| 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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