Apr 29, 2010
Spanish Mountain Gold Ltd. ("the Company") (SPA-TSXV) announces details of work programs to be completed on the Company's projects during the coming field season.
Spanish Mountain Gold Project
The planned work for this year will focus on the following:
Core samples from the twenty three large diameter HQ drill holes completed in 2009 have been submitted for assay and results are expected by the end of May, 2010. Selected samples from these holes had previously been processed at G&T Metallurgical laboratories in Kamloops, BC. These samples were used to evaluate the potential for improved gold recoveries by gravity separation.
The Thunder Ridge property is located approximately 100 km south of Spanish Mountain and the Company has completed 23 holes to date. The Company plans to complete a further 2,000 m of drilling in 10 holes.
Additional soil geochemical sampling is also planned to define possible extensions to the present area of mineralization.
Manson Creek and Prince George
Both projects are located to the north of Spanish Mountain and are earlier stage properties. Additional mapping and sampling is planned for the upcoming field season.
Stuart Morris, the Company's VP, Development Geology is a qualified person (as defined in NI 43-101) and has reviewed the contents of this news release.
About Spanish Mountain Gold
Spanish Mountain Gold Ltd is focused on advancing its flagship Spanish Mountain gold project in central southern British Columbia. The Company has a current cash position of approximately $7.0 million (with no debt) and has applied for Mineral Exploration Tax Credit refund from the Province of British Columbia totaling $1.9 million. These funds are expected to be received in the second quarter of 2010.
On Behalf of the Board,
SPANISH MOUNTAIN GOLD LTD
President and CEO
B&D Capital Partners
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. Actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.