Welcome to our dedicated page for Spanish Mtn Gold news (Ticker: SPAUF), a resource for investors and traders seeking the latest updates and insights on Spanish Mtn Gold stock.
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 (OTCQB: SPAUF) has announced a debt settlement agreement with Whittle Consulting Ltd. to resolve an outstanding debt of $379,720. The settlement terms include a cash payment of $14,320 and the issuance of 2,110,919 common shares at $0.1731 per share.
The debt stems from past services provided by Whittle Consulting Ltd. The completion of this settlement is contingent upon TSX Venture Exchange approval, and the issued shares will be subject to a four-month-plus-one-day statutory hold period.
Spanish Mountain Gold (OTCQB:SPAUF) has announced a new Preliminary Economic Assessment (PEA) for its Spanish Mountain Gold Project in British Columbia, revealing significant economic potential. At a base case gold price of US$2,450/oz, the project demonstrates an after-tax NPV5% of C$1.0 billion with an 18.2% IRR and 3.4-year payback period.
The project features a 24.5-year mine life with projected production of 3 million ounces of gold. The first five years will see average annual production of 203,265 oz at an AISC of US$1,024/oz. Initial capital expenditure is estimated at C$1,250 million. The project boasts high resource confidence with 98.4% of resources in Measured and Indicated categories.
Using current spot gold price of US$3,300/oz, the project's economics improve substantially to an NPV5% of C$2.3 billion, 32.0% IRR, and 2.0-year payback period.
[ "After-tax NPV5% of C$1.0 billion with 18.2% IRR at base case gold price", "Substantial production profile of 203,265 oz gold annually in first 5 years", "Long mine life of 24.5 years with 3 million ounces total gold production", "High resource confidence with 98.4% in Measured and Indicated categories", "Strong economics at current gold prices: NPV5% C$2.3 billion with 32% IRR", "Innovative de-risked tailings facility with 100% process water reuse", "Strategic location with existing infrastructure and power access" ]Spanish Mountain Gold (SPAUF) has reported exceptional high-grade gold intercepts from its 2025 winter exploration diamond drill program at the Spanish Mountain Gold project in British Columbia's Cariboo Gold Corridor. The ongoing 10,000m program, which is 73% complete, has yielded the highest grades in the project's exploration history.
Key highlights from the K-Zone include:
- Hole 25-DH-1286: 139.00m grading 4.18 g/t Au, including exceptional grades of 719.26 g/t Au over 0.75m
- Hole 25-DH-1284: 55.70m grading 0.41 g/t Au, including 9.70m at 1.83 g/t Au
- Hole 25-DH-1285: 39.00m grading 0.99 g/t Au, including 1.00m at 34.59 g/t Au
Visible gold was observed in multiple drill holes, confirming the high-grade nature of the K Zone Target. The results validate the company's new geological model and demonstrate potential for more high-grade mineralization within 200m of surface.
Spanish Mountain Gold (SPAUF) has announced significant results from its 2025 winter exploration diamond drill program at the Spanish Mountain Gold project in British Columbia's Cariboo Gold Corridor. The program revealed multiple near-surface and high-grade gold intercepts across several zones:
In the Main Zone, hole 25-DH-1281 intersected 123.00 metres grading 1.08 g/t gold, including sections with up to 24.56 g/t gold. The Outcropping Tuff target showed promising results with hole 25-DH-1275 intersecting 62.20m grading 0.60 g/t gold, including high-grade sections up to 10.49 g/t gold.
The Phoenix target demonstrated extensive mineralization, with hole 25-CCR-050 yielding 246.50m grading 0.38 g/t gold. The Slipper Zone exploration extended gold mineralization 320m northwest of the 2021 resource pit outline, with notable intersections including 78.00m grading 0.31 g/t gold.
Spanish Mountain Gold (TSX-V: SPA, FSE: S3Y, OTCQB: SPAUF) has announced the engagement of German Mining Networks GmbH (GMN) to provide marketing and investor relations services in Europe, pending TSX Venture Exchange approval. The Frankfurt-based firm will focus on increasing Spanish Mountain Gold's investor awareness across Europe.
The initial engagement is set for three months with a total fee of $20,400, paid in monthly installments of $6,800. The company has the option to extend the engagement on a monthly basis at $6,800 per month after the initial period. All expenses will be covered from working capital.
Spanish Mountain Gold (TSX-V: SPA, FSE: S3Y, OTCQB: SPAUF) has announced a change in its trading symbol on the OTCQB Venture Market from 'SPAZF' to 'SPAUF', effective immediately. The OTCQB Venture Market serves as the premier marketplace for early-stage and developing U.S. and international companies, including those in mining and natural resources.
Additionally, the company has granted 450,000 stock options to its officers, including 150,000 options to its Vice President Investor Relations and Corporate Development. These options can be exercised at $0.135 per share over a 10-year term, subject to the company's stock option plan provisions.