A0YJQF - Spanish Mountain Gold ehem. Skygold (Seite 62)

[ixilon]

Mar 10, 2011 08:31 ET
Spanish Mountain Gold Announces Work Programs for 2011: Drilling in Excess of 17,000 Metres Planned

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 10, 2011) - Spanish Mountain Gold Ltd. ("the Company") (TSX VENTURE:SPA) is pleased to announce details of its work programs to be completed on the Company's projects during the coming field season.

Spanish Mountain Gold Project

The drilling for the 2011 work program will commence in mid-March. The planned work will focus on the following:

In-fill drilling of at least 13,000 metres within the Main and North Zones with the objective of upgrading mineralization from Inferred to Measured and Indicated categories. Data obtained from this drilling will be used to update the existing geological resource and will provide information to aid the design of an optimized open pit.
Step-out drilling to establish the potential to expand the current resource of both the Main Zone (towards the west) and the North Zone (towards the northwest and southeast). Targets for this drilling are based on new mineralized intercepts encountered during the 2010 program.
Continued environmental baseline sampling and ongoing design of the potential tailings storage location, mill-site arrangement and waste rock storage facilities.
Cedar Creek

The Cedar Creek property represents the western extension of the Spanish Mountain project. A recent review of historical exploration data has identified two significant geochemically anomalous trends that the Company believes warrant further examination. At least 4,000 metres of drilling is expected to commence in May. Additional soil geochemistry over an area of eight square kilometres will be conducted during the 2011 season.

Early Stage Exploration Projects

Drilling results to date from the Thunder Ridge project to the south of Spanish Mountain will be combined with a re-interpretation of the soil geochemistry of the area to delineate potential drill targets. The Prince George and Manson properties to the north of Spanish Mountain are at a preliminary stage and will require further soil geochemistry work. All three properties were acquired as a result of regional geological reviews by the Company and the study of their potential is ongoing.

The 2011 work programs will be carried out concurrently with the on-going economic assessment of the Company's flagship Spanish Mountain project.

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.

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 all four gold properties located in British Columbia. Additional information about the Company and its project are available on its website: www.spanishmountaingold.com.

On Behalf of the Board,

SPANISH MOUNTAIN GOLD LTD.

Brian Groves, Pesident 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.



For more information, please contact

Spanish Mountain Gold Ltd.
Bill Gillies
[phone]
[e-mail]
www.spanishmountaingold.com
or
B&D Capital Partners
[phone]



LG ixilon

[Parkwaechter]

sehe ich genauso. Ich habe mir einmal die Biografie von Ian Watson angeschaut. Wenn eines klar ist, dann ist es, dass er es versteht, mit Goldanlagen clever und massiv sein Vermögen zu vergrössern. Der wird nicht so gross in SPA einsteigen, ohne Aussicht auf Erfolg.

Mir scheint, der will jetzt schnell Erfolge sehen und durchgreifen. Der Geologie ist ja bereits gefeuert worden.

[German2]

Antwort auf Beitrag Nr.: 41.171.916 von HGDM am 09.03.11 16:31:11

lass den markt erstmal korrigieren... die Personalien sind auf alle Fälle positiv zu bewerten.. Ian Watson als Chairman und grosser Anteilseigner wird so wahrscheinlich mehr Einfluss auf die Entwicklung nehmen können und hoffentl auf die Tempotube drücken.... abwarten und Tee trinken..das PEA-Update steht vor der Tür

[HGDM]

Antwort auf Beitrag Nr.: 41.171.642 von Parkwaechter am 09.03.11 15:59:08

Versteh einer die "Welt"

[Parkwaechter]

Hoffentlich kommt jetzt wieder etwas positive Dynamik in das Papier.

Press Release Source: Spanish Mountain Gold Ltd. On Wednesday March 9, 2011, 8:55 am EST
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 03/09/11) - Spanish Mountain Gold Ltd. ("the Company") (TSX-V:SPA - News) is pleased to announce that it has closed its private placement offering (the "Offering"), previously announced on February 17, 2011. Pursuant to the Offering, a total of 6,410,257 common shares of the Company (the "FT Shares") were issued on a "flow-through" basis at a price of $0.78 per FT Share for gross proceeds of $5,000,000.

The proceeds of the private placement will be used to fund programs on the Company's mineral properties in British Columbia, Canada. The Company has received final acceptance from the TSX Venture Exchange in connection with the Offering.

Pursuant to transactions which occurred subsequent to the closing of the Offering, Mr. Ian Watson, a director of the Company, acquired 1,142,857 of the FT Shares for approximately $600,000, representing approximately 17.83% of the Offering and 0.88% of the current issued and outstanding common shares of the Company (the "Shares"). Mr. Watson now owns, directly and indirectly, a total of 13,454,497 Shares and also holds stock options to acquire up to 300,000 Shares and share purchase warrants to acquire up to 10,403,640 Shares (together, the "Convertible Securities"). Mr. Watson's current shareholding represents approximately 10.31% of outstanding Shares (on a non-diluted basis). Should Mr. Watson also exercise his Convertible Securities, he will own 17.10% of the outstanding Shares on a partially diluted basis (i.e., assuming no other convertible securities are exercised).

The Company has paid total cash finder's fee of $128,076.93 pursuant to the Offering. All of the securities issued under the Offering are subject to hold period which will expire on July 9, 2011 in accordance with applicable Canadian securities laws.

