Geomechanics.io

  • Free Tools
Sign UpLog In

Geomechanics.io

Geomechanics, Streamlined.

© 2026 Geomechanics.io. All rights reserved.

Geomechanics.io

CMRR-ioGEODB-ioHYDROGEO-ioQCDB-ioFree Tools & CalculatorsBlogLatest Industry News

Industries

MiningConstructionTunnelling

Company

Terms of UsePrivacy PolicyLinkedIn
    Projects
    Contract Award

    Spanish Mountain BC gold project: drilling and NSR deal insights for mine planners

    July 28, 2026|

    Reviewed by Joe Ashwell

    Spanish Mountain BC gold project: drilling and NSR deal insights for mine planners

    First reported on MINING.com

    30 Second Briefing

    Spanish Mountain Gold’s latest drilling at its namesake project in central British Columbia returned a 252-metre intercept grading 0.82 g/t gold from about 76 metres depth, including 94 metres at 1.32 g/t and a 5‑metre interval at 3.23 g/t from 195 metres in hole 26‑DH‑1390, extending Orca fault corridor mineralisation within the main deposit. Additional holes such as 26‑DH‑1386 (10 metres at 2.19 g/t from 296 metres) and 26‑DH‑1388 (69 metres at 0.75 g/t from 217 metres) support ongoing infill and expansion within a 60,000‑metre 2026 drill campaign. The project, backed by a US$55 million Wheaton Precious Metals 1.5% NSR and a PEA for a 26,000 t/d open‑pit over 24.5 years, is targeting a construction decision in 2028.

    Technical Brief

    • Feasibility study work commenced in Q2 2026 to underpin a 2028 construction decision.
    • The 60,000 m 2026 diamond drill programme is ~31% complete, with 16 holes pending assays.
    • Recent 10-hole set targets both broad disseminated mineralisation and higher-grade Orca fault structures in the main deposit.
    • July 14 assays included 27 m at 1.92 g/t Au from ~243 m, confirming continuity of Orca-style zones.
    • Orca fault corridor now recognised as hosting most of the deposit’s higher-grade material, driving updated mine planning.
    • Project lies ~500 km northeast of Vancouver with all-season road access and nearby hydroelectric power infrastructure.
    • PEA outlines a 26,000 t/d open-pit operation over 24.5 years, with US$1.25 billion initial capex.
    • At US$2,450/oz Au and 5% discount rate, PEA economics show ~US$1 billion NPV and 18% IRR, with 3.4-year payback.
    • Eric Sprott holds ~9% equity, while Spanish Mountain’s market capitalisation sits around C$163 million at C$0.31/share.

    Our Take

    The 1.5% NSR royalty on gold and silver at the Spanish Mountain project ties directly to the US$55 million Wheaton Precious Metals financing noted in our related coverage, meaning any upgrade to the 24.5-year mine plan or resource could disproportionately benefit Wheaton’s long-life cash flow profile.

    With an initial capital cost of about C$1.25 billion against an NPV of roughly C$1 billion at a 5% discount rate, the project’s economics sit in the middle of the BC gold project cost curve in our database, so the emerging higher-grade intercepts are likely being watched closely by potential strategic partners looking to de-risk capex.

    Eric Sprott’s 9% equity stake in Spanish Mountain Gold, combined with the Wheaton royalty already in place, suggests the register is increasingly dominated by specialist precious metals capital, which can make it easier to raise follow-on funding but may also push management to prioritise gold output over any copper or silver by-product optimisation.

    Geotechnical Software for Modern Teams

    Centralise site data, logs, and lab results with GEODB-io, CMRR-io, and HYDROGEO-io.

    No credit card required.

    • Save and export unlimited calculations
    • Advanced data visualisation
    • Generate professional PDF reports
    • Cloud storage for all your projects

    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

    Related Articles

    Medallion’s Ravensthorpe drilling: mine design and pit shell implications for engineers
    Mining
    about 3 hours ago

    Medallion’s Ravensthorpe drilling: mine design and pit shell implications for engineers

    High-grade gold–copper mineralisation at Medallion Metals’ Gem deposit within the Ravensthorpe project in Western Australia has been extended eastwards and at depth by recent drilling at the Kundip Mining Centre (KMC). The step-out holes confirm continuity of the Gem lode system beyond previous resource limits, materially enlarging the mineralised footprint within the KMC corridor. For mine planning and geotechnical design, the deeper intercepts signal potential for a larger underground inventory and the need to reassess pit shells, geotechnical domains and long-term development sequencing.

    Resource Industry Network coal campaign: project risk signals for engineers
    Mining
    about 3 hours ago

    Resource Industry Network coal campaign: project risk signals for engineers

    Resource Industry Network is campaigning across Bowen, Surat and Galilee coal regions as Queensland’s revised regulatory frameworks and higher coal royalties threaten margins for miners and the METS supply chain. General manager Dean Kirkwood warns that hundreds of small and mid-sized contractors in Mackay and other hubs – from heavy fabrication workshops to drill and blast service providers – face reduced forward work and curtailed investment in new fleets. For geotechnical and mining engineers, the shift signals tighter project pipelines, delayed brownfield expansions and greater scrutiny on cost and schedule risk in coal-related work.

    Support fleets in mining electrification: design and power notes for planners
    Mining
    about 3 hours ago

    Support fleets in mining electrification: design and power notes for planners

    Battery-electric support fleets, including graders, water carts and service trucks, are emerging as a near-term decarbonisation lever for Australian mines, avoiding the payload and duty-cycle constraints that still limit 220–400 t battery-electric haul trucks. OEMs such as XCMG are field-testing high-voltage, fast-charge support equipment in demanding pit environments, targeting shift-length operation with opportunistic charging during breaks. For mine planners and maintenance teams, this shifts immediate focus to site-wide power distribution, charging bay layout and thermal management of batteries rather than wholesale replacement of primary production fleets.

    Related Industries & Products

    Mining

    Geotechnical software solutions for mining operations including CMRR analysis, hydrogeological testing, and data management.

    Construction

    Quality control software for construction companies with material testing, batch tracking, and compliance management.

    CMRR-io

    Streamline coal mine roof stability assessments with our cloud-based CMRR software featuring automated calculations, multi-scenario analysis, and collaborative workflows.

    HYDROGEO-io

    Comprehensive hydrogeological testing platform for managing, analysing, and reporting on packer tests, lugeon values, and hydraulic conductivity assessments.

    GEODB-io

    Centralised geotechnical data management solution for storing, accessing, and analysing all your site investigation and material testing data.

    AllGeotechnicalMiningInfrastructureMaterialsHazardsEnvironmentalSoftwarePolicy