- Spanish Mountain Gold (SPA) provides updates on environmental assessment & project optimization
- Work programs which are currently underway are built on the successful completion of the pre-feasibility study
- Over the past six months, Spanish Mountain has signed engagement agreements with all three First Nations whose traditional territories include the project area
- On June 2, they held two open house information sessions in the town of Likely, BC
- More than 50 community members attended, providing management with an opportunity to present information as well as to receive feedback from the attendees
- Spanish Mountain Gold Ltd. (SPA) is sitting at C$0.18 at 1:27 pm EST
Spanish Mountain Gold (SPA) has reported progress on several value-added initiatives for the Spanish Mountain Gold Project in British Columbia.
The work programs currently underway have been built on the successful completion of the pre-feasibility study.
For this study, a multi-million-ounce mineral reserve and a 14-year mine plan have been delineated.
The formal regulatory process first started in March 2022, with the submission of the project’s initial project description and acceptance by the provincial and federal agencies within 30 days.
On an ongoing basis, senior management meets regularly with the agencies and representatives from the First Nations and surrounding communities to keep all stakeholders informed.
Over the past six months, Spanish Mountain has signed engagement agreements or started negotiation of life-of-mine relationship agreements with all three First Nations whose traditional territories include the project area.
It was important for the company to initiate in-person meetings with local stakeholders on June 2, 2022, so they held two open house information sessions in the town of Likely, BC.
It was no mistake to hold the meeting at this location, as it was around 6 kilometres from the proposed mine.
More than 50 community members attended, providing management with an opportunity to present information and receive feedback from the attendees.
In the future, the First Nations communities will remain highly important to the company. Management will continue to meet with the First Nations as it advances the project through the regulatory stages.
It has engaged an independent expert consultant to conduct a targeted metallurgical program to optimize further the milling process incorporated in the PFS.
Spanish Mountain is still going to go forward and is on track with its Phase 2 of the program later in the year.
This program will include lithology composites to optimize further the flowsheet, followed by confirmation test work on variability composites.
Upon completion of the exercise, the optimized flowsheet and processing configuration will form the basis for the definitive feasibility study.
Larry Yau, Chief Executive Officer, praised the team and their achievements and is looking forward to future work.
“I am confident that we can leverage this to enhance further our performance in operational metrics as well as issues in respect of Environmental, Social & Governance.”
Spanish Mountain Gold Ltd. is focused on advancing its 100 per cent-owned Spanish Mountain gold project in southern central British Columbia.
Spanish Mountain Gold Ltd. (SPA) is sitting at C$0.18 at 1:27 pm EST.