Spanish Mountain Gold Reports Additional Results for Reverse Circulation Drilling Program

VANCOUVER, Nov. 28, 2013 /CNW/ - Spanish Mountain Gold Ltd. (the "Company") (TSX-V:SPA) is pleased to announce additional assay results from the reverse circulation drilling program currently underway within the Main Zone of its Spanish Mountain Gold Project (the "Project") located in central British Columbia, Canada.  The results presented in this news release represent approximately 25% of the total number of drill holes planned for the current program. Results from the remaining drill holes are expected to be available over the next two months.

Highlights of Drilling Results:

  • 30.48 metres (m) grading 1.57 grams per tonne (g/t) gold in hole 13SMRC-1162
  • 10.67m grading 1.13 g/t gold in hole 13SMRC-1163
  • 10.67m grading 1.76 g/t gold in hole 13SMRC-1169
  • 6.10m grading 1.57 g/t and 9.14m grading 1.69 g/t gold in hole 13MRC-1170
  • 10.67m grading  1.03 g/t gold in hole 13SMRC-1172
  • 9.14m grading  1.35 g/t gold in hole 13SMRC-1173
  • 9.14m grading 1.43 g/t gold in hole 13SMRC-1174

Significant assay results are contained in Table 1 appended to this news release. Drilling is being carried out in the central portion (Phase 1) of the potential open pit as outlined in the Preliminary Economic Assessment (the "PEA") announced on November 14, 2012.  The highlights above were selected relative to the 10 meter bench height anticipated in the PEA.   A map showing the location of the reported drill holes is shown in Figure 1 appended to this news release.

Dr. Morris Beattie, Chief Executive Officer, commented "The current reverse circulation drilling program is continuing to advance as planned and should be completed early in December.  All assay results are expected early in 2014 at which time they will be fully analysed to determine their impact on the project.  We continue to be encouraged by the results to date".

Judy Stoeterau, P.Geo., the Company's Vice-President of Geology and the qualified person as defined under National Instrument 43-101, has reviewed and approved the contents of this news release.   All samples were assayed at ALS Chemex Laboratory in Vancouver, BC.  The Company has retained Discovery Consultants of Vernon, BC, to monitor independently the quality control and quality assurance (QC/QA) data on the Spanish Mountain Gold Project.  Analytical precision and accuracy are being measured and monitored by the use of duplicates, prep and pulp samples and by standards (reference material).  Possible contamination during the sampling and processing procedures is being monitored by the insertion of blank samples.

About Spanish Mountain Gold Ltd.

Spanish Mountain Gold Ltd. is focused on the responsible development of its flagship Spanish Mountain gold project in southern central British Columbia, Canada. The Company has no debt and owns 100% of the Spanish Mountain gold property.

On Behalf of the Board,
SPANISH MOUNTAIN GOLD LTD.

Morris Beattie,
Chief Executive Officer

This News Release contains forward-looking statements. Forward looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking-statements. Management has assumed that these will be our major projects going forward. Risks include that we are unable to satisfy environmental or other regulators, that we determine that our resources are not commercially viable, or that we have difficulties due to unavailability of labour or equipment. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggests herein. Except as required by applicable law the Company does not intend to update any forward-looking statements to conform these statements to actual results.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Table 1: Significant Assay Results

                         
Hole     From     To     Length     Au g/t
13SMRC-1161     12.19     27.43     15.24     0.39
Including     24.38     25.91     1.52     1.49
13SMRC-1161     45.72     50.29     4.57     0.38
13SMRC-1161     56.39     57.91     1.52     0.23
13SMRC-1161     103.63     106.68     3.05     0.40
13SMRC-1161     123.44     124.97     1.52     0.20
13SMRC-1161     176.78     192.02     15.24     0.34
Including     179.83     184.40     4.57     0.52
                         
13SMRC-1162     7.62     38.10     30.48     1.57
including     7.62     30.48     22.86     2.00
and     10.67     12.19     1.52     8.98
and     16.76     18.29     1.52     3.98
and     27.43     30.48     3.05     4.24
13SMRC-1162     48.77     50.29     1.52     0.20
13SMRC-1162     57.91     73.15     15.24     0.24
13SMRC-1162     79.25     96.01     16.76     0.23
including     83.82     85.34     1.52     0.35
including     89.92     96.01     6.10     0.34
13SMRC-1162     111.25     112.78     1.52     0.44
13SMRC-1162     144.78     147.83     3.05     0.23
                         
