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

Precious Metals

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 …

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.”

Click here for the full text release

The Conversation (0)
×