Spanish Mtn Gold Ltd Stock Price, News & Analysis

Spanish Mountain Gold (OTCQB: SPAUF) reported additional assays from six drill holes in the newly defined Orca Fault target and five holes at the A12 area from its 2025 Fall Drill Program (to date ~8,220 m of planned 9,000–10,000 m complete).

Key highlights include multiple higher-grade intervals within broader intercepts: 25-DH-1311: 40.00 m @ 0.98 g/t Au and 25-DH-1313: 74.35 m @ 0.66 g/t Au, contributing to continuity of mineralization over ~500 m strike. Twelve additional holes remain pending assays.

Spanish Mountain Gold (OTCQB: SPAUF) reported assay results from three 2025 fall drill holes at the Main Deposit Orca Fault area, including 25-DH-1300: 140.67 m @ 0.68 g/t Au (includes 17.00 m @ 1.07 g/t and 12.78 m @ 2.85 g/t), 25-DH-1302: 102.56 m @ 0.55 g/t and 73.11 m @ 0.50 g/t intervals, and 25-DH-1304: 26.46 m @ 0.80 g/t (includes 8.03 m @ 1.61 g/t).

The company has completed ~7,800 m of a planned 9,000–10,000 m program; combined results support higher-grade continuity across a 430 m strike in the new Orca Fault target. Multiple assays remain pending and true thickness is currently unknown.

Spanish Mountain Gold (OTCQB: SPAUF) changed its auditor from Smythe LLP to BDO LLP effective for fiscal 2025, naming BDO to hold office until the next annual general meeting.

The Board said the change supports a growth strategy shifting from junior explorer to emerging developer; there were no reservations in the former auditor's reports and no reportable events under NI 51-102. The company filed the required change-of-auditor notices on SEDAR+.

The company also appointed Kim Leroux as Director Finance effective January 2, 2026 to lead financial systems ahead of a targeted 2027 build decision; part-time VP Finance Mathew Lee will transition responsibilities and depart after Q1 2026.

Spanish Mountain Gold (OTCQB: SPAUF) reported assay results from three 2025 Fall drill holes at the Orca Fault area, highlighting long, continuous mineralized intervals and a deeper high-grade intercept.

Key results: 25-DH-1299 — 0.82 g/t Au over 139.82 m (48.18–188.00 m) including 34.60 m @ 2.17 g/t and a deeper 45.54 m @ 1.67 g/t (284.00–329.54 m) including 33.54 m @ 2.19 g/t; 25-DH-1297 — 50.84 m @ 0.66 g/t including 19.41 m @ 1.12 g/t; 25-DH-1298 — 34.77 m @ 0.48 g/t.

The company has completed ~6,947 m of a planned 9,000–10,000 m program; assays remain pending for multiple holes and true thickness is undetermined.

Spanish Mountain Gold (OTCQB: SPAUF) reported additional assay results from the 2025 Fall Drill Program at the Spanish Mountain project in British Columbia. New holes 25-DH-1294 and 25-DH-1296 returned significant near-surface intercepts, including 107.50 m @ 0.68 g/t Au (incl. 41.00 m @ 0.98 g/t) and 68.00 m @ 0.71 g/t Au (incl. 35.16 m @ 1.16 g/t), with higher-grade subsets to 5.27 g/t and 3.61 g/t. Company reports continuity of a higher-grade domain along the newly defined Orca Fault over ~300 m strike. Separate assays on 11 holes remain pending; true thickness is unknown.

Spanish Mountain Gold (OTCQB: SPAUF) reported assay results from the first two holes of its 2025 Fall Drill Program on November 3, 2025, at the Spanish Mountain project, Cariboo Gold Corridor, BC.

Highlights include 25-DH-1292: 112.00 m @ 0.77 g/t Au including 35.80 m @ 1.18 g/t Au (subset 10.20 m @ 1.80 g/t) and 25-DH-1293: 102.00 m @ 0.64 g/t Au including 20.25 m @ 1.28 g/t Au. The company plans 9,000–10,000 m of drilling in the program, reports improved core recovery and confirms structural continuity beyond 25 m. Assays for seven additional holes are pending; true thickness is unknown.

Spanish Mountain Gold (OTCQB: SPAUF) has begun particle and bulk ore sorting studies to test X-ray transmission (XRT), XRF and PGNAA sensor approaches with ABH Engineering and OrePortal Technologies.

The work will use historical drill core from the Main and Phoenix deposits to assess amenability, develop sorting algorithms, and produce preliminary capital and operating estimates. Successful bulk sorting could materially reduce mill size and initial capex and improve ROM feed grades, processed grades and gold production versus the July 3, 2025 PEA. The company targets advancing toward a construction decision by or in 2027.

Spanish Mountain Gold (OTCQB:SPAUF) has announced a significant 9,000-10,000 metre drill program at its Spanish Mountain Gold Project in British Columbia. The program, contracted to Hardrock Diamond Drilling Ltd., will focus on five key priority areas: Main deposit, Phoenix deposit, K-zone, Outcropping Tuff target, and A12 target.

The drilling campaign aims to extend near-surface, higher-grade gold mineralization and collect samples for metallurgical studies. Notable previous results include intersections of 139 metres grading 4.18 g/t gold at K-zone and 62 metres grading 1.47 g/t gold at Phoenix deposit. The program is scheduled to commence in Q3 2025 and complete in Q1 2026, supporting the company's strategy to reach a build decision by 2027.

Spanish Mountain Gold (OTCQB:SPAUF) has announced its engagement with Atrium Research Corporation, a leading company-sponsored research firm. The agreement involves Atrium providing research services and presenting Spanish Mountain Gold's investment case to potential investors through various formats, including video interviews with management.

The 18-month service agreement will cost $3,400 per month and is pending TSX Venture Exchange approval. Both parties maintain an arm's-length relationship, with Atrium and its insiders holding no shares or options in Spanish Mountain Gold.