Announcement Date: 2022-03-09
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Hammer Metals Ltd.
Project name: Mount Isa
Location: Australia
Commodities: Gold,Copper
Highlight: Drilling results incl. 16m @ 3.5% Cu, 1.8g/t Au from 22m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Hammer Metals Ltd (ASX: HMX) (“Hammer” or the “Company”) is pleased to advise that it has received laboratory assay results for the previously reported high-grade copper-gold sulphide intercept at the 100%- owned Ajax prospect, within its Mt Isa exploration portfolio in northwest Queensland. The Company has also received significant results from recently completed electromagnetic surveys at Ajax further upgrading the potential of this prospect and ensuring it is prioritised for follow-up drilling. Reconnaissance Reverse Circulation (RC) drill-hole HMLVRC014, which was designed to test prospective surface geological features on the Lakeview trend (see Figure 2), has now been confirmed via laboratory analysis to have intersected a significant zone of high-grade copper and gold mineralisation. A subsequent down-hole electromagnetic (DHEM) survey was unable to identify conductors within the hole, with a sizeable EM conductor identified nearby overshadowing any potential response generated from the mineralisation identified within the drill-hole.
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