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spanish mountain gold ltd (SPA) Snapshot

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08/26/13 - C$0.16
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spanish mountain gold ltd (SPA) Details

Spanish Mountain Gold Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties, primarily gold in Canada. It primarily holds 100% interest in the Spanish Mountain gold project, which comprises approximately 47 contiguous mineral claims and 13 placer claims covering an area of approximately 77 square kilometers located in the Cariboo region of central British Columbia. The company was formerly known as Skygold Ventures Ltd. and changed its name to Spanish Mountain Gold Ltd. in January 2010. Spanish Mountain Gold Ltd. is headquartered in Vancouver, Canada.

spanish mountain gold ltd (SPA) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: C$216.0K
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: C$240.0K
Vice-President of Geology
Total Annual Compensation: C$166.4K
Total Annual Compensation: C$260.0K
Compensation as of Fiscal Year 2012.

spanish mountain gold ltd (SPA) Key Developments

Spanish Mountain Gold Ltd. Commences Drilling Program at its Spanish Mountain Gold Project

Spanish Mountain Gold Ltd. announced that it has commenced a drilling program at its Spanish Mountain Gold project located approximately 6 kilometres from the community of Likely, B.C. The current drilling is focused on the central portion of the deposit and is designed to provide additional information in previously drilled areas where higher grade mineralization is located. The company has retained Northspan Explorations to complete a minimum of 4,000 metres of reverse circulation drill holes.

Spanish Mountain Gold Ltd. Announces Updated Resource Estimate and Grade Increase

Spanish Mountain Gold Ltd. announced an updated resource estimate (National Instrument 43-101 compliant) for its wholly owned Spanish Mountain Gold Project (the 'Project') in central British Columbia, Canada. The updated resource was based on all drill data, including data from the 9,229 metre (56 drill holes) reverse circulation (RC) drilling program completed by the company during 2013. The company has completed a Preliminary Economic Assessment as disclosed on November 14, 2012. That assessment established an economic cut-off of 0.2 g/t gold based on assumptions of operating costs for a potential open pit operation. To test the effects of using only RC holes, blocks within this test volume, were re-kriged using only RC composites in a similar manner to the 2012 Resource Estimate. Within the RC drilling area of the Test Block, only the upper argillite, tuff and lower argillite domains were present and estimated. Since the RC holes did not penetrate below 950 elevation, only blocks above this level were compared.

Spanish Mountain Gold Ltd. Announces Final Assay Results from the Reverse Circulation Drilling Program

Spanish Mountain Gold Ltd. announced the final assay results from the reverse circulation drilling program completed in 2013 within the Main Zone of its Spanish Mountain Gold Project located in central British Columbia, Canada. Highlights of drilling results: 12.19 metres (m) grading 1.91 grams per tonne (g/t) gold in hole 13SMRC-1194 - 56.39 m grading 1.27 g/t gold in hole 13SMRC-1194 - 141.73 m grading 1.07 g/t gold in hole 13SMRC-1195 - 13.72 m grading 1.62 g/t gold in hole 13SMRC-1196 - 41.15 m grading 1.00 g/t and 12.19 m grading 2.36 g/t gold in hole 13SMRC-1197 - 47.24 m grading 1.20 g/t gold in hole 13SMRC-1199.


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