Hammer Metals Claims Copper/REE System Discovery at Hardway

THE DRILL SERGEANT: Hammer Metals (ASX: HMX) has claimed discovery of a large zone of copper and rare earth element (REE) mineralisation from initial RC drilling at the Hardway prospect, located within the company’s broader Mount Isa portfolio in Queensland.

Hammer Metals drilled a single hole at Hardway to test underneath a historic open pit.

This hole produced results that include:

HMHWRC001
30 metres at 1.1 per cent copper from 48m; and

26m at 0.14 per cent total rare earth and yttrium oxides (TREOY) from 34m, including 9m at 0.2 per cent TREOY.

“This is a fantastic way to start the year, with the results from our first hole at Hardway exceeding the team’s expectations,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“Seeing a wide zone of strong copper and rare earths mineralisation in the initial drilling and at shallow depths is a fabulous result which when combined with broad soil anomalism indicates that we have a significant mineralised system on our hands.

“Encouragingly, copper and heavy rare earth mineralisation has also been identified by mapping and sampling at various points along an approx. two kilometres long trend.

“Hardway adds to a growing list of prospective mineralised zones identified by Hammer’s 2022 programs that will be drilled by the company in the first quarter of this year.

“Results from our recent Kalman drilling are eagerly awaited and the current uplifts in both molybdenum and copper prices give added momentum to the future development of Hammer’s resources in one of the world’s greatest base metal provinces.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE