Announcement Date: 2022-11-22
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. 28m at 2.16% Cu, 0.42g/t Au, from 74m
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 final assay results confirming a significant wide zone of high-grade copper sulphide mineralisation in the first Reverse Circulation (RC) drill-hole completed at the South Hope prospect, part of its Mount Isa copper-gold portfolio in NW Queensland. The Company’s first RC program at Mount Hope has now been successfully completed with 11 holes drilled for 1,353m of drilling across six discrete prospects. Drilling primarily targeted zones of former copper-gold workings in addition to recently defined geophysical (Induced Polarisation) anomalies. The targets included South Hope, The Stubby, North Stubby IP Anomaly, Mascotte and Mascotte Junction. Samples have now been submitted to the laboratory with assays expected to be returned over the next 4-6 weeks.
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