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Hammer Metals defines Yandal Project Gold, Nickel and Lithium targets

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) has completed geochemical programs within the company’s Yandal Greenstone Belt tenements in Western Australia’s north-eastern Goldfields.

Hammer Metals conducted the exploration activities over multiple zones of the Bronzewing South and Bronzewing North project areas.

The work consisted of a broad range soil sampling program across the company’s tenements at Kens Bore, Harrier, Kingsley Bore, Sam Well (East, North and South), Sword and Pumpkin Well areas.

The sampling has highlighted gold targets at Harrier, Sam Well and Sam Well North while nickel soil anomalism has been defined at Sam Well East.

Hammer indicated it is aiming to further develop these promising targets ahead of conducting first-pass air-core drill testing in 2023.

“It’s pleasing to see the evolution of multiple greenfield gold and nickel targets in the prolific Yandal mineral region of WA, as well as the emergence of an anomalous lithium response which requires further ground review,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“Work on our Yandal gold project has understandably taken a back seat in 2022 as the company has focused its attention on our prospective copper-gold targets across our expansive Mount Isa tenure in North-West Queensland.

“In a similar manner to our scaled-back programs in Queensland in 2019, Hammer has continued to increase its geological knowledge and undertake target generation work in the highly prospective Yandal gold and nickel region, a district with proven potential to host world-class deposits.

“The team continues to prioritise its work programs, focusing on targets with the highest potential.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.hammermetals.com.au

 

 

Hammer Metals Pinpoints New Drill Targets at Mount Hope

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) has identified two new Induced Polarisation (IP) anomalies on the company’s 100%-owned Mount Hope tenement in North-West Queensland.

Hammer Metals generated the new drill targets recently having completed IP geophysical surveys across the Mount Hope tenement.

A maximum IP anomaly of >42mv/v was recorded in the survey along trend from nearby copper workings that was identified by the company to represent an immediate drilling prospect.

A total of five IP lines were completed covering prospective trends to the east, south and north of the main Mount Hope historic workings.

The survey outlined several anomalies, with two targets considered suitable for immediate drilling and further zones identified for further ground review.

“It’s pleasing to see such strong anomalies generated from the intensive geophysical programs that we have been undertaking across our tenure,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“The highly encouraging anomaly at the Stubby prospect will be added to our extensive ongoing drilling program and offers another exceptional copper-gold target for our shareholders.

“A strong news pipeline has been developed, with an active drilling program on prospective targets continuing and further geophysical results on the horizon.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@hammermetals.com.au

 

Web: www.hammermetals.com.au

 

 

Hammer Metals intersects Sulphides at Ajax East

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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

 

 

Hammer Metals Achieves Big Copper Hit at Ajax

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) released laboratory assay results for a previously reported high-grade copper-gold sulphide intercept at the 100 per cent- owned Ajax prospect, within the company’s Mt Isa exploration portfolio in northwest Queensland.

Hammer Metals explained the lab results to have upgraded the previously reported p-XRF intercept at the Ajax prospect, returning assay results of:

HMLVRC014
11 metres at 5 per cent copper and 2.5 grams per tonne gold from 24m, within a broader interval of 16m at 3.5 per cent copper and 1.8g/t gold from 22m.

“It’s extremely pleasing to see a significant upgrade to the preliminary assay results at Ajax,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“Copper grades above five per cent are rare, especially with the potential relationship of this intercept to a nearby sizeable geophysical target.

“Given the absence of graphite in the immediate area, the conductor may represent a prospective sulphide horizon.

“The corresponding strong copper and gold geochemistry at surface presents Ajax as one of the more exceptional exploration targets that I have observed.

“Another high-quality target has now been added to our drilling sequence.”

Hammer indicated the identified mineral horizon at Ajax defined by hole HMLVRC014 will be followed up with drilling along strike and at depth to determine the potential geometry of the system.

The testing of the EM target zone to the east of Ajax has been prioritised with Hammer undertaking additional cultural clearances and finalising its land access arrangements.

The hole will be tested with diamond drilling with initial indications that drilling will commence once landholder negotiations have been finalised.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@hammermetals.com.au

 

Web: www.hammermetals.com.au

 

Hammer Metals Extends Kalman Deposit Via Shallow Copper-Gold-Molybdenum Hits

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) had a tale to tell attendees on Day One of the 2022 RIU Explorers Conference regarding recent drilling results from the company’s 100 per cent-owned Kalman deposit located outside Mt Isa in Queensland.

Hammer Metals’ recent drilling of Kalman intercepted broad zones of shallow copper/gold/molybdenum/rhenium mineralisation, extending the deposit to the north of its existing JORC resource.

Hammer described Kalman as being one of the few polymetallic deposits in Queensland to contain substantial molybdenum and rhenium in addition to copper and gold.

“Kalman remains Hammer’s most advanced prospect and these results highlight the latent potential in immediate proximity to the project,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“Drilling has improved confidence in the defined JORC resource and has also opened up the deposit to the North at shallow depths, whilst the high-grade potential of the system remains open at depth and along strike to the South.

“In an environment of rising metal prices and with a surge in demand for new economy metals, Hammer is presented with an immediate opportunity to further explore Kalman focussing on increasing the potential economic return from this system.

“Combined with continued exploration success near this deposit, the underlying potential of the Mount Isa Inlier region is finally garnering the investor and industry interest it deserves.

“Hammer is positioned for success through the advancement of our JORC compliant resources and our numerous exploration prospects during the coming year.

“Drilling continues at our prospects and within the Mount Isa East Joint Venture providing a solid stream of exploration news in the months ahead.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@hammermetals.com.au

 

Web: www.hammermetals.com.au

 

Hammer Metals Extends Copper/Gold Mineralisation at Trafalgar

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) provided an update on recent activity at the company’s Mt Isa East Joint Venture with Sumitomo Metal Mining Oceania.

Hammer Metals reported a restricted drilling program at the Trafalgar deposit has confirmed extension of mineralisation to the north with new zones of mineralisation to the west of the deposit.

Intercepts include:

HMTRRC006
16m at 0.88 per cent copper and 0.34 grams per tonne gold from 192m, including 9m at 1.28 per cent copper and 0.5g/t gold from 195m;

HMTRRC007
19m at 0.70 per cent copper and 0.17g/t gold from 117m, including 6m at 1.58 per cent copper and 0.38g/t gold from 126m; and

HMTRRC008
35m at 0.42 per cent copper and 0.07g/t gold from 175m, including 6m at 1.15 per cent copper and 0.2g/t gold from 185m.

Hamer also completed detailed geological mapping along the Trafalgar trend that identified the presence of an extensive red rock-magnetite alteration zone spanning the central mineralised trend and extends along strike for 2.7 kilometres.

The company also reported the completion of the transfer of the Joint Venture between Japan Oil, Gas and Metals National Corporation (JOGMEC) and Sumitomo Metal Mining Oceania.

“With a limited budget and work program in place during the transfer of the Mount Isa East Joint Venture to SMMO, drilling has successfully extended mineralisation to the north of Trafalgar with new zones of mineralisation being identified to the west,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“Following the recent completion of the transfer of the JV, Hammer has now recommenced an aggressive exploration program pursuing mineralised zones along the four-kilometre trend at Trafalgar and elsewhere within the JV area.

“Several exciting targets remain to be tested with targeting being refined in the coming weeks with detailed geophysical and geochemical surveys.

“We continue to see long delays associated with laboratory turnaround times, with results still pending from Hammer’s drilling at its 100 per cent-owned prospects at Overlander, Serendipity, Kalman West and follow up drilling at Lakeview.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@hammermetals.com.au

 

Web: www.hammermetals.com.au

 

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

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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:

HMLRRC002
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

HMLRRC003
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:

HMAKRC004
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

HMAKRC005
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.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@hammermetals.com.au

 

Web: www.hammermetals.com.au

 

Hammer Metals Commences Mt Isa Drilling

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) has commenced drilling at the company’s Mount Isa East project in Queensland.

Hammer Metals said the program will be drilling at a number of 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.

Hammer prospects in the gun include:

Lady Rose – located approximately 2km south-west of Trafalgar to determine the tenor and strike continuity of the copper and gold mineralisation observed at surface;

The Overlander North IOCG target – on its southern margin beneath a zone of strong iron oxide alteration and abundant gossanous scree;

Kalman West – at a magneto telluric target which is overlain by anomalous gold, copper, lead and zinc in soil sampling;

Serendipity (south of Kalman) – situated in a similar structural position to Hammer’s Kalman deposit;

Lakeview – approximately 7km along trend from Trafalgar and has historical artisanal mining shafts and outcropping copper/gold mineralisation; and

Kings and Charlotte – near Malbon with strong surface copper, gold and cobalt anomalism.

The company anticipates a second phase drill program will follow in H2 2021 to test known zones of mineralisation at Black Rock, Sunset, Smoko Gossan and Tiny Boot.

“The commencement of drilling in Mount Isa is pleasing and presents Hammer with its first opportunity since the Trafalgar discovery earlier this year to drill Hammer’s 100 per cent-owned prospects which sit along trend and in close proximity to the discovery,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“The program, which has commenced, aims to test seven high-priority targets, some of which have not been previously drill tested and have shown promising signs of base metal mineralisation.

“Several promising prospects remain to be tested in the second half of 2021.

“It’s also great to see a return program at Trafalgar to follow up on our early success here and test for extensions of the copper and gold mineralisation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@hammermetals.com.au

 

Web: www.hammermetals.com.au

 

Hammer Metals Claims New Copper-Gold Discovery

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) claimed a new copper-gold discovery at the Trafalgar prospect on the company’s Mt Isa East Joint Venture area in Queensland.

Hammer made the discovery from drilling undertaken late 2020 at Trafalgar, with further drilling carried out on the Shadow and Even Steven South prospects.

Intercepts from two holes drilled at Trafalgar include:

HMTRRC001
55 metres at 1.12 per cent copper and 0.3 grams per tonne gold from 119m, including 16m at 1.77 per cent copper and 0.49g/t gold from 149m; and

HMTRRC002
32m at 1.04 per cent copper and 0.25g/t gold from 64m, including 6m at 2.38 per cent copper and 1.45g/t gold from 91m.

The Trafalgar prospect forms part of an extensive copper-gold soil anomaly which stretches for 2.7km with little previous exploration.

The results of this drilling will be reviewed by the Joint Venture with a view to conducting further evaluation in the next phase of exploration.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Email: info@hammermetals.com.au

 

Web: www.hammermetals.com.au

 

 

 

 

Hammer Metals Co-Funded Drilling Hits REE Mineralisation

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THE DRILL SERGAENT: Hammer Metals (ASX: HMX) reported assays from drilling carried out under a Queensland State Government Collaborative Exploration Initiative (CEI) funded diamond drilling program at the Koppany Copper – Copper and Rare Earth Element (REE) prospect.

Hammer Metals reported the drilling intersected broad zones of visible REE mineralisation (allanite) and multiple zones of stringer and semi-massive sulphide mineralisation.

Downhole EM has been conducted and processing of this data is underway.

“The REE diamond drilling program at Koppany conducted with the support of the Queensland Government’s Critical Minerals CEI confirmed the presence of broad zones of REE mineralisation as well as an adjacent zone of copper mineralisation,” Hammer Metals managing director Daniel Thomas said in the company’s announcement to the Australian Securities Exchange.

“These results are currently being compiled and reviewed to determine the next steps at this interesting prospect.

“The gold exploration review highlights the latent opportunity that exists within Hammer’s Mount Isa portfolio.

“With much of the region’s historic exploration focussing on base metal deposits, we have an opportunity to review these areas through a different lens and add quality exploration targets to the portfolio.

“The tenure that we have near the former Tick Hill mine has not been systematically explored and presents a unique opportunity for Hammer to continue progressing our efforts in advancing grass roots exploration concepts within the Mount Isa region.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@hammermetals.com.au

 

Web: www.hammermetals.com.au