Spanish Mountain Gold Expands Mineralization in Feasibility Drill Program
Event summary
- Spanish Mountain Gold intersected 252.3 meters of 0.82 g/t gold, including 93.5 meters of 1.32 g/t gold in its feasibility drill program.
- Approximately 18,500 meters of a planned 60,000-meter 2026 Feasibility Drill Program have been completed to date.
- The company received the first installment of US$22.5 million from Wheaton Precious Metals for a 1.5% NSR sale in May 2026.
The big picture
Spanish Mountain Gold's expanded mineralization results are strategically significant as they position the company to make a construction decision for its Spanish Mountain Gold project by early 2028. The feasibility study, fully funded by the US$55 million NSR sale to Wheaton Precious Metals, aims to optimize financial outcomes while minimizing environmental impact and creating sustainability for communities.
What we're watching
- Drill Program Progress
- The pace at which Spanish Mountain Gold completes its planned 60,000-meter drill program will impact the feasibility study timeline.
- Feasibility Study Outcomes
- Whether the expanded mineralization results will enhance the proposed life-of-mine plan in the first 10 years of production.
- Financial Milestones
- How the receipt of the remaining installments from Wheaton Precious Metals will support the company's path to a construction decision in 2028.
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