13SMRC-1163     18.29     28.96     10.67     1.13
including     21.34     24.38     3.05     3.22
and     22.86     24.38     1.52     5.41
13SMRC-1163     44.20     45.72     1.52     3.08
13SMRC-1163     60.96     77.72     16.76     0.55
including     64.01     65.53     1.52     1.19
including     73.15     74.68     1.52     1.24
13SMRC-1163     92.96     132.59     39.62     0.35
including     97.54     102.11     4.57     0.73
including     115.82     118.87     3.05     0.44
including     121.92     123.44     1.52     1.15
13SMRC-1163     144.78     153.92     9.14     0.54
including     150.88     152.40     1.52     1.07
13SMRC-1163     166.12     169.16     3.05     0.51
                         
13SMRC-1164     21.34     22.86     1.52     0.35
13SMRC-1164     28.96     30.48     1.52     0.40
13SMRC-1164     36.58     41.15     4.57     0.49
13SMRC-1164     51.82     53.34     1.52     0.28
13SMRC-1164     77.72     79.25     1.52     0.20
13SMRC-1164     79.25     146.30     67.06     0.57
including     82.30     88.39     6.10     0.63
including     99.06     103.63     4.57     1.25
including     124.97     131.06     6.10     1.27
13SMRC-1164     152.40     160.02     7.62     0.73
including     155.45     156.97     1.52     1.51
13SMRC-1164     169.16     170.69     1.52     0.22
13SMRC-1164     187.45     188.98     1.52     0.20
13SMRC-1164     195.07     199.64     4.57     0.29
including     198.12     199.64     1.52     0.54
                         
13SMRC-1165     2.13     10.67     8.53     0.22
including     2.13     3.66     1.52     0.40
including     6.10     10.67     4.57     0.26
13SMRC-1165     18.29     44.20     25.91     0.31
including     18.29     21.34     3.05     0.64
including     38.10     39.62     1.52     1.35
13SMRC-1165     56.39     64.01     7.62     0.56
13SMRC-1165     83.82     85.34     1.52     0.37
13SMRC-1165     96.01     97.54     1.52     0.23
13SMRC-1165     109.73     140.21     30.48     0.54
including     109.73     129.54     19.81     0.69
and     114.30     121.92     7.62     0.96
and     118.87     121.92     3.05     1.26
                         
13SMRC-1166     2.13     42.67     40.54     0.55
including     7.62     9.14     1.52     1.17
including     18.29     19.81     1.52     1.12
including     27.43     28.96     1.52     1.11
including     39.62     41.15     1.52     1.18
13SMRC-1166     48.77     73.15     24.38     0.62
including     48.77     51.82     3.05     0.95
including     56.39     57.91     1.52     2.32
including     65.53     67.06     1.52     1.02
13SMRC-1166     89.92     91.44     1.52     2.64
13SMRC-1166     102.11     106.68     4.57     2.47
including     105.16     106.68     1.52     6.61
13SMRC-1166     115.82     117.35     1.52     1.50
13SMRC-1166     132.59     134.11     1.52     0.28
13SMRC-1166     147.83     152.40     4.57     0.31
                         
13SMRC-1167     15.24     22.86     7.62     0.71
including     15.24     16.76     1.52     1.45
13SMRC-1167     54.86     62.48     7.62     0.22
including     60.96     62.48     1.52     0.44
13SMRC-1167     73.15     85.34     12.19     0.50
including     79.25     80.77     1.52     2.72
13SMRC-1167     99.06     100.58     1.52     0.22
13SMRC-1167     106.68     111.25     4.57     0.51
including     108.20     109.73     1.52     1.07
13SMRC-1167     114.30     118.87     4.57     0.20
13SMRC-1167     121.92     126.49     4.57     1.20
including     123.44     126.49     3.05     1.59
13SMRC-1167     147.83     149.35     1.52     0.27
13SMRC-1167     152.40     156.97     4.57     0.20
13SMRC-1167     160.02     166.12     6.10     0.20
including     160.02     161.54     1.52     0.40
including     164.59     166.12     1.52     0.25
13SMRC-1167     176.78     178.31     1.52     0.33
13SMRC-1167     185.93     188.98     3.05     0.44
                         
