- Hammer Metals (HMX) has completed a 20-hole reverse circulation (RC) drilling at Target 1 on the North Orelia trend
- Drilling was aimed at testing gold mineralisation that has been defined over a two-kilometre trend
- Samples have been collected for analysis and assays are pending
- Hammer Metals will also drill two holes at Target 4 to test for aircore anomalies
- Lastly, the company plans to begin drilling at the Ken’s Bore and Bronzewing South targets in the next few weeks
- Company shares are trading flat at 4 cents in early afternoon trade
Hammer Metals (HMX) has completed a 20-hole reverse circulation (RC) drilling at Target 1 on the North Orelia trend.
A total of 2111 metres of drilling has been conducted at Target 1 since the start of October.
The company has previously defined a two-kilometre trend of gold mineralisation at Target 1 from three aircore drilling programs.
Every drilling program completed at the target area has extended mineralisation and provided multiple compelling drill targets, the latest program’s aim has been to test the fresh rock for more gold mineralisation.
Hammer has recently submitted the drilling samples for analysis.
Following a detailed review of aircore drilling results from Target 4, Hammer has decided to drill two holes to test previous aircore anomalies. The holes will be drilled along the recently identified trends that extend from the Cockburn and Lotus gold deposits at the Orelia Gold Project.
“The team have diligently planned a high-quality program to test three high quality targets over the coming six weeks. An additional target added to the program will test the prospective stratigraphy that Hammer has identified extending from the Orelia gold deposits,” Managing Director Daniel Thomas said.
Additionally, Hammer Metals will begin RC drilling at the Ken’s Bore target in the next few weeks. It will also commence a two-hole diamond drilling program at the Bronzewing South target area focusing on gravity low targets.
Company shares are trading flat at four cents in early afternoon trade.