- Hammer Metals (HMX) accelerates exploration at its Mount Isa East joint venture after identifying broad copper-gold zones at Trafalgar
- Broad zones of shallow copper-gold mineralisation was discovered in all six targets drilled along the 4.5 kilometre long Trafalgar trend
- The company will launch a new phase of diamond drilling this week, which will explore the Mount Philip iron oxide copper-gold target and the Trafalgar copper-gold target
- It is finalising is budget and plans for the project, which include a drilling program as well as further soil, mapping, IP and electromagnetic (EM) surveys
- Before market open, shares are trading at 12.5 cents each
Hammer Metals (HMX) is accelerating exploration at its Mount Isa East joint venture after identifying broad copper-gold zones at Trafalgar.
Broad zones of shallow copper-gold mineralisation were found in all six targets drilled along the 4.5 kilometre long Trafalgar trend.
The best results came from the Spring Extended target at 18 metres at 0.73 per cent copper and 0.25 grams per tonne (g/t) of gold from 45 metres including four metres at 2.12 per cent copper and 0.64g/t of gold from 55 metres.
A second hole at this target, 290 metres away, also identified one of the best results for mineralisation. The company said this could potentially represent a broad zone of significant copper-gold mineralisation.
The company will launch a new phase of diamond drilling this week, which will explore the Mount Philip iron oxide copper-gold target and the Trafalgar copper-gold target.
Hammer Metals is finalising is budget and plans for the project, which include a drilling program as well as further soil, mapping, IP and electromagnetic (EM) surveys.
Managing Director Daniel Thomas said the results give the company confidence it is testing the right targets.
“The upcoming diamond drilling program at Trafalgar will provide us with valuable information as we look to further define zones of higher-grade mineralisation along the trend,” he said.
Before market open, shares were trading at 12.5 cents each.