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GOLD 4424.90 +0.6% SILVER 67.15 +1.6% COPPER 6.69 +0.5% OIL 96.08 −5.7% PALLADIUM 1319.50 +1.3% ARIC 0.760 −1.3% DCOP 0.095 +0.0% GLO 0.620 +3.3% CCM 0.770 +1.3% FAN 0.750 +2.7% FL 0.450 −1.6% BGF 0.030 +0.0% KLD 2.25 −0.4% SLVR 1.17 +1.7% LEM 0.250 +0.0% GENM 0.610 −3.2% SICO 9.80 +1.0% CTV 0.125 +0.0% CTM 0.140 +0.0% RSMX 0.110 −4.3% FT 0.145 +3.6% GOLD 4424.90 +0.6% SILVER 67.15 +1.6% COPPER 6.69 +0.5% OIL 96.08 −5.7% PALLADIUM 1319.50 +1.3% ARIC 0.760 −1.3% DCOP 0.095 +0.0% GLO 0.620 +3.3% CCM 0.770 +1.3% FAN 0.750 +2.7% FL 0.450 −1.6% BGF 0.030 +0.0% KLD 2.25 −0.4% SLVR 1.17 +1.7% LEM 0.250 +0.0% GENM 0.610 −3.2% SICO 9.80 +1.0% CTV 0.125 +0.0% CTM 0.140 +0.0% RSMX 0.110 −4.3% FT 0.145 +3.6%
Drill Results Routine +

Spanish Mountain Gold Reports 100 Metres of 1.00 Gram Per Tonne Gold as Part of Its Feasibility Study Drill Program

Spanish Mountain advances its feasibility study with high-grade Orca Fault intercepts, fully funded by a Wheaton Royalty agreement.

By The Northwire Desk — AI Analysis Jun 15, 2026 · 07:30 SPA · 0.315 Spanish Mountain Gold Ltd.
Executive Summary
  • Spanish Mountain Gold reported assay results from eight diamond drill holes completed as part of its 2025-2026 Feasibility Drill Program.
  • Key intercepts include 100.1 m @ 0.88 g/t Au, 221.8 m @ 0.74 g/t Au, and 339.0 m @ 0.51 g/t Au within the Orca Fault Corridor.
  • Approximately 28,500 meters of drilling have been completed toward a planned 60,000-meter program.
  • Drilling is optimized at a 120° azimuth and -60° dip to better intersect late-stage mineralization.
  • The Feasibility Study is fully funded by a US$55 million 1.5% NSR sale to Wheaton Precious Metals, targeting a construction decision in 2028.
Material Impact
  • The drill results are consistent with previous announcements, confirming grade continuity and structural controls along the Orca Fault Corridor.
  • Results meet or exceed the 2025 PEA block model predictions, supporting the geological model for the feasibility study.
  • The news is incremental and expected as part of the ongoing 60,000-meter feasibility drill program.
  • No new surprises or material deviations from prior guidance; the program is progressing as planned.
  • Prior-period context: The company previously reported similar high-grade intercepts in the Orca Fault area throughout late 2025 and early 2026, extending mineralization over 530m strike length.
SPA · Price
Company Overview
  • Spanish Mountain Gold Ltd. is an emerging gold developer advancing the Spanish Mountain Gold Project in the Cariboo Gold Corridor, British Columbia.
  • Flagship project: Spanish Mountain Gold Project, featuring the Main Deposit and Phoenix Deposit.
  • The project envisions a large-scale, low-cost open-pit mine targeting ~3 million ounces of gold over a 24.5-year mine life.
  • The 2025 PEA indicated a base-case after-tax NPV5% of C$1.025 billion at US$2,450/oz gold, with an initial capital cost of C$1.25 billion.
  • The company is transitioning from exploration to development, with a feasibility study underway and a construction decision targeted for 2028.
Read the original news release →

More from Spanish Mountain Gold Ltd.

Jul 27, 2026 · 07:27

Spanish Mountain’s 252m @ 0.82 g/t Au at Orca Fault supports its feasibility study.

Drill Results Jul 14, 2026 · 07:30

Spanish Mountain’s infill and step-out drilling at the Orca Fault delivered in-line grades without providing a re-rate catalyst for the deposit.

Drill Results Jul 06, 2026 · 07:00

Spanish Mountain’s infill drilling at the Orca Fault returned modest gram-metres, overshadowed by prior high-grade hits.

Drill Results Jun 02, 2026 · 15:00

Spanish Mountain Gold Advances Feasibility Study With Wheaton Funding, Confirms Grade Continuity Along Orca Fault

Drill Results May 01, 2026 · 18:12

Spanish Mountain Gold Secures Wheaton Financing Milestone, De-Risks Feasibility Phase

Financings Apr 21, 2026 · 00:05

Wheaton Deal Validates Project but Capex Gap Looms

Financings