Spanish Mountain Gold Drills Extensive Mineralization Over 140.67 metres Grading 0.68 g/t Including 1.07 g/t Over 17.00 metres and 0.95 g/t Over 67.31 metres and Extends the Orca Fault Target Trend 130 m to Southeast Drilling 26.46 metres Grading ...

Original announcement by tmx on

Company
Spanish Mountain Gold Ltd.
Ticker
SPA
Exchange
TSX
Region
British Columbia, Canada
Primary commodity
Gold
Secondary commodities
None reported
Document categories
Drill results
Extracted
2026-09-19 00:42:12 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Spanish Mountain Gold reports significant gold drill results from its 2025 Fall Diamond Drill program at the SMG project in British Columbia, Canada. Highlights include 140.67 metres grading 0.68 g/t gold in hole 25-DH-1300, and 102.56 metres grading 0.55 g/t gold in hole 25-DH-1302. The results extend the Orca Fault target trend and demonstrate continuity of higher-grade mineralization, with detailed QA/QC procedures disclosed.

Reasoning: The document reports significant gold drill results from the Orca Fault target, extending mineralization and showing good continuity. The intercepts include wide zones with notable grades, and the company provides detailed QA/QC disclosure. However, the lack of true width information introduces some uncertainty.

Positive factors

  • Extensive mineralization intersected in multiple holes, including high-grade intervals.
  • Drilling extends the Orca Fault target trend, demonstrating continuity.
  • Comprehensive QA/QC procedures are disclosed, including certified lab and QP sign-off.

Negative factors

  • True thickness of mineralization is unknown for all reported intercepts.

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 21

Extracted facts

Stored fact records: 21. Some facts used in scoring do not have a stored record.

Drill Results (21)

25-DH-1300Spanish Mountain · goldGrade: 0.68Grade Unit: g/tIntercept: 140.67 mView all details
Link to this fact

Identity

Hole ID
25-DH-1300
Project
Spanish Mountain
Commodity
gold
Region
canada_bc
Reported Region
canada_bc
Ticker
SPA

Geometry

Grade
0.68
Grade Unit
g/t
Intercept
140.67 m
From
53.84 m
To
194.51 m
Hole Depth
274 m
Intercept Depth
53.84 m

Classification

Program
exploration
Sample Type
drill
Group ID
25-DH-1300:53.84-194.51
Mining Method
open_pit

Location

Easting
604388
Northing
5828063
Elevation
1085 m
Azimuth
120 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS’s analytical facility in Prince George, British Columbia
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.15
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-12-08T00:00:00.000Z

Reasoning: This intercept represents a substantial width of gold mineralization at a good grade, contributing positively to the project's potential. The program aims to extend the Orca Fault target, which this hole supports. The lack of true width is a minor negative.

Positive factors

  • Significant intercept length and good grade for an open-pit gold project.
  • Part of a program extending known mineralization.

Negative factors

  • True thickness is unknown.

Evidence · table

“0.68”

Context: 140.67

Tags used in scoring

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: True thickness of mineralization is unknown as the project is still at the exploration stage.

Evidence · table

“Note 3)”

Context: 140.67

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration.

Evidence · text

“The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration (as described below).”

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: Reported intersections are calculated using a 0.15 g/t Au cut-off grade.

Evidence · table

“0.15 g/t Au cut-off grade”

Context: Reported intersections are calculated using a

25-DH-1300Spanish Mountain · goldGrade: 0.7Grade Unit: g/tIntercept: 31.99 mView all details
Link to this fact

Identity

Hole ID
25-DH-1300
Project
Spanish Mountain
Commodity
gold
Region
canada_bc
Reported Region
canada_bc
Ticker
SPA

Geometry

Grade
0.7
Grade Unit
g/t
Intercept
31.99 m
From
53.84 m
To
85.83 m
Hole Depth
274 m
Intercept Depth
53.84 m

Classification

Program
exploration
Sample Type
drill
Group ID
25-DH-1300:53.84-85.83
Mining Method
open_pit

Location

Easting
604388
Northing
5828063
Elevation
1085 m
Azimuth
120 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS’s analytical facility in Prince George, British Columbia
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.15
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-12-08T00:00:00.000Z

Reasoning: This is a solid sub-interval within the broader intercept, contributing to the overall positive results. The grade is consistent with the main interval. The lack of true width is a minor negative.

Positive factors

  • Good grade and width within a larger mineralized zone.

Negative factors

  • True thickness is unknown.

