federal environmental assessment process.
That was just one of the messages brought by company representatives to the Gibraltar Room Tuesday evening during a public information meeting on the project.
The company says it anticipates within the next month the provincial government will order an environmental assessment.
Chris Brodie, manager of environmental studies with Knight Piesold Consulting, a company working with SMG, says that will trigger an environmental assessment review at the federal level as there is harmonization between the two processes.
“Where an environmental assessment is triggered for both they (the two levels of government) will try to combine their processes and wherever possible one document will suffice for both levels of review, open house and public and First Nations consultation. Those will be done to accommodate both levels of government so they don’t have to be done twice,” Brodie says.
The company anticipates its project will be subject to a comprehensive review process at the federal level. That includes enhanced consultation beyond the first level of review, a screening review.
“We’ve not got that in writing but it’s absolutely the assumption,” Brodie says. “It’s highly likely.”
The community consultation the company is currently undertaking is not part of a mandated assessment, rather an attempt to inform the impacted communities, company representatives told the 20 community members who had gathered to hear the presentation.
The environment assessment process will offer additional opportunities for public input into the project.
The gold mine is anticipated to be operational by January 2014. SMG expects the mine could produce more than 200,000 ounces of gold per year with a mine life of 10 years.
The company concluded a preliminary economic assessment in December 2010 and has completed 600 drill holes on the property. It expects to outlay $240 million in capital expenditures throughout the 18 months the mine is being built.
In the construction phase, that could begin in 2013, approximately 600 temporary jobs might be created and when operational the mine could create approximately 284 jobs.
The company and the Williams Lake Indian Band have signed a memorandum of understanding outlining the First Nations involvement in all aspects of the mine’s development. Spanish Mountain Gold says an MOU with Xat’sull First Nation remains outstanding; however, it is hopeful one will be reached.
The company has four exploration properties —- two near Prince George and one near 100 Mile House.
Quelle:http://www.bclocalnews.com/bc_cariboo/williamslaketribune/ne…
bs
SMG begins review process
By Robyn Chambers - Williams Lake Tribune
Published: June 16, 2011 7:00 AM
The Spanish Mountain Gold mine project near Likely is just now beginning the provincial and federal environmental assessment process.
That was just one of the messages brought by company representatives to the Gibraltar Room Tuesday evening during a public information meeting on the project.
The company says it anticipates within the next month the provincial government will order an environmental assessment.
Chris Brodie, manager of environmental studies with Knight Piesold Consulting, a company working with SMG, says that will trigger an environmental assessment review at the federal level as there is harmonization between the two processes.
“Where an environmental assessment is triggered for both they (the two levels of government) will try to combine their processes and wherever possible one document will suffice for both levels of review, open house and public and First Nations consultation. Those will be done to accommodate both levels of government so they don’t have to be done twice,” Brodie says.
The company anticipates its project will be subject to a comprehensive review process at the federal level. That includes enhanced consultation beyond the first level of review, a screening review.
“We’ve not got that in writing but it’s absolutely the assumption,” Brodie says. “It’s highly likely.”
The community consultation the company is currently undertaking is not part of a mandated assessment, rather an attempt to inform the impacted communities, company representatives told the 20 community members who had gathered to hear the presentation.
The environment assessment process will offer additional opportunities for public input into the project.
The gold mine is anticipated to be operational by January 2014. SMG expects the mine could produce more than 200,000 ounces of gold per year with a mine life of 10 years.
The company concluded a preliminary economic assessment in December 2010 and has completed 600 drill holes on the property. It expects to outlay $240 million in capital expenditures throughout the 18 months the mine is being built.
In the construction phase, that could begin in 2013, approximately 600 temporary jobs might be created and when operational the mine could create approximately 284 jobs.
The company and the Williams Lake Indian Band have signed a memorandum of understanding outlining the First Nations involvement in all aspects of the mine’s development. Spanish Mountain Gold says an MOU with Xat’sull First Nation remains outstanding; however, it is hopeful one will be reached.
The company has four exploration properties —- two near Prince George and one near 100 Mile House.
Quelle:http://www.bclocalnews.com/bc_cariboo/williamslaketribune/ne…
bs
Antwort auf Beitrag Nr.: 41.621.516 von juniorexplorer am 08.06.11 17:50:22Mitti Juni? also ich würd eher sagen zu spät wenn du damit die Saisonalität meinst .. aber aussteigen kann man aus Aktien immer 
...News wirds weiterhin geben.. Drillingprogramme laufen.. Cedar Creek wird im Juli beackert...
