Announcement Date: 2022-10-24
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Hammer Metals Ltd.
Project name: Mount Isa
Location: Australia
Commodities: Gold,Copper,Nickel,Cobalt
Highlight: Drilling results incl. 15m at 0.04g/t Au, 0.82% Cu, 303ppm Co, 541ppm Ni from 129m
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 report results from recent followup drilling at the Ajax and Ajax East prospects, located within its Mt Isa Project in NW Queensland along the exciting Trafalgar-to-Jubilee trend, which includes established copper-gold resources at Elaine, Jubilee and at Aeris Resources’ (ASX: AIS) Mt Colin copper mine. Utilising further down-hole electromagnetics, surface electromagnetics and ground magnetic surveys, a total of six Reverse Circulation (RC) holes for 1,145m have been completed in this emerging area. This drilling is being conducted a part of a larger program covering 10 prospects within the Mount Isa project area. Two of these prospects, Pearl and Trafalgar, are part of the Mount Isa East Joint Venture with Sumitomo Metal Mining Oceania. Successful drilling at Ajax has re-opened this trend for the discovery of further mineralisation, with a number of follow-up holes currently being designed to be drilled towards the end of the current program to further evaluate this trend. Similarly, drilling at Ajax East, has confirmed the presence of a large-scale sulphide system with a narrow zone of high-grade copper
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