Hammer Metals Scores New Wide Copper and Rare Earth Hits at Hardway

THE DRILL SERGEANT: Hammer Metals (ASX: HMX) reported on recent results from follow-up Reverse Circulation (RC) drilling at the Hardway prospect, part of the company’s Mt Isa portfolio in NW Queensland.

Hammer Metals said the drilling delivered further broad, shallow intercepts of copper and rare earth element (REE) mineralisation, improving on earlier drilling that encountered intercepts of copper and total rare earths and yttrium oxides.

Results include:

HMHWRC012
57 metres at 1 per cent copper from surface, including 10m at 2.87 per cent copper, 0.11 grams per tonne gold and 0.09 per cent TREYO from 25m;

HMHWRC006
24m at 1.06 per cent copper and 0.2 per cent TREYO from 14m within 58m at 0.55 per cent copper from surface (hole terminated in mineralisation);

HMHWRC010
13m at 1.20 per cent copper from 35m within 38m at 0.66 per cent copper from 13m;

HMHWRC005
9m at 1.51 per cent copper and 0.18 per cent TREYO from 67m within 43m at 0.54 per cent copper from 48m;

HMHWRC002
43m at 0.52 per cent copper and 0.12 per cent TREYO from 57m; and

HMHWRC001
30m at 1.1 per cent copper from 48m and 26m at 0.14 per cent TREYO from 34m in (previously reported).

“The Hardway prospect is continuing to deliver exceptional drilling results, with these latest assays confirming that the copper and heavy rare earth mineralisation continues along the previously identified approx. two kilometres long trend,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“With this drilling still being very wide-spaced, a follow-up program for Hardway is now being designed with the aim of optimising the discovery and focusing in on zones with the best potential to add metal inventory at higher grades.

“Pleasingly, a geological review of this tenement has identified a new zone of higher grade REE and copper mineralisation at the Easy Life Prospect, which lies just 1.2 kilometres south-west of the main Hardway workings.

“This will be a priority target for follow-up exploration.

“With drilling soon to also commence at our high-grade Mount Hope copper targets, shareholders can look forward to strong upcoming news-flow from our ongoing drilling of fertile copper and gold systems in the world-class Mt Isa district.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE