Spanish Mountain Gold Expands Orca Fault Mineralization with High-Grade Intercepts — Spanish Mountain Gold Ltd.

Event summary

Spanish Mountain Gold intersected 80.15 meters of 0.83 g/t gold, including 27.2 meters of 1.92 g/t gold, in its feasibility study drill program.
The drilling confirmed structural continuity of the Orca Fault Corridor from near surface to over 370 meters depth.
Approximately 17,143 meters of a planned 60,000-meter drilling program has been completed to date.
The company received US$22.5 million from Wheaton Precious Metals for a 1.5% NSR in May 2026.

The big picture

Spanish Mountain Gold's latest drill results reinforce the structural continuity and high-grade potential of the Orca Fault Corridor, a critical factor for the project's feasibility. The company's strategic partnership with Wheaton Precious Metals provides substantial funding to support its ambitious drilling program and feasibility study, positioning it to make a construction decision by 2028. This development aligns with broader industry trends of resource expansion and optimization in the precious metals sector.

What we're watching

Resource Expansion: Whether the high-grade intercepts will significantly enhance the project's mineral resource estimate.
Feasibility Study Progress: The pace at which the remaining 60,000-meter drilling program will be completed and its impact on the feasibility study timeline.
Funding Utilization: How Spanish Mountain Gold will allocate the US$55 million from Wheaton Precious Metals to advance the project towards construction.