PriceSensitive

Hammer Metals finds gold in El Questro, QLD

Mining
ASX:HMX      MCAP $40.77M
23 July 2019 00:12 (AEST)

Image Sourced ShutterStock

Hammer Metals has announced potential gold findings in El Questro Prospect in Queensland.

The findings found from the previous 99.4 grams includes results of up to 49.9g/t, 8.27g/t, 7.24g/t and 6.64g/t.

The rock chip sampling was taken from the iron-rich quartz veining north of El Questro in the Mt Isa mining district.

Check sampling at El Questro North located 1.1km north along strike returned individual peak grades of up to 7.24h/t gold and 19.7 per cent copper.

The gold-copper potential of the El Questro area is only now being realised and exploration by Hammer in the coming months.

Hammer is an Australian mineral explorer company. It holds a 3000km2 within the Mount Isa mining district.

The company’s Mt Philip Breccia Project in Mt Isa is continuing with an additional sampling of the mineralised outcrops reported from the Mt Philp East and Pelican Waterhole regions of the Breccia complex.

Hammers West Australian Project, Bronzewing South, induced polarisation survey results are expected to be released soon.

Chairman, Russell Davis is happy with the find and is excited for the remainder of 2019.

“With the IP survey well underway at the Bronzewing South Gold Project and drilling planned there for August on top of the promising results from prospecting activity at the Mt Isa Project,” he said

“We are anticipating an exciting period coming up for the company for the remainder of the 2019 season,” he added.

Related News