- Hammer Metals (HMX) has released initial results from drilling conducted at Trafalgar, Shadow and Even Steven South prospects within the Mt Isa East Joint Venture
- The drilling was conducted in December 2020 with 868 metres of drilling completed before the Christmas break, including two holes at Trafalgar, and one hole each at Shadow and Even Steven
- Best results include 32 metres at 1.04 per cent copper and 0.25g/t gold from 64 metres, with a maximum individual of 3.22g/t gold and 7.58 per cent copper
- The Trafalgar prospect forms part of an extensive copper-gold soil anomaly, which stretches for 2.7 kilometres and has little previous exploration
- Meanwhile, the results from this drilling will be reviewed by the Joint Venture, with further evaluation expected ahead of the next phase of exploration
- Additionally, drilling resumed at Mt Isa on January 12 and is currently ongoing with drilling planned for the Alpha, Charlie, Juliett, Shadow and Toby East prospects
- Hammer Metals is up 30.3 per cent, trading at 4.3 cents
Hammer Metals (HMX) has released initial results from drilling conducted at Trafalgar, Shadow and Even Steven South prospects within the Mt Isa East Joint Venture.
The active mineral explorer has a focus on discovered large copper-gold deposits, holding a tenement position covering approximately 2200 square kilometres within the Mount Isa mining district.
The Trafalgar prospect forms part of an extensive copper-gold soil anomaly, which stretches for 2.7 kilometres and has been subject to very little previous exploration.
These latest results come for drilling conducted in December 2020 with 868 metres of drilling completed before the Christmas break: two holes at Trafalgar, and one hole each at Shadow and Even Steven.
Two holes for 368 metres were drilled on lines around 140 metres apart as part of an initial test of the width and tenor of the prospect, with both intersecting copper mineralisation with a significant gold credit.
Best results include 32 metres at 1.04 per cent copper and 0.25g/t gold from 64 metres, with a maximum individual of 3.22g/t gold and 7.58 per cent copper.
The copper mineralisation at Trafalgar is predominantly chalcopyrite and has a peripheral magnetite alteration halo with a central pyrrhotite component.
Meanwhile, the results of this drilling will be reviewed by the Joint Venture, Hammer’s subsidiaries, with further evaluation expected ahead of the next phase of exploration.
Drilling at the wider Mt Isa Project resumed on January 12 and is currently ongoing with drilling planned for the Alpha, Charlie, Juliett, Shadow and Toby East prospects.
Hammer Metals is up 30.3 per cent, trading at 4.3 cents at 10:40 am AEDT.