Hammer Metals Commences Yandal Gold Drilling
THE DRILL SERGANT: Hammer Metals (ASX: HMX) has commenced drilling programs targeting two prospects within the company’s 100 per cent-owned Yandal gold project in Western Australia.
Hammer Metals is air-core drilling at the Sword prospect testing soil anomalism on the margin of the Overlord Thrust in an analogous position to the nearby Julius Gold Deposit, owned by Northern Star Resources (ASX: NST).
Hammer describes Sword as being characterised by significant gold-in-soil (>5ppb to 44ppb) anomaly which stretches over 400 metres.
Historic drilling at the prospect by previous explorers was widely spaced with the holes predominantly drilled vertically.
Aircore drilling at the Harrier prospect is testing an eastern limb of the Bronzewing Anticline approximately 4km south-east of the Bronzewing deposit.
Harrier has a coherent soil anomaly extending over a strike length of approx. 1.3km and a width of 250m, with a maximum soil result of 41ppb gold.
Historical work at Harrier has focused on soil and surface gold anomalism with previous drilling encountering bottom-of-hole gold anomalism.
“We’re pleased to return to grassroots exploration targets in one of Australia’s most prominent gold production and exploration regions,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.
“The prospects at Sword and Harrier are located close to significant gold mines in the district and have been inadequately explored given the significant gold anomalism associated with both of these targets.
“Our pending gold resource at North Orelia, quality exploration targets and a recent peak in gold prices underpin the potential of our Yandal project and highlight the opportunity to create additional value within Hammer’s portfolio of projects.
“Ongoing field work at Hammer’s prospects and Joint Ventures in the Mount Isa region is ongoing with significant soil sampling programs in progress and preparations underway for various work programs within Hammer’s recently executed Joint Ventures with South32 and Sumitomo Metal Mining Oceania.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
