Sep 06, 2011
Spanish Mountain Gold Ltd. (the "Company") (SPA-TSXV) announces that Ron Halas has resigned as the Company's Chief Operating Officer with immediate effect. The Company wishes Mr. Halas the best in his future endeavours and has no immediate plan to fill this vacancy.
The Company is pleased to report that Morris Beattie has agreed to lead the Pre-Feasibility Study for the Spanish Mountain Gold Project (the "Project"), the commencement of which was announced in a news release dated August 31, 2011. Dr. Beattie has over 40 years of technical and corporate experience in the mining industry covering every aspect of project development around the world. He joined the Company's Board of Directors in March 2011 and has been intimately involved with the Project since mid-2009. The Company's website gives a more detailed profile of Dr. Beattie's distinguished career in mining.
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. The Company has more than $20 million in working capital, has 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
President and CEO
B&D Capital Partners
This News Release contains forward-looking statements. Forward looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking-statements. Management has assumed that these will be our major projects going forward. Risks include that we are unable to satisfy environmental or other regulators, that we determine that our resources are not commercially viable, or that we have difficulties due to unavailability of labour or equipment.
While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggests herein. Except as required by applicable law the Company does not intend to update any forward-looking statements to conform these statements to actual results.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.