THE DRILL SERGAENT: Hammer Metals (ASX: HMX) reported assays from drilling carried out under a Queensland State Government Collaborative Exploration Initiative (CEI) funded diamond drilling program at the Koppany Copper – Copper and Rare Earth Element (REE) prospect.
Hammer Metals reported the drilling intersected broad zones of visible REE mineralisation (allanite) and multiple zones of stringer and semi-massive sulphide mineralisation.
Downhole EM has been conducted and processing of this data is underway.
“The REE diamond drilling program at Koppany conducted with the support of the Queensland Government’s Critical Minerals CEI confirmed the presence of broad zones of REE mineralisation as well as an adjacent zone of copper mineralisation,” Hammer Metals managing director Daniel Thomas said in the company’s announcement to the Australian Securities Exchange.
“These results are currently being compiled and reviewed to determine the next steps at this interesting prospect.
“The gold exploration review highlights the latent opportunity that exists within Hammer’s Mount Isa portfolio.
“With much of the region’s historic exploration focussing on base metal deposits, we have an opportunity to review these areas through a different lens and add quality exploration targets to the portfolio.
“The tenure that we have near the former Tick Hill mine has not been systematically explored and presents a unique opportunity for Hammer to continue progressing our efforts in advancing grass roots exploration concepts within the Mount Isa region.”
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