Spanish Mountain Gold Ltd. (OTCQB: SPAUF; TSX-V: SPA; FSE: S3Y) issues frequent news updates about the advancement of its 100%-owned Spanish Mountain Gold Project in the Cariboo Gold Corridor in British Columbia. Company releases focus on exploration drilling, project studies, and corporate developments that relate directly to the project’s technical and strategic progress.
A major theme in recent news is the 2025 Fall Diamond Drill Program, which targets the Main deposit, the newly defined Orca Fault area, and additional zones such as the Phoenix deposit, K-zone, OT target, and A12 target. Updates detail assay results from individual drill holes, including reported intervals of gold mineralization and interpretations of structural controls like the Orca Fault and associated quartz-dominated veins.
Spanish Mountain Gold also reports on project optimization work, including ore sorting studies with ABH Engineering Inc. and OrePortal Technologies Ltd., which are intended to evaluate whether particle and bulk ore sorting can increase mill feed grades and influence project economics as outlined in the PEA. Other news covers corporate initiatives such as auditor changes, research coverage arrangements, and service providers engaged to enhance investor communications.
This news page aggregates these company-issued announcements so readers can follow drilling progress, technical interpretations, project studies, and corporate actions related to SPAUF. Investors and observers can use the updates to track how new drill results, structural models, and engineering studies may affect the Spanish Mountain Gold Project over time.
Spanish Mountain Gold (SPAUF) reported gold assay results from 28 drill holes in its feasibility drilling program in British Columbia. Hole 26-DH-1414 intersected 295.50 metres at 0.54 grams per tonne gold from 41.00 metres, including 107.00 metres at 0.93 grams per tonne from 170.00 metres. Hole 26-DH-1408 returned 152.65 metres at 0.52 grams per tonne from 8.85 metres. Hole 26-DH-1399 returned 118.00 metres at 0.55 grams per tonne, while 26-DH-1391 returned 340.00 metres at 0.36 grams per tonne.
Approximately 33,353 metres of the planned 60,000-metre program have been completed; assays remain pending for 25 additional holes. The program targets infill drilling and resource expansion at the Main Deposit. Spanish Mountain Gold targets feasibility study completion in H1 2028, supported by additional technical drilling programs.
Spanish Mountain Gold (SPAUF) announced voting results from its annual general meeting held in Vancouver, British Columbia, on October 1, 2026. A total of 123,703,643 common shares were voted, representing 23.41% of outstanding common shares as of the record date. Shareholders elected Brent Bergeron, Garnet Dawson, Lembit Janes, Richard Orazietti, and George Peter Mah as directors. They also approved the re-appointment of BDO Canada LLP as the company’s auditor.
Spanish Mountain Gold (SPAUF) is advancing its project's environmental assessment and remains on track to submit a Detailed Project Description in Q1 2027. In August 2026, the British Columbia Environmental Assessment Office accepted the company's plan to resume the assessment and confirmed it was not pursuing termination.
Engagement continues with Lhtako Dene Nation, Williams Lake First Nation and Xatśūll First Nation. Discussions with Xatśūll include additional capacity funding to support review of the current project design. Spanish Mountain Gold says design refinements since the Initial Project Description respond to First Nations feedback during early engagement. It has funded a Traditional Knowledge and Use Study conducted by Xatśūll. Exploration and feasibility study work increased in 2026, and the company plans to continue prioritizing economic and employment opportunities for members of the three Nations.
Spanish Mountain Gold (SPAUF) released a 2026 Preliminary Economic Assessment update and Mineral Resource Estimate for its Spanish Mountain project in B.C., outlining a larger, longer‑life open pit mine plan with higher projected value.
The base case after‑tax NPV5% is US$2.16 billion (C$2.91 billion) and after‑tax IRR is 35.2% at US$3,600/oz gold, rising to NPV5% of US$3.14 billion and IRR of 46.3% at US$4,400/oz. Planned initial capital is US$1.05 billion with a 1.8‑year payback and life‑of‑mine production of 3.33 Moz over 25.8 years, averaging 207 koz/year in years 1–5 at AISC of US$1,098/oz and 129 koz/year over LOM at AISC of US$1,450/oz. Throughput is increased to 31 ktpd and the strip ratio reduced to 1.8:1. Measured and Indicated Main deposit resources rise to 4.7 Moz gold, and regulators have authorized resumption of the combined provincial and federal environmental assessment.
