bullish

SPA: First Assays from Fall Program Already Impress

142 Views04 Nov 2025 00:00
Issuer-paid
SUMMARY
  • This morning, SPA announced assay results for its first two drill holes as part of its 9,000-10,000m fall drill program.
  • The results confirm strong grades over wide intervals within the proposed pit (in areas previously modeled as lower-grade and/or waste), including 0.77 g/t Au over 112m and 0.64 g/t over 102m.
  • Drilling supports advancement toward a 2027 construction decision, building on a PEA with $1.03B NPV5% and 18% IRR at US$2,450/oz.
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