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Spanish Mountain Gold ( (TSE:SPA) ) has provided an announcement.
Spanish Mountain Gold reported new assay results from five diamond drill holes completed in the Orca Fault target trend as part of its 2025 Fall Drill Program at the Spanish Mountain Gold project in British Columbia, with standout intercepts including 171.36 metres grading 0.64 g/t gold in hole 25-DH-1315, featuring a higher-grade 102.36-metre interval at 0.92 g/t gold and a 17.00-metre subset at 2.12 g/t gold. The latest results extend and confirm higher-grade mineralization over a 530-metre strike length within the Main deposit’s Orca Fault area, demonstrate strong thickness continuity with prior drilling, and reveal shallow, near-surface grades above the current mineral resource estimate, suggesting that tighter drill spacing is unlocking additional mineral potential that could enhance the scale and quality of the project’s open-pit resource for stakeholders.
The most recent analyst rating on (TSE:SPA) stock is a Hold with a C$0.26 price target. To see the full list of analyst forecasts on Spanish Mountain Gold stock, see the TSE:SPA Stock Forecast page.
Spark’s Take on TSE:SPA Stock
According to Spark, TipRanks’ AI Analyst, TSE:SPA is a Neutral.
The score is held back primarily by weak financial performance (no revenue, ongoing losses and cash burn, worsening TTM free cash flow), partially offset by a low-leverage balance sheet. Technical indicators are supportive (price above key moving averages and positive MACD), while valuation remains pressured by negative earnings and no dividend. Recent corporate updates are constructive, highlighting resource-extension drilling and project-economics initiatives.
To see Spark’s full report on TSE:SPA stock, click here.
More about Spanish Mountain Gold
Spanish Mountain Gold Ltd. is a Canadian mineral exploration and development company focused on advancing its Spanish Mountain Gold project in the Cariboo Gold Corridor of British Columbia. The company is targeting open-pit, near-surface gold resources and is actively expanding and upgrading its mineral resource through systematic diamond drilling on key structural targets such as the Orca Fault within the project’s Main deposit area.
Average Trading Volume: 782,026
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$115.3M
Learn more about SPA stock on TipRanks’ Stock Analysis page.