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Speewah Metals Chairman Acquires Shares On Market

Speewah Metals (ASX: SPM) executive chairman Anthony Barton has increased his shareholding by 300,000 shares through additional on-market purchases.

Barton obtained the shares for a total consideration of A$14,992, providing an average entry price of around $0.05 each.

Speewah Metals' renewed focus on previously discovered high grade copper-gold found at Speewah Dome tenements has yielded a key to the most likely control of the mineralisation - a felsic granophyre rock unit that may be close to surface.

The company commissioned an independent geological consultant to conduct a new review of high grade gold-copper at Speewah Dome that has shed light on unlocking the potential known to exist within the landholding.

Strong evidence of copper, gold and base metal mineralisation exists in several locations over large portions of the Dome.

In 2010/2011 geologists undertook a soil and rock chip sampling program over some unexplored portions in the north-eastern sections of the Dome.

Numerous high grade copper, gold and silver assays were evidenced in surface rock samples, with the best results previously reported being 27.25% copper, 25 ounces per tonne silver, and 4.97 grams per tonne gold.

The review has established a new exploration model for its Speewah Dome tenements which prioritises copper-gold targets in previously unexplored fault locations, where a felsic granophyre unit has been 3D modelled to be present, and potentially close to surface.

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