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Spanish Mountain Gold Ltd. ("the Company") (SPA-TSXV) is pleased to announce further results of 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 presented in this news release represent approximately an additional 30% of the total planned drill holes that are designed to upgrade mineralization from the Inferred to Measured and Indicated categories, test for extensions to gold mineralization laterally and at depth and to optimize the design of pit walls. The final 40% of results are expected to be available within eight weeks. The results of the drilling conducted to date continue to confirm the continuity of potentially economic mineralization in areas presently classified as inferred resources.

The Company is also pleased to announce that drill rigs have now moved onto the Cedar Creek area to begin testing gold targets defined in a soil geochemical survey.

Highlights of Drilling Results include: 

MAIN ZONE HIGHLIGHTS:

  • 321.5 metres (m) grading 0.65 gram/ tonne (g/t) gold including 50.00m grading 1.03g/t gold and including 14.27m grading 2.12g/t gold in hole 11-DDH-961.
  • 284.50m grading 0.50g/t gold including 66.50m grading 1.35g/t gold in hole 11-DDH-951.
  • 276.50m grading 0.37g/t gold including 28.00m grading 1.00g/t gold in hole 11-DDH-953.
  • 293.50m grading 0.30g/t gold including 22.50m grading 1.03g/t gold in hole 11-DDH-954
  • 249.00m grading 0.39g/t gold including 17.00m grading 1.07g/t gold in hole 11-DDH-955
  • 240.43m grading 0.37g/t gold including 94.00m grading 0.52g/t gold and including 28.50m grading 1.00g/t gold in hole 11-DDH-948.

NORTH ZONE HIGHLIGHTS:

  • 123.00m grading 0.91g/t gold in hole 11-DDH-950.
  • 84.85m grading 0.52g/t gold including 6.00m grading 2.13g/t gold in hole 11-DDH-945
  • 147.50m grading 0.32g/t including 63.00m grading 0.51g/t gold and including 9.75m grading 1.22g/t gold in hole 11-DDH-941.

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 as a precursor to the commencement of a pre-feasibility study for the Project. The results from new zones of mineralization that have been encountered during this program will be included in the updated model. The program is also expected to provide further information on mineralization encountered at depth. A total of 4 deep holes have been drilled with an average depth of 524 m. Results from this phase of the program are expected to be received by September and will be incorporated in an updated resource model.

The drills have now been moved into the area of anomalous gold soil geochemistry in the Cedar Creek area. Preliminary reconnaissance in this area has confirmed the presence of argillite-bearing sedimentary and mafic volcanic rocks. The current drilling program is focused on testing areas defined by previous soil sampling that are anomalous in a number of elements including gold and copper. Initially, a total of 16 holes are planned for the gold target area.

Brian Groves, President and CEO commented "We are very encouraged by these drilling results from the Main and North Zones. They represent some of the longest, if not the longest intercepts of continuous gold mineralization encountered on the property. Holes such as DDH-951 clearly indicate the presence of higher grade shallow mineralization which presents a real opportunity for starter pit optimization."

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 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

