Hammer Metals Identifies Gold and Copper Targets in North Queensland

THE DRILL SERGEANT: Hammer Metals (ASX: HMX) has identified a strong EM conductor within the company’s 100 per cent-owned Mount Isa project in north-west Queensland.

Hammer Metals recently completed ground-based fixed loop electromagnetic (FLEM) survey that identified the EM conductor in the Revenue mine area.

Soil surveys carried out in 2024 also identified several copper-gold and gold-only targets within the Mount Isa project.

The new EM conductor is now known as the Lex Target, the area of which lies west of the Revenue trend of historical workings, where historical drilling intersected metre scale zones of percent level copper and gold.

Lex is located north-northeast of the Clarks historical workings which consists of a chalcopyrite-bearing calcite vein.

Hammer indicated that Lex is to be drilled in the company’s upcoming RC program along with Tourist Zone South target in April.

“Hammer’s team had a busy 2024 collecting and collating significant datasets that have since yielded a number of high-quality targets to pursue in the coming year,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“The region remains lightly explored with our recent soil sampling program across the Pilgrim Fault representing the first meaningful work to be conducted on this tenure despite its proximity to highly mineralised projects at Tick Hill and Kalman.

“The standout EM conductor at Lex is intriguing with the added mystery of the area being undercover.

“I’m looking forward to seeing the drill test of this EM anomaly in the near term.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE