Hammer Metals intersects Sulphides at Ajax East

THE DRILL SERGEANT: Hammer Metals (ASX: HMX) returned home from the 2022 RIU Sydney Resources Roundup to results from initial drilling undertaken at the at the recently discovered Ajax East prospect within the company’s Mt Isa exploration portfolio in north-west Queensland.

Hammer Metals reported the drilling encountered a six-metre interval of stringer sulphide mineralisation (including pyrrhotite and chalcopyrite) within a 30m zone of highly altered metasediments, corresponding with the modelled EM conductor at approx. 290m down-hole.

Copper intersections included:

HMLVRC019
14m at 0.21 per cent copper from 42m (with noteworthy amounts of pyrrhotite present in the interval); and

HMLVRC019
1m at 1.52 per cent copper from 88m.

The company considers the presence of such a sulphide horizon at Ajax East to have upgraded the target, interpreting the results to demonstrate the active sulphide system may have potential to host economic zones of chalcopyrite mineralisation.

A follow-up Down-Hole Electromagnetic (DHEM) survey confirmed the extent of the Ajax East prospective horizon while also recording responses to the sulphide mineralisation observed in both the hangingwall and footwall positions.

Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.
“Ajax East is continuing to emerge as an exciting new target area, with confirmation of sulphides in the initial drilling a very encouraging development.

“Based on the available geophysics, this target horizon may continue for more than a kilometre and the presence of chalcopyrite in this hole and in nearby locations gives us confidence that this is a fertile copper system, representing an excellent exploration target that is virtually untested.

“Our inventory of high-quality targets in the Mt Isa district continues to grow in line with our extensive geophysical and geochemical programs.”

Hammer is carrying out further Fixed Loop Electromagnetic (FLEM) surveys to refine targeting and assist in designing a thorough follow-up drill program.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@hammermetals.com.au

 

Web: www.hammermetals.com.au