# Spanish Mountain Gold Receives Positive Particle Ore Sorting Results for the Phoenix Deposit Highlighting Production Upside

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/spanish-mountain-gold-receives-positive-particle-ore-sorting-results-for-the-pho--8ff900fe-88d3-4df1-b6d6-8787ddcd585a

Original source: https://money.tmx.com/en/quote/SPA/news/7588196781310716/spanish-mountain-gold-receives-positive-particle-ore-sorting-results-for-the-pho

Publisher: tmx

Original announcement: 2026-03-02T12:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Spanish Mountain Gold Ltd.

- Ticker: SPA

- Exchange: TSX

- Region: British Columbia

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Metallurgy

- Extracted: 2026-09-18 23:44:53 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Spanish Mountain Gold has announced positive Phase 1 XRT particle ore sorting results for its Phoenix deposit. The tests showed the potential to upgrade feed grades by two or more times while rejecting 50% to 70% of waste mass, with gold recoveries between 85% and 92%.

Reasoning: Positive Phase 1 XRT ore sorting results for the Phoenix deposit demonstrate significant potential to upgrade feed grades and reject waste, which could improve project economics and scale.

- Positive factor: High mass rejection \(50-70%\)

- Positive factor: Significant grade upgrade potential \(2x+\)

- Positive factor: Strong gold recovery \(85-92%\)

- Positive factor: Potential for improved project economics and reduced CAPEX/OPEX

Facts used in scoring: 1

## Classification and evidence

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: The testing aims to optimize ROM feed into the existing mill and process plant.

Evidence · text

> optimize the run-of-mine \(“ ROM ”\) feed material into the Mill and Process Plant

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: Gold recovery from sorting was reported between 85% and 92%, which is strong for this stage.

Evidence · text

> Particle ore sorting resulted 85 % to 92 % recovery of gold

**Single Domain Only**

Polarity: negative

Definition: Testing limited to one composite or domain — representativeness not established.

Why it applies: only one composite was tested

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Metallurgical Results (1)

### XRT sorting

[Link to this fact](https://atlas-extractions.minestarters.com/news/spanish-mountain-gold-receives-positive-particle-ore-sorting-results-for-the-pho--8ff900fe-88d3-4df1-b6d6-8787ddcd585a#fact-metallurgical-facts-0)

Spanish Mountain Gold Project · gold

#### Identity

- Project: Spanish Mountain Gold Project
- Commodity: gold
- Region: canada\_bc
- Reported Region: British Columbia
- Ticker: SPA

#### Test Work

- Program Status: preliminary
- Test Type: XRT sorting
- Processing Route: X-ray transmission \(XRT\) particle ore sorting
- Sample: Phase 1 7.5-cm pieces of half-core samples from Phoenix deposit

#### Recovery

- Recovery: 88.5 %
- Recovery Basis: actual\_test
- Head Grade: 0.48
- Head Grade Unit: g/t

#### Lab

- Laboratory: Saskatchewan Research Council \(SRC\)
- Consultant: ABH Engineering Inc.

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-02T00:00:00.000Z

Reasoning: Strong recovery and high mass rejection indicate significant potential for grade enhancement.

- Positive factor: High mass rejection

- Positive factor: Significant grade upgrade potential

Evidence · text

> Phoenix deposit samples, averaging a grade of 0.48 g/t Au, are shown to have the potential to yield an upgrade of the ROM feed grade by two or more times, while achieving 85% to 92% gold recovery and rejecting 50% to 70% of the sorter feed mass.

## 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.