...News wirds weiterhin geben.. Drillingprogramme laufen.. Cedar Creek wird im Juli beackert...
lohnt sich jetzt ein Ausstieg noch. habe nach Spesenabzug noch einen kleinen Gewinn und möchte aussteigen. vl im Herbst wieder zurückkehren. es ist aber nur eine kleine Randposi und daher bin ich nicht am Laufenden. ist newsmässig etwas im sommer zu erwarten? glaube der gesamtmarkt wird auch noch nachgeben. mein englisch ist auch sehr dürftig. Danke für einen Kommentar.
Trading Spotlight
June 02, 11
Spanish Mountain Gold Hits Some Very Interesting Copper Mineralisation In British Columbia
By Charles Wyatt
Towards the end of last year Canadian-listed Spanish Mountain Gold released the results of a preliminary economic assessment, or scoping study, on its Spanish Mountain project in south central British Columbia. Now Brian Groves, the chief executive, is accompanying his chairman Ian Watson and new director Morris Beattie, who was also involved with Galahad, on a tour around the UK to bring investors fully up to date. The company has now embarked on a pre-feasibility study at the Spanish Mountain project. Ian Watson is well known in London as he was a founder with Jim Slater of Galahad Gold which made a fortune for its shareholders as a result of hugely successful investments in Uramin and Northern Dynasty. Mining at one remove from actually breaking ground is Jim’s speciality and he is particularly enamoured of companies where the putative value of gold in the ground stands at a hefty discount to market capitalisation. He has long been a bull of gold, which is where he and Minews are at one, but poor old Minews finds low grades and gold valuations ahead of feasibility quite hard to accept.
In the case of Spanish Mountain, however, the advantages outweigh the disadvantages, so much so that it’s worth running through them. The deposit is located in an area of minimal political risk, provided due attention is paid to permitting requirements and relations with local First Nations. There are no environmental problems, or rather none that are likely to impede development. The company is well financed and there is no likelihood that banks will be able to push hedging on it when funding for development is being sought. Long life for a mine is always desirable and there should be potential to add to reserves as production proceeds from further exploration. On all these counts Spanish Mountain ticks the boxes, and it has the added advantage of all-weather road access and grid power on the property, offering cheap electricity from hydro sources. A paragon of its type, then, and safe in the care of an experienced board of directors with a significant financial interest in success.
The scoping study, according to Brian Groves, was based on a conservative gold price of US$1,100 per ounce. The study envisaged a plant designed to produce just over 200,000 ounces of gold per year for an initial period of 10 years at a total cash cost of US$570 per ounce treating ore mined from an open pit. If the mining equipment is bought rather than leased this cost would fall to US$520 per ounce. The study put the overall capex required at C$496 million, which is not cheap, and may be reduced as the feasibility study proceeds and optimisation kicks in. Even at the published level, though, payback from the start of milling is calculated at 4.1 years. It is worth pointing out that the IRR (internal rate of return) was only 14.7 per cent on the base case scenario, but that it more than doubles at a gold price of US$1,500 per ounce. A sturdy project and one to which investors warm, judging by the fact that Spanish Mountain Gold’s share price has advanced significantly since Brian Groves and his team announced they were on their way to London.
Resources from the last estimate amount to 1.92 million ounces at a grade of 0.48 grams per tonne gold in the measured and indicated categories, and a similar amount at a slightly lower grade inferred. The company owns another three projects in the area which exhibit similar geology, but for now the focus is very much on Spanish Mountain itself. But it’s not all about the gold. Brian Groves is also very excited by the additional potential of copper mineralisation on the Cedar Creek property, acquired a year ago, which is on the western side of the Spanish Mountain project. Soil geochemistry has identified a major anomaly of over three kilometres in length with grades up to 0.235% copper in soils, with another smaller anomaly to its north west. Interestingly, these two anomalies are close to the neighbouring Mount Polley copper-gold mine owned and operated by Imperial Metals Corporation. This mine produced 6.16 million pounds of copper, 9,232 ounces of gold and 22,815 ounces of silver in the first quarter to end March. The reserve grades at Mount Polley are 0.318% copper and 0.21 grams per tonne gold, so Spanish Mountain is very much in the running to become a similar project.
It is still early days for any decision to be made on this, but the immediate reaction from Brian Groves is that Spanish Mountain is going to be a gold mine and there is nothing simple about a plant treating two production flows. The solution might be to float off Cedar Creek as a potential copper producer, or sell all or part of it off to another company, or have the ore toll treated at Mount Polley. Time is on the side of Brian Groves for a decision on this, and in the meantime there is plenty more drilling to be done there. Coincidentally, Minews has just come across a Canadian book published back in 2005 called Gold Rush which contains an interview with Pierre Lebel about the discovery and development of Mount Polley. He mentions the high grade discovery in the northeast of the project which was the making of it, and it should be no surprise if Brian Groves is seen reading the book on the plane home.
In fact it is such early days for Cedar Creek that no news has yet been published on the soil geochem work nor, in fact, is there any background on Cedar Creek itself apart from the fact that it was acquired from Cedar Mountain. But as far as Spanish Mountain is concerned, the pre-feasibility study on a gold operation should be finished by the third quarter of this year. It will then flow into a bankable feasibility which should be completed mid-way through 2012. Then it will be onto fund raising and construction, with permitting continuing in the background. The best bet is that plant commissioning should get underway early in 2014, but Brian Groves is too experienced an operator to commit himself to a date at this stage. For all we know it could be a copper-gold mine like Mount Polley by that time, whatever Jim Slater’s desires to keep it as a pure gold play.
Category: Minews Story
Spanish Mountain Gold Hits Some Very Interesting Copper Mineralisation In British Columbia
By Charles Wyatt
Towards the end of last year Canadian-listed Spanish Mountain Gold released the results of a preliminary economic assessment, or scoping study, on its Spanish Mountain project in south central British Columbia. Now Brian Groves, the chief executive, is accompanying his chairman Ian Watson and new director Morris Beattie, who was also involved with Galahad, on a tour around the UK to bring investors fully up to date. The company has now embarked on a pre-feasibility study at the Spanish Mountain project. Ian Watson is well known in London as he was a founder with Jim Slater of Galahad Gold which made a fortune for its shareholders as a result of hugely successful investments in Uramin and Northern Dynasty. Mining at one remove from actually breaking ground is Jim’s speciality and he is particularly enamoured of companies where the putative value of gold in the ground stands at a hefty discount to market capitalisation. He has long been a bull of gold, which is where he and Minews are at one, but poor old Minews finds low grades and gold valuations ahead of feasibility quite hard to accept.
In the case of Spanish Mountain, however, the advantages outweigh the disadvantages, so much so that it’s worth running through them. The deposit is located in an area of minimal political risk, provided due attention is paid to permitting requirements and relations with local First Nations. There are no environmental problems, or rather none that are likely to impede development. The company is well financed and there is no likelihood that banks will be able to push hedging on it when funding for development is being sought. Long life for a mine is always desirable and there should be potential to add to reserves as production proceeds from further exploration. On all these counts Spanish Mountain ticks the boxes, and it has the added advantage of all-weather road access and grid power on the property, offering cheap electricity from hydro sources. A paragon of its type, then, and safe in the care of an experienced board of directors with a significant financial interest in success.
The scoping study, according to Brian Groves, was based on a conservative gold price of US$1,100 per ounce. The study envisaged a plant designed to produce just over 200,000 ounces of gold per year for an initial period of 10 years at a total cash cost of US$570 per ounce treating ore mined from an open pit. If the mining equipment is bought rather than leased this cost would fall to US$520 per ounce. The study put the overall capex required at C$496 million, which is not cheap, and may be reduced as the feasibility study proceeds and optimisation kicks in. Even at the published level, though, payback from the start of milling is calculated at 4.1 years. It is worth pointing out that the IRR (internal rate of return) was only 14.7 per cent on the base case scenario, but that it more than doubles at a gold price of US$1,500 per ounce. A sturdy project and one to which investors warm, judging by the fact that Spanish Mountain Gold’s share price has advanced significantly since Brian Groves and his team announced they were on their way to London.
