Spanish Mountain Gold New Announcement

The Concerned Citizens of Quesnel Lake have been watching with interest the developments of Spanish Mountain Gold.

A proposed gold and silver mine, located near Likely, British Columbia. Spanish Mountain Gold has recently released the results of a new preliminary economic assessment (PEA).

This PEA is based on a 20,000 tonnes per day processing rate, with a project life span of 24 years and production of 2.2 million ounces of gold and 1.5million ounces of silver. This is based on the first zone alone, but a two zone project would take this project to a longer life span.

The PEA includes 178 Mt of mill feed and 257 Mt of waste. Tailings from the plant will be stored in a tailings management facility that has been designed to minimize water above the dam. The balance of the site water is managed through a separate water management pond that includes a water treatment plant for any water discharged.

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