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Hammer Metals Ltd (ASX:HMX) has lined up a suite of copper-gold drill targets across various parts of its Mt Isa project in Queensland, including an extensive soil anomaly picked up at the Tourist Zone – with soil results of up to 0.49 grams per tonne of gold and 0.74% copper.
Hammer has been progressing soil sampling and geological mapping at this zone, as well as Overlander North, Kalman East and South, and Mascotte North – all within the Mt Isa tenements.
Soil surveys have also been extended south of the zone’s known mineralisation and earlier drilling work, and this has shown soils with higher grades of anomalism than a previously drilled anomaly, with the latter now stretching for up to 3 kilometres with width of up to 150 metres.
Hammer is looking ahead specifically to a reverse circulation drilling program at the Tourist Zone, with this supported by a prospective trend discovered through field mapping and geological reconnaissance; during this work, a rock chip sample of 3.96 grams per tonne of gold and 14.3% copper was discovered.
Meanwhile at Kalman, a prospective target containing a surface rock chip sample of 7 grams per tonne through geological reconnaissance of gold mineralisation intersected previously at the Kalman North EM target.
Anomalous copper, gold and molybdenum zones have also been picked up at Kalman
East, Kalman South and Kalman South-East, through soil sampling which was extended east and south of the Kalman deposit.
Managing Director Daniel Thomas said the soil sampling work had been successful in generating a range of drill targets at Mt Isa.
“The identification of a more significant gold and copper trend to the south of previous drilling is highly encouraging given that the historical drilling at the northern target generated copper intercepts of up to 37m at 1% Cu,” he said.
“These trends are highly anomalous and are supported by our geological reconnaissance which has identified mineralisation on surface.
“These prospects have never been drilled before and offer potential for further
discoveries on our 100%-owned Mount Isa tenure.
“Hammer has been systematically identifying untested trends and anomalies within our extensive tenement position for further investigation by soil sampling and geological reconnaissance.
“The exciting results emerging from Hammer’s initial work at Kalman and Tourist Zone are very pleasing and highlight the untapped potential of this project for further discoveries.”
At 15:12 AEST, Hammer shares were trading at 3.9 cents -a fall of 2.5% since the market opened.