Resources from the last estimate amount to 1.92 million ounces at a grade of 0.48 grams per tonne gold in the measured and indicated categories, and a similar amount at a slightly lower grade inferred. The company owns another three projects in the area which exhibit similar geology, but for now the focus is very much on Spanish Mountain itself. But it’s not all about the gold. Brian Groves is also very excited by the additional potential of copper mineralisation on the Cedar Creek property, acquired a year ago, which is on the western side of the Spanish Mountain project. Soil geochemistry has identified a major anomaly of over three kilometres in length with grades up to 0.235% copper in soils, with another smaller anomaly to its north west. Interestingly, these two anomalies are close to the neighbouring Mount Polley copper-gold mine owned and operated by Imperial Metals Corporation. This mine produced 6.16 million pounds of copper, 9,232 ounces of gold and 22,815 ounces of silver in the first quarter to end March. The reserve grades at Mount Polley are 0.318% copper and 0.21 grams per tonne gold, so Spanish Mountain is very much in the running to become a similar project.
It is still early days for any decision to be made on this, but the immediate reaction from Brian Groves is that Spanish Mountain is going to be a gold mine and there is nothing simple about a plant treating two production flows. The solution might be to float off Cedar Creek as a potential copper producer, or sell all or part of it off to another company, or have the ore toll treated at Mount Polley. Time is on the side of Brian Groves for a decision on this, and in the meantime there is plenty more drilling to be done there. Coincidentally, Minews has just come across a Canadian book published back in 2005 called Gold Rush which contains an interview with Pierre Lebel about the discovery and development of Mount Polley. He mentions the high grade discovery in the northeast of the project which was the making of it, and it should be no surprise if Brian Groves is seen reading the book on the plane home.
In fact it is such early days for Cedar Creek that no news has yet been published on the soil geochem work nor, in fact, is there any background on Cedar Creek itself apart from the fact that it was acquired from Cedar Mountain. But as far as Spanish Mountain is concerned, the pre-feasibility study on a gold operation should be finished by the third quarter of this year. It will then flow into a bankable feasibility which should be completed mid-way through 2012. Then it will be onto fund raising and construction, with permitting continuing in the background. The best bet is that plant commissioning should get underway early in 2014, but Brian Groves is too experienced an operator to commit himself to a date at this stage. For all we know it could be a copper-gold mine like Mount Polley by that time, whatever Jim Slater’s desires to keep it as a pure gold play.
Category: Minews Story
Spanish Mountain Gold Reports Results From Current Drill Program: 204.3m Grading 0.46g/t Gold Including 52.8m Grading 0.74g/t Gold
VANCOUVER, BRITISH COLUMBIA, Jun 2, 2011 (Marketwire via COMTEX News Network) --
Spanish Mountain Gold Ltd. (TSX VENTURE:SPA) ("the Company") is pleased to announce preliminary results of the in-fill drilling program within the Main and North Zones of its Spanish Mountain Gold Project (the "Project") located in central British Columbia, Canada. These results represent approximately 30% of the total planned drill holes that are designed to upgrade mineralization from the Inferred to Measured and Indicated categories, test for extensions to gold mineralization laterally and at depth and to optimize the design of pit walls.
Highlights of Drilling Results include:
-- 204.3 metres (m) grading 0.46 gram per tonne (g/t) gold including 52.8m
grading 0.74g/t gold and including 20.4m grading 1.26g/t gold in hole
11-DDH-921.
-- 62.5m grading 0.64g/t gold in hole 11-DDH-925.
-- 53.5m grading 0.65g/t gold including 1.5m grading 15.25g/t gold in hole
11-DDH-927.
-- 127.0m grading 0.51g/t gold in hole 11-DDH-931.
-- 74.8m grading 0.52g/t gold including 9.0m grading 1.72g/t gold in hole
11-DDH-939.
-- 59.8m grading 0.57g/t gold including 4.8m grading 1.43g/t gold in hole
11-DDH-937.
Significant assay results are contained in Table 1 appended to this news release.
Discussion of Results and Project Update
Drilling to date has confirmed the presence of the mineralized argillite-siltstone sedimentary horizon throughout the North Zone. The drilling has also encountered two new zones of mineralized argillite that the Company expects to better define by drilling, the results from which will be included in an updated resource estimate.
In addition to the in-fill drilling, the current program includes exploration holes designed to test for extensions to mineralization intersected along horizons extending both to the southeast and west and at depth.