13SMRC-1168     1.52     13.72     12.19     0.34
including     1.52     4.57     3.05     0.60
13SMRC-1168     62.48     64.01     1.52     0.25
13SMRC-1168     70.10     71.63     1.52     1.05
13SMRC-1168     97.54     121.92     24.38     0.44
including     100.58     103.63     3.05     0.70
including     109.73     121.92     12.19     0.56
and     118.87     120.40     1.52     1.55
13SMRC-1168     131.06     134.11     3.05     2.61
including     132.59     134.11     1.52     4.29
                         
13SMRC-1169     1.52     13.72     12.19     0.43
including     1.52     4.57     3.05     0.88
and     3.05     4.57     1.52     1.49
including     9.14     13.72     4.57     0.51
13SMRC-1169     28.96     39.62     10.67     1.76
including     28.96     32.00     3.05     5.58
and     30.48     32.00     1.52     10.90
including     36.58     39.62     3.05     0.53
                         
13SMRC-1170     4.57     10.67     6.10     1.57
including     7.62     10.67     3.05     2.96
and     9.14     10.67     1.52     4.41
13SMRC-1170     27.43     36.58     9.14     1.69
including     27.43     30.48     3.05     3.31
and     28.96     30.48     1.52     4.08
13SMRC-1170     33.53     36.58     3.05     1.56
13SMRC-1170     47.24     48.77     1.52     0.26
                         
13SMRC-1171     4.57     12.19     7.62     1.18
including     4.57     6.10     1.52     3.75
13SMRC-1171     22.86     25.91     3.05     0.40
13SMRC-1171     32.00     53.34     21.34     0.46
including     39.62     53.34     13.72     0.63
and     44.20     45.72     1.52     1.26
and     50.29     51.82     1.52     1.19
13SMRC-1171     59.44     74.68     15.24     0.82
including     59.44     68.58     9.14     1.26
and     60.96     64.01     3.05     2.68
and     62.48     64.01     1.52     4.31
13SMRC-1171     91.44     92.96     1.52     0.21
13SMRC-1171     112.78     117.35     4.57     0.94
including     115.82     117.35     1.52     2.37
13SMRC-1171     123.44     124.97     1.52     0.61
13SMRC-1171     131.06     135.64     4.57     1.61
including     131.06     132.59     1.52     3.38
                         
13SMRC-1172     6.10     10.67     4.57     0.30
13SMRC-1172     18.29     25.91     7.62     0.47
including     18.29     19.81     1.52     1.08
13SMRC-1172     35.05     36.58     1.52     0.25
13SMRC-1172     59.44     73.15     13.72     0.22
including     59.44     60.96     1.52     0.40
including     65.53     73.15     7.62     0.31
13SMRC-1172     82.30     83.82     1.52     0.35
13SMRC-1172     92.96     103.63     10.67     1.03
including     92.96     97.54     4.57     2.14
and     92.96     94.49     1.52     3.76
13SMRC-1172     117.35     124.97     7.62     2.75
including     121.92     123.44     1.52     12.55
13SMRC-1172     134.11     135.64     1.52     0.35
                         
13SMRC-1173     18.29     35.05     16.76     0.42
including     24.38     25.91     1.52     1.15
13SMRC-1173     42.67     45.72     3.05     0.22
13SMRC-1173     54.86     56.39     1.52     0.29
13SMRC-1173     67.06     68.58     1.52     0.28
13SMRC-1173     76.20     79.25     3.05     0.46
13SMRC-1173     97.54     106.68     9.14     1.35
including     99.06     100.58     1.52     3.87
including     103.63     105.16     1.52     2.51
13SMRC-1173     134.11     135.64     1.52     0.88
13SMRC-1173     150.88     153.92     3.05     0.36
13SMRC-1173     160.02     170.69     10.67     0.25
including     160.02     164.59     4.57     0.40
13SMRC-1173     187.45     188.98     1.52     0.91
13SMRC-1173     195.07     199.64     4.57     0.33
                         