Evidence · table

“0.70”

Context: 31.99

Tags used in scoring

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: True thickness of mineralization is unknown as the project is still at the exploration stage.

Evidence · table

“Note 3)”

Context: 31.99

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration.

Evidence · text

“The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration (as described below).”

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: Reported intersections are calculated using a 0.15 g/t Au cut-off grade.

Evidence · table

“0.15 g/t Au cut-off grade”

Context: Reported intersections are calculated using a

25-DH-1300Spanish Mountain · goldGrade: 1.07Grade Unit: g/tIntercept: 17 mView all details
Link to this fact

Identity

Hole ID
25-DH-1300
Project
Spanish Mountain
Commodity
gold
Region
canada_bc
Reported Region
canada_bc
Ticker
SPA

Geometry

Grade
1.07
Grade Unit
g/t
Intercept
17 m
From
67 m
To
84 m
Hole Depth
274 m
Intercept Depth
53.84 m

Classification

Program
exploration
Sample Type
drill
Group ID
25-DH-1300:67-84
Mining Method
open_pit

Location

Easting
604388
Northing
5828063
Elevation
1085 m
Azimuth
120 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS’s analytical facility in Prince George, British Columbia
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.15
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-12-08T00:00:00.000Z

Reasoning: This high-grade sub-interval is a strong positive, indicating zones of richer mineralization within the overall intercept. The grade is above the moderate threshold for an open-pit gold project. The lack of true width is a minor negative.

Positive factors

  • High-grade interval within the broader mineralization, exceeding 1 g/t gold.

Negative factors

  • True thickness is unknown.

Evidence · table

“1.07”

Context: 17.00

Tags used in scoring

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: True thickness of mineralization is unknown as the project is still at the exploration stage.

Evidence · table

“Note 3)”

Context: 17.00

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration.

Evidence · text

“The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration (as described below).”

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: Reported intersections are calculated using a 0.15 g/t Au cut-off grade.

Evidence · table

“0.15 g/t Au cut-off grade”

Context: Reported intersections are calculated using a

25-DH-1300Spanish Mountain · goldGrade: 0.86Grade Unit: g/tIntercept: 75.2 mView all details
Link to this fact

Identity

Hole ID
25-DH-1300
Project
Spanish Mountain
Commodity
gold
Region
canada_bc
Reported Region
canada_bc
Ticker
SPA

Geometry

Grade
0.86
Grade Unit
g/t
Intercept
75.2 m
From
127.2 m
To
202.4 m
Hole Depth
274 m
Intercept Depth
53.84 m

Classification

Program
exploration
Sample Type
drill
Group ID
25-DH-1300:127.2-202.4
Mining Method
open_pit

Location

Easting
604388
Northing
5828063
Elevation
1085 m
Azimuth
120 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS’s analytical facility in Prince George, British Columbia
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.15
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-12-08T00:00:00.000Z

Reasoning: This is a solid sub-interval within the broader intercept, contributing to the overall positive results. The grade is consistent with the main interval. The lack of true width is a minor negative.

Positive factors

  • Good grade and width within a larger mineralized zone.

Negative factors

  • True thickness is unknown.

Evidence · table

“0.86”

Context: 75.20

Tags used in scoring

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: True thickness of mineralization is unknown as the project is still at the exploration stage.

Evidence · table

“Note 3)”

Context: 75.20

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration.

Evidence · text

“The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration (as described below).”

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: Reported intersections are calculated using a 0.15 g/t Au cut-off grade.

Evidence · table

“0.15 g/t Au cut-off grade”

Context: Reported intersections are calculated using a

25-DH-1300Spanish Mountain · goldGrade: 0.95Grade Unit: g/tIntercept: 67.31 mView all details
Link to this fact

Identity

Hole ID
25-DH-1300
Project
Spanish Mountain
Commodity
gold
Region
canada_bc
Reported Region
canada_bc
Ticker
SPA

Geometry

Grade
0.95
Grade Unit
g/t
Intercept
67.31 m
From
127.2 m
To
194.51 m
Hole Depth
274 m
Intercept Depth
53.84 m

Classification

Program
exploration
Sample Type
drill
Group ID
25-DH-1300:127.2-194.51
Mining Method
open_pit

Location

Easting
604388
Northing
5828063
Elevation
1085 m
Azimuth
120 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS’s analytical facility in Prince George, British Columbia
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.15
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-12-08T00:00:00.000Z

Reasoning: This is a solid sub-interval within the broader intercept, contributing to the overall positive results. The grade is consistent with the main interval. The lack of true width is a minor negative.

