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Spanish Mountain Gold Ltd. ("the Company") (SPA-TSXV) is pleased to announce the results from the final group of drill holes completing the in-fill drilling program within the Main and North Zones of its Spanish Mountain Gold Project (the "Project") located in central British Columbia, Canada. The results from the in-fill drilling program are designed to provide additional information to enable a re-classification from the Inferred to Measured and Indicated categories for gold contained within the Main and North Zones of mineralization at the Project. The program was designed to also test for extensions to gold mineralization laterally and at depth. The results of the drilling conducted to date continue to confirm the continuity of potentially economic mineralization in areas presently classified as inferred resources.

Brian Groves, President and CEO said today, "With the completion of the in-fill drilling program and new geological model, the Company will now focus on integrating the forthcoming updated resource estimate in the pre-feasibility study currently underway for the Project. We are encouraged by the presence of areas of higher grade gold mineralization at depth as indicated in holes such as DDH-988."

Highlights of Drilling Results include:

MAIN ZONE HIGHLIGHTS:

  • 39.50m grading 1.09g/t gold in hole 11-DDH-965
  • 61.00m grading 0.65g/t gold in hole 11-DDH-987.
  • 70.29m grading 0.53g/t gold, a second interval of 45.50m grading 0.54g/t gold and a third interval of 39.00m grading 0.96g/t gold in hole 11-DDH-963.
  • 34.50m grading 0.82g/t gold in hole 11-DDH-974.
  • 30.00m grading 0.77g/t gold in hole 11-DDH-979.
  • 116.50m grading 0.36g/t gold and a second interval of 45.00m grading 0.42 g/t gold in hole 11-DDH-964.
  • 102.00m grading 0.33g/t gold and 9.00m grading 1.32 g/t gold (near bottom of hole) in hole 11-DDH-988.

NORTH ZONE HIGHLIGHTS:

  • 82.50m grading 0.54g/t gold in hole 11-DDH-966
  • 50.00m grading 0.62g/t gold in hole 11-DDH-968.
  • 57.50m grading 0.41g/t in hole 11-DDH-972.

Significant assay results are contained in Table 1 appended to this news release. 

Discussion of Results

The 2011 drilling program on the Main and North Zones of the Spanish Mountain gold deposit has now been completed. The program was designed primarily to provide in-fill data for an updated resource calculation. The results from new zones of mineralization that have been encountered during this program will be included in the updated model. An updated geological model has been completed and will serve as the basis for the updated resource estimate to be completed in late October. 

Drilling of additional holes is underway to provide geotechnical data that will enable the optimization of pit wall slopes for conceptual open pit designs within the ongoing Pre-feasibility study for the Project.
Judy Stoeterau, P.Geo., the Company's Vice-President of Geology and the qualified person as defined under National Instrument 43-101, has reviewed the contents of this news release. All core samples are assayed at ALS Chemex Laboratory in Vancouver, BC.

About Spanish Mountain Gold

Spanish Mountain Gold Ltd is focused on the responsible development of its flagship Spanish Mountain gold project in southern central British Columbia, Canada. The Company has more than $20 million in working capital, has no debt and owns 100% of four gold properties located in British Columbia. Additional information about the Company is available on its website: www.spanishmountaingold.com

On behalf of the Board,

SPANISH MOUNTAIN GOLD LTD 

Brian Groves
President and CEO

Contact: 
Colin Clancy
(604) 601-3651
info@spanishmountaingold.com
www.spanishmountaingold.com


or

B&D Capital Partners
(604) 685-6465

This News Release contains forward-looking statements. Forward looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking-statements. Management has assumed that these will be our major projects going forward. Risks include that we are unable to satisfy environmental or other regulators, that we determine that our resources are not commercially viable, or that we have difficulties due to unavailability of labour or equipment.

While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggests herein. Except as required by applicable law the Company does not intend to update any forward-looking statements to conform these statements to actual results.


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Table 1: Significant Assay Results

*Under the Area Column: MZ = Main Zone; NZ = North Zone; Expl = Exploration/ Step-out Hole 

