Spanish Mountain Gold NI 43-101 Technical Report Based on 2019 Preliminary Economic Assessment
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Spanish Mountain Gold Ltd. Spanish Mountain Gold Project - PEA Spanish Mountain Gold NI 43-101 Technical Report based on 2019 Preliminary Economic Assessment Likely, British Columbia, Canada Centred at 5,828,000 N and 603,000 E (NAD 83) Effective Date for Mineral Resources: October 10, 2019 Date of Technical Report: December 2, 2019 Report Authors: Marc Schulte, P.Eng. William Gilmour, P.Geo. Sue Bird, P.Eng. Les Galbraith, P.Eng. Tracey Meintjes, P.Eng. Spanish Mountain Gold - PEA Page 1 of 228 Spanish Mountain Gold Ltd. Spanish Mountain Gold Project - PEA CERTIFICATE OF QUALIFIED PERSON I, Marc Schulte, P.Eng., am employed as a Mining Engineer with Moose Mountain Technical Services, with an office address of #210 1510 2nd Street North Cranbrook, BC V1C 3L2. This certificate applies to the technical report titled “Spanish Mountain Gold, NI 43-101 Technical Report, based on 2019 Preliminary Economic Assessment” that has an effective date of December 2, 2019 (the “technical report”). I am a member of the self-regulating Association of Professional Engineers, Geologist and Geophysicists of Alberta. (#71051). I graduated with a Bachelor of Science in Mining Engineering from the University of Alberta in 2002. I have worked as a Mining Engineer for a total of 17 years since my graduation from university. I have worked on precious metals, base metals and coal mining projects, including mine operations and evaluations. As a result of my experience and qualifications, I am a Qualified Person as defined in National Instrument 43–101 Standards of Disclosure for Mineral Projects (NI 43–101). My most recent site visit was on September 12, 2019. I am responsible for Sections 1, 2, 3, 15, 16, 18, 19, 21, 22, 24, 27 and portions of Sections 1, 25 and 26 of the technical report related to Mine Operations and Infrastructure Planning. I am independent of Spanish Mountain Gold Ltd. as independence is described by Section 1.5 of NI 43–101. I have previously co-authored the following reports on the Spanish Mountain Gold Project: Galbraith, L., Gilmour, W., Giroux, G.H., Meintjes, T., and Schulte, M., 2017: Preliminary Economic Assessment for the Spanish Mountain Gold Property, Likely, British Columbia, Canada: report prepared by Moose Mountain Technical Services, Discovery Consultants, Giroux Consultants, and Knight Piésold Ltd. for Spanish Mountain Gold Ltd., effective date May 17, 2017; amended date February 11, 2019. I have read NI 43–101 and the sections of the technical report for which I am responsible have been prepared in compliance with that Instrument. As of the effective date of the technical report, to the best of my knowledge, information and belief, the sections of the technical report for which I am responsible contain all scientific and technical information that is required to be disclosed to make the technical report not misleading. Dated: December 2, 2019 {Signed and Sealed} ________________________ Signature of Qualified Person Marc Schulte, P.Eng. Spanish Mountain Gold - PEA Page 2 of 228 Spanish Mountain Gold Ltd. Spanish Mountain Gold Project - PEA CERTIFICATE OF QUALIFIED PERSON I, William Gilmour, P.Geo., am a Geologist with Discovery Consultants, with an office address of 101-2913, 29th Avenue, Vernon, BC, V1T 1Z2. This certificate applies to the technical report titled “Spanish Mountain Gold, NI 43-101 Technical Report, based on 2019 Preliminary Economic Assessment” that has an effective date of December 2, 2019 (the “technical report”). I am a member of the self-regulating Association of Professional Engineers and GeoScientists of British Columbia. (#19743). I graduated with a Bachelor of Science in Geology from the University of British Columbia in 1970. I have been practicing my profession since graduation from university. I have over 45 years of experience in mineral exploration for a variety of base and precious metals. My working experience includes grassroots and reconnaissance exploration, project evaluation, geological mapping, planning and execution of drill programs, and project reporting. As a result of my experience and qualifications, I am a Qualified Person as defined in National Instrument 43–101 Standards of Disclosure for Mineral Projects (NI 43–101). My most recent site visit was on September 12, 2019. I am responsible for Sections 4 through 12, 23 and portions of Section 1, 25 and 26 of the technical report related to Geology. I am independent of Spanish Mountain Gold Ltd. as independence is described by Section 1.5 of NI 43–101. I have previously co-authored the following reports on the Spanish Mountain Gold Project: Galbraith, L., Gilmour, W., Giroux, G.H., Meintjes, T., and Schulte, M., 2017: Preliminary Economic Assessment for the Spanish Mountain Gold Property, Likely, British Columbia, Canada: report prepared by Moose Mountain Technical Services, Discovery Consultants, Giroux Consultants, and Knight