Spanish Mountain Gold (TSX-V:SPA) has reported assay results from seven diamond drill holes at its namesake project in the Cariboo Gold Corridor in British Columbia, Canada.
The drilling forms part of the company’s 2026 Feasibility Study program, which aims to increase confidence in the mineral resource estimate through infill drilling. About 17,100m of the planned 60,000m program has been completed, with assays pending for 19 drill holes.
The standout result comes from drill hole 26-DH-1376, which returned 303.18m @ 0.5 grams per tonne gold (Au) from 76.02m, including a deeper zone of 80.15m @ 0.83g/t Au from 205m, including a vein cluster of 27.2m of 1.92g/t Au from 242.8m.
Spanish Mountain Gold reports the same hole intersected an upper zone of 209.13m @ 0.61g/t Au from 76.02m, including 24.83m @ 1.22g/t Au from 76.02m and 9.7m @ 2.72g/t Au from 89m near surface. The company says mineralisation remains open at depth and is interpreted to be consistent with the top of the third argillite target defined in 2024.
Drill holes 26-DH-1374 and 26-DH-1376 were designed to test the Orca Fault Corridor on the western side of the main deposit. Hole 26-DH-1374 intersected 364m @ 0.24g/t Au from 9m, including 80m @ 0.54g/t Au from 123m with internal zones of 15.7m @ 0.61g/t Au from 130.4m and 34m @ 0.65g/t Au from 162m.
Drill hole 26-DH-1379 intersected three separate mineralisation zones associated with the Orca Fault Corridor. According to the company, the results support structural continuity across an interval of 314m @ 0.35g/t Au from 14m. The deepest zone returned 107m @ 0.56g/t Au from 221m, including 53.1m @ 0.85g/t Au from 270.9m.
In the southern part of the main deposit, hole 26-DH-1378 intersected 243.1m @ 0.38g/t Au from 39.55m, including a strong near-surface zone of 60.65m @ 0.93g/t Au from 39.55m with an interval of 2.2m @ 3.97g/t Au from 98m and a narrow Orca-style vein of 0.7m @ 56.61g/t Au from 57.8m.
Director of Exploration Julian Manco says the drilling demonstrates continuity along the interpreted Orca corridor and confirms structural continuity across multiple zones.
“The results continue to expand our understanding of the Orca Fault Corridor mineralisation and its potential contribution to the Feasibility Study,” Manco says.
Spanish Mountain Gold received the first instalment of US$22.5 million in May 2026 from the sale of a 1.5% net smelter return to Wheaton Precious Metals (NYSE:WPM) for US$55 million. The company says the study is fully funded and is expected to support a construction decision in 2028.
Write to France Pinzon at Mining.com.au
Images: Spanish Mountain Gold
