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Spectrum Metals Ltd.
Summary
| Project: | Penny West | |
|---|---|---|
| Deposit: | Penny West | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/5/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-3-2019: Spectrum Metals Ltd. announces an Exploration/Drilling Update report for its Penny West deposit at the Penny West project. Drilling results incl. 14m @ 14.4gt Au, 4.11g/t Ag from 128.0m. Spectrum Metals Limited (“SPX” or “the Company”) is please | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John Downing (Internal) | |
| ABSTRACT: | Spectrum Metals Limited (“SPX” or “the Company”) is pleased to announce the discovery of a new high-grade zone of gold mineralisation at the 100% owned Penny West gold project in WA. The new discovery is currently open in all directions and is located approximately 150m north of the historic high-grade Penny West open pit, previously mined in 1991/1992 for 85,000 ounces1 (121,000 tonnes at 21.8g/t Au). The Managing Director of Spectrum Paul Adams commented “This intersection, in the first hole submitted for analysis in our maiden program at Penny West, has exceeded our highest expectations at this location, both in terms of tenor and width. The fact that the mineralisation style and grade is essentially the same as was mined previously gives us confidence that the newly discovered zone is contemporaneous with the original high-grade mineralisation that made Penny West such a famous name in WA mining history”. | |
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