Geomechanics.io

  • Free Tools
Sign UpLog In
Built byBoxcut Studio

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

    McEwen’s $55M Ontario asset sale: production growth lens for mine planners
    Mining
    1 day ago

    McEwen’s $55M Ontario asset sale: production growth lens for mine planners

    McEwen has agreed to sell its Fuller and Paymaster gold properties in Ontario’s Timmins district to Discovery Mining for $55 million in cash and stock, freeing capital to push a production target of 250,000–300,000 gold-equivalent ounces per year by 2030. The deal covers 210 hectares at Fuller, a 60% stake in the 179-hectare Paymaster property, and associated surface rights, consolidating Paymaster under Discovery’s Dome Mine subsidiary. Proceeds will be reinvested into the Fox Complex (Froome, Stock, Grey Fox), Nevada’s Gold Bar Complex, and Mexico’s El Gallo build, with Stock Mine slated for first ore in Q4 2026 and commercial output in Q1 2027.

    Lithium Triangle extraction hurdles: hydrogeological insights for project teams
    Mining
    1 day ago

    Lithium Triangle extraction hurdles: hydrogeological insights for project teams

    South America’s Lithium Triangle holds about 64 million tonnes of identified lithium resources (43% of the global 150 million tonnes), yet geologist José Cabello’s review of 43 salt flats across Argentina, Bolivia and Chile shows that variable brine chemistry, impurities and groundwater behaviour make recovery and costs highly site-specific. Salar de Atacama benefits from ultra‑dry climate, relatively clean brines and strong logistics, while other basins such as Altoandinos, Pedernales, Hombre Muerto Oeste, Rincón, Sal de los Ángeles and Sal de Vida face tighter water and hydrogeological constraints. Direct lithium extraction (DLE) could unlock lower‑grade or impurity‑rich brines, but Cabello stresses that trade‑offs between brine withdrawal and freshwater consumption mean technology selection must be tailored to each basin’s hydrology and ecosystem.

    KGHM’s $2.4bn copper projects fast-tracked: CRMA implications for mine planners
    Mining
    1 day ago

    KGHM’s $2.4bn copper projects fast-tracked: CRMA implications for mine planners

    EU regulators have granted strategic status under the Critical Raw Materials Act to KGHM’s 9.5‑billion‑zloty ($2.44bn) Retków‑Grodziszcze mine and Legnica smelter conversion, unlocking faster permitting, streamlined administration and access to preferential financing. Retków‑Grodziszcze is planned to deliver over 100 million tonnes of ore by 2055, yielding about 1.5 million tonnes of copper and 5,000 tonnes of silver, while Legnica’s recycling line targets 135,000 tonnes of electrolytic copper and 250 tonnes of nickel per year. The move materially boosts EU copper and nickel recycling capacity, central to the CRMA’s 25% recycling target.

    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.

    AllGeotechnicalInfrastructureHazardsEnvironmental