Spanish Mountain Gold Engages Whittle Consulting Ltd. to Optimize Project
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910-1111 Melville Street
Vancouver, British Columbia, V6E 3V6
Tel: 604.601.3651
Spanish Mountain Gold Engages Whittle Consulting Ltd. to Optimize Project
Vancouver, B.C., December 22. 2023 - Spanish Mountain Gold Ltd. (the "Company" or "Spanish
Mountain Gold") ( TSX-V: SPA) is pleased to announce it has entered into an agreement with
Whittle Consulting Ltd. to conduct an enterprise optimization for its low cost, multi-million ounce
open pit Spanish Mountain Gold Project in the Cariboo Gold Corridor near Likely, British Columbia,
Canada.
The optimization will deploy Whittle Consulting’s Prober-F software, global computing power and
experienced team of mining industry professionals to determine the optimal operation and scale,
and to help minimize the project's carbon footprint over the life of mine.
Peter Mah, Spanish Mountain Gold’s President, CEO and Director comments, “The Company aims
to capture shareholder value by utilizing the results of the Whittle optimization to clearly define
the plan towards construction of B.C.’s next gold producer.”
Gerald Whittle, Whittle Consulting Ltd. CEO added, “We are looking forward to working with the
Spanish Mountain Gold team on their already robust gold project deploying our optimization
processes with the goal of improving a mine’s economics.”
About Whittle Consulting Ltd.
Since 1999, Whittle Consulting has conducted over 180 Whittle Enterprise Optimisation studies
around the world, for both open pit and underground mines across all commodities. The
comprehensive application of Whittle Integrated Strategic Planning improves the economics of a
mining project or operation with NPV uplift from 5% to 35%, and in many cases substantially more.
These results are achieved even after conventional mining optimisation techniques have been
applied. More on Whittle Consulting and team can be found at www.WhittleConsulting.com.au.
About Spanish Mountain Gold Ltd.
Spanish Mountain Gold Ltd. is focused on advancing its 100% -owned Spanish Mountain Gold
Project in southern central British Columbia. The Company is simultaneously pursuing the dual
objectives of delivering critical project milestones and expanding its multi-million-ounce Mineral
Resource and Reserve. The 2021 Pre-Feasibility Study demonstrates the Project's potential to be
a mining operation with a robust production profile (>150,000 ounces per year) and profitability
(AISC of $801 per ounce) over a mine l ife of 14 years. Details on the Company are available on
www.sedarplus.ca and on the Company's website: www.spanishmountaingold.com.
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On Behalf of the Board,
“Peter Mah”
President, Chief Executive Officer and Director
Spanish Mountain Gold Ltd.
For more information, contact:
Investor Relations
(604) 601-3651
www.spanishmountaingold.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
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 futu re 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. 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 as sume 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.