Management Team

The Company is also pleased to announce the appointment of Ian Watson as Chairman of the Company's Board of Directors. Mr. Watson has been a director of the Company since September 2009.

The Company is pleased to report that Judy Stoeterau, P. Geo. has been appointed Vice-President, Geology. Judy has over 30 years of experience in mineral exploration and corporate management, working on gold, base metal, uranium and diamond projects in Canada and South America. She has worked with both junior exploration companies and senior mining firms such as Falconbridge, Getty Minerals, Placer Dome and Cameco.

The Company believes that Judy's comprehensive understanding of the operations of junior mineral exploration companies and her strong professional reputation in the industry are further enhancement to the Company's management team. She will immediately focus on advancing and expanding the mineral potential of the Company's properties. Judy replaces Stuart Morris. We thank Mr. Morris for his contributions to the Company.

The Company has granted incentive stock options to acquire an aggregate of 1,170,000 common shares of the Company to directors, officers and employees of the Company, at an exercise price of $0.65 per share, exercisable until March 9, 2016. The foregoing is subject to regulatory acceptance.

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 all four gold properties located in British Columbia. Additional information about the Company and its project are 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.

Contact:
Contacts:Spanish Mountain Gold Ltd.Bill Gillies(604) [e-mail]&D Capital Partners(604) 685-6465

[zyperus]

hallo,
gestern wieder über 0,6, hier in germany kann man teils
mit guter strategie unter pari kaufen...

As of February 16, 2011, Mr. Watson owns, directly and indirectly, a total of 12,311,640 common shares of the Company ("Shares"), representing approximately 9.92% of outstanding Shares (on a non-diluted basis), and also holds options to acquire up to 300,000 Shares and share purchase warrants to acquire up to 10,403,640 Shares (together, the "Convertible Securities"). If the Offering and the concurrent Watson Purchase are completed, Mr. Watson will own, directly and indirectly, a total of 13,454,497 Shares representing approximately 10.31% of outstanding Shares (on a non-diluted basis). Should Mr. Watson also exercise his Convertible Securities following the completion of the Offering (including the Watson Purchase), he will own 17.10% of the outstanding Shares on a partially diluted basis (i.e. assuming no other convertible securities are exercised).

gruß
zyperus

[G.W.Pratte]

Spanish Mountain Announces $5,000,000 Flow-Through Private Placement

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/17/11 -- Spanish Mountain Gold Ltd. ("Spanish Mountain" or the "Company") (TSX VENTURE: SPA) is pleased to announce that it is undertaking a private placement of 6,410,257 common shares of the Company ("Shares") on a "flow-through" basis at a price of $0.78 per Share to raise gross proceeds of $5,000,000 (the "Offering").

Pursuant to transactions expected to occur subsequent to the closing of the Offering, Mr. Ian Watson, a director of the Company, is expected to acquire 1,142,857 of the Offered Shares (the "Watson Purchase") for approximately $600,000, representing approximately 17.83% of the Offering and 0.88% of the issued and outstanding Shares after the Offering is completed.

As of February 16, 2011, Mr. Watson owns, directly and indirectly, a total of 12,311,640 common shares of the Company ("Shares"), representing approximately 9.92% of outstanding Shares (on a non-diluted basis), and also holds options to acquire up to 300,000 Shares and share purchase warrants to acquire up to 10,403,640 Shares (together, the "Convertible Securities"). If the Offering and the concurrent Watson Purchase are completed, Mr. Watson will own, directly and indirectly, a total of 13,454,497 Shares representing approximately 10.31% of outstanding Shares (on a non-diluted basis). Should Mr. Watson also exercise his Convertible Securities following the completion of the Offering (including the Watson Purchase), he will own 17.10% of the outstanding Shares on a partially diluted basis (i.e. assuming no other convertible securities are exercised).

While the Watson Purchase constitutes a "related party transaction" as defined in Multilateral Instrument 61-101 Protection of Minority Securityholders in Special Transactions ("MI 61-101"), exemptions from the formal valuation and minority shareholder approval requirements are available and being relied upon by the Company. The Company intends to file a material change report after the completion of the Offering. The Company believes it is prudent to close the transactions expeditiously and therefore is not filing a material change report 21 days before the closing of the Offering. The board of directors of the Company has approved the Offering and the Watson Purchase, with Mr. Watson abstaining from voting thereon.

The proceeds from the Offering will be used to advance the development of the Company's Spanish Mountain gold project and to explore the contiguous Cedar Creek claims. In connection with the Offering, a cash finders' fee of up to 6.0% of the gross proceeds of the Offering will be paid to finders, including Oberon Capital Corporation. 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.

[boersensoldat]

Antwort auf Beitrag Nr.: 41.000.184 von grasgruener am 08.02.11 10:39:46

...und nicht zu vergessen die letzten Zukäufe von Watson.Der kauft nicht nur aus Spaß.
Ich glaube hier werden wir noch viel Freude haben.

bs

[grasgruener]

Antwort auf Beitrag Nr.: 40.988.913 von boersensoldat am 05.02.11 17:22:35

Danke für den Artikel!

unterstützt das Ganze..........

SPA fliegt im Moment eher unter Anlegerradar - das wird sich ändern
sieht wirklich gut aus, Bollinger ziehen sich zusammen, Kurs äußert stabil

[zyperus]

hallo, 0,62 cad... charttechnisch braut sich hier was zusammen...
könnte nun kurzfristig einen schönen ausbruch geben.
0,64 cad durch als sk. wäre schön dann an die 0,8... mit news.
gruß
zyperus