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Spanish Mountain Gold Reports Results From 21 Drill Holes at Its Cariboo Project

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Spanish Mountain Gold (SPA.V) on Tuesday reported assay results from 21 diamond drill holes completed at its Spanish Mountain Gold project in British Columbia's Cariboo Gold Corridor.

The company said it has completed about 25,588 meters of drilling so far under its 2025-2026 drilling program, including 11,600 metres of a planned 60,000-metre feasibility study drilling program launched in March 2026. Assay results from 23 additional drill holes are still pending.

Several drill holes reported intersected visible gold in quartz veins. Hole 26-DH-1338 returned 21.53 grams per tonne (gp/t) of gold over 0.5 meters within a broader interval of 116 meters grading 0.44 g/t gold "confirming that the Orca Fault Corridor is the primary control of higher-grade intervals within the near-surface deposit", the company said.

"Crews have been mobilized to site with two diamond drill rigs focused on infill drilling on the Main deposit and one sonic rig dedicated to groundwater and geotechnical drilling. Additional diamond drill rigs will be mobilized to site in the coming months that will result in regular news flow as assay results are received and reported," Chief Executive Peter Mah said.

The company's shares closed up $0.005 to $0.35 on the TSX Venture Exchange.

Price: $0.35, Change: $+0.01, Percent Change: +1.45%

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