Spanish Mountain Gold has reported additional results of the ongoing in-fill drill program carried out at the Spanish Mountain Gold project’s main zone in Canada. Currently, the company is working with the help of six drilling rigs at the location in order to finish the in-fill drill campaign at the Main Zone, before the beginning of the drill program at the Phoenix Zone during May.
The company encountered 7.58 g/t gold over 3.00 m in hole DH-1042, 0.93 g/t gold over 18.47 m and 0.8 g/t gold over 64.69 m in hole DH-1044, 1.21 g/t gold over 26.00 m and 0.92 g/t gold over 38.00 m in hole DH-1045, 1.01 g/t gold over 9.50 m and 0.63 g/t gold over 21.50 m in hole DH-1047 and 0.79 g/t gold over 41.00 m and 0.64 g/t gold over 56.78 m in hole DH-1048.
The company’s ongoing drilling in the Main Zone aimed to help a reclassification of inferred gold ounces. Several holes intersected high-grade gold and were drilled to the depth of the potential open pit. Deeper drill program may be included in the company's future campaign in order to examine this region.
Spanish Mountain will prepare the main zone’s updated resource calculation, after this program is completed. During the summer, the company may finalize this NI 43-101 compliant resource calculation. The company has scheduled to complete the project’s feasibility study during Q3 of 2013.
Source: http://www.spmtngold.com/