THE DRILL SERGEANT: Hammer Metals (ASX: HMX) claimed a new copper-gold discovery at the Trafalgar prospect on the company’s Mt Isa East Joint Venture area in Queensland.
Hammer made the discovery from drilling undertaken late 2020 at Trafalgar, with further drilling carried out on the Shadow and Even Steven South prospects.
Intercepts from two holes drilled at Trafalgar include:
55 metres at 1.12 per cent copper and 0.3 grams per tonne gold from 119m, including 16m at 1.77 per cent copper and 0.49g/t gold from 149m; and
32m at 1.04 per cent copper and 0.25g/t gold from 64m, including 6m at 2.38 per cent copper and 1.45g/t gold from 91m.
The Trafalgar prospect forms part of an extensive copper-gold soil anomaly which stretches for 2.7km with little previous exploration.
The results of this drilling will be reviewed by the Joint Venture with a view to conducting further evaluation in the next phase of exploration.
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