Piésold Ltd. for Spanish Mountain Gold Ltd., effective date May 17, 2017; amended date February 11, 2019. I have read NI 43–101 and the sections of the technical report for which I am responsible have been prepared in compliance with that Instrument. As of the effective date of the technical report, to the best of my knowledge, information and belief, the sections of the technical report for which I am responsible contain all scientific and technical information that is required to be disclosed to make the technical report not misleading. Dated: December 2, 2019 {Signed and Sealed} ________________________ Signature of Qualified Person William Gilmour, P.Geo. Spanish Mountain Gold - PEA Page 3 of 228 Spanish Mountain Gold Ltd. Spanish Mountain Gold Project - PEA CERTIFICATE OF QUALIFIED PERSON I, Sue Bird, P.Eng., am employed as a Geological Engineer with Moose Mountain Technical Services, with an office address of #210 1510 2nd Street North Cranbrook, BC V1C 3L2. This certificate applies to the technical report titled “Spanish Mountain Gold, NI 43-101 Technical Report, based on 2019 Preliminary Economic Assessment” that has an effective date of December 2, 2019 (the “technical report”). I am a member of the self-regulating Association of Professional Engineers and GeoScientists of British Columbia. (#25007). I graduated with a Geologic Engineering degree (B.Sc.) from the Queen’s University in 1989 and a M.Sc. in Mining from Queen’s University in 1993. I have worked as an engineering geologist for over 25 years since my graduation from university. I have worked on precious metals, base metals and coal mining projects, including mine operations and evaluations. As a result of my experience and qualifications, I am a Qualified Person as defined in National Instrument 43–101 Standards of Disclosure for Mineral Projects (NI 43–101). I visited the property on September 12, 2019. I am responsible for Section 14 and portions of Sections 1, 25 and 26 of the technical report related to the Mineral Resource. I am independent of Spanish Mountain Gold Ltd. as independence is described by Section 1.5 of NI 43–101. I have not previously co-authored reports on the Spanish Mountain Gold Project. I have read NI 43–101 and the sections of the technical report for which I am responsible have been prepared in compliance with that Instrument. As of the effective date of the technical report, to the best of my knowledge, information and belief, the sections of the technical report for which I am responsible contain all scientific and technical information that is required to be disclosed to make the technical report not misleading. Dated: December 2, 2019 {Signed and Sealed} ________________________ Signature of Qualified Person Sue Bird, P.Eng. Spanish Mountain Gold - PEA Page 4 of 228 Spanish Mountain Gold Ltd. Spanish Mountain Gold Project - PEA CERTIFICATE OF QUALIFIED PERSON I, Les Galbraith, P.Eng., am employed as a Specialist Engineer / Project Manager with Knight Piésold Ltd., with an office address of Suite 1400 – 750 West Pender Street, Vancouver, BC, V6C 2T8. This certificate applies to the technical report titled “Spanish Mountain Gold, NI 43-101 Technical Report, based on 2019 Preliminary Economic Assessment” that has an effective date of December 2, 2019 (the “technical report”). I am a member of the self-regulating Association of Professional Engineers and GeoScientists of British Columbia. (#25493). I graduated with a Bachelor of Science from the University of British Columbia in 1995. I have 22 years of relevant experience in providing civil and geotechnical engineering support to mining and hydroelectric project. As a result of my experience and qualifications, I am a Qualified Person as defined in National Instrument 43–101 Standards of Disclosure for Mineral Projects (NI 43–101). My most recent site visit was on September 12, 2019. I am responsible for Sections 18.4, 20 and portions of Sections 1, 25 and 26 of the technical report related to the Tailings Storage Facility. I am independent of Spanish Mountain Gold Ltd. as independence is described by Section 1.5 of NI 43–101. I have previously co-authored the following reports on the Spanish Mountain Gold Project: Galbraith, L., Gilmour, W., Giroux, G.H., Meintjes, T., and Schulte, M., 2017: Preliminary Economic Assessment for the Spanish Mountain Gold Property, Likely, British Columbia, Canada: report prepared by Moose Mountain Technical Services, Discovery Consultants, Giroux Consultants, and Knight Piésold Ltd. for Spanish Mountain Gold Ltd., effective date May 17, 2017; amended date February 11, 2019. I have read NI 43–101 and the sections of the technical report for which I am responsible have been prepared in compliance with that Instrument. As of the effective date of the technical report, to the best of my knowledge, information and belief, the sections of the technical report for which I am responsible contain all scientific and technical information that is required to be disclosed to make the technical report not misleading.