Vancouver, BC - Spanish Mountain Gold Ltd. (the “Company”) (TSX-V:SPA) has accepted a letter of resignation and retirement from Morris Beattie, a Director, Chairman of the Board and a significant technical advisor to the company. His resignation will be effective June 30, 2021.
Morris has accomplished his primary goals with Spanish Mountain and is now looking forward to retirement. He has overseen completion of our successful PFS (2021), passed on the technical details of the project to our engineering staff and he has managed our Board for several years. We thank him for his efforts which have been instrumental in bringing the company to its current positive position.
Morris wishes continued success to the staff, consultants, shareholders and the Board as the company continues to advance the Spanish Mountain Gold Project.
We wish him a long and enjoyable retirement.
W. Terry MacLean, a current Director, will replace Morris as Board Chairman on July 1, 2021. The company has initiated a search for two additional Directors.
About Spanish Mountain Gold
Spanish Mountain Gold Ltd. is focused on advancing its 100%-owned Spanish Mountain gold project in southern central British Columbia. The Company is simultaneously pursuing the dual objectives of delivering critical project milestones for the multi-million ounce Mineral Reserve and further expanding the overall Mineral Resource. The Pre-Feasibility Study (2021) demonstrates the Project’s potential to be a mining operation with a robust production profile (>150,000 oz per year) and profitability (AISC $801 per oz) over a mine life of 14 years. Details on the Project and the Company are available on www.sedar.com and on the Company’s website: www.spanishmountaingold.com
On Behalf of the Board,
SPANISH MOUNTAIN GOLD LTD.
W. Terry MacLean,
SPANISH MOUNTAIN GOLD LTD.
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