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Spectrum Metals Ltd.
Summary
| Project: | Penny West | |
|---|---|---|
| Deposit: | Penny North | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-7-2019: Spectrum Metals Ltd. announces an Exploration/Drilling Update report for its Penny North deposit at the Penny West project. Drilling results incl. 9m @ 24.1g/t Au from 265m. Spectrum Metals Limited (‘SPX’ or ‘the company’) is pleased to announc | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John Downing (Not stated) | |
| ABSTRACT: | Spectrum Metals Limited (‘SPX’ or ‘the company’) is pleased to announce further high-grade results from extensional RC drilling at Penny North. Spectrum’s Managing Director, Paul Adams said “We are impressed by the width and grade of the latest drill results from Penny North, particularly as these results lie at the edge of the high-grade envelope. We have been able to increase the known strike length at the base of the zone to at least 200m and have very high grade mineralisation in the deepest hole yet drilled at Penny West in hole SPWRC069”. Spectrum are pleased to announce the latest results from the high-grade Penny North lode at its 100% owned Penny West Project near Youanmi, Western Australia. The results from 4 new holes demonstrate the continuity of high-tenor mineralisation within the high-grade Penny North shoot. Of particular interest is the result from hole SPWRC070 of 2m at 16.6 g/t gold from 274m which previously appeared to lie outside the +20 gram meter contour on the long section. However, the intersection confirms that the northern extent of the shoot may extend further north at this RL. Low-priority assays have been received from a further six holes. A full list of intersections from these latest results can be found in Table 2. | |
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