Spanish Mountain Gold Announces New Power Line to Site is Advancing
Spanish Mountain Gold (SPAZF) has announced the advancement to Stage 2 of the System Impact Study (SIS) with BC Hydro for a new power line to their project site. The study is part of BC Hydro's process to provide 60 mega-watts of renewable hydroelectric power to the Spanish Mountain Gold project in British Columbia's Cariboo Gold Corridor.
The scope includes constructing a new power substation to connect SMG's planned 75-kilometre 230 kilovolt transmission line to the BC Hydro grid. The company aims for a build decision by 2027. The renewable power supply could enable various project improvements, including mining fleet electrification, increased mineral processing throughput, and enhanced waste management capabilities.
These opportunities are being evaluated as part of the Whittle Enterprise Optimization to improve project economics. The company has also completed ANDRITZ's energy reduction and sustainability work, which will be used for the upcoming Preliminary Economic Assessment trade-offs.
Spanish Mountain Gold (SPAZF) ha annunciato il passaggio alla Fase 2 dello Studio di Impatto sul Sistema (SIS) con BC Hydro per una nuova linea elettrica verso il loro sito del progetto. Lo studio è parte del processo di BC Hydro per fornire 60 megawatt di energia idroelettrica rinnovabile al progetto di Spanish Mountain Gold nel Corridoio dell'Oro Cariboo in British Columbia.
Il progetto prevede la costruzione di una nuova sottostazione elettrica per collegare la pianificata linea di trasmissione da 75 chilometri 230 kilovolt alla rete di BC Hydro. L'azienda mira a prendere una decisione di costruzione entro il 2027. L'approvvigionamento di energia rinnovabile potrebbe consentire vari miglioramenti del progetto, tra cui l'elettrificazione della flotta mineraria, l'aumento della capacità di lavorazione dei minerali e il potenziamento delle capacità di gestione dei rifiuti.
Queste opportunità vengono valutate nell'ambito dell'Ottimizzazione dell'Impresa Whittle per migliorare l'economia del progetto. L'azienda ha anche completato il lavoro di riduzione dell'energia e sostenibilità di ANDRITZ, che sarà utilizzato per le prossime valutazioni preliminari dei compromessi economici.
Spanish Mountain Gold (SPAZF) ha anunciado el avance a la Etapa 2 del Estudio de Impacto del Sistema (SIS) con BC Hydro para una nueva línea de energía hacia su sitio del proyecto. El estudio es parte del proceso de BC Hydro para proporcionar 60 megavatios de energía hidroeléctrica renovable al proyecto de Spanish Mountain Gold en el Corredor de Oro Cariboo en Columbia Británica.
El alcance incluye la construcción de una nueva subestación eléctrica para conectar la línea de transmisión planificada de 75 kilómetros 230 kilovoltios a la red de BC Hydro. La empresa tiene como objetivo tomar una decisión de construcción para 2027. El suministro de energía renovable podría permitir varias mejoras en el proyecto, incluidas la electrificación de la flota minera, un aumento del procesamiento de minerales y una mejor gestión de los residuos.
Estas oportunidades se están evaluando como parte de la Optimización Empresarial de Whittle para mejorar la economía del proyecto. La compañía también ha completado el trabajo de reducción de energía y sostenibilidad de ANDRITZ, que se utilizará para las próximas evaluaciones económicas preliminares.
스패니시 마운틴 골드 (SPAZF)가 BC 하이드로와 함께 해당 프로젝트 사이트를 위한 새로운 전력선의 시스템 영향 연구(SIS) 2단계로의 진전을 발표했습니다. 이 연구는 BC 하이드로가 브리티시컬럼비아 카리부 골드 회랑에 위치한 스패니시 마운틴 골드 프로젝트에 60메가와트의 재생 가능 수력 전력을 제공하는 과정의 일환입니다.
범위는 SMG의 계획된 75킬로미터 230킬로볼트 송전선을 BC 하이드로 그리드에 연결하기 위한 새로운 변전소 건설을 포함합니다. 회사는 2027년까지 건설 결정이 이루어질 것으로 목표하고 있습니다. 재생 가능 전력 공급은 광산 장비 전기화, 광물 가공 처리량 증가 및 폐기물 관리 능력 향상 등 다양한 프로젝트 개선을 가능하게 할 수 있습니다.
이러한 기회는 프로젝트 경제성을 개선하기 위한 휘틀 기업 최적화의 일환으로 평가되고 있습니다. 회사는 또한 향후 예비 경제 평가의 트레이드 오프에 사용될 ANDRITZ의 에너지 감소 및 지속 가능성 작업을 완료했습니다.
Spanish Mountain Gold (SPAZF) a annoncé le passage à la Phase 2 de l'Étude d'Impact sur le Système (SIS) avec BC Hydro pour une nouvelle ligne électrique vers son site de projet. L'étude fait partie du processus de BC Hydro pour fournir 60 mégawatts d'énergie hydroélectrique renouvelable au projet de Spanish Mountain Gold dans le Corridor de l'Or Cariboo en Colombie-Britannique.
