M&A

High-grade Penny West broadens Spectrum

SPECTRUM Metals remains on the hunt for more high-grade gold prospects in Western Australia after adding the previously mined 21.8 grams per tonne Penny West open pit near the Youanmi mining camp.

 Drilling at Penny West in 2017

Drilling at Penny West in 2017

Penny West has a current estimated resource of 230,000t at 4.8gpt for 36,000 ounces after being developed in the early 1990s by Eastmet/Metana and yielding 121,000t at 21.8gpt for 85,000oz to 82m depth....

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