Positive factors

  • Good grade and width within a larger mineralized zone.

Negative factors

  • True thickness is unknown.

Evidence · table

“0.95”

Context: 67.31

Tags used in scoring

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: True thickness of mineralization is unknown as the project is still at the exploration stage.

Evidence · table

“Note 3)”

Context: 67.31

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration.

Evidence · text

“The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration (as described below).”

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: Reported intersections are calculated using a 0.15 g/t Au cut-off grade.

Evidence · table

“0.15 g/t Au cut-off grade”

Context: Reported intersections are calculated using a

25-DH-1300Spanish Mountain · goldGrade: 1.37Grade Unit: g/tIntercept: 32.51 mView all details
Link to this fact

Identity

Hole ID
25-DH-1300
Project
Spanish Mountain
Commodity
gold
Region
canada_bc
Reported Region
canada_bc
Ticker
SPA

Geometry

Grade
1.37
Grade Unit
g/t
Intercept
32.51 m
From
162 m
To
194.51 m
Hole Depth
274 m
Intercept Depth
53.84 m

Classification

Program
exploration
Sample Type
drill
Group ID
25-DH-1300:162-194.51
Mining Method
open_pit

Location

Easting
604388
Northing
5828063
Elevation
1085 m
Azimuth
120 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS’s analytical facility in Prince George, British Columbia
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.15
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-12-08T00:00:00.000Z

Reasoning: This high-grade sub-interval is a strong positive, indicating zones of richer mineralization within the overall intercept. The grade is above the moderate threshold for an open-pit gold project. The lack of true width is a minor negative.

Positive factors

  • High-grade interval within the broader mineralization.

Negative factors

  • True thickness is unknown.

Evidence · table

“1.37”

Context: 32.51

Tags used in scoring

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: True thickness of mineralization is unknown as the project is still at the exploration stage.

Evidence · table

“Note 3)”

Context: 32.51

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration.

Evidence · text

“The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration (as described below).”

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: Reported intersections are calculated using a 0.15 g/t Au cut-off grade.

Evidence · table

“0.15 g/t Au cut-off grade”

Context: Reported intersections are calculated using a

25-DH-1300Spanish Mountain · goldGrade: 2.85Grade Unit: g/tIntercept: 12.78 mView all details
Link to this fact

Identity

Hole ID
25-DH-1300
Project
Spanish Mountain
Commodity
gold
Region
canada_bc
Reported Region
canada_bc
Ticker
SPA

Geometry

Grade
2.85
Grade Unit
g/t
Intercept
12.78 m
From
181.73 m
To
194.51 m
Hole Depth
274 m
Intercept Depth
53.84 m

Classification

Program
exploration
Sample Type
drill
Group ID
25-DH-1300:181.73-194.51
Mining Method
open_pit

Location

Easting
604388
Northing
5828063
Elevation
1085 m
Azimuth
120 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS’s analytical facility in Prince George, British Columbia
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.15
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-12-08T00:00:00.000Z

Reasoning: This is an excellent high-grade intercept, well above the strong threshold for an open-pit gold project, indicating significant potential. The lack of true width is a minor negative.

Positive factors

  • Very high-grade interval, significantly above the project's average and open-pit thresholds.

Negative factors

  • True thickness is unknown.

Evidence · table

“2.85”

Context: 12.78

Tags used in scoring

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: True thickness of mineralization is unknown as the project is still at the exploration stage.

Evidence · table

“Note 3)”

Context: 12.78

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration.

Evidence · text

“The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration (as described below).”

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: Reported intersections are calculated using a 0.15 g/t Au cut-off grade.

Evidence · table

“0.15 g/t Au cut-off grade”

Context: Reported intersections are calculated using a

25-DH-1300Spanish Mountain · goldGrade: 1.99Grade Unit: g/tIntercept: 3.86 mView all details
Link to this fact

Identity

Hole ID
25-DH-1300
Project
Spanish Mountain
Commodity
gold
Region
canada_bc
Reported Region
canada_bc
Ticker
SPA

Geometry

Grade
1.99
Grade Unit
g/t
Intercept
3.86 m
From
253.94 m
To
257.8 m
Hole Depth
274 m
Intercept Depth
53.84 m

Classification

Program
exploration
Sample Type
drill
Group ID
25-DH-1300:253.94-257.8
Mining Method
open_pit

Location

Easting
604388
Northing
5828063
Elevation
1085 m
Azimuth
120 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS’s analytical facility in Prince George, British Columbia
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.15
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-12-08T00:00:00.000Z

Reasoning: This is a high-grade but narrow intercept, which is positive but less material than wider zones. The grade is above the moderate threshold for an open-pit gold project. The lack of true width is a minor negative.

