Spanish Mountain Gold - Progress on track

Thursday, Apr 12 2012 by

Apr 12th 2012 - Edison Investment Research today published a report on Spanish Mountain Gold entitled "Progress On Track". In summary, the report says:

Spanish Mountain Gold’s expectations that the measured and indicated resources at the Main Zone will rise to 3Moz with 2.5Moz recoverable have been encouraged by the latest figures for the in-fill drilling announced on 3 April 2012. These support management’s hopes, put forward in the March 2012 presentation, for 200,000+oz of gold production a year for more than 12 years opencast mining. This would be a major improvement on the 10-year production life of the mine as estimated in the preliminary economic assessment (PEA) of November 2010.




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