Speewah Metals renews focus on high grade copper silver gold found at Speewah Dome
Thursday, September 20, 2012 by Angela Kean
Speewah Metals (ASX: SPM) has received an independent review of all historic exploration over the Speewah Dome which may better explain the origin of high grade copper and gold surface rock and soil samples identified in locations in the North Eastern section.
The highest values previously identified and reported in these NE locations were 27.25% copper, 25 ounce per tonne silver, and 4.97 grams per tonne (g/t) gold. The report could provide a roadmap as to how to follow up the numerous target areas at Speewah Dome.
Speewah has previously returned highly anomalous polymetallic drill intersections of two different styles of mineralisation.
Multi-element sample assays from the Gray’s Vein Prospect included 8.26% copper, 4.28g/t gold and 26 ounces per tonne silver, while the Hayden Prospect has delivered high grades of 8.14% copper, 4.97g/t gold and 24 ounces per tonne silver.
Copper samples have assayed as high as 27% and 16.5% copper, while gold and lead have assayed as high as 4.9g/t gold and 11.1% lead.
Speewah is now awaiting recommendations on what will be the most effective and cost efficient exploration strategy to follow up the numerous target areas conceptualised.
Titanium-vanadium project PFS review
Speewah has decided to suspend additional work on its titanium-vanadium acid leach pilot studies and Pre-Feasibility Study given the financing outlook.
A leading investment bank has been mandated to initiate discussions with an extensive list of international industry groups to investigate the potential of joint venture and/or any other transactions related to the titanium-vanadium project.
SPM Price at posting:
5.9¢ Sentiment: None Disclosure: Held
