VANCOUVER, British Columbia, July 14, 2026--(BUSINESS WIRE)--Spanish Mountain Gold Ltd. (the "Company" or "Spanish Mountain Gold") (TSX-V: SPA) (FSE: S3Y) (OTCQB: SPAUF) is pleased to provide assay results from seven diamond drill holes on the Spanish Mountain Gold project (the "Project"), located in the Cariboo Gold Corridor, British Columbia, Canada.
The assay results from these drill holes are part of the 2026 Feasibility Drill Program, which was initiated in March 2026 with the objective of increasing resource confidence (infill drilling) and expanding on the current mineral resource. Approximately 17,143 metres ("m") of a planned 60,000 m drilling program has been completed to date. This news release presents results for holes 26-DH-1374 to 26-DH-1380. Assay results are pending for 19 additional drill holes.
Highlights:
26-DH-1376, collared 75 m northeast of 26-DH-1363, returned 303.18 m of 0.50 g/t gold from 76.02 m, including 80.15 m of 0.83 g/t gold from 205.0 m with a higher-grade subset of 27.2 m of 1.92 g/t gold from 242.8 m, cross-cutting multiple Orca-style higher-grade structures on the western side of the Main Deposit.
26-DH-1379, collared 50 m northeast of 26-DH-1376, intersected three separate Orca-style mineralization zones, including a broader interval of 107.0 m of 0.56 g/t gold from 221.0 m with a higher-grade subset of 53.1 m of 0.85 g/t gold from 270.9 m.
26-DH-1378, collared 210 m southeast of 26-DH-1359, intersected 60.65 m of 0.93 g/t gold from 39.55 m and encountered mineralization in the southern part of the deposit between Fault 2 and Fault 3, within the Years 5–10 life-of-mine shells.
26-DH-1375 and 26-DH-1377 extending the Orca Fault Corridor on the eastern margin of the main deposit returned near-surface mineralization starting from 90.2 m and 15.0 m, respectively. 26-DH-1375 intersected 95.0 m of 0.40 g/t gold from 49.0 m, including 34.8 m of 0.78 g/t gold from 90.2. 26-DH-1377 intersected 135 m of 0.32 g/t gold from 15.00 m including 81.25 m of 0.40 g/t gold from 38.5 m.
Key Findings - 7 Drill Holes
The drilling in the western side of the deposit - tested by 26-DH-1374, 26-DH-1376, and 26-DH-1379 (Sections A-A' and B-B') crosscuts multiple higher-grade zones associated with the Orca Fault Corridor, with results confirming structural continuity from near surface to over 370 m depth.
The southern part of the Main Deposit - tested by 26-DH-1378 (Section C-C'), collared 210 m southeast of 26-DH-1359 - encountered gold mineralization between Fault 2 and Fault 3, within the Years 5–10 life-of-mine shells defined in the 2025 Preliminary Economic Assessment (see news release from July 3, 2025).
The eastern part of the Main Deposit - tested by 26-DH-1375 and 26-DH-1377 - continues to deliver higher-grade near-surface mineralization relative to the 2025 MRE (see news release from July 3, 2025) starting from 15.0 m (26-DH-1377) and 90.2 m (26-DH-1375), helping to delineate the structural controls interpreted as part of the Orca Fault Corridor at the eastern margin of the Main Deposit.
Higher-grade subsets including 27.2 m of 1.92 g/t gold from 242.8 m (26-DH-1376), 53.1 m of 0.85 g/t gold from 270.9 m (26-DH-1379), and 60.65 m of 0.93 g/t gold from 39.55 m (26-DH-1378) are consistent with Orca-style vein clusters and reinforce the structural model across all three drilled areas.