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Spectrum Metals Ltd.
Summary
| Project: | Washington | |
|---|---|---|
| Deposit: | Washington | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 6/13/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 13-6-2018: Spectrum Metals Ltd. announces an Exploration/Drilling Update report for its Washington deposit at the Washington project. Historic drilling results incl. 1.98m @ 167.4g/t Au from 21.7.43m. Spectrum Rare Earths Limited (“SPX” or “the Company) i | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Alexander Hewlett (Internal) | |
| ABSTRACT: | Spectrum Rare Earths Limited (“SPX” or “the Company) is pleased to provide a progress report on the due diligence activities being undertaken by the company on the Washington Gold Project, northern California, U.S.A. SPX has completed an initial site visit and has evaluated a large proportion of the geological database for the Washington Gold Project. The database includes over 150 diamond drill holes into the Washington Gold Mine quartz vein system. Based on the due diligence conducted so far, which has involved database integrity checking and separate, independent modeling of the lithologies from the digital diamond drill logs, plus the conversion of the State Plane Section grid to the metric NAD83 (2011) grid system, the company can report a large number of high grade drill intercepts from historic drilling, some of which are located in zones prospective for the discovery of additional gold mineralisation. A significant number of exceptionally high-grade intercepts from identified but unmined mineralised zones include A full list of significant intersections verified so far from the historic drilling is tabulated in Appendix 1 of this report. Historic production from the Washington Gold Project has largely been centered on four veins (lodes). Early exploitation in hard rock was conducted on the North-South Vein, then subsequently on the Washington Vein which has been the largest and most productive vein in the mine. A sub-parallel vein, the Dean Vein, was discovered in the footwall of the Washington and most recently, the Lucky 7 Vein located to the south of the Washington and Dean Veins, which was the last vein to be exploited | |
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