THE DRILL SERGEANT: Spectrum Metals (ASX: SPX) received assay results from a further eight holes from recent drilling at the company’s Penny North prospect, located south of the Youanmi mining centre in Western Australia.
The assay results included intercepts of:
2 metres at 140 grams per tonne gold from 153m, within 6m at 47.4g/t gold from 150m;
6m at 46.8g/t gold from 121m, within 11m at 25.8 g/t gold from 121m;
2m at 12g/t gold from 173m;
1m at 16.2 g/t gold from 172m; and
1m at 11.4 g/t gold from 175m.
Spectrum Metals said the intersection in hole SPWRC029 was encountered immediately up dip of previously released hole SPWRC002, which recorded an intersection of 8m at 23.3g/t gold within 14m at 14.4g/t gold from 128m.
Spectrum refer to SPWRC002 as the ‘discovery hole’.
“The Penny North prospect continues to deliver exceptional results for Spectrum, remaining open in all directions,” Spectrum Metals managing director Paul Adams said in the company’s announcement to the Australian Securities Exchange.
“We are currently designing and preparing for our Phase II drilling program to expand on our recent discoveries both at the Penny North prospect and under the open pit at Penny West.”