The current program within the Main and North Zones is expected to be completed within a month at which time the Company will commence exploration drilling in the Cedar Creek area of the Spanish Mountain Property. Historical work in this area, including geological mapping, airborne geophysics and intensive soil surveys has revealed the presence of interbedded sequences of graphitic argillite-bearing sediments and mafic volcanic rocks supporting soils anomalous in a number of elements including gold and copper.
In addition to the in-fill and exploration drilling being conducted, the Company is preparing to begin a Preliminary Feasibility Study for the Project, based on the positive results contained within the Preliminary Economic Assessment completed in 2010 (see News Release dated November 23, 2010).
Judy Stoeterau, P.Geo., the Company's Vice-President of Geology and the qualified person as defined under National Instrument 43-101, has reviewed the contents of this news release. All core samples are assayed at ALS Chemex Laboratory in Vancouver, BC.
About Spanish Mountain Gold
Spanish Mountain Gold Ltd. is focused on the responsible development of its flagship Spanish Mountain gold project in southern central British Columbia, Canada. The Company has no debt and owns 100% of four gold properties located in British Columbia. Additional information about the Company is available on its website: www.spanishmountaingold.com
On Behalf of the Board,
SPANISH MOUNTAIN GOLD LTD.
Brian Groves, President and CEO
This News Release contains forward-looking statements. Forward looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking-statements. Management has assumed that these will be our major projects going forward. Risks include that we are unable to satisfy environmental or other regulators, that we determine that our resources are not commercially viable, or that we have difficulties due to unavailability of labour or equipment.
While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggests herein. Except as required by applicable law the Company does not intend to update any forward-looking statements to conform these statements to actual results.
Table 1: Significant Assay Results
---------------------------------------------------------------------------
Au Grade
Hole From To Length (m) (g/t)
---------------------------------------------------------------------------
11-DDH-919 5.5 215.5 210.0 0.38
------------------------------------------------------------
including 5.5 63.5 58.0 0.53
------------------------------------------------------------
and 164.2 205.5 41.3 0.46
---------------------------------------------------------------------------
11-DDH-920 17.0 116.5 99.5 0.31
------------------------------------------------------------
including 70.5 72.2 1.7 2.09
------------------------------------------------------------
and 97.0 116.5 19.5 0.51
---------------------------------------------------------------------------
11-DDH-921 3.7 208.0 204.3 0.46
------------------------------------------------------------
including 3.7 56.4 52.8 0.74
------------------------------------------------------------
and 36.0 56.4 20.4 1.26
---------------------------------------------------------------------------
and 92.0 145.0 53.0 0.52
---------------------------------------------------------------------------
11-DDH-922 20.0 151.0 131.0 0.41
------------------------------------------------------------
including 20.0 38.0 18.0 0.98
---------------------------------------------------------------------------
11-DDH-923 21.0 127.0 106.0 0.38
------------------------------------------------------------
including 81.5 127.0 45.5 0.54
---------------------------------------------------------------------------
11-DDH-925 92.0 154.5 62.5 0.64
------------------------------------------------------------
including 95.0 110.0 15.0 1.14
------------------------------------------------------------
and 140.0 140.8 0.8 3.99
---------------------------------------------------------------------------
11-DDH-926 130.5 165.5 35.0 0.50
---------------------------------------------------------------------------
11-DDH-927 17.5 71.0 53.5 0.65
------------------------------------------------------------
including 28.8 30.3 1.5 15.25
---------------------------------------------------------------------------
11-DDH-928 27.5 239.9 212.4 0.37
including 125.5 174.5 49.0 0.71
------------------------------------------------------------
and 164.0 171.5 7.5 1.21
---------------------------------------------------------------------------
11-DDH-930 6.5 42.5 36.0 0.55
------------------------------------------------------------
including 27.3 29.0 1.8 2.06
------------------------------------------------------------
and 39.5 41.0 1.5 3.64
---------------------------------------------------------------------------
11-DDH-931 21.5 148.5 127.0 0.51
------------------------------------------------------------
including 49.5 54.0 4.5 1.53
------------------------------------------------------------
and 129.5 139.3 9.8 1.06
---------------------------------------------------------------------------
11-DDH-932 17.0 63.5 46.5 0.41
------------------------------------------------------------
including 18.5 21.5 3.0 1.46
------------------------------------------------------------
and 44.0 45.5 1.5 1.82
---------------------------------------------------------------------------
11-DDH-935 4.6 49.5 44.9 0.53
------------------------------------------------------------
including 4.6 9.5 4.9 1.15
---------------------------------------------------------------------------
11-DDH-934 3.7 16.6 12.9 0.53
------------------------------------------------------------
and 31.5 33.0 1.5 2.10
---------------------------------------------------------------------------
11-DDH-936 5.5 31.0 25.5 0.48
------------------------------------------------------------
including 23.5 25.0 1.5 1.44
---------------------------------------------------------------------------
11-DDH-937 4.6 266.7 262.1 0.33
------------------------------------------------------------
including 22.7 82.5 59.8 0.57
------------------------------------------------------------
and 22.7 27.5 4.8 1.43
------------------------------------------------------------
and 104.5 133.2 28.7 0.68
---------------------------------------------------------------------------
11-DDH-938 3.7 23.0 19.3 0.52
---------------------------------------------------------------------------
11-DDH-939 41.5 116.3 74.8 0.52
------------------------------------------------------------
including 59.5 68.5 9.0 1.72
---------------------------------------------------------------------------
SOURCE: Spanish Mountain Gold Ltd.