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 

HoleFromToLength (m)Au g/tArea
11-DDH-9403.6624.5020.840.34NZ
11-DDH-94091.0095.503.500.29NZ
11-DDH-940137.50139.001.508.55NZ
11-DDH-940242.35260.5018.150.27NZ
11-DDH-94178.8680.701.841.65NZ
11-DDH-941181.50329.00147.500.32NZ
including202.00203.501.501.27NZ
and266.00329.0063.000.51NZ
and270.50273.503.001.02NZ
and285.50287.001.501.20NZ
and292.00293.501.504.15NZ
and319.25320.000.753.37NZ
and319.25329.009.751.22NZ
and324.50329.004.502.04NZ
11-DDH-9423.6618.8515.190.74NZ
including12.0017.505.501.30NZ
11-DDH-943117.50119.001.503.14NZ
11-DDH-943158.00159.041.0426.50NZ
11-DDH-943200.00200.750.7517.90NZ
11-DDH-943256.50258.001.501.06NZ
11-DDH-94451.5054.002.500.30NZ
11-DDH-94473.00109.0036.000.21NZ
11-DDH-944180.00255.0075.000.32NZ
11-DDH-944221.00255.0034.000.50NZ
including228.00229.501.502.28NZ
11-DDH-945160.90245.7584.850.52NZ
including161.00164.003.001.13NZ
and229.50235.506.002.13NZ
and245.00245.750.7522.20NZ
11-DDH-946101.28217.40116.120.31NZ
including118.50161.5043.000.53NZ
and132.50134.001.501.82NZ
and154.00158.504.501.77NZ
and216.50217.400.902.72NZ
11-DDH-9474.2713.008.731.05NZ
11-DDH-94789.5091.001.501.21NZ
11-DDH-947129.50130.250.751.94NZ
11-DDH-947192.50250.0057.500.31NZ
including227.50229.001.501.05NZ
and277.50279.001.501.40NZ
11-DDH-9484.57245.00240.430.37MZ
including22.0023.501.501.44MZ
and48.5091.5043.000.50MZ
and53.0054.501.501.08MZ
and80.0088.008.001.54MZ
and105.00106.501.501.05MZ
and151.00245.0094.000.52MZ
and157.50159.001.502.11MZ
and193.50195.001.501.36MZ
and204.00211.507.502.19MZ
and204.00232.5028.501.00MZ
and228.00232.504.501.75MZ
11-DDH-9496.7123.0016.290.58NZ
including14.0014.750.753.79NZ
11-DDH-9503.6618.0014.340.54NZ
including6.008.502.501.53NZ
11-DDH-950161.50284.50123.000.91NZ
including203.00206.003.001.83NZ
and244.50245.250.75106.00NZ
and252.50254.001.503.04NZ
11-DDH-9518.50293.00284.500.50MZ
including8.5075.0066.501.35MZ
and15.0030.0015.001.80MZ
and49.0051.252.259.23MZ
and64.5069.004.502.29MZ
and73.5075.001.509.05MZ
and201.13205.504.372.01MZ
11-DDH-951320.50322.001.503.12MZ
11-DDH-9523.66218.00214.340.55MZ
including11.0012.501.5016.90MZ
and70.5073.503.002.45MZ
and101.00105.004.004.30MZ
and102.24103.501.2610.80MZ
and172.50177.004.501.28MZ
and211.50216.505.001.98MZ
11-DDH-95310.00286.50276.500.37MZ
including10.0081.5071.500.59MZ
and10.0013.003.001.13MZ
and46.0047.501.501.92MZ
and72.0074.002.0014.18MZ
and124.50126.001.501.02MZ
and218.00271.5053.500.82MZ
and224.00252.0028.001.00MZ
11-DDH-95421.50315.00293.500.30MZ
including48.00135.0087.000.51MZ
and48.0070.5022.501.03MZ
and48.0083.0035.000.82MZ
and111.50112.501.003.81MZ
and129.00130.501.502.13MZ
and133.50135.001.501.47MZ
and178.50180.001.503.47MZ
and189.50191.001.504.37MZ
and200.00201.501.501.43MZ
and301.50303.001.501.62MZ
and313.50315.001.501.21MZ
11-DDH-95524.00273.00249.000.39MZ
including25.5066.5041.000.53MZ
and25.5042.5017.001.07MZ
and89.0090.501.501.88MZ
and100.00101.501.501.97MZ
and128.50160.5032.000.66MZ
and139.00140.501.501.81MZ
and148.00149.501.501.65MZ
and155.50157.662.161.98MZ
and212.06214.001.941.38MZ
and212.06273.0060.940.51MZ
and217.00220.003.001.23MZ
and227.50229.001.501.16MZ
and252.50254.001.502.12MZ
and259.50261.001.503.33MZ
and267.31268.501.192.48MZ
11-DDH-9563.05142.74139.690.33MZ
including58.50104.5046.000.58MZ
and65.0067.002.002.60MZ
and74.5076.792.291.19MZ
and92.5095.503.002.95MZ
and132.50134.001.502.94MZ
11-DDH-956173.50174.250.751.02MZ
11-DDH-956196.50198.001.501.08MZ
11-DDH-956216.00217.141.141.81MZ
11-DDH-956225.50227.001.501.88MZ
11-DDH-956237.50239.001.501.57MZ
11-DDH-956279.31299.0019.690.56MZ
including293.00294.501.502.25MZ
11-DDH-9576.70300.50293.800.37MZ
including6.70146.50139.800.52MZ
and6.7014.007.301.81MZ
and32.0033.501.501.22MZ
and51.5053.001.502.26MZ
and72.5073.250.7521.40MZ
and73.2574.000.751.22MZ
and80.0081.501.502.15MZ
and91.0092.501.501.05MZ
and109.50111.001.501.14MZ
and123.00123.750.751.41MZ
and242.50244.001.502.72MZ
and265.50267.001.501.33MZ
and297.50300.503.002.59MZ
11-DDH-95810.25207.00196.750.30MZ
including63.0063.750.7510.40MZ
and163.50207.0043.500.60MZ
and166.50168.001.502.12MZ
and172.50174.001.501.89MZ
and186.00187.501.502.50MZ
and191.50193.001.501.29MZ
and197.50199.001.501.73MZ
11-DDH-958282.50303.0020.500.64MZ
including293.25294.000.756.19MZ
11-DDH-95914.5041.7627.261.01MZ
including20.5023.503.001.78MZ
and20.5036.5016.001.40MZ
and25.5029.003.501.66MZ
and32.0036.504.502.07MZ
11-DDH-959a12.50291.50279.000.33MZ
including12.5055.5043.000.52MZ
and32.5037.004.501.43MZ
and104.25105.000.751.95MZ
and109.50111.001.501.40MZ
and115.50116.501.001.19MZ
and137.00138.501.501.30MZ
and215.00291.5076.500.52MZ
and218.00221.003.002.70MZ
and225.50228.503.001.33MZ
and239.50244.004.501.54MZ
and250.00253.023.021.54MZ
and272.50274.001.501.03MZ
and281.50283.001.501.52MZ
11-DDH-96062.50336.00273.500.31MZ
including62.50130.5068.000.53MZ
and62.5065.503.001.45MZ
and79.0579.800.754.14MZ
and94.5095.881.381.29MZ
and115.50120.004.501.70MZ
and174.00186.0012.001.34MZ
and204.00205.501.502.28MZ
11-DDH-9616.71328.27321.560.65MZ
including72.50122.5050.001.03MZ
and72.5073.250.758.90MZ
and75.5081.506.001.83MZ
and83.0087.504.501.63MZ
and92.0093.501.502.94MZ
and105.50107.502.001.55MZ
and113.50115.001.501.44MZ
and158.00159.501.501.06MZ
and175.56179.664.104.28MZ
and187.82189.001.181.33MZ
and192.00193.181.181.83MZ
and202.50205.503.001.43MZ
and214.50222.007.501.67MZ
and226.50231.004.501.17MZ
and240.00244.714.711.26MZ
and258.00258.750.752.26MZ
and263.00264.501.508.66MZ
and314.00328.2714.272.12MZ
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