Le périmètre comprend la construction d'une nouvelle sous-station électrique pour connecter la ligne de transmission prévue de 75 kilomètres 230 kilovolts au réseau de BC Hydro. L'entreprise vise une décision de construction d'ici 2027. L'approvisionnement en énergie renouvelable pourrait permettre diverses améliorations du projet, y compris l'électrification de la flotte minière, l'augmentation du débit de traitement des minéraux et le renforcement des capacités de gestion des déchets.
Ces opportunités sont évaluées dans le cadre de l'Optimisation de l'Entreprise Whittle pour améliorer l'économie du projet. L'entreprise a également achevé les travaux de réduction de l'énergie et de durabilité d'ANDRITZ, qui seront utilisés pour les prochaines évaluations économiques préliminaires.
Spanish Mountain Gold (SPAZF) hat den Fortschritt zur Stufe 2 der Systemauswirkungsstudie (SIS) mit BC Hydro für eine neue Stromleitung zu ihrem Projektstandort bekannt gegeben. Die Studie ist Teil des Verfahrens von BC Hydro zur Bereitstellung von 60 Megawatt erneuerbarer Wasserkraft für das Spanish Mountain Gold-Projekt im Cariboo Gold Corridor in British Columbia.
Der Umfang umfasst den Bau eines neuen Umspannwerks, um die geplante 75 Kilometer 230 Kilovolt Übertragungsleitung mit dem BC Hydro-Netz zu verbinden. Das Unternehmen strebt bis 2027 eine Baueentscheidung an. Die erneuerbare Energieversorgung könnte verschiedene Projektverbesserungen ermöglichen, einschließlich der Elektrifizierung der Bergbauflotte, der Erhöhung des Mineralverarbeitungsdurchsatzes und der Verbesserung der Abfallbewirtschaftung.
Diese Möglichkeiten werden im Rahmen der Whittle-Unternehmensoptimierung bewertet, um die Wirtschaftlichkeit des Projekts zu verbessern. Das Unternehmen hat auch die Energieminderungs- und Nachhaltigkeitsarbeiten von ANDRITZ abgeschlossen, die für die kommenden Vorläufigen Wirtschaftlichkeitsanalysen verwendet werden.
- Progress towards securing renewable hydroelectric power supply
- Potential for increased operational scale compared to 2021 Pre-feasibility Study
- Opportunities for reduced carbon intensity and greenhouse gas emissions
- Possible improvements in mining fleet electrification and processing capacity
- Build decision not expected until 2027
- Significant infrastructure investment required for 75km power line
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2025) - Spanish Mountain Gold Ltd. (TSXV: SPA) (FSE: S3Y) (OTC Pink: SPAZF) (the "Company" or "Spanish Mountain Gold") is pleased to announce commencement of Stage 2 of the System Impact Study ("SIS") with BC Hydro (the provincial utility company) for a proposed new power line to the project. The SIS is part of BC Hydro's power supply interconnection process to provide 60 mega-watts (MW) of renewable hydroelectric power to the Spanish Mountain Gold project (the "SMG Project"), located in the Cariboo Gold Corridor, British Columbia, Canada. BC Hydro's scope of work includes construction of a new power substation to connect SMG's planned 75 kilometre 230 kilovolt (kV) transmission line, to the BC Hydro grid.
Peter Mah, Spanish Mountain Gold's President & CEO commented, "We have made excellent progress in 2024 completing Stage 1 of the SIS (part of the BC Hydro interconnection process). We are excited to announce we are advancing to Stage 2 - Conceptual Design of the SIS, which will bring us another step closer to a build decision by 2027. Renewable hydro electricity supplied from BC Hydro is the cleanest energy source currently available for the project that supports our objectives of securing a low cost, clean power supply that could support a larger scale operation compared to the 2021 Pre-feasibility Study, lower the project's carbon intensity and reduce green-house gas emissions."
The SIS is an important step in securing a renewable power supply for the SMG Project, which could enable project improvements such as the electrification of the mining fleet, increased mineral processing throughput, as well as other potential opportunities including, waste and tailings storage, water management and mine closure benefits. Many of these opportunities are being assessed as part of the Whittle Enterprise Optimization with a goal to improve project economics. International Technology Group ANDRITZ's work targeting energy reduction and sustainability has been completed and the results will be utilized for the Preliminary Economic Assessment ("PEA") proposed mine trade-offs (see press releases dated December 22, 2023, and May 24, 2024, respectively).
About Spanish Mountain Gold Ltd.
Spanish Mountain Gold Ltd. is focused on advancing its
On Behalf of the Board,
"Peter Mah"
President, Chief Executive Officer and Director
Spanish Mountain Gold Ltd.
For more information, contact:
Suzette N Ramcharan
(604) 601-3651
info@spanishmountaingold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING INFORMATION:
Certain of the statements and information in this press release constitute "forward-looking information". Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be considered forward-looking information. The Company's forward-looking information is based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release and includes but are not limited to information with respect to the advancement of the SMG Project towards development, and any changes in scope to the 2021 Pre-feasibility Study, and delivery of an updated PEA, and the timing and results thereof; and the continued advancement of the interconnection process with BC Hydro, and the timing thereof. Other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking information.
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FAQ
What is the power capacity planned for Spanish Mountain Gold's (SPAZF) new transmission line?
When is SPAZF expecting to make a build decision for the new power line?
How long will the new power transmission line be for SPAZF's project?
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What stage is SPAZF's System Impact Study (SIS) with BC Hydro currently in?
