Spanish Mountain Gold has declared the final drilling results from the 2011 program conducted in the Main Zone of its Spanish Mountain Gold Project in southern central British Columbia, Canada.
The Main Zone’s results signify geotechnical holes that were drilled to maximize the design of pit walls as well as the in-fill drill holes designed to improve mineralization from the inferred to indicated and measured groups.
In addition, Spanish Mountain Gold declared the drilling results of the copper target in the Spanish Mountain Property’s Cedar Creek region.
Highlights of the Main Zone include 71.05 m grading 1.03 g/t gold and 56.65 m grading 0.49g/t gold in hole 11-DDH-999; 34.50 m grading 0.92 g/t gold in hole 11-DDH-992; 33.56 m grading 0.65 g/t gold in hole 11-DDH-998; 32.95 m grading 0.70 g/t gold in hole 11-DDH-996; and 27.40 m grading 0.69 g/t gold in hole 11-DDH-997. A map indicating the location of these drill holes can be viewed on the company website.
The drilling campaign in the Main Zone was mainly designed to offer in-fill data for a renewed resource calculation in line with the firm’s goal of concluding a feasibility study for the project by mid half of 2013. The present results along with the additional infill drilling results will be included in an updated resource estimate, which will be concluded in summer 2012.
The results show the existence of higher grade gold mineralization regions in the Main Zone. The company will target these regions for pit optimization studies to outline prospective starter pits in the larger pit design.
In 2011, the company conducted a drilling program in the Cedar Creek region that targeted two geochemistry anomalies, wherein one has a copper signature and the other a raised gold signature. A new gold zone called Phoenix Zone was identified by drilling the gold anomaly. This zone will be included within the Spanish Mountain Gold Project as part of a feasibility study, which will be completed in summer 2013.
Source: http://www.spanishmountaingold.com/