Business
Spanish Mountain Gold Commences Field Programs for 2018
Vancouver, British Columbia--(Newsfile Corp. - June 19, 2018) - Spanish Mountain Gold Ltd. (...
About this update from Spanish Mountain Gold Ltd.
[{"type":"text","content":"Spanish Mountain Gold Commences Field Programs for 2018Vancouver, British Columbia--(Newsfile Corp. - June 19, 2018) - Spanish Mountain Gold Ltd. (TSXV: SPA) (the \"Company\") is pleased to announce the commencement of a series of field programs for its Spanish Mountain gold project (the \"Project\") located in British Columbia, Canada. The planned programs were previously disclosed in a news release dated March 1, 2018.The Company's permanent exploration camp near Likely, B.C., has been re-opened to accommodate staff and work crews while the field work is being conducted. The Phase One of the 2018 program will include activities as follows:Archeological Impact AssessmentThe Archeological Impact Assessment is a critical component of the Project's permitting process for future drilling, development and construction. The proposed open pit area has previously been investigated and found to be free of any archeological concerns. The current AIA program will assess the remaining project area to ensure that any issues of archaeological significance will be effectively addressed prior to other field work being undertaken and will enable further development work in these areas to be completed without delay. Consistent with its longstanding practice, the Company will collaborate extensively with field technicians and heritage specialists representing the local First Nations communities throughout the AIA process.Confirmatory Metallurgical TestworkThe Company has conducted extensive metallurgical testwork for the Project at three independent laboratories and in the latest Preliminary Economic Assessment has reported a robust flowsheet incorporating flotation followed by cyanidation of the concentrate that achieves a consistent high gold recovery. The cyanidation circuit is projected to process in the order of 3% of the plant feed. The current program will obtain fresh sample material totaling approximately 4 tonnes for a metallurgical testwork program that will provide the detailed information required for the design and costing of the process plant. This program will be directed by independent metallurgical consultants.Exploration Drilling Program—the Phoenix ZoneWhile the latest PEA incorporates only mining of the resource's high grade core (the First Zone), the Project's growing resource size, along with the Phoenix Zone, have t...