Hammer Metals Intersects Copper and Gold at Neptune and Kings-Charlotte

THE DRILL SERGEANT: Hammer Metals (ASX: HMX) recently completed a drilling program at the company’s Mount Isa project.

The RC drill program tested several high-priority, 100 per cent-owned Hammer targets whilst also completing further drilling at the Mount Isa east JOGMEC Joint Venture, Trafalgar copper gold discovery.

Copper and gold mineralisation was confirmed at Hammer’s 100 per cent-owned Neptune prospect with results of:

100 metres at 0.48 per cent copper and 0.18 grams per tonne gold from 173m, including 3m at 2.23 per cent copper, 0.2g/t gold from 185m, 3m at 3.09 per cent copper and 1.4g/t gold from 198m and 5m at 2.21 per cent copper and 0.37g/t gold from 234m; and

66m at 0.32 per cent copper and 0.07g/t gold from 33m, including 2m at 1.92 per cent copper and 0.42g/t gold from 33m.

Copper, gold and cobalt mineralisation was identified at Kings-Charlotte prospects in the Malbon region, returning results of:

3m at 3.89 per cent copper and 0.56g/t gold from 18m, including o 1m at 10.12 per cent copper and 1.52g/t gold; and

10m at 0.58 per cent copper and 0.12 per cent cobalt from 19m and 1m at 1.59 per cent copper from 36m.

“The continued successful delineation of copper and gold mineralisation at different prospects throughout the Hammer portfolio highlights the copper endowment within the Mount Isa district,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“Hammer will look to build upon these initial drill results at the Neptune and Kings-Charlotte prospects with follow up drilling to be undertaken in the second half of this year.

“The Neptune area which is in the immediate vicinity of the Trafalgar trend is encouraging as Hammer looks to build upon our mineral inventory in the region.

“The exceptional rock chip gold result at Kalman West is a subtle reminder of the gold potential in the region.”




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Web: www.hammermetals.com.au