Friday 21st October 2016

Resource Clips

Spanish Mountain reports BC Gold Assays up to 4.12 g/t over 37.3m, 2.88 g/t over 51m

Resource Clips - essential news on junior gold mining and junior silver miningSpanish Mountain Gold Ltd TSXV:SPA announced the remaining results from its in-fill drilling program recently completed within the Main Zone of its Spanish Mountain Gold Project located in central British Columbia, Canada. Highlights include:

1.31 grams per tonne gold over 130.43 metres
(including 2.4 g/t gold over 59.93 metres)
1.09 g/t gold over 31 metres
1.44 g/t gold over 25.95 metres
(including 3.27 g/t gold over 10.5 metres)
2.88 g/t gold over 51 metres
(including 11.76 g/t gold over 11.08 metres)
(including 36.6 g/t gold over 3.48 metres)
4.12 g/t gold over 37.25 metres
(including 6.95 g/t over 19.75 metres)
0.64 g/t gold over 131.95 metres
(including 1.22 g/t gold over 40.5 metres)
0.64 g/t gold over 121 metres
(including 1.01 g/t gold over 40.29 metres)
0.64 g/t gold over 67.5 metres
(including 1.67 g/t gold over 17 metres)
0.71 g/t gold over 100.5 metres
(including 1.03 g/t gold over 61 metres)
0.92 g/t gold over 131.36 metres
(including 1.17 g/t gold over 91.36 metres)

According to a November 2011 resource estimate, Spanish Mountain hosts measured and indicated resources of 138 million tonnes grading 0.49 g/t gold and 0.64 g/t silver (at a 0.2 g/t gold cutoff) and inferred resources of 339.6 million tonnes grading 0.37 g/t gold and 0.65 g/t silver. This translates to 2.17 million ounces gold and 2.84 million ounces silver measured and indicated and 4.04 million ounces gold and 7.1 million ounces silver inferred. Compared to the November 2010 preliminary economic assessment, these figures constitute a 59% increase in gold measured and indicated and a 561% increase in inferred.

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Colin Clancy
Investor Relations

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by Jay Currie

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