Spectrum Metals Ltd (ASX:SPX) has revealed positive results from an auger geochemistry program conducted in 2018 over the Penny West Gold Project in Western Australia. The company has identified gold anomalies along with associated silver, arsenic, cadmium, copper, lead, tungsten, zinc and tellurium anomalies. A total of 18 anomalies have been defined with an auriferous signature present within the auger data which will assist in targeting and prioritising anomalies. Defined anomalies Spectrum managing director Paul Adams said "We are delighted with the results from the geochemistry program which is very timely as we have been able to incorporate this information into our upcoming RC (reverse circulation) drill program at Penny West. "The results have contributed greatly to our understanding of the project and highlighted several new areas of prospectivity to the north of the historic open pit that have a high priority for further work". A maiden 4,500 metre RC drilling program is scheduled to commence late January/early February targeting high-grade mineralisation below the Penny West open pit. Spectrum will also target a possible off-set position of the Penny West lode to the north and to the depth and plunge extensions at Magenta. READ: Spectrum Metals initiates gold strategy and acquires historic WA mine Last year, Spectrum acquired the historic First Hit Gold Mine near Menzies in Western Australia. The mine was last operated in December 2002 by Barminco Pty Ltd and Barra Resources Ltd (ASX:BAR) and includes substantial underground mining infrastructure. Spectrum's focus will be to develop a drilling program at First Hit targeting extensions of previous high-grade drill intercepts.
