Spanish Mountain Gold (SPA.TSXV announced additional results of the in-fill drilling program within the Main and North Zones of its Spanish Mountain Gold Project in central British Columbia, Canada. The results represent approximately an additional 30% of the total planned drill holes that are designed to upgrade mineralization from the Inferred to Measured and Indicated categories, test for extensions to gold mineralization laterally and at depth – and to optimize the design of pit walls.
The final 40% of results are expected to be available within eight weeks. The results of the drilling conducted to date continue to confirm the continuity of potentially economic mineralization in areas presently classified as inferred resources. Full Spanish Mountain Gold News Release.
- 321.5 meters grading 0.65 g/t gold including 50m grading 1.03g/t gold – including 14.27m grading 2.12g/t gold in hole 11-DDH-961 at the Main Zone.
- 284.50m grading 0.50 g/t gold including 66.5m grading 1.35g/t gold in hole 11-DDH-951 at the Main Zone.
- 123.00m grading 0.91g/t gold in hole 11-DDH-950 at the North Zone.
"This Canadian gold mining development company has a market cap of about $74 million and has, by my calculations, some of the cheapest in-the-ground gold in the world that is located in a politically stable country."
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