Spectrum Metals Limited announced continuing high tenor gold results from the Phase II drilling program at the Penny North prospect. Significant intercepts received and expanded include: SPWRC056 5m at 24.4 g/t gold from 241m, including 3m at 40.2 g/t gold from 241m. SPWRC060 6m at 14.8 g/t gold from 268m, including 3m at 26.7 g/t gold from 268m. SPWRC058 2m at 5.6 g/t gold from 237m, including 1m at 10.6 g/t gold from 237m. SPWRC054 11m at 3.9 g/t gold from 221m, including 1m at 23.7g/t from 231m and 3m at 15.4 g/t gold from 239m. Further assay results from hole SPWRC054 have increased the width of the intersection which is now stated as 11m at 3.9 g/t gold (formerly 7m at 4.9g/t gold) from 221m including 1m at 23.7 g/t gold from 231m and 3m at 15.4 g/t gold from 239m. An additional three holes containing visible gold panned from RC chips have been completed and have assays pending: SPWRC066 ­ trace gold from composited 290 to 294m, SPWRC067 ­ 265 to 266m downhole, SPWRC068 ­ 267 to 270m downhole composite. Spectrum plans to allocate additional funds to both expedite and enlarge the Phase II RC drill program. Spectrum Metals are pleased to announce the next batch of assay results from the company's Penny North Prospect at Penny West in WA. A further six (6) holes are reported with best intercepts of: SPWRC056 5m at 24.4 g/t gold from 241m including 3m at 40.2 g/t gold from 241m. SPWRC058 2m at 5.6 g/t gold from 237m including 1m at 10.6 g/t gold from 237m. SPWRC060 6m at 14.8 g/t gold from 268m, including 3m at 26.7 g/t gold from 268m.