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Spectrum Metals Ltd.
Summary
| Project: | Penny West | |
|---|---|---|
| Deposit: | Penny North, Magenta | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/3/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-12-2019: Spectrum Metals Ltd. announces an Exploration/Drilling Update report for its Penny North, Magenta deposit at the Penny West project. Drilling results incl. 2m @ 26.7g/t Au from 321m. Spectrum Metals Ltd (“Spectrum” or “the company”) is pleased | |
| Resources: | (Resource, I+I): 0.799Mt @ 13.8g/t Au at Penny West total | |
| CP/QP: | [Overall Report]: John Downing (Internal) | |
| ABSTRACT: | Spectrum Metals Ltd (“Spectrum” or “the company”) is pleased to release further drill results from reverse circulation and diamond drilling at its Penny West Project south-east of Mount Magnet, in Western Australia. Managing Director Mr Paul Adams commented: “Spectrum is extremely pleased to see continued strong gold intercepts from our Penny North prospect extensional drilling. These results will feed into our JORC resource update scheduled for 1H 2020. In addition, our drilling to the north at Magenta and other prospects north of Penny North, will also be included in future resource estimates, continuing to drive our resource growth through 2020.” Spectrum has completed several reverse circulation and diamond drill holes at Penny North aimed at extending gold mineralisation below the existing JORC resource envelope. Drilling has been successful at extending the known gold mineralisation with assays received for four diamond holes and three RC holes | |
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