Hammer Metals Extends Kalman Deposit Via Shallow Copper-Gold-Molybdenum Hits
THE DRILL SERGEANT: Hammer Metals (ASX: HMX) had a tale to tell attendees on Day One of the 2022 RIU Explorers Conference regarding recent drilling results from the company’s 100 per cent-owned Kalman deposit located outside Mt Isa in Queensland.
Hammer Metals’ recent drilling of Kalman intercepted broad zones of shallow copper/gold/molybdenum/rhenium mineralisation, extending the deposit to the north of its existing JORC resource.
Hammer described Kalman as being one of the few polymetallic deposits in Queensland to contain substantial molybdenum and rhenium in addition to copper and gold.
“Kalman remains Hammer’s most advanced prospect and these results highlight the latent potential in immediate proximity to the project,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.
“Drilling has improved confidence in the defined JORC resource and has also opened up the deposit to the North at shallow depths, whilst the high-grade potential of the system remains open at depth and along strike to the South.
“In an environment of rising metal prices and with a surge in demand for new economy metals, Hammer is presented with an immediate opportunity to further explore Kalman focussing on increasing the potential economic return from this system.
“Combined with continued exploration success near this deposit, the underlying potential of the Mount Isa Inlier region is finally garnering the investor and industry interest it deserves.
“Hammer is positioned for success through the advancement of our JORC compliant resources and our numerous exploration prospects during the coming year.
“Drilling continues at our prospects and within the Mount Isa East Joint Venture providing a solid stream of exploration news in the months ahead.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: info@hammermetals.com.au
