Spanish Mountain Gold Announces Results of New PEA for the First Zone

Spanish Mountain Gold Ltd. (the “Company”) (TSXV: SPA) is pleased to announce the results of the Preliminary Economic Assessment (the “PEA”) for the pit-delineated high grade core (the “First Zone”) of the 100% owned Spanish Mountain gold project (the “Project”) located near Likely in central British Columbia, Canada. The PEA, the commencement of which was announced in a news release dated February 14, 2017, has been prepared in accordance with NI 43-101 Standards of Disclosure for Mineral Projects.
As quoted in the press release:

Larry Yau, CEO, commented: “Once again our team’s diligence has delivered impressive results for our shareholders. I believe that this PEA has convincingly validated our two-zone project approach for advancing our multi-million ounce resource: the First Zone alone generates robust investment returns and an operation lasting 24 years whereas the Second Zone, comprised of additional multi-million ounces of gold within the current geologic resource estimate, largely as Inferred Resources, potentially adds development flexibility and leverage on the future gold price.”

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