13SMRC-1174     6.10     10.67     4.57     0.30
13SMRC-1174     18.29     35.05     16.76     0.63
including     30.48     35.05     4.57     1.29
13SMRC-1174     51.82     53.34     1.52     0.56
13SMRC-1174     68.58     77.72     9.14     1.43
including     70.10     71.63     1.52     6.12
13SMRC-1174     89.92     106.68     16.76     0.36
including     97.54     100.58     3.05     1.08
including     105.16     106.68     1.52     0.44
13SMRC-1174     117.35     118.87     1.52     0.53
13SMRC-1174     153.92     161.54     7.62     0.61
including     153.92     155.45     1.52     2.67
13SMRC-1174     173.74     175.26     1.52     0.22
                         
13SMRC-1175     4.57     6.10     1.52     0.27
13SMRC-1175     32.00     36.58     4.57     0.25
13SMRC-1175     45.72     60.96     15.24     0.37
including     51.82     53.34     1.52     1.25
including     56.39     60.96     4.57     0.59
13SMRC-1175     68.58     71.63     3.05     0.47
13SMRC-1175     96.01     99.06     3.05     0.41
13SMRC-1175     134.11     138.68     4.57     0.35
13SMRC-1175     144.78     146.30     1.52     0.20
                         
13SMRC-1176     3.05     38.10     35.05     0.54
including     7.62     10.67     3.05     1.90
including     33.53     35.05     1.52     1.68
13SMRC-1176     44.20     56.39     12.19     0.37
including     44.20     50.29     6.10     0.53
13SMRC-1176     97.54     100.58     3.05     11.76
including     97.54     99.06     1.52     23.10
                         
13SMRC-1177     7.62     10.67     3.05     1.05
13SMRC-1177     28.96     30.48     1.52     2.25
13SMRC-1177     50.29     51.82     1.52     0.25
13SMRC-1177     83.82     88.39     4.57     0.29
13SMRC-1177     112.78     114.30     1.52     0.25
13SMRC-1177     120.40     126.49     6.10     0.29
13SMRC-1177     137.16     140.21     3.05     0.38
13SMRC-1177     149.35     164.59     15.24     0.75
including     149.35     156.97     7.62     1.28
and     155.45     156.97     1.52     2.46
13SMRC-1177     170.69     175.26     4.57     0.39
                         
13SMRC-1178     13.72     38.10     24.38     0.63
including     16.76     18.29     1.52     1.67
including     21.34     22.86     1.52     2.20
13SMRC-1178     45.72     47.24     1.52     0.39
13SMRC-1178     80.77     85.34     4.57     0.52
13SMRC-1178     91.44     94.49     3.05     0.36
13SMRC-1178     105.16     106.68     1.52     0.23
13SMRC-1178     111.25     112.78     1.52     0.20
13SMRC-1178     137.16     138.68     1.52     0.31
13SMRC-1178     147.83     153.92     6.10     0.49
including     150.88     152.40     1.52     1.27
13SMRC-1178     160.02     169.16     9.14     0.28
                         
13SMRC-1179     47.24     51.82     4.57     0.55
13SMRC-1179     74.68     85.34     10.67     0.30
including     83.82     85.34     1.52     0.65
                         
13SMRC-1180     2.13     5.18     3.05     0.33
13SMRC-1180     12.19     16.76     4.57     0.77
13SMRC-1180     22.86     24.38     1.52     0.22
13SMRC-1180     41.15     65.53     24.38     0.46
including     41.15     42.67     1.52     1.89
including     59.44     60.96     1.52     2.17
including     64.01     65.53     1.52     0.92
13SMRC-1180     85.34     88.39     3.05     0.42

 

 

PDF available at: http://stream1.newswire.ca/media/2013/11/28/20131128_C5703_DOC_EN_33985.pdf

SOURCE: Spanish Mountain Gold Ltd.

For further information:

Inquiries:
Phone: (604) 601-3651
E-mail: info@spanishmountaingold.com
Website: www.spanishmountaingold.com

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Spanish Mountain Gold Ltd.

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