Positive factors

  • High-grade intercept, indicating potential for discrete high-grade zones.

Negative factors

  • Relatively narrow width.
  • True thickness is unknown.

Evidence · table

“1.99”

Context: 3.86

Tags used in scoring

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: True thickness of mineralization is unknown as the project is still at the exploration stage.

Evidence · table

“Note 3)”

Context: 3.86

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration.

Evidence · text

“The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration (as described below).”

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: Reported intersections are calculated using a 0.15 g/t Au cut-off grade.

Evidence · table

“0.15 g/t Au cut-off grade”

Context: Reported intersections are calculated using a

25-DH-1302Spanish Mountain · goldGrade: 0.55Grade Unit: g/tIntercept: 102.56 mView all details
Link to this fact

Identity

Hole ID
25-DH-1302
Project
Spanish Mountain
Commodity
gold
Region
canada_bc
Reported Region
canada_bc
Ticker
SPA

Geometry

Grade
0.55
Grade Unit
g/t
Intercept
102.56 m
From
49.64 m
To
152.2 m
Hole Depth
282 m
Intercept Depth
49.64 m

Classification

Program
exploration
Sample Type
drill
Group ID
25-DH-1302:49.64-152.2
Mining Method
open_pit

Location

Easting
604194
Northing
5828180
Elevation
1066 m
Azimuth
120 °
Dip
-63 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS’s analytical facility in Prince George, British Columbia
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.15
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-12-08T00:00:00.000Z

Reasoning: This intercept represents a substantial width of gold mineralization at a good grade, contributing positively to the project's potential and extending the known mineralization. The lack of true width is a minor negative.

Positive factors

  • Significant intercept length and good grade for an open-pit gold project.
  • Extends gold mineralization to the northwest.

Negative factors

  • True thickness is unknown.

Evidence · table

“0.55”

Context: 102.56

Tags used in scoring

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: True thickness of mineralization is unknown as the project is still at the exploration stage.

Evidence · table

“Note 3)”

Context: 102.56

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration.

Evidence · text

“The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration (as described below).”

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: Reported intersections are calculated using a 0.15 g/t Au cut-off grade.

Evidence · table

“0.15 g/t Au cut-off grade”

Context: Reported intersections are calculated using a

25-DH-1302Spanish Mountain · goldGrade: 0.81Grade Unit: g/tIntercept: 47.99 mView all details
Link to this fact

Identity

Hole ID
25-DH-1302
Project
Spanish Mountain
Commodity
gold
Region
canada_bc
Reported Region
canada_bc
Ticker
SPA

Geometry

Grade
0.81
Grade Unit
g/t
Intercept
47.99 m
From
49.64 m
To
97.63 m
Hole Depth
282 m
Intercept Depth
49.64 m

Classification

Program
exploration
Sample Type
drill
Group ID
25-DH-1302:49.64-97.63
Mining Method
open_pit

Location

Easting
604194
Northing
5828180
Elevation
1066 m
Azimuth
120 °
Dip
-63 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS’s analytical facility in Prince George, British Columbia
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.15
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-12-08T00:00:00.000Z

Reasoning: This is a solid sub-interval within the broader intercept, contributing to the overall positive results. The grade is consistent with the main interval. The lack of true width is a minor negative.

Positive factors

  • Good grade and width within a larger mineralized zone.

Negative factors

  • True thickness is unknown.

Evidence · table

“0.81”

Context: 47.99

Tags used in scoring

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: True thickness of mineralization is unknown as the project is still at the exploration stage.

Evidence · table

“Note 3)”

Context: 47.99

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration.

Evidence · text

“The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration (as described below).”

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: Reported intersections are calculated using a 0.15 g/t Au cut-off grade.

Evidence · table

“0.15 g/t Au cut-off grade”

Context: Reported intersections are calculated using a

25-DH-1302Spanish Mountain · goldGrade: 1.15Grade Unit: g/tIntercept: 27.27 mView all details
Link to this fact

Identity

Hole ID
25-DH-1302
Project
Spanish Mountain
Commodity
gold
Region
canada_bc
Reported Region
canada_bc
Ticker
SPA

Geometry

Grade
1.15
Grade Unit
g/t
Intercept
27.27 m
From
67.45 m
To
94.72 m
Hole Depth
282 m
Intercept Depth
49.64 m

Classification

Program
exploration
Sample Type
drill
Group ID
25-DH-1302:67.45-94.72
Mining Method
open_pit

Location

Easting
604194
Northing
5828180
Elevation
1066 m
Azimuth
120 °
Dip
-63 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS’s analytical facility in Prince George, British Columbia
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.15
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-12-08T00:00:00.000Z

Reasoning: This high-grade sub-interval is a strong positive, indicating zones of richer mineralization within the overall intercept. The grade is above the moderate threshold for an open-pit gold project. The lack of true width is a minor negative.

Positive factors

  • High-grade interval within the broader mineralization, exceeding 1 g/t gold.

Negative factors

  • True thickness is unknown.

Evidence · table

“1.15”

Context: 27.27

Tags used in scoring

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: True thickness of mineralization is unknown as the project is still at the exploration stage.

Evidence · table

“Note 3)”

Context: 27.27

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration.

Evidence · text

“The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration (as described below).”

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: Reported intersections are calculated using a 0.15 g/t Au cut-off grade.

Evidence · table

“0.15 g/t Au cut-off grade”

Context: Reported intersections are calculated using a

25-DH-1302Spanish Mountain · goldGrade: 1.44Grade Unit: g/tIntercept: 12.63 mView all details
Link to this fact

Identity

Hole ID
25-DH-1302
Project
Spanish Mountain
Commodity
gold
Region
canada_bc
Reported Region
canada_bc
Ticker
SPA

Geometry

Grade
1.44
Grade Unit
g/t
Intercept
12.63 m
From
82.09 m
To
94.72 m
Hole Depth
282 m
Intercept Depth
49.64 m

Classification

Program
exploration
Sample Type
drill
Group ID
25-DH-1302:82.09-94.72
Mining Method
open_pit

Location

Easting
604194
Northing
5828180
Elevation
1066 m
Azimuth
120 °
Dip
-63 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS’s analytical facility in Prince George, British Columbia
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.15
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-12-08T00:00:00.000Z

Reasoning: This high-grade sub-interval is a strong positive, indicating zones of richer mineralization within the overall intercept. The grade is above the moderate threshold for an open-pit gold project. The lack of true width is a minor negative.

Positive factors

  • High-grade interval within the broader mineralization.

Negative factors

  • True thickness is unknown.

Evidence · table

“1.44”

Context: 12.63

Tags used in scoring

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: True thickness of mineralization is unknown as the project is still at the exploration stage.

Evidence · table

“Note 3)”

Context: 12.63

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration.

Evidence · text

“The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration (as described below).”

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: Reported intersections are calculated using a 0.15 g/t Au cut-off grade.

Evidence · table

“0.15 g/t Au cut-off grade”

Context: Reported intersections are calculated using a

25-DH-1302Spanish Mountain · goldGrade: 0.5Grade Unit: g/tIntercept: 73.11 mView all details
Link to this fact

Identity

Hole ID
25-DH-1302
Project
Spanish Mountain
Commodity
gold
Region
canada_bc
Reported Region
canada_bc
Ticker
SPA

Geometry

Grade
0.5
Grade Unit
g/t
Intercept
73.11 m
From
200.64 m
To
273.75 m
Hole Depth
282 m
Intercept Depth
49.64 m

Classification

Program
exploration
Sample Type
drill
Group ID
25-DH-1302:200.64-273.75
Mining Method
open_pit

Location

Easting
604194
Northing
5828180
Elevation
1066 m
Azimuth
120 °
Dip
-63 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS’s analytical facility in Prince George, British Columbia
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.15
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-12-08T00:00:00.000Z

Reasoning: This deeper intercept shows good width and grade, suggesting continuity of mineralization at depth, which is a positive for resource expansion. The lack of true width is a minor negative.

Positive factors

  • Significant intercept length and good grade for an open-pit gold project.
  • Indicates deeper mineralization potential.

Negative factors

  • True thickness is unknown.

Evidence · table

“0.50”

Context: 73.11

Tags used in scoring

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: True thickness of mineralization is unknown as the project is still at the exploration stage.

Evidence · table

“Note 3)”

Context: 73.11

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration.

Evidence · text

“The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration (as described below).”

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: Reported intersections are calculated using a 0.15 g/t Au cut-off grade.

