Spanish Mountain Files NI 43-101 Technical Report for Spanish Mountain Gold Project
1120-1095 West Pender Street
Vancouver, British Columbia, V6E 2M6
Tel: 604.601.3651
May 17, 2017
Spanish Mountain Files NI 43-101 Technical Report for Spanish
Mountain Gold Project
VANCOUVER, B.C. Spanish Mountain Gold Ltd. (the “Company”) (TSX-V:SPA) is
pleased to announce the completion and filing of the National Instrument 43- 101
Independent Technical Report (the “Report”) for the Company's Spanish Mountain Gold
Project (the “Project”) located in British Columbia, Canada. The Report relates to the
Preliminary Economic Assessment (the “PEA”) for the pit- delineated high grade core
(the "First Zone") of the Project. The summarized results of the PEA were previously
announced in a news release dated April 10, 2017.
The R eport titled " Preliminary Economic Assessment for the Spanish Mountain Gold
Property" has been filed on SEDAR under the profile of the Company and can be viewed
at www.sedar.com or the Company’s website at www.spanishmountaingold.com .
The Report was prepared by Moose Mountain Technical Services under the direction of
Marc Schulte, P. Eng., a Qualified Person, following the guidelines of the Canadian
Securities Administrators National Instrument 43 -101 and Form 43 -101F1. Mr. Schulte
is independent of the Company and has reviewed and approved this news release.
About Spanish Mountain Gold
Spanish Mountain Gold Ltd is focused on advancing its flagship Spanish Mountain gold
project in southern central British Columbia. The Company 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 Preliminary
Economic Assessment. Furthermore, the Second Zone could potentially expand and
extend the project’s production profile for decades. Additional information about the
Company 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
FORWARD LOOKING STATEMENTS: Certain of the statements and information in this
press release constitute "forward -looking statements" or "forward -looking information"
Any statements or information that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives, assumptions or future
events or performance (often, but not always, using words or phrases such as "expects ",
"anticipates", "believes", "plans", "estimates", "intends", "targets", "goals",
"forecasts", "objectives", "potential" or variations thereof or stating that certain
actions, events or results "may", "could", "would", "might" or "will" be taken, occur or
be achieved, or the negative of any of these terms and similar expressions) are not
statements of historical fact and may be forward -looking statements or information.
Forward -looking statements or information relate to, among other things, the timing
and scope of NI 43 -101 technical reports in respect of the Spanish Mountain Gold
Project, including a pre-feasibility study.
Forward -looking statements or information are subject to a variety of known and
unknown risks, uncertainties and other factors that could cause actual events or results
to differ from those reflected in the forward -looking statements or information,
including, without limitation, risks relating to: results from infill and exploration
drilling, geotechnical studies, metallurgical studi es, planning of tailings facilities,
access to power supply, fluctuations in the spot and forward price of gold or certain
other commodities; timing of receipt of permits and regulatory approvals; the
sufficiency of the Company's capital to finance the Com pany's operations; geological
interpretations and potential mineral recovery processes, changes in national and local
government legislation, taxation, controls, regulations and political or economic
developments in Canada or other countries in which the C ompany may carry on
business in the future; the uncertainties involved in interpreting geological data;
business opportunities that may be presented to, or pursued by, the Company;
operating or technical difficulties in connection with mining activities; t he speculative
nature of gold exploration and development, including the risks of obtaining necessary
licenses and permits; diminishing quantities or grades of reserves; and contests over
title to properties, particularly title to undeveloped properties. I n addition, there are
risks and hazards associated with the business of gold exploration, development and
mining, including environmental hazards, industrial accidents, unusual or unexpected
formations, pressures, cave -ins, flooding and gold bullion losses (and the risk of
inadequate insurance, or the inability to obtain insurance, to cover these risks).
This list is not exhaustive of the factors that may affect any of the Company's forward -
looking statements or information. Forward -looking statements or in formation are
statements about the future and are inherently uncertain, and actual achievements of
the Company or other future events or conditions may differ materially from those
reflected in the forward -looking statements or information due to a variety of risks,
uncertainties and other factors, including, without limitation, those referred to in the
Company's continuous disclosure documents under the heading "Risk Factors".
Although the Company has attempted to identify important factors that could caus e
actual results to differ materially, there may be other factors that cause results not to
be as anticipated, estimated, described or intended. Accordingly, readers should not
place undue reliance on forward -looking statements or information.
The Company's forward -looking statements and information are based on the
assumptions, beliefs, expectations and opinions of management as of the date of this
press release, and other than as required by applicable securities laws, the Company
does not assume any obligation to update forward -looking statements and information
if circumstances or management's assumptions, beliefs, expectations or opinions should
change, or changes in any other events affecting such statements or information. For
the reasons set forth above, investors should not place undue reliance on forward -
looking statements and information.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.