Spanish Mountain Gold Provides an Update on the System Impact Study with BC Hydro
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910-1111 Melville Street
Vancouver, British Columbia, V6E 3V6
Tel: 604.601.3651
Spanish Mountain Gold Provides an Update on the
System Impact Study with BC Hydro
Vancouver, B.C., January 23, 2024 - Spanish Mountain Gold Ltd. (the " Company" or " Spanish
Mountain Gold") (TSX-V: SPA) is pleased to announce the Company expects to receive the results
of the System Impact Study (SIS) from BC Hydro (the province’s utility company) in Q2, 2024 for a
new 230 kilovolt, 60 mega-watt renewable power transmission line into the Spanish Gold
Mountain project ("Project") located in the Cariboo Gold Corridor near Likely, British Columbia,
Canada.
As part of the ongoing project optimization work being undertaken, the transmission line was
increased to a larger line than specified in the 2021 Prefeasibility Study Report* to increase
available power to accommodate electrification of the mining fleet , provide flexibility in the
processing circuit and other potential modifications as a result of the ongoing Project optimization
currently being undertaken by the Company.
Peter Mah, Spanish Mountain Gold 's President, CEO and Director comments, "The SIS with BC
Hydro is an important step for the Company as we move closer to securing a renewable power
supply for the proposed mine. It will also support several of our key electrification objectives that
aim to lower the Project's carbon intensity and green-house gas emissions."
*Spanish Mountain Gold Project Prefeasibility Study NI 43 -101 Technical Report Effective Date:
10 May 2021. Read it HERE.
About Spanish Mountain Gold Ltd.
Spanish Mountain Gold is advancing it’s 100% owned multi-million ounce Spanish Mountain Gold
project towards construction of the next gold mine in the Cariboo Gold Corridor, British Columbia.
Our immediate focus is to conduct an integrated Whittle Enterprise Optimization to identify
highest potential value-add improvements while increasing the understanding of the high grade
geologic controls and associated drill targets that could upgrade and expand the gold resource.
We are striving to be a leader in community and indigenous relations and will add to this
leadership position by leveraging technology and innovation to build the 'greenest' gold mine in
Canada. Our goal for the Spanish Mountain Gold project is to reset the bar for lowering open pit
gold mining carbon intensity and greenhouse gas emissions wh ile contributing to the circular
economies of the region. 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, projectio ns, 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 variatio ns
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 secur ities 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 stateme nts or information. For the reasons set forth above, investors
should not place undue reliance on forward looking statements and information.