Announcement Date: 2022-12-19
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. 6m at 3.73% Cu, 1.47g/t Au, from 50m
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 intersected significant high-grade copper mineralisation across multiple prospects during its recently completed maiden drilling program at the Mount Hope and Mascotte group of prospects, located within the highly prospective Mount Hope area in the Mt Isa region of NW Queensland. At Mt Mascotte, three holes were drilled for 316m with the drilling designed to test the tenor and upside potential of two targets. Page 3 of 19 The results have revealed the potential for shear zone hosted mineralisation at depth at Mt Mascotte. Notably, there is significant elevated cobalt and nickel associated with the copper-gold mineralisation. In the Mount Hope region, a further seven holes for 861m were completed. Assays from the final hole at South Hope have been reported along with three holes at The Stubby (two of which were abandoned after hitting voids) and a single hole at the IP anomaly located at Stubby North. This drilling is being conducted as part of a larger program covering 10 prospects within the Mount Isa Project area. This program has recently been completed and assays are pending for drilling conducted at the Kalman Cu-Au-Mo-Re deposit, the Ajax Cu-Au prospect and at the Hardway (Cu-REE) prospect
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