Hammer Metals Delivers Maiden Mineral Resource Estimate for Orelia North Gold Deposit
THE DRILL SERGEANT: Hammer Metals (ASX: HMX) delivered the initial Mineral Resource Estimate (MRE) for the Orelia North gold deposit, part of the company’s Yandal gold project in Western Australia.
The Orelia North deposit is located to the northeast of Leinster in the Yandal Greenstone Belt in WA in a good neighbourhood sitting approximately 9.5 kilometres to the north of the Orelia gold operation operated by Northern Star Resources (ASX: NST) and around 12.5km northwest of that company’s Bronzewing gold operations.
Hammer Metals released a JORC Code-compliant Inferred MRE for Orelia North of 1.48 million tonnes at 1.15 grams per tonne gold for 54,500 ounces of contained gold (0.5g/t Au cut-off).
The deposit extends from surface and remains open at depth, which the company consider displaying potential for Resource extensions.
“We’re pleased to report the initial Mineral Resource Estimate of over 54,000 ounces of contained gold for the Orelia North deposit, providing a solid foundation for Hammer’s ongoing exploration within the Yandal Greenstone Belt,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.
“Orelia North was discovered by Hammer in 2020 as part of a reconnaissance aircore drilling program.
“The discovery highlights the potential of Hammer’s exploration ground in the Yandal region where shallow first pass exploration conducted in the late 1970s and 1980s has been shown, in some instances, to not have detected near surface gold mineralisation.
“The Yandal gold region has long been a significant contributor to Australia’s gold production, with numerous significant gold systems including Bronzewing (2.3Moz), Jundee (>10Moz) and Thunderbox (>8Moz).
“With the Orelia North deposit located less than 10 kilometres north of Northern Star’s operating gold mine at Orelia, the project is ideally situated for future development.
“Additional exploration potential will now be considered with a view to increasing the project’s contained gold inventory.”
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