Tuesday 23rd October 2018

Resource Clips

Spanish Mountain reports BC Results of 0.58 g/t Gold over 92.5m

Resource Clips - essential news on junior gold mining and junior silver miningSpanish Mountain Gold Ltd TSXV:SPA announced assays from the Phoenix Zone of its Spanish Mountain Gold Project in central BC. Results include

0.58 g/t gold and 1.01 g/t silver over 92.5 metres
(including 4.12 g/t gold and 6.52 g/t silver over 7.5 metres)
0.82 g/t gold and 1.2 g/t silver over 55.4 metres
(including 3.18 g/t gold and 1.3 g/t silver over 1.8 metres)
0.5 g/t gold and 0.92 g/t silver over 56.7 metres
(including 3.06 g/t gold and 2.7 g/t silver over 2.8 metres)
0.35 g/t gold and 4.25 g/t silver over 47.5 metres
(including 2.61 g/t gold and 4.1 g/t silver over 1.5 metres)

President/CEO Brian Groves remarked, “The discovery of the Phoenix Zone in the Cedar Creek area is a very positive development for the Spanish Mountain Gold Project. Drilling in this area was initiated to investigate the source of gold in the overburden, which contained gold up to 7 g/t in soil samples. The overburden was not assayed in the recent drill program. Further drilling will be required to fully evaluate the gold potential of the zone and the attendant implications for the overall economics of the project. At this early stage, the nature of the mineralization in the Phoenix Zone appears to be similar to that of the mineralization within the North Zone. The company will now begin the planning for further drilling and metallurgical testing to be completed in 2012.”

View Company Profile

Colin Clancy
Investor Relations

Read feature story on Spanish Mountain Gold Ltd.

by Greg Klein

Share |

View All: News Stories