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Spectrum Metals Ltd.
Summary
| Project: | Penny West | |
|---|---|---|
| Deposit: | Penny North | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/30/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-4-2019: Spectrum Metals Ltd. announces an Exploration/Drilling Update report for its Penny North deposit at the Penny West project. Drilling results incl. 2m @ 12.9g/t Au 5.92 ppm Ag from 186m. The three (3) reverse circulation drill holes at Magenta w | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John Downing (Internal) | |
| ABSTRACT: | The three (3) reverse circulation drill holes at Magenta were aimed at confirming the presence of gold mineralisation down dip of previously identified but shallow mineralisation. All three holes were successful at intersecting gold mineralisation which is now open in all directions. Holes SPWRC009 and SPWRC010, intersecting 1m at 11.5 g/t gold within 3m at 5.03 g/t gold from 86m and 1m at 7.94g/t gold from 58m respectively, are very significant when viewed in the light of the company’s recent Penny North discovery. The thick, high grade intercepts at Penny North were discovered by following up an isolated up-dip intersection of 1m at 6.47g/t gold. (See Spectrum’s ASX announcement dated 5 March, 2019). | |
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