Spanish Mountain Gold Project Update
1120‐1095 West Pender Street
Vancouver, British Columbia, V6E 2M6
Tel: 604.601.3651
November 21, 2017
Spanish Mountain Gold Project Update
VANCOUVER, B.C - Spanish Mountain Gold Ltd. (“Spanish Mountain” or the “Company”)
(TSX-V: SPA) is pleased to announce that it has received perm its allowing additional field work
in exploration (the “Notice of Work”) and archeological impact assessment (“AIA”) for its
Spanish Mountain gold project (the “Project”) near Likely, British Columbia.
These permits will allow the Company to proceed with anticipated activities that will further
advance the Project, the robus t economics of which were de monstrated in a preliminary
economic assessment released in May 2017. The Company expects future project work will
further confirm the potential viab ility of the Project while adva ncing the process of community
consultations and environmental assessment. Details of specific programs will be announced
once they are finalized.
Notice of Work
The Notice of Work has been granted for a five-year period during which the Company can
conduct drilling and related activities within the Project’s boundary of mineral claims.
As part of the application process for the No tice of Work, the Company’s management had an
opportunity to meet with representatives from the local First Nations bands to address any issues
and concerns raised. The Company is apprecia tive of the participation by the Williams Lake
Indian Band, Xat śūll First Nation and Lhtako Dené Nation in the process and reiterates the
Company’s commitment to advancing the Proj ect in an environmentally responsible and
culturally respectful manner.
Archeological Impact Assessment
The Heritage Inspection permit was issued pursuan t to the Heritage Conservation Act of BC and
covers all the areas of the mineral claims that could potentially be im pacted by the Project’s
future activities. The Company has already receiv ed clearance for the enti re area covering the
current mineral resource. This permit will allow the Company to adequately assess the
archaeological significance of the remaining project areas before any field work is undertaken.
Consistent with its previous practice, the Company welcomes and anticipates the participation of
field technicians or heritage specialists representing the First Nations communities throughout the
AIA process.
Completed Field Work
The Company is also pleased to report that it has successfully completed an exploration program
that will allow the Company to retain the titles to certain placer claims overlaying the mineral
claims for two years without additional expend itures. The locations of these claims are
considered strategically advantageous as they can potentially facilitate future access to the
Project’s resource.
Larry Yau, CEO, commented: “I believe the Company is now in a good financial position to
build on our highly positive PEA. We have now laid the ground work for field activities that will
further de-risk our Project. The Company is committed to advancing its multi-million ounce
resource at a pace that is commensurate with available resources and minimizes stock dilution.”
About Spanish Mountain Gold
Spanish Mountain Gold Ltd is focused on advanc ing its flagship Spanis h Mountain gold project
in southern central British Columbia. The Comp any has adopted a two-zone project approach in
which the pit-delineated high grade core (the First Zone) of the multi-million ounce resource is
expected to sustain a robust stand-alone operation exceeding 24 years. The positive economics of
the First Zone have been demonstrated in a Pr eliminary Economic Assessment. Furthermore, the
Second Zone could potentially expand and extend the project’s production profile for decades.
Additional information about the Comp any is available on its website:
www.spanishmountaingold.com.
On Behalf of the Board,
SPANISH MOUNTAIN GOLD LTD.
Larry Yau
Chief Executive Officer
Inquiries:
SPANISH MOUNTAIN GOLD LTD.
Phone: (604) 601-3651
E-mail: [email protected]
Website: www.spanishmountaingold.com
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.
This news release contains forward-looking info rmation, which involves known and unknown risks,
uncertainties and other factors that may cause actual events to differ materially from current expectation.
Important factors that could cause actual results to differ materially from the Company's expectations are
disclosed in the Company's docum ents filed from time to time on www.sedar.com. Readers are cautioned
not to place undue reliance on these forward-looking st atements, which speak only as of the date of this
press release. The company disclaims any intention or obligation, except to the extent required by law, to
update or revise any forward-looking statements, whether as a result of new information, future events or
otherwise.