en.Wedoany.com Reported - Spanish Mountain Gold (TSX-V:SPA) has released assay results from seven diamond drill holes at its namesake project in the Cariboo gold belt of British Columbia, Canada.

These holes are part of the company's 2026 feasibility study program, which aims to increase confidence in mineral resource estimates through infill drilling. The program has a total planned meterage of 60,000 meters, with approximately 17,100 meters drilled to date and assay results pending for 19 additional holes.

The most prominent result came from hole 26-DH-1376, which intersected 303.18 meters grading 0.5 g/t gold starting at 76.02 meters, including an 80.15-meter section grading 0.83 g/t gold from 205 meters, and a 27.2-meter vein cluster grading 1.92 g/t gold from 242.8 meters.

Spanish Mountain Gold stated that the same hole also encountered an upper mineralized zone, intersecting 209.13 meters grading 0.61 g/t gold from 76.02 meters, including 24.83 meters grading 1.22 g/t gold from 76.02 meters, and a near-surface 9.7-meter section grading 2.72 g/t gold from 89 meters. The company noted that mineralization remains open at depth and is interpreted to align with the top of a third hard mudstone target identified in 2024.

Holes 26-DH-1374 and 26-DH-1376 were designed to test the Orca fault corridor west of the main deposit. Hole 26-DH-1374 intersected 364 meters grading 0.24 g/t gold from 9 meters, including 80 meters grading 0.54 g/t gold from 123 meters, with internal intervals of 15.7 meters grading 0.61 g/t gold from 130.4 meters and 34 meters grading 0.65 g/t gold from 162 meters.

Hole 26-DH-1379 encountered three separate mineralized zones associated with the Orca fault corridor. The company stated that these results support structural continuity within a 314-meter intersection grading 0.35 g/t gold starting at 14 meters. The deepest mineralized zone intersected 107 meters grading 0.56 g/t gold from 221 meters, including 53.1 meters grading 0.85 g/t gold from 270.9 meters.

To the south of the main deposit, hole 26-DH-1378 intersected 243.1 meters grading 0.38 g/t gold from 39.55 meters, including a strong near-surface mineralized zone of 60.65 meters grading 0.93 g/t gold from 39.55 meters, with internal intervals of 2.2 meters grading 3.97 g/t gold from 98 meters and a narrow Orca-type vein of 0.7 meters grading 56.61 g/t gold from 57.8 meters.

Exploration Director Julian Manco stated that the drilling demonstrates continuity along the interpreted Orca corridor and confirms structural continuity between multiple mineralized zones. Manco said these results continue to expand understanding of mineralization in the Orca fault corridor and its potential contribution to the feasibility study.

In May 2026, Spanish Mountain Gold received the first payment of $22.5 million from Wheaton Precious Metals (NYSE:WPM), as part of the sale of a 1.5% net smelter return for $55 million. The company stated that the feasibility study is fully funded and is expected to support a construction decision by 2028.