Spanish Mountain Files NI 43-101 Technical Report for Spanish
Mountain Gold Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 8, 2014) -
Spanish Mountain Gold Ltd. ("the Company") (TSX-VENTURE:SPA) today
announced the completion and filing of the National Instrument
43-101 Independent Technical Report for the Company's Spanish
Mountain Gold Project located in British Columbia, Canada. The
summarized results of the Technical Report were previously
announced in a news release dated April 10, 2014.
The Independent Technical Report was prepared by Giroux
Consultants Ltd. and Discovery Consultants, following the
guidelines of the Canadian Securities Administrators National
Instrument 43-101 and Form 43-101F1.
The report titled "Technical Report on an Updated Mineral
Resource Estimate on the Spanish Mountain Gold Deposit" is filed on
SEDAR under the profile of the Company and can be viewed at
www.sedar.com or the Company's website at
www.spanishmountaingold.com.
The information in this news release related to the Independent
Technical Report has been approved by Gary Giroux, P. Eng. of
Giroux Consultants Ltd. and Agnes Koffyberg, P. Geo. of Discovery
Consultants, who are independent Qualified Persons as defined under
National Instrument 43-101.
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 a strong
cash position with 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.
Morris Beattie, Chief Executive Officer
FORWARD LOOKING STATEMENTS: Certain of the
statements and information in this press release constitute
"forward-looking statements" or "forward-looking information" Any
statements or information that express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance (often, but
not always, using words or phrases such as "expects",
"anticipates", "believes", "plans", "estimates", "intends",
"targets", "goals", "forecasts", "objectives", "potential" or
variations thereof or stating that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur
or be achieved, or the negative of any of these terms and similar
expressions) are not statements of historical fact and may be
forward-looking statements or information.
Forward-looking statements or information relate to, among
other things, the timing and scope of NI 43-101 technical reports
in respect of the Spanish Mountain Gold Project, including a
prefeasibility study and subsequent feasibility study.
Forward-looking statements or information are subject to a
variety of known and unknown risks, uncertainties and other factors
that could cause actual events or results to differ from those
reflected in the forward-looking statements or information,
including, without limitation, risks relating to: results from
infill and exploration drilling, geotechnical studies,
metallurgical studies, planning of tailings facilities, access to
power supply, fluctuations in the spot and forward price of gold or
certain other commodities; timing of receipt of permits and
regulatory approvals; the sufficiency of the Company's capital to
finance the Company's operations; geological interpretations and
potential mineral recovery processes, changes in national and local
government legislation, taxation, controls, regulations and
political or economic developments in Canada or other countries in
which the Company may carry on business in the future; the
uncertainties involved in interpreting geological data; business
opportunities that may be presented to, or pursued by, the Company;
operating or technical difficulties in connection with mining
activities; the speculative nature of gold exploration and
development, including the risks of obtaining necessary licenses
and permits; diminishing quantities or grades of reserves; and
contests over title to properties, particularly title to
undeveloped properties. In addition, there are risks and hazards
associated with the business of gold exploration, development and
mining, including environmental hazards, industrial accidents,
unusual or unexpected formations, pressures, cave-ins, flooding and
gold bullion losses (and the risk of inadequate insurance, or the
inability to obtain insurance, to cover these risks).
This list is not exhaustive of the factors that may affect
any of the Company's forward-looking statements or information.
Forward-looking statements or information are statements about the
future and are inherently uncertain, and actual achievements of the
Company or other future events or conditions may differ materially
from those reflected in the forward-looking statements or
information due to a variety of risks, uncertainties and other
factors, including, without limitation, those referred to in the
Company's continuous disclosure documents under the heading "Risk
Factors". Although the Company has attempted to identify important
factors that could cause actual results to differ materially, there
may be other factors that cause results not to be as anticipated,
estimated, described or intended. Accordingly, readers should not
place undue reliance on forward-looking statements or
information.
The Company's forward-looking statements and information are
based on the assumptions, beliefs, expectations and opinions of
management as of the date of this press release, and other than as
required by applicable securities laws, the Company does not assume
any obligation to update forward-looking statements and information
if circumstances or management's assumptions, beliefs, expectations
or opinions should change, or changes in any other events affecting
such statements or information. For the reasons set forth above,
investors should not place undue reliance on forward-looking
statements and information.
Cautionary Note Regarding Mineral Resources and Mineral
Reserves
Readers are advised that National Instrument 43-101 of the
Canadian Securities Administrators requires that each category of
mineral reserves and mineral resources be reported separately.
Readers should refer to the Company's current technical reports and
other continuous disclosure documents filed by the Company,
available on SEDAR at www.sedar.com for further information the
mineral resource estimates of the Company's projects, which are
subject to the qualifications and notes set forth therein, as well
as for additional information relating to the Company more
generally.
Mineral resources which are not mineral reserves, have a
great amount of uncertainty as to their existence and do not have
demonstrated economic or legal viability. Inferred mineral
resources have insufficient confidence to allow the meaningful
application of technical and economic parameters or to enable an
evaluation of economic viability suitable for public disclosure.
Neither the Company, nor readers, should assume that all or any
part of an inferred mineral resource will be upgraded to indicated
or measured mineral resources. Most projects at the inferred
mineral resource stage do not ever form the basis of feasibility or
other economic studies, or achieve successful commercial
production. Each stage of a project is contingent on the positive
results of the previous stage and that there is a significant risk
that the results may not support or justify moving to the next
stage.
Neither TSX Venture Exchange nor its Regulations Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Spanish Mountain Gold Ltd.(604)
601-3651info@spanishmountaingold.comwww.spanishmountaingold.com
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