Hammer Metals Ltd (ASX: HMX) has intersected significant high-grade copper mineralization across multiple prospects during its recently completed maiden drilling programme at the Mount Hope and Mascotte group of prospects, located within the highly prospective Mount Hope area in the Mt Isa region of NW Queensland.
At Mt Mascotte, three holes were drilled for 316m with the drilling designed to test the tenor and upside potential of two targets.
The results have revealed the potential for shear zone hosted mineralization at depth at Mt Mascotte. Notably, there is significant elevated cobalt and nickel associated with the copper-gold mineralization.
In the Mount Hope region, a further seven holes for 861m were completed. Assays from the final hole at South Hope have been reported along with three holes at The Stubby (two of which were abandoned after hitting voids) and a single hole at the IP anomaly located at Stubby North.
This drilling is being conducted as part of a larger program covering 10 prospects within the Mount Isa Project area. This programme has recently been completed and assays are pending for drilling conducted at the Kalman Cu-Au-Mo-Re deposit, the Ajax Cu-Au prospect and at the Hardway (Cu-REE) prospect.
“Hammer’s pipeline of high-grade copper-gold targets in the Mt Isa district continues to grow and 2023 is shaping up as a pivotal year for the company,” Managing Director, Daniel Thomas, said.
“Our exciting copper prospects now span a strike length of more than 60km of prospective mineralised trends, with many prospects having very few drill holes testing the extent of these systems.
“With growing mineral inventories across the region and our own extensional drill testing completed recently at the Kalman deposit, the