Evidence · table

“0.15 g/t Au cut-off grade”

Context: Reported intersections are calculated using a

25-DH-1302Spanish Mountain · goldGrade: 0.77Grade Unit: g/tIntercept: 33.15 mView all details
Link to this fact

Identity

Hole ID
25-DH-1302
Project
Spanish Mountain
Commodity
gold
Region
canada_bc
Reported Region
canada_bc
Ticker
SPA

Geometry

Grade
0.77
Grade Unit
g/t
Intercept
33.15 m
From
225.75 m
To
258.9 m
Hole Depth
282 m
Intercept Depth
49.64 m

Classification

Program
exploration
Sample Type
drill
Group ID
25-DH-1302:225.75-258.9
Mining Method
open_pit

Location

Easting
604194
Northing
5828180
Elevation
1066 m
Azimuth
120 °
Dip
-63 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS’s analytical facility in Prince George, British Columbia
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.15
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-12-08T00:00:00.000Z

Reasoning: This is a solid sub-interval within the deeper intercept, contributing to the overall positive results. The grade is consistent with the main interval. The lack of true width is a minor negative.

Positive factors

  • Good grade and width within a deeper mineralized zone.

Negative factors

  • True thickness is unknown.

Evidence · table

“0.77”

Context: 33.15

Tags used in scoring

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: True thickness of mineralization is unknown as the project is still at the exploration stage.

Evidence · table

“Note 3)”

Context: 33.15

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration.

Evidence · text

“The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration (as described below).”

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: Reported intersections are calculated using a 0.15 g/t Au cut-off grade.

Evidence · table

“0.15 g/t Au cut-off grade”

Context: Reported intersections are calculated using a

25-DH-1302Spanish Mountain · goldGrade: 1.23Grade Unit: g/tIntercept: 16.38 mView all details
Link to this fact

Identity

Hole ID
25-DH-1302
Project
Spanish Mountain
Commodity
gold
Region
canada_bc
Reported Region
canada_bc
Ticker
SPA

Geometry

Grade
1.23
Grade Unit
g/t
Intercept
16.38 m
From
242.52 m
To
258.9 m
Hole Depth
282 m
Intercept Depth
49.64 m

Classification

Program
exploration
Sample Type
drill
Group ID
25-DH-1302:242.52-258.9
Mining Method
open_pit

Location

Easting
604194
Northing
5828180
Elevation
1066 m
Azimuth
120 °
Dip
-63 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS’s analytical facility in Prince George, British Columbia
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.15
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-12-08T00:00:00.000Z

Reasoning: This high-grade sub-interval is a strong positive, indicating zones of richer mineralization within the overall deeper intercept. The grade is above the moderate threshold for an open-pit gold project. The lack of true width is a minor negative.

Positive factors

  • High-grade interval within the deeper mineralization.

Negative factors

  • True thickness is unknown.

Evidence · table

“1.23”

Context: 16.38

Tags used in scoring

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: True thickness of mineralization is unknown as the project is still at the exploration stage.

Evidence · table

“Note 3)”

Context: 16.38

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration.

Evidence · text

“The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration (as described below).”

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: Reported intersections are calculated using a 0.15 g/t Au cut-off grade.

Evidence · table

“0.15 g/t Au cut-off grade”

Context: Reported intersections are calculated using a

25-DH-1304Spanish Mountain · goldGrade: 1.34Grade Unit: g/tIntercept: 3.2 mView all details
Link to this fact

Identity

Hole ID
25-DH-1304
Project
Spanish Mountain
Commodity
gold
Region
canada_bc
Reported Region
canada_bc
Ticker
SPA

Geometry

Grade
1.34
Grade Unit
g/t
Intercept
3.2 m
From
39.5 m
To
42.7 m
Hole Depth
225 m
Intercept Depth
39.5 m

Classification

Program
exploration
Sample Type
drill
Group ID
25-DH-1304:39.5-42.7
Mining Method
open_pit

Location

Easting
604536
Northing
5827986
Elevation
1067 m
Azimuth
120 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS’s analytical facility in Prince George, British Columbia
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.15
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-12-08T00:00:00.000Z

Reasoning: This is a high-grade but narrow intercept, which is positive but less material than wider zones. The grade is above the moderate threshold for an open-pit gold project. The lack of true width is a minor negative.

Positive factors

  • High-grade intercept, indicating potential for discrete high-grade zones.

Negative factors

  • Relatively narrow width.
  • True thickness is unknown.