Spanish Mountain Gold Ltd. Brian Groves (604) 601-3651 info@spanishmountaingold.com www.spanishmountaingold.com B&D Capital Partners (604) 685-6465
Copyright (C) 2011 Marketwire. All rights reserved.
June 02, 2011 04:00 ET
Spanish Mountain Gold Reports Results From Current Drill Program: 204.3m Grading 0.46g/t Gold Including 52.8m Grading 0.74g/t Gold
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 2, 2011) - Spanish Mountain Gold Ltd. (TSX VENTURE:SPA) ("the Company") is pleased to announce preliminary results of the in-fill drilling program within the Main and North Zones of its Spanish Mountain Gold Project (the "Project") located in central British Columbia, Canada. These results represent approximately 30% of the total planned drill holes that are designed to upgrade mineralization from the Inferred to Measured and Indicated categories, test for extensions to gold mineralization laterally and at depth and to optimize the design of pit walls.
Highlights of Drilling Results include:
204.3 metres (m) grading 0.46 gram per tonne (g/t) gold including 52.8m grading 0.74g/t gold and including 20.4m grading 1.26g/t gold in hole 11-DDH-921.
62.5m grading 0.64g/t gold in hole 11-DDH-925.
53.5m grading 0.65g/t gold including 1.5m grading 15.25g/t gold in hole 11-DDH-927.
127.0m grading 0.51g/t gold in hole 11-DDH-931.
74.8m grading 0.52g/t gold including 9.0m grading 1.72g/t gold in hole 11-DDH-939.
59.8m grading 0.57g/t gold including 4.8m grading 1.43g/t gold in hole 11-DDH-937.
http://www.marketwire.com/press-rel....x-venture-spa-1521741…
Spanish Mountain Gold Reports Results From Current Drill Program: 204.3m Grading 0.46g/t Gold Including 52.8m Grading 0.74g/t Gold
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 2, 2011) - Spanish Mountain Gold Ltd. (TSX VENTURE:SPA) ("the Company") is pleased to announce preliminary results of the in-fill drilling program within the Main and North Zones of its Spanish Mountain Gold Project (the "Project") located in central British Columbia, Canada. These results represent approximately 30% of the total planned drill holes that are designed to upgrade mineralization from the Inferred to Measured and Indicated categories, test for extensions to gold mineralization laterally and at depth and to optimize the design of pit walls.
Highlights of Drilling Results include:
204.3 metres (m) grading 0.46 gram per tonne (g/t) gold including 52.8m grading 0.74g/t gold and including 20.4m grading 1.26g/t gold in hole 11-DDH-921.
62.5m grading 0.64g/t gold in hole 11-DDH-925.
53.5m grading 0.65g/t gold including 1.5m grading 15.25g/t gold in hole 11-DDH-927.
127.0m grading 0.51g/t gold in hole 11-DDH-931.
74.8m grading 0.52g/t gold including 9.0m grading 1.72g/t gold in hole 11-DDH-939.
59.8m grading 0.57g/t gold including 4.8m grading 1.43g/t gold in hole 11-DDH-937.
http://www.marketwire.com/press-rel....x-venture-spa-1521741…
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