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SPA Spanish Mountain Gold Ltd.

0.10
0.00 (0.00%)
Last Updated: 15:28:24
Delayed by 15 minutes
Share Name Share Symbol Market Type
Spanish Mountain Gold Ltd. TSXV:SPA TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.10 0.10 0.105 0.10 0.10 0.10 127,900 15:28:24

Spanish Mountain Gold Commences Drilling Program

03/07/2014 5:33pm

Marketwired Canada


Spanish Mountain Gold Ltd. ("the Company") (TSX VENTURE:SPA) today announced
that it has commenced a drilling program at it Spanish Mountain Gold project
located approximately 6 kilometres from the community of Likely, B.C.


The current drilling is focussed on the central portion of the deposit (the
Phase 1 pit as proposed in the Preliminary Economic Assessment announced in
November, 2012) and is designed to provide additional information in previously
drilled areas where higher grade mineralization is located. The Company has
retained Northspan Explorations to complete a minimum of 4,000 metres of reverse
circulation drill holes.


The Company recently (see May 8, 2014 news release) announced that it had filed
on SEDAR an updated NI 43-101 resource estimate for the Spanish Mountain
project.


About Spanish Mountain Gold

Spanish Mountain Gold Ltd. is focused on the responsible development of its
flagship Spanish Mountain gold project in southern central British Columbia,
Canada. The Company has a strong cash position with no debt and owns 100% of
four gold properties located in British Columbia. Additional information about
the Company is available on its website: www.spanishmountaingold.com


On Behalf of the Board,

SPANISH MOUNTAIN GOLD LTD.

Morris Beattie, Chief Executive Officer

FORWARD LOOKING STATEMENTS: Certain of the statements and information in this
press release constitute "forward-looking statements" or "forward-looking
information" Any statements or information that express or involve discussions
with respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance (often, but not always,
using words or phrases such as "expects", "anticipates", "believes", "plans",
"estimates", "intends", "targets", "goals", "forecasts", "objectives",
"potential" or variations thereof or stating that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur or be
achieved, or the negative of any of these terms and similar expressions) are not
statements of historical fact and may be forward-looking statements or
information.


Forward-looking statements or information relate to, among other things, the
timing and scope of NI 43-101 technical reports in respect of the Spanish
Mountain Gold Project, including a prefeasibility study and subsequent
feasibility study.


Forward-looking statements or information are subject to a variety of known and
unknown risks, uncertainties and other factors that could cause actual events or
results to differ from those reflected in the forward-looking statements or
information, including, without limitation, risks relating to: results from
infill and exploration drilling, geotechnical studies, metallurgical studies,
planning of tailings facilities, access to power supply, fluctuations in the
spot and forward price of gold or certain other commodities; timing of receipt
of permits and regulatory approvals; the sufficiency of the Company's capital to
finance the Company's operations; geological interpretations and potential
mineral recovery processes, changes in national and local government
legislation, taxation, controls, regulations and political or economic
developments in Canada or other countries in which the Company may carry on
business in the future; the uncertainties involved in interpreting geological
data; business opportunities that may be presented to, or pursued by, the
Company; operating or technical difficulties in connection with mining
activities; the speculative nature of gold exploration and development,
including the risks of obtaining necessary licenses and permits; diminishing
quantities or grades of reserves; and contests over title to properties,
particularly title to undeveloped properties. In addition, there are risks and
hazards associated with the business of gold exploration, development and
mining, including environmental hazards, industrial accidents, unusual or
unexpected formations, pressures, cave-ins, flooding and gold bullion losses
(and the risk of inadequate insurance, or the inability to obtain insurance, to
cover these risks).


This list is not exhaustive of the factors that may affect any of the Company's
forward-looking statements or information. Forward-looking statements or
information are statements about the future and are inherently uncertain, and
actual achievements of the Company or other future events or conditions may
differ materially from those reflected in the forward-looking statements or
information due to a variety of risks, uncertainties and other factors,
including, without limitation, those referred to in the Company's continuous
disclosure documents under the heading "Risk Factors". Although the Company has
attempted to identify important factors that could cause actual results to
differ materially, there may be other factors that cause results not to be as
anticipated, estimated, described or intended. Accordingly, readers should not
place undue reliance on forward-looking statements or information.


The Company's forward-looking statements and information are based on the
assumptions, beliefs, expectations and opinions of management as of the date of
this press release, and other than as required by applicable securities laws,
the Company does not assume any obligation to update forward-looking statements
and information if circumstances or management's assumptions, beliefs,
expectations or opinions should change, or changes in any other events affecting
such statements or information. For the reasons set forth above, investors
should not place undue reliance on forward-looking statements and information.


Cautionary Note Regarding Mineral Resources and Mineral Reserves

Readers are advised that National Instrument 43-101 of the Canadian Securities
Administrators requires that each category of mineral reserves and mineral
resources be reported separately. Readers should refer to the Company's current
technical reports and other continuous disclosure documents filed by the
Company, available on SEDAR at www.sedar.com for further information the mineral
resource estimates of the Company's projects, which are subject to the
qualifications and notes set forth therein, as well as for additional
information relating to the Company more generally.


Mineral resources which are not mineral reserves, have a great amount of
uncertainty as to their existence and do not have demonstrated economic or legal
viability. Inferred mineral resources have insufficient confidence to allow the
meaningful application of technical and economic parameters or to enable an
evaluation of economic viability suitable for public disclosure. Neither the
Company, nor readers, should assume that all or any part of an inferred mineral
resource will be upgraded to indicated or measured mineral resources. Most
projects at the inferred mineral resource stage do not ever form the basis of
feasibility or other economic studies, or achieve successful commercial
production. Each stage of a project is contingent on the positive results of the
previous stage and that there is a significant risk that the results may not
support or justify moving to the next stage.


Neither TSX Venture Exchange nor its Regulations Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Spanish Mountain Gold Ltd.
Morris Beattie
Chief Executive Officer
(604) 601-3651
info@spanishmountaingold.com
www.spanishmountaingold.com

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