Spanish Mountain Gold (SPAUF) has engaged First Focus Capital to provide investor relations and marketing services, subject to TSX Venture Exchange acceptance, for an eight‑month term from September 14, 2026 to May 14, 2027, for a total cash fee of $40,000 paid from working capital.
First Focus will deliver corporate communications, marketing and investor relations advisory services and is described as being at arm’s length with no direct or indirect interest in the company’s securities as of the announcement date. Spanish Mountain Gold is advancing its 100%-owned Spanish Mountain Gold project in British Columbia, having received a first US$22.5 million instalment from the sale of a 1.5% NSR to Wheaton Precious Metals for US$55 million, and initiated a fully funded feasibility study in Q2 2026 aimed at enabling a construction decision in 2028.
Spanish Mountain Gold (OTCQB: SPAUF) reported assay results from ten diamond drill holes (26-DH-1381 to 26-DH-1390) from its 2026 Feasibility Drill Program at the Spanish Mountain Gold project in British Columbia. Approximately 18,500 m of a planned 60,000 m program have been completed, with results for 16 holes pending.
Key intercepts include hole 26-DH-1390 with 252.3 m grading 0.82 g/t gold from 75.5 m, including 93.5 m at 1.32 g/t and a higher-grade 5.2 m at 3.23 g/t, plus 106.9 m at 0.55 g/t from 220.9 m. Other notable holes are 26-DH-1386 (93.0 m at 0.60 g/t, including 10.0 m at 2.19 g/t) and 26-DH-1388 (279.0 m at 0.35 g/t, including 69.0 m at 0.75 g/t). The fully funded feasibility study, supported in part by a US$55 million sale of a 1.5% NSR to Wheaton Precious Metals, is targeted for completion by early 2028 to enable a construction decision in 2028.
Spanish Mountain Gold (OTCQB: SPAUF) reported assay results from seven diamond drill holes (26-DH-1374 to 26-DH-1380) from its 2026 feasibility drill program at the Spanish Mountain project in British Columbia. The campaign targets a planned 60,000 m, of which approximately 17,143 m are completed; assays for 19 additional holes are pending.
Key results include 26-DH-1376 with 303.18 m of 0.50 g/t gold from 76.02 m, including 80.15 m of 0.83 g/t and 27.2 m of 1.92 g/t gold, and 26-DH-1379 with 107.0 m of 0.56 g/t gold from 221.0 m including 53.1 m of 0.85 g/t. Hole 26-DH-1378 returned 243.1 m of 0.38 g/t gold from 39.55 m, featuring 60.65 m of 0.93 g/t and a 0.7 m interval at 56.61 g/t. Eastern holes 26-DH-1375, 26-DH-1377 and 26-DH-1380 confirm near-surface mineralization along the Orca Fault Corridor. All assays were processed under a detailed QAQC program using MSALABS PhotonAssay™ and multi-element ICP methods.
Spanish Mountain Gold (OTCQB: SPAUF) reported assay results from seven 2026 feasibility diamond drill holes at its Spanish Mountain project in British Columbia.
Highlights include 69.20 m of 0.74 g/t and 77.85 m of 0.70 g/t gold, confirmation of Orca Fault Corridor continuity, a new ‘F fault’ exploration target, and acquisition of five adjacent mineral claims for $42,250 in shares.
Spanish Mountain Gold (OTCQB: SPAUF) reported assay results from eight diamond drill holes in its 2025-2026 program at the Spanish Mountain project in British Columbia.
Highlights include 100.0 m of 1.00 g/t Au, 100.1 m of 0.88 g/t Au, and 339.0 m of 0.51 g/t Au within the Orca Fault Corridor.
Spanish Mountain Gold (OTCQB: SPAUF) reported assay results from 21 diamond drill holes at its Spanish Mountain Gold project in British Columbia, part of the 2025-2026 drill program totaling 25,588 m to date.
Key holes along the Orca Fault Corridor returned long mineralized intercepts, including 116.60 m at 0.60 g/t gold (26-DH-1355), 145 m at 0.52 g/t (26-DH-1343), 167.50 m at 0.52 g/t (26-DH-1346), and 115.32 m at 0.57 g/t near surface (26-DH-1350). The company has started a feasibility study and a 60,000 m 2026 drill program, with assays pending for 23 additional holes.