Evidence · table

“1.34”

Context: 3.20

Tags used in scoring

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: True thickness of mineralization is unknown as the project is still at the exploration stage.

Evidence · table

“Note 3)”

Context: 3.20

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration.

Evidence · text

“The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration (as described below).”

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: Reported intersections are calculated using a 0.15 g/t Au cut-off grade.

Evidence · table

“0.15 g/t Au cut-off grade”

Context: Reported intersections are calculated using a

25-DH-1304Spanish Mountain · goldGrade: 5.44Grade Unit: g/tIntercept: 0.7 mView all details
Link to this fact

Identity

Hole ID
25-DH-1304
Project
Spanish Mountain
Commodity
gold
Region
canada_bc
Reported Region
canada_bc
Ticker
SPA

Geometry

Grade
5.44
Grade Unit
g/t
Intercept
0.7 m
From
42 m
To
42.7 m
Hole Depth
225 m
Intercept Depth
39.5 m

Classification

Program
exploration
Sample Type
drill
Group ID
25-DH-1304:42-42.7
Mining Method
open_pit

Location

Easting
604536
Northing
5827986
Elevation
1067 m
Azimuth
120 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS’s analytical facility in Prince George, British Columbia
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.15
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-12-08T00:00:00.000Z

Reasoning: This is an exceptionally high-grade but very narrow intercept, indicating the presence of bonanza-grade gold. While narrow, it's a strong positive for the potential of high-grade veins. The lack of true width is a minor negative.

Positive factors

  • Bonanza grade intercept, significantly above the exceptional threshold for an open-pit gold project.

Negative factors

  • Very narrow width.
  • True thickness is unknown.

Evidence · table

“5.44”

Context: 0.70

Tags used in scoring

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The intercept of 5.44 g/t gold is significantly above the exceptional threshold of 5 g/t for an open-pit gold project.

Evidence · table

“5.44”

Context: 0.70

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: True thickness of mineralization is unknown as the project is still at the exploration stage.

Evidence · table

“Note 3)”

Context: 0.70

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration.

Evidence · text

“The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration (as described below).”

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: Reported intersections are calculated using a 0.15 g/t Au cut-off grade.

Evidence · table

“0.15 g/t Au cut-off grade”

Context: Reported intersections are calculated using a

25-DH-1304Spanish Mountain · goldGrade: 0.8Grade Unit: g/tIntercept: 26.46 mView all details
Link to this fact

Identity

Hole ID
25-DH-1304
Project
Spanish Mountain
Commodity
gold
Region
canada_bc
Reported Region
canada_bc
Ticker
SPA

Geometry

Grade
0.8
Grade Unit
g/t
Intercept
26.46 m
From
62.72 m
To
89.18 m
Hole Depth
225 m
Intercept Depth
39.5 m

Classification

Program
exploration
Sample Type
drill
Group ID
25-DH-1304:62.72-89.18
Mining Method
open_pit

Location

Easting
604536
Northing
5827986
Elevation
1067 m
Azimuth
120 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS’s analytical facility in Prince George, British Columbia
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.15
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-12-08T00:00:00.000Z

Reasoning: This intercept shows good width and grade, contributing to the extension of the Orca Fault target to the southeast. The grade is above the moderate threshold for an open-pit gold project. The lack of true width is a minor negative.

Positive factors

  • Good intercept length and grade, extending mineralization to the southeast.

Negative factors

  • True thickness is unknown.

Evidence · table

“0.80”

Context: 26.46

Tags used in scoring

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: True thickness of mineralization is unknown as the project is still at the exploration stage.

Evidence · table

“Note 3)”

Context: 26.46

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration.

Evidence · text

“The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration (as described below).”

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: Reported intersections are calculated using a 0.15 g/t Au cut-off grade.

Evidence · table

“0.15 g/t Au cut-off grade”

Context: Reported intersections are calculated using a

25-DH-1304Spanish Mountain · goldGrade: 0.97Grade Unit: g/tIntercept: 19.17 mView all details
Link to this fact

Identity

Hole ID
25-DH-1304
Project
Spanish Mountain
Commodity
gold
Region
canada_bc
Reported Region
canada_bc
Ticker
SPA

Geometry

Grade
0.97
Grade Unit
g/t
Intercept
19.17 m
From
62.72 m
To
81.89 m
Hole Depth
225 m
Intercept Depth
39.5 m

Classification

Program
exploration
Sample Type
drill
Group ID
25-DH-1304:62.72-81.89
Mining Method
open_pit

Location

Easting
604536
Northing
5827986
Elevation
1067 m
Azimuth
120 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS’s analytical facility in Prince George, British Columbia
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.15
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-12-08T00:00:00.000Z

Reasoning: This is a solid sub-interval within the broader intercept, contributing to the overall positive results. The grade is consistent with the main interval. The lack of true width is a minor negative.

