Research from Atrium Research, Atrium Research Corporation

Atrium Research

Research from Atrium Research

Atrium Research Corporation

Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis. 

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<ul>
<li>SPA reported results from five drill holes at the Orca Fault target, highlighting broad zones and strong grades.</li>
<li>Results included several wide intercepts, including 0.70 g/t Au over 282.5m and 0.53 g/t Au over 200.2m, with high-grade subsets.</li>
<li>In combination with increased geological confidence, SPA continues to advance the project with strong results from ore sorting and an MOU for project advancement.</li>
</ul>


SPA reported results from five drill holes at the Orca Fault target, highlighting broad zones and strong grades.
Results included several wide intercepts, including 0.70 g/t Au over 282.5m and 0.53 g/t Au over 200.2m, with high-grade subsets.
In combination with increased geological confidence, SPA continues to advance the project with strong results from ore sorting and an MOU for project advancement.


SPA: 1.2 g/t Over 116.8m Within 0.7 g/t Over 282.5m

<ul>
<li>This morning, SPA announced assay results from five drill holes within the Orca Fault target at its Spanish Mountain Gold project.</li>
<li>The release reported several wide intervals of grade above resource grades, including 0.58 g/t Au over 206m, 0.77 g/t Au over 142m.</li>
<li>SPA has completed 13,819m of drilling, surpassing the original target of 9,000-10,000m.</li>
</ul>


This morning, SPA announced assay results from five drill holes within the Orca Fault target at its Spanish Mountain Gold project.
The release reported several wide intervals of grade above resource grades, including 0.58 g/t Au over 206m, 0.77 g/t Au over 142m.
SPA has completed 13,819m of drilling, surpassing the original target of 9,000-10,000m.


SPA: Strong Drill Results Continue into 2026

<ul>
<li>This morning, SPA announced assay results from seven drill holes within the Orca Fault target as part of its 9,000-10,000m fall drill program (9,864m completed).</li>
<li>The highlight intercept in today’s release was 1.35 g/t Au over 133.5m.</li>
<li>Drilling supports advancement toward a 2027 construction decision, building on a PEA with $2.3B NPV5% and 32% IRR at US$3,300/oz (well below the current spot price of US$5,082/oz).</li>
</ul>


This morning, SPA announced assay results from seven drill holes within the Orca Fault target as part of its 9,000-10,000m fall drill program (9,864m completed).
The highlight intercept in today’s release was 1.35 g/t Au over 133.5m.
Drilling supports advancement toward a 2027 construction decision, building on a PEA with $2.3B NPV5% and 32% IRR at US$3,300/oz (well below the current spot price of US$5,082/oz).


SPA: Intersects 1.35 g/t Au over 133m; Assays Pending

<ul>
<li>This morning, SPA announced assay results from six drill holes as part of its 9,000-10,000m fall drill program (8,220m completed).</li>
<li>Today’s results extend higher-grade mineralization over ~500m along the Orca Fault’s SE extension, reinforcing upside within the Main Deposit.</li>
<li>Drilling supports advancement toward a 2027 construction decision, building on a PEA with $2.3B NPV5% and 32% IRR at US$3,300/oz.</li>
</ul>


This morning, SPA announced assay results from six drill holes as part of its 9,000-10,000m fall drill program (8,220m completed).
Today’s results extend higher-grade mineralization over ~500m along the Orca Fault’s SE extension, reinforcing upside within the Main Deposit.
Drilling supports advancement toward a 2027 construction decision, building on a PEA with $2.3B NPV5% and 32% IRR at US$3,300/oz.


<ul>
<li>This morning, SPA announced assay results from three drill holes as part of its 9,000-10,000m fall drill program (7,800m completed).</li>
<li> Highlights include: 0.68 g/t Au over 141m, 0.55 g/t over 103m and 0.80 g/t over 26m (all from separate holes).</li>
<li>Today’s results continue to stack on top of previously released results, all of which reported drill results within the pit limits and well above resource grades.</li>
</ul>


This morning, SPA announced assay results from three drill holes as part of its 9,000-10,000m fall drill program (7,800m completed).
 Highlights include: 0.68 g/t Au over 141m, 0.55 g/t over 103m and 0.80 g/t over 26m (all from separate holes).
Today’s results continue to stack on top of previously released results, all of which reported drill results within the pit limits and well above resource grades.


SPA: Drills 0.68 g/t Au over 140m & Extends Orca Fault

Canada

Spanish Mountain Gold Ltd. is a mineral exploration and production company. The Company is developing the Spanish Mountain Gold Project in south-central British Columbia.

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Spanish Mountain Gold (SPA CN)

SPA: 1.2 g/t Over 116.8m Within 0.7 g/t Over 282.5m

In combination with increased geological confidence, SPA continues to advance the project with strong results from ore sorting and an MOU for...

Atrium Research

SPA: Strong Drill Results Continue into 2026

This morning, SPA announced assay results from five drill holes within the Orca Fault target at its Spanish Mountain Gold project.The release...

Atrium Research

SPA: Intersects 1.35 g/t Au over 133m; Assays Pending

This morning, SPA announced assay results from seven drill holes within the Orca Fault target as part of its 9,000-10,000m fall drill program...

Atrium Research

SPA: Orca Fault Extends to over 500m

Today’s results extend higher-grade mineralization over ~500m along the Orca Fault’s SE extension, reinforcing upside within the Main Deposit.

Atrium Research

SPA: Drills 0.68 g/t Au over 140m & Extends Orca Fault

This morning, SPA announced assay results from three drill holes as part of its 9,000-10,000m fall drill program (7,800m completed).

Atrium Research

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