HoleFromToLength (m)Au g/tArea* 
11-DDH-96298.00135.5037.500.33MZ 
including98.00105.507.500.66MZ 
and98.0099.501.501.29MZ 
and123.50135.5012.000.50MZ 
and134.00135.501.502.77MZ 
11-DDH-962188.70232.8744.170.34MZ 
including211.50212.250.751.61MZ 
and225.00232.877.870.94MZ 
and229.50232.873.371.14MZ 
11-DDH-9636.7177.0070.290.53MZ 
including6.7113.506.791.48MZ 
and33.5035.001.501.05MZ 
and45.5050.254.751.47MZ 
and75.5077.001.501.14MZ 
11-DDH-963107.00152.5045.500.54MZ 
including116.00117.501.501.92MZ 
and134.00135.501.503.14MZ 
and151.00152.501.501.45MZ 
11-DDH-963209.00248.0039.000.96MZ(Capped to 10g/t Gold)
including227.69229.001.3138.80MZ 
and237.75238.500.757.44MZ 
11-DDH-963288.95311.0022.050.45MZ 
including288.95293.504.551.34MZ 
11-DDH-963323.37324.501.132.17MZ 
11-DDH-96411.50128.00116.500.36MZ 
including64.50113.5049.000.53MZ 
and69.0070.501.501.13MZ 
and79.5084.004.501.70MZ 
11-DDH-964148.75149.500.7526.10MZ 
11-DDH-964164.00188.0024.000.82MZ 
including164.00165.251.251.27MZ 
and172.50188.0015.501.14MZ 
11-DDH-964236.00281.0045.000.42MZ 
including257.25258.000.753.72MZ 
and274.50279.505.001.32MZ 
11-DDH-9656.7124.0017.290.38MZ 
including22.5024.001.501.39MZ 
11-DDH-96543.5058.5015.000.89MZ 
11-DDH-965102.50106.504.001.27MZ 
11-DDH-965202.00241.5039.501.09MZ 
including229.00229.750.757.20MZ 
11-DDH-9666.7138.5031.790.59NZ 
including8.5014.506.001.38NZ 
and17.0018.501.501.15NZ 
and35.5037.001.501.16NZ 
11-DDH-966143.50226.0082.500.54NZ 
including158.00159.501.501.07NZ 
and168.50173.505.001.83NZ 
and200.00206.506.501.48NZ 
and216.50218.001.501.18NZ 
11-DDH-9673.0515.5012.450.36NZ 
including9.5011.001.501.08NZ 
11-DDH-967159.50173.0013.500.74NZ 
including164.00171.507.501.11NZ 
11-DDH-96814.5015.781.281.13NZ 
11-DDH-96859.50109.5050.000.62NZ 
including88.0089.501.502.13NZ 
and94.0095.501.501.39NZ 
and108.00109.501.507.51NZ 
11-DDH-968125.50173.0047.500.33NZ 
including171.50173.001.501.37NZ 
11-DDH-96986.50113.5027.000.36NZ 
including92.5094.001.501.07NZ 
11-DDH-969182.50184.001.501.29NZ 
11-DDH-97083.00102.0019.000.57NZ 
including83.0084.501.501.35NZ 
and89.0090.501.501.38NZ 
11-DDH-97120.5022.001.501.63NZ 
11-DDH-97140.0056.0016.000.67NZ 
including53.5056.002.501.80NZ 
11-DDH-97241.0098.5057.500.41NZ 
including41.0042.501.502.90NZ 
and50.5052.001.501.08NZ 
and97.0098.501.501.35NZ 
11-DDH-9734.5729.5024.930.54NZ 
including21.5029.508.001.09NZ 
11-DDH-97381.00103.5022.500.46NZ 
including101.00103.502.501.33NZ 
11-DDH-97419.5021.001.501.81Expl 
11-DDH-97488.00122.5034.500.82Expl 
including105.00111.006.002.98Expl 
and117.00121.134.131.18Expl 
11-DDH-975182.50184.001.504.53Expl 
11-DDH-9774.5779.0074.430.38NZ 
including11.0012.501.501.13NZ 
11-DDH-978113.00114.501.502.04Expl 
11-DDH-97910.0040.0030.000.77Expl 
including22.2624.582.322.62Expl 
and35.0040.005.002.18Expl 
11-DDH-979103.50105.502.00130.00Expl 
11-DDH-98082.09106.5024.410.92NZ 
including83.5085.091.591.24NZ 
and90.0093.003.002.38NZ 
and101.00105.004.001.47NZ 
11-DDH-98120.5044.8024.300.72Expl 
including29.5031.001.502.25Expl 
and41.5044.803.302.83Expl 
11-DDH-98164.0064.750.7572.80Expl 
11-DDH-98193.5094.250.7514.05Expl 
11-DDH-981118.00119.501.501.12Expl 
11-DDH-98544.5063.0018.500.47NZ 
including56.5058.001.502.39NZ 
11-DDH-986156.00156.750.7535.90MZ 
11-DDH-986161.00162.501.502.07MZ 
11-DDH-986187.50189.001.502.58MZ 
11-DDH-986242.00243.501.501.78MZ 
11-DDH-986303.00304.501.501.12MZ 
11-DDH-986385.25386.501.251.18MZ 
11-DDH-98759.5060.250.752.68MZ 
11-DDH-98778.50139.5061.000.65MZ 
including59.5060.250.752.68MZ 
and104.00105.501.502.38MZ 
and109.00112.003.005.58MZ 
and134.00135.501.501.68MZ 
11-DDH-987484.50508.0023.500.58MZ 
including499.50502.693.191.38MZ 
11-DDH-98849.0050.501.501.41MZ 
11-DDH-98872.00109.0037.000.35MZ 
including72.0079.287.281.14MZ 
11-DDH-988207.50211.003.501.64MZ 
11-DDH-988291.00295.504.501.08MZ 
11-DDH-988396.00498.00102.000.33MZ 
including415.50417.001.501.03MZ 
and489.00498.009.001.32MZ 
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