Positive factors

  • Good grade and width within a larger mineralized zone.

Negative factors

  • True thickness is unknown.

Evidence · table

“0.97”

Context: 19.17

Tags used in scoring

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: True thickness of mineralization is unknown as the project is still at the exploration stage.

Evidence · table

“Note 3)”

Context: 19.17

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration.

Evidence · text

“The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration (as described below).”

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: Reported intersections are calculated using a 0.15 g/t Au cut-off grade.

Evidence · table

“0.15 g/t Au cut-off grade”

Context: Reported intersections are calculated using a

25-DH-1304Spanish Mountain · goldGrade: 1.61Grade Unit: g/tIntercept: 8.03 mView all details
Link to this fact

Identity

Hole ID
25-DH-1304
Project
Spanish Mountain
Commodity
gold
Region
canada_bc
Reported Region
canada_bc
Ticker
SPA

Geometry

Grade
1.61
Grade Unit
g/t
Intercept
8.03 m
From
62.72 m
To
70.75 m
Hole Depth
225 m
Intercept Depth
39.5 m

Classification

Program
exploration
Sample Type
drill
Group ID
25-DH-1304:62.72-70.75
Mining Method
open_pit

Location

Easting
604536
Northing
5827986
Elevation
1067 m
Azimuth
120 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS’s analytical facility in Prince George, British Columbia
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.15
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-12-08T00:00:00.000Z

Reasoning: This high-grade sub-interval is a strong positive, indicating zones of richer mineralization within the overall intercept. The grade is above the moderate threshold for an open-pit gold project. The lack of true width is a minor negative.

Positive factors

  • High-grade interval within the broader mineralization.

Negative factors

  • True thickness is unknown.

Evidence · table

“1.61”

Context: 8.03

Tags used in scoring

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: True thickness of mineralization is unknown as the project is still at the exploration stage.

Evidence · table

“Note 3)”

Context: 8.03

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration.

Evidence · text

“The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration (as described below).”

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: Reported intersections are calculated using a 0.15 g/t Au cut-off grade.

Evidence · table

“0.15 g/t Au cut-off grade”

Context: Reported intersections are calculated using a

25-DH-1304Spanish Mountain · goldGrade: 2.26Grade Unit: g/tIntercept: 4.28 mView all details
Link to this fact

Identity

Hole ID
25-DH-1304
Project
Spanish Mountain
Commodity
gold
Region
canada_bc
Reported Region
canada_bc
Ticker
SPA

Geometry

Grade
2.26
Grade Unit
g/t
Intercept
4.28 m
From
62.72 m
To
67 m
Hole Depth
225 m
Intercept Depth
39.5 m

Classification

Program
exploration
Sample Type
drill
Group ID
25-DH-1304:62.72-67
Mining Method
open_pit

Location

Easting
604536
Northing
5827986
Elevation
1067 m
Azimuth
120 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
MSALABS’s analytical facility in Prince George, British Columbia
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Cutoff Grade
0.15
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2025-12-08T00:00:00.000Z

Reasoning: This is an excellent high-grade intercept, well above the strong threshold for an open-pit gold project, indicating significant potential. The lack of true width is a minor negative.

Positive factors

  • Very high-grade interval, significantly above the project's average and open-pit thresholds.

Negative factors

  • True thickness is unknown.

Evidence · table

“2.26”

Context: 4.28

Tags used in scoring

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: True thickness of mineralization is unknown as the project is still at the exploration stage.

Evidence · table

“Note 3)”

Context: 4.28

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration.

Evidence · text

“The Company inserts quality control (QC) samples at regular intervals, including blanks and reference materials, for all sample shipments to monitor laboratory performance. Standards and blanks account for a minimum of 20% of the samples in addition to the laboratory’s internal quality assurance programs. The QAQC program was overseen by the Company’s Qualified Person, Julian Manco, P.Geo, Director of Exploration (as described below).”

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: Reported intersections are calculated using a 0.15 g/t Au cut-off grade.

Evidence · table

“0.15 g/t Au cut-off grade”

Context: Reported intersections are calculated using a

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.