| Announcement Date: | 2022-12-21 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | Hammer Metals Ltd. |
| Project name: | Mt Frosty JV |
| Location: | Australia |
| Commodities: | Gold,Copper |
| Highlight: | Updated Resource Estimate for Project |
| 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 announce an initial Mineral Resource Estimate (MRE) for the Lakeview copper-gold deposit, located 2km south of the Barkly Highway approximately mid-way between Mt Isa and Cloncurry in north-west Queensland. The deposit lies approximately 4.5km south-east of the Jubilee copper-gold deposit which forms part of the Mt Frosty Joint Venture (HMX 51% and Glencore 49%). The Mount Colin mine, operated by Aeris Resources, is located approximately 7.5km to the north. Lakeview Mineral Resource Estimate Geowiz Consulting was commissioned by Hammer Metals Limited to undertake a Mineral Resource Estimate (MRE) for the Lakeview copper-gold deposit. The MRE has been estimated in accordance with the 2012 Edition of the JORC code* . The understanding of the geology, mineralisation, continuity, and methodology is sufficient for the mineralisation to be classified as an Inferred Mineral Resource. The deposit is similar in style to other coppergold deposits in the region |
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