November 2012 Shareholder Newsletter
DIAMOND DRILLING COMPLETED AT STROMBERG
RESULTS DUE SOON
Diamond drilling at the Stromberg HREE Prospect is now complete.
The program was undertaken along a strike length of approximately 1.5km for metallurgical and exploration samples.
Preliminary examination with TUC's XRF machine indicates that all holes intersected HREE mineralisation. The holes also serve to extend mineralisation.
Geological logging and analysis confirms the developing Stromberg mineralisation model, with HREE related to clay and iron minerals in flat lying rocks.
Assay results are pending.
SKYFALL HREE PROSPECT
DEVELOPING NEW TARGETS
Laura Petrella, TUC Geologist, has started collating and analysing historic reports and data from the highly HREE prospective Skyfall ELA27151 tenement.
This follows verbal consent by Traditional Aboriginal Land Owners for exploration to begin on the prospective ELA27151 Skyfall tenement adjacent to Stromberg and Scaramanga Prospects.
Laura's work will be used to target initial geochemical surveys and other work TUC hopes to start soon.
In addition, TUC has arranged a HREE course at Curtin University, Western Australia for Traditional Owner representatives in late November.
8TH INTERNATIONAL RARE EARTHS CONFERENCE
HONG KONG, 13 - 15 NOVEMBER 2012
TUC's Managing Director Ian Bamborough recently attended the 8th International Rare Earths Conference in Hong Kong. This Event is the number one forum for the Rare Earth industry and was very useful in getting a current overview of the industry in regards to production, consumption, technology and environmental issues.
This conference afforded a great networking opportunity for TUC's Managing Director to highlight the company's progress personally to a number of globally respected Rare Earth Companies.
HREE DISTRICT TARGET
TUC's exploration team has been organising fieldwork for the up coming months. Planned activity includes first visits to Skyfall (ELA27151), completion of Hodgsons Downs (EL29464) rock-chip surveys; alongside continued work on Stromberg, Scaramanga and other District targets.
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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