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Spectrum Metals Ltd.

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Summary

Project:

Penny West

Deposit:Penny North
Location:Australia
Commodities:Gold
Date:6/5/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:5-6-2019: Spectrum Metals Ltd. announces an Exploration/Drilling Update report for its Penny North deposit at the Penny West project. Drilling results incl. 3m @ 70.8g/t Au from 205m. Spectrum’s Managing Director, Paul Adams said “We are very excited to s
Resources:x
CP/QP:[Overall Report]: John Downing (Independent)
ABSTRACT:Spectrum’s Managing Director, Paul Adams said “We are very excited to see the high tenor and high width of gold mineralisation continue in our Phase II program, particularly within hole SPWRC040 which is the deepest hole yet assayed at Penny North. It appears that the Penny North structure again widens at this location and remains open down dip and along strike”. Holes SPWRC039 and SPWRC040 adds approximately 80m of down dip extent to this section line and therefore doubles the down dip extent of the Penny North lode on this section (6807170mN). • Up dip holes SPWRC038 and SPWRC050 on the same section line are still awaiting assay results.

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