# Spanish Mountain Gold Receives Positive Particle Ore Sorting Results for the Phoenix Deposit Highlighting Production Upside

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/spanish-mountain-gold-receives-positive-particle-ore-sorting-results-for-the-pho--8a6068b2-8afd-466f-afc4-4ffaecfdd2c2

Original source: https://money.tmx.com/en/quote/SPA/news/7588196781310716/spanish-mountain-gold-receives-positive-particle-ore-sorting-results-for-the-pho

Publisher: tmx

Original announcement: 2026-03-02T12:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Spanish Mountain Gold Ltd.

- Ticker: SPA

- Exchange: TSX

- Region: British Columbia

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Metallurgy

- Extracted: 2026-08-26 11:03:49 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Spanish Mountain Gold has announced positive Phase 1 particle ore sorting results for the Phoenix deposit using XRT technology. The tests demonstrated the ability to reject 50% to 70% of waste mass while upgrading gold grades by two or more times with 85% to 92% recovery.

Reasoning: Phase 1 XRT ore sorting results show high potential to upgrade feed grades by 2x while maintaining 85-92% gold recovery and rejecting 50-70% waste mass.

- Positive factor: significant grade upgrade potential

- Positive factor: high mass rejection of waste

- Positive factor: strong gold recovery

- Positive factor: potential for improved project economics

Facts used in scoring: 2

## Classification and evidence

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: Gold recovery of 85% to 92% is within the exceptional/strong band for sorting/processing.

Evidence · text

> achieving 85% to 92% gold recovery

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: The sorting is intended to optimize feed into the existing mill and process plant.

Evidence · text

> optimize the run-of-mine \(ROM\) feed material into the Mill and Process Plant

## Extracted facts

Stored fact records: 2. Some facts used in scoring do not have a stored record.

## Metallurgical Results (2)

### particle ore sorting

[Link to this fact](https://atlas-staging.minestarters.com/news/spanish-mountain-gold-receives-positive-particle-ore-sorting-results-for-the-pho--8a6068b2-8afd-466f-afc4-4ffaecfdd2c2#fact-metallurgical-facts-0)

gold

#### Identity

- Commodity: gold
- Ticker: SPA

#### Test Work

- Program Status: preliminary
- Test Type: particle ore sorting
- Processing Route: XRT sensor based particle sorting
- Sample: Phoenix deposit Phase 1 XRT sorting samples \(half-core\)

#### Recovery

- Recovery: 92 %
- Recovery Basis: actual\_test
- Head Grade: 0.48
- Head Grade Unit: g/t

#### Lab

- Laboratory: Saskatchewan Research Council \(SRC\)

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-02T00:00:00.000Z

Reasoning: High recovery \(up to 92%\) and significant grade upgrade potential \(2x\) from low-grade feed.

- Positive factor: high recovery

- Positive factor: significant grade upgrade potential

Evidence · text

> Phoenix deposit samples, averaging a grade of 0.48 g/t Au, are shown to have the potential to yield an upgrade of the ROM feed grade by two or more times, while achieving 85% to 92% gold recovery

### particle ore sorting

[Link to this fact](https://atlas-staging.minestarters.com/news/spanish-mountain-gold-receives-positive-particle-ore-sorting-results-for-the-pho--8a6068b2-8afd-466f-afc4-4ffaecfdd2c2#fact-metallurgical-facts-1)

gold

#### Identity

- Commodity: gold
- Ticker: SPA

#### Test Work

- Program Status: preliminary
- Test Type: particle ore sorting
- Processing Route: XRT sensor based particle sorting
- Sample: Phoenix deposit Phase 1 XRT sorting samples \(mass rejection\)

#### Recovery

- Recovery: 85 %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-03-02T00:00:00.000Z

Reasoning: Successful rejection of 50-70% mass as waste.

- Positive factor: high mass rejection of waste

Evidence · text

> rejecting 50% to 70% of the sorter feed mass

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.