Northwire Canada EditionFriday, July 10, 2026
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GRSL 0.320 +6.7% DEX 0.385 −1.3% WMS 0.040 +0.0% EMPR 0.820 −4.7% SAGA 0.480 −2.0% ABX 52.22 +3.3% CGM 0.250 +2.0% OGN 3.38 +0.6% ALS 62.23 +2.5% JZR 0.235 −6.0% TECT 2.18 +6.9% EQX 13.81 +3.1% OLA 13.79 +3.2% LME 0.190 +0.0% MNO 1.65 +0.0% DML 4.49 +2.0% GRSL 0.320 +6.7% DEX 0.385 −1.3% WMS 0.040 +0.0% EMPR 0.820 −4.7% SAGA 0.480 −2.0% ABX 52.22 +3.3% CGM 0.250 +2.0% OGN 3.38 +0.6% ALS 62.23 +2.5% JZR 0.235 −6.0% TECT 2.18 +6.9% EQX 13.81 +3.1% OLA 13.79 +3.2% LME 0.190 +0.0% MNO 1.65 +0.0% DML 4.49 +2.0%
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 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 Mar 10, 2026 · 07:30

Transitioning from explorer to developer in BC’s Cariboo Gold Corridor

Drill Results Mar 02, 2026 · 17:59

Spanish Mountain talks Phoenix ore sorting gains

Production / Operations