Hammer Metals Drills South Optimism

THE DRILL SERGEANT: Hammer Metals (ASX: HMX) reported further drilling results from the company’s Mt Isa portfolio in North Queensland.

This time, Hammer Metals reported new high-grade assay results from Reverse Circulation (RC) drilling completed in September at the company’s Hope South and nearby Mt Mascotte prospects.

The company said the drilling it carried out down-dip of previous intercepts at South Hope had highlighted the continuity of the high-grade mineralised zone, producing new assays including:

HMSHRC010
14 metres at 3.34 per cent copper and 0.72 grams per tonne gold from 113m within 34m 2.5 per cent copper and 0.49g/t gold; and

HMHSRC011
6m at 1.05 per cent copper and 0.28g/t gold from 114m.

Drilling also encountered a high-grade zone of mineralisation along strike at Mt Mascotte, producing:

HMMARC009
4m at 2.82 per cent copper and 3.84g/t gold from 104m.

“These outstanding results cap a highly successful drilling program and offer some great opportunities for further follow-up in early 2024,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“The high-grade nature of the mineralisation at Mt Mascotte and South Hope provides further evidence of the attractiveness of these prospects, which continue to deliver significant wide high-grade copper intercepts from shallow depths.

“As the copper inventories of the region grow, these prospects offer good grades of mineralisation close to surface and will provide opportunities for future development of the deposits in the region.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE