Business
Spanish Mountain Gold Receives Positive Particle Ore Sorting Results for the Phoenix Deposit Highlighting Production Upside
VANCOUVER, British Columbia, March 02, 2026--Spanish Mountain Gold Ltd. (the "Company" or "Spanish Mountain Gold") (TSX-V: SPA) (FSE: S3Y) (OTCQB: SPAUF) is pleased to announce the Phase 1 test results for sensor based particle sorting on the gold mineralization from the Phoenix deposit. These results, which essentially reject waste and enhance grades to the process plant, were completed as part of the ongoing trade-off studies as the company prepares to advance its Spanish Mountain Gold ("SMG")
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[{"type":"text","content":"VANCOUVER, British Columbia, March 02, 2026--(BUSINESS WIRE)--Spanish Mountain Gold Ltd. (the "Company" or "Spanish Mountain Gold") (TSX-V: SPA) (FSE: S3Y) (OTCQB: SPAUF) is pleased to announce the Phase 1 test results for sensor based particle sorting on the gold mineralization from the Phoenix deposit. These results, which essentially reject waste and enhance grades to the process plant, were completed as part of the ongoing trade-off studies as the company prepares to advance its Spanish Mountain Gold ("SMG") project towards feasibility. The SMG project is in the Cariboo Gold Corridor, British Columbia, Canada.","length":651,"tagName":"p"},{"type":"text","content":"Highlights:","length":11,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"X-ray transmission ("XRT") results based on the samples tested from the Phoenix deposit show an upgrade potential of two or more times the grade of the sample through a high mass rejection of waste and lower-grade material in the order of 50% to 70% of the feed mass.","length":277,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Particle ore sorting resulted 85% to 92% recovery of gold from the samples.","length":75,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":352,"olType":false},{"type":"text","content":"President and CEO, Peter Mah, stated, "The amenability of the Phoenix gold mineralization to XRT ore sorting is an exciting new opportunity for the project to potentially increase milled grades and expand gold production during the first decade of production for the proposed mine. Ore sorting phase 1 test results show the potential to improve the project scale and economics while derisking portions of the resource, especially lower grade feed. Preconcentrating mineralization essentially moves more gold through the process plant, which could significantly uplift processed grades, gold production and overall project economics. Follow up test work will include overall flow sheet recovery targeting the inclusion of results in a PEA update during H1, 2026."","length":772,"tagName":"p"},{"type":"text","content":"Phoenix deposit – Particle Ore Sorting","length":38,"tagName":"p"},{"type":"text","content":"Spanish Mountain Gold commissioned ABH Engineering ("ABH") Inc. (see...