Hammer Metals Intersects Further Mt Isa Copper and Gold

THE DRILL SERGEANT: Hammer Metals (ASX: HMX) reported further assay results from Reverse Circulation (RC) drilling completed in September across the company’s Mt Isa portfolio in North Queensland.

Hammer Metals had previously reported initial results from drilling at the Hardway prospect while the latest results stem from the Bulonga, Pommern, Tourist Zone and Overlander Central prospects.

Drilling at the Tourist Zone confirmed and extended mineralisation encountered in previous drilling, with new intercepts of:

HMTZRC001
30 metres at 0.8 per cent copper and 0.24 grams per tonne gold from 121m, including 15m at 1.13 per cent copper and 0.24g/t gold; and

HMTZRC002
12m at 1.14 per cent copper and 0.18g/t gold from 107m, including 2m at 3.02 per cent copper and 0.53g/t gold.

An initial drill hole at the Bulonga prospect hit an encouraging zone of copper and gold mineralisation of:

HMPORC003
5m at 2 per cent copper and 0.64g/t gold from 18m.

Drilling at Overlander continued to deliver broad zones of copper mineralisation, including:

OVRC037
113m at 0.21 per cent copper; and

OVRC038
90m at 0.23 per cent copper.

“Overall, this 3,500 metres drilling program has exceeded our expectations with multiple targets delivering significant intersections of both copper and gold mineralisation,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“The Tourist zone program has confirmed historical work in this region and highlights great potential along strike.

“At Overlander, the area of mineralised copper continues to grow.

“We continue to improve our understanding of this system, with a view to pinpointing a more substantive zone of higher-grade material in what is a very broad halo of lower grade copper mineralisation.

“We were pleasantly surprised by the gold mineralisation encountered at Kalman North in the bottom of the final drill hole.

“The final batch of assay results from this recent program of drilling are imminent and highly anticipated given they included holes drilled to follow up previous 50 metres plus intercepts at grades in excess of one per cent copper at both South Hope and Mount Mascotte.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE