Spectrum Metals Limited announced drill results from its reverse circulation drilling program at its Penny West Project in Western Australia. Significant extensional RC drilling results at Magenta include SPWRC125 - 4m at 11.1 g/t gold from 195m, including 1m at 41.0 g/t gold from 198m. SPWRC124 - 3m at 2.28 g/t gold from 174m. Significant intersections from holes at the Youangarra Prospect include SPWRC135 - 2m at 3.80 g/t gold from 65m, including 1m at 6.91 g/t gold from 66m. SPWRC136 - 7m at 1.57g/t gold from 109m, including 2m at 4.79 g/t gold from 109m. Spectrum has completed several additional RC holes at the Magenta prospect, located 1.5km to the north of Penny North and along strike within the Penny West Shear. These holes have extended the known mineralised structure down dip to a vertical depth of circa 170m. It should be noted that hole SPWRC125 intersected the high gold grade so far in Spectrum's drilling campaign to the north of the Penny North deposit, demonstrating that a high-grade gold system with depth potential is present at the Magenta and confirms that the Penny West Shear structure continues to be an important mineralised structure well to the north of the high-grade Penny North deposit. Several RC holes at the Magenta Prospect are still awaiting assays.