Shareholder Newsletter - September 2012
CURRENT HREE (Dysprosium-Yttrium-Erbium) EXPLORATION - RESULTS DUE SOON
OUTLOOK ON RECENT DRILLING
Another phase of drilling has been completed at the Stromberg Prospect. Assays are pending for 17 RC drill holes. Further diamond drilling is planned.
In 2011, drilling at Stromberg confirmed the presence of significant near surface Heavy Rare Earth (HREE) mineralisation. A number of shallow, tabular mineralised zones returned excellent assay results over the full 2.3km strike length of the prospect. Significant at surface intersections included STRC53 - 8m @ 0.72% Total Rare Earth Oxides (TREO).
Importantly, the prospect contains high levels of the critical and valuable Dysprosium and Yttrium averaging 7.5% and 64.9% of TREO respectively with HREE content at an impressive 85% of distribution.
Mineralisation at Stromberg is contained in the mineral xenotime which is known for its favourable and sought after flow sheet characteristics and known and proven extraction methods.
First pass drilling completed at the nearby Scaramanga HREE prospect is aimed at increasing TUC's HREE mineral inventory (assays pending for seven RC holes).
POSITIVE STAKEHOLDER ENGAGEMENT
BUILDING SUCCESSFUL RELATIONSHIPS
In late August members of the TUC team hosted a visit to the Stromberg District by three Senior Aboriginal Custodians who speak for the Country in surrounding areas such as at the nearby Skyfall HREE target. The meeting was a resounding success. A pathway for further land access discussions was mapped out.
Traditional Owners were happy to look at TUC's work practices, enjoyed a quality bush lunch, and importantly got to pass on their traditional knowledge to TUC's field team. Another meeting (the fourth this year) is planned for mid September.
WORKING WITH ANSTO
TUC Resources has contracted Chemists at the Australian Nuclear Science and Technology Organisation (Ansto Minerals) to help in refining the next stage of the mineral processing circuit. Ansto Minerals have proven expertise in Rare Earth processing and extraction in Australia. They are known to work with Lynas Corporation (ASX:LYC), Arafura Resources (ASX:ARU) and Alkane Resources (ASX:ALK).
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About Spectrum Metals Ltd
Spectrum Metals Limited (ASX:SPX) is a domestic West Australian focused gold exploration and development company, concentrating on high-grade, brown fields assets, that can leverage off existing infrastructure and add value through exploration and development. Spectrum has recently discovered Penny North, one of the highest grade gold discoveries in Australia in recent times. The discovery has grown rapidly and Spectrum has yet to explore approximately 4.5km of prospective strike to find similar high grade lodes.
Spectrum Metals Ltd
Lynas Corporation Limited
Arafura Resources Limted
Alkane Resources Limited