THE DRILL SERGEANT: Hammer Metals (ASX: HMX) has commenced drilling at the company’s Mount Isa East project in Queensland.
Hammer Metals said the program will be drilling at a number of high priority 100 per cent-owned Hammer targets whilst also completing further drilling at the Mount Isa East JOGMEC Joint Venture Trafalgar copper gold discovery.
Hammer prospects in the gun include:
Lady Rose – located approximately 2km south-west of Trafalgar to determine the tenor and strike continuity of the copper and gold mineralisation observed at surface;
The Overlander North IOCG target – on its southern margin beneath a zone of strong iron oxide alteration and abundant gossanous scree;
Kalman West – at a magneto telluric target which is overlain by anomalous gold, copper, lead and zinc in soil sampling;
Serendipity (south of Kalman) – situated in a similar structural position to Hammer’s Kalman deposit;
Lakeview – approximately 7km along trend from Trafalgar and has historical artisanal mining shafts and outcropping copper/gold mineralisation; and
Kings and Charlotte – near Malbon with strong surface copper, gold and cobalt anomalism.
The company anticipates a second phase drill program will follow in H2 2021 to test known zones of mineralisation at Black Rock, Sunset, Smoko Gossan and Tiny Boot.
“The commencement of drilling in Mount Isa is pleasing and presents Hammer with its first opportunity since the Trafalgar discovery earlier this year to drill Hammer’s 100 per cent-owned prospects which sit along trend and in close proximity to the discovery,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.
“The program, which has commenced, aims to test seven high-priority targets, some of which have not been previously drill tested and have shown promising signs of base metal mineralisation.
“Several promising prospects remain to be tested in the second half of 2021.
“It’s also great to see a return program at Trafalgar to follow up on our early success here and test for extensions of the copper and gold mineralisation.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE