Feb 14, 2017
VANCOUVER, BC - Spanish Mountain Gold Ltd. (the "Company") (TSX-VENTURE:SPA) is pleased to announce the engagement of a team of experienced consultants to conduct a new Preliminary Economic Assessment in accordance with standards mandated by NI 43-101 for the Spanish Mountain Gold Project (the "Project") located near Likely in central British Columbia, Canada.
Each member of the PEA team has been involved in the Project's previous studies and is familiar with its technical attributes. They will contribute in their respective areas of expertise as follows:
The Company expects to announce the results of the PEA in the second quarter of 2017.
About Spanish Mountain Gold
Spanish Mountain Gold Ltd is focused on advancing its flagship Spanish Mountain gold project in southern central British Columbia. The positive economics of the multi-million ounce Mineral Resource have been demonstrated in a previous Preliminary Economic Assessment. The Company is currently investigating a two-zone project approach in which the resource's high grade core (the First Zone) is expected to sustain a profitable stand-alone operation exceeding 20 years. Additional information about the Company is available on its website: www.spanishmountaingold.com
On Behalf of the Board,
SPANISH MOUNTAIN GOLD LTD.
Chief Executive Officer
Phone: (604) 601-3651
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 information, 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 documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, 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.