Spanish Mountain Gold Ltd. is pleased to announce that it has closed a non-brokered private placement offering of 16,666,666 common share units for gross proceeds of $5,000,000, entirely subscribed by Mr. Eric Sprott. Each Unit consisted of one common share of the Company and one common share purchase warrant . Each Warrant entitles its holder to purchase one common share at a price of $0.45 per share for a period of two [...]
Spanish Mountain Gold Ltd. is pleased to announce that the Company has arranged a private placement of units at $0.30 per unit for gross proceeds of $5,000,000 , subscribed by Mr. Eric Sprott. Each Unit will consist of one common share of the Company and one common share purchase warrant . Each Warrant will entitle the holder to purchase one common share at a price of $0.45 per share for a period of two years. The [...]
Spanish Mountain Gold Ltd. is pleased to announce that preparations have commenced for this summer's field work. This work will advance its Spanish Mountain gold project based on the 10,000 tonnes-per-day concept outlined in a Preliminary Economic Assessment , the results of which were announced in a news release dated October 23, 2019. The PEA is based on the proposed first phase of the Project that would process an [...]
Spanish Mountain Gold Ltd. is pleased to announce that it has closed a non-brokered private placement offering of 40,000,000 common share units for gross proceeds of $4,000,000. Management has determined that it is in the best long-term interest of the Company to upsize the Offering in order to accommodate a highly respected mining investor, Mr. Eric Sprott. Each Unit consisted of one common share of the Company and one [...]
Spanish Mountain Gold Ltd. announces that it is increasing its previously announced non-brokered private placement offering to $4,000,000. Each Unit will be sold at a price of $0.10 per Unit and will consist of one common share of the Company and one common share purchase warrant . Each Warrant will entitle the holder to purchase one common share at a price of $0.15 per share for a period of two years. All securities [...]
Spanish Mountain Gold Ltd. announces a non-brokered private placement offering to raise up to $2,000,000 through the issuance of up to 20,000,000 of common share units . Each Unit will be sold at a price of $0.10 per Unit and will consist of one common share of the Company and one common share purchase warrant . Each Warrant will entitle the holder to purchase one common share at a price of $0.15 per share for a period of [...]
Spanish Mountain Gold Ltd. announces multiple measures in response to the challenging business environment resulting from the COVID-19 pandemic. With the priority being the safety for all its employees and consultants, the Company has effected these measures to strengthen its cash position to the maximum extent possible and to ensure sufficient liquidity for the foreseeable future. The Province of British Columbia has not [...]
Spanish Mountain Gold Ltd. is pleased to provide a corporate update on its 100% owned Spanish Mountain gold project located in central British Columbia, Canada. In 2019 the Company completed a Preliminary Economic Assessment for the Project, the positive results of which were announced in a news release dated October 23, 2019 followed by a NI 43-101 Technical Report filed on December 4, 2019. The PEA, the results of which [...]
Spanish Mountain Gold Ltd. is pleased to announce the completion and filing of the National Instrument 43-101 Independent Technical Report for the Company's Spanish Mountain Gold Project located in British Columbia, Canada. The Report relates to the Preliminary Economic Assessment for the high priority near-surface Phase 1 of the Project. The positive results of the PEA, which have been affirmed by the Report, were [...]
Spanish Mountain Gold Ltd. is pleased to announce the results of the Preliminary Economic Assessment for the high priority near-surface Phase 1 Project of the 100% owned Spanish Mountain gold project located in central British Columbia, Canada. The PEA, the commencement of which was announced in a news release dated September 10, 2019, has been prepared in accordance with NI 43-101 Standards of Disclosure for Mineral [...]
Spanish Mountain Gold Ltd. is pleased to announce that the Board of Directors has authorized the Company to proceed with a Preliminary Economic Assessment for the Spanish Mountain Gold Project located in central British Columbia, Canada. The Company expects the PEA to investigate the potential viability of a mining operation with the following parameters: Milling throughput at 10,000 tonnes per day A proposed pit focused [...]
Spanish Mountain Gold Ltd. is pleased to announce the appointment of Sara Heston to the Company's Board of Directors. Ms. Heston is a graduate of Vanderbilt University and Columbia Business School. She is an independent director of the Denver Gold Group and for the past 18 years has been active as an analyst with several hedge funds and including for the past six years as Vice President of Investments with ASA Gold and [...]