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Spanish Mountain Gold Ltd. (TSX-V: SPA, OTC: SPAZF) is a Canadian exploration-stage company focused on the advancement of its Spanish Mountain gold project in British Columbia. The project features multi-phase gold mineralization and has been the subject of ongoing exploration, drilling, and economic assessments. The company continues to explore both near-surface and deeper targets to expand the scale and continuity of the deposit.
The company has reported the results from its recently concluded 10,000-meter winter diamond drilling campaign at its flagship Spanish Mountain Gold project in British Columbia. The campaign focused on evaluating multiple target areas outside the boundaries of its 2021 prefeasibility study (PFS) mineral resource estimate, revealing additional mineralized zones and structural insights.
The most notable result came from a step-out drill hole located about 300 meters northwest of a previous high-grade intercept at the K-Zone. This hole returned 100.49 meters grading 0.49 grams per tonne (g/t) gold, beginning at a depth of 300 meters. Within that broader interval, the hole intersected a 15-meter section grading 1.29 g/t gold, which included a 1-meter interval assaying 12.13 g/t gold and containing visible gold.
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