Spanish Mountain Gold Announces Work
Programs for 2011: Drilling In Excess of 17,000 Metres
Planned
View this News Release in PDF Format
Spanish Mountain Gold Ltd. ("the Company") (SPA-TSXV) is
pleased to announce details of its work programs to be completed on the
Company's projects during the coming field season.
Spanish Mountain Gold Project
The drilling for the 2011 work program will commence in mid-March. The planned work
will focus on the following:
- In-fill drilling of at least
13,000 metres within the Main and North Zones
with the objective of upgrading mineralization from Inferred to Measured
and Indicated categories. Data obtained from this drilling will be used to
update the existing geological resource and will provide information to
aid the design of an optimized open pit.
- Step-out drilling to establish
the potential to expand the current resource of both the Main Zone
(towards the west) and the North Zone (towards the northwest and
southeast). Targets for this drilling are based on new mineralized
intercepts encountered during the 2010 program.
- Continued environmental
baseline sampling and ongoing design of the potential tailings storage
location, mill-site arrangement and waste rock storage facilities.
Cedar Creek
The Cedar Creek property represents the western
extension of the Spanish Mountain project. A recent review of historical
exploration data has identified two significant geochemically anomalous trends
that the Company believes warrant further examination. At least 4,000 metres of drilling is expected to commence in May.
Additional soil geochemistry over an area of eight square kilometres will be
conducted during the 2011 season.
Early Stage Exploration Projects
Drilling results to date from the Thunder Ridge
project to the south of Spanish Mountain will be combined with a
re-interpretation of the soil geochemistry of the area to delineate potential
drill targets. The Prince George and Manson properties to the north of Spanish
Mountain are at a preliminary stage and will require further soil geochemistry
work. All three properties were acquired as a result of regional geological
reviews by the Company and the study of their potential is ongoing.
The 2011 work programs will be carried out concurrently with the on-going
economic assessment of the Company's flagship Spanish Mountain project.
Judy Stoeterau, P.Geo., the Company's Vice-President
of Geology and the qualified person as defined under National Instrument
43-101, has reviewed the contents of this news release.
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 no debt and owns 100% of all four gold properties
located in British Columbia. Additional information about the Company and its
project are available on its website: www.spanishmountaingold.com
On Behalf of the Board,
SPANISH MOUNTAIN GOLD LTD.
Brian Groves,
President and CEO
Contact:
Bill Gillies
(604) 601-3651
info@spanishmountaingold.com
or
B&D Capital Partners
(604) 685-6465
www.spanishmountaingold.com
This News
Release contains forward-looking statements. Forward looking statements are
statements which relate to future events. In some cases, you can identify forward-looking
statements by terminology such as "may", "should",
"expects", "plans", "anticipates",
believes", "estimates", "predicts",
"potential", or "continue" or the negative of these terms
or other comparable terminology. These statements are only predictions and
involve known and unknown risks, uncertainties and other factors that may cause
our actual results, level of activity, performance or achievements to be
materially different from any future results, levels of activity, performance,
or achievements expressed or implied by these forward-looking-statements.
Management has assumed that these will be our major projects going forward.
Risks include that we are unable to satisfy environmental or other regulators,
that we determine that our resources are not commercially viable, or that we
have difficulties due to unavailability of labour or equipment.
While these forward-looking
statements, and any assumptions upon which they are based, are made in good
faith and reflect our current judgment regarding the direction of our business,
actual results will almost always vary, sometimes materially, from any
estimates, predictions, projections, assumptions or other future performance
suggests herein. Except as required by applicable law the Company does not intend to update any forward-looking statements to
conform these statements to actual results.
Copyright �
2011 SPANISH MOUNTAIN GOLD LTD. (SPA) All rights
reserved. For more information visit our website at http://www.spanishmountaingold.com or send email to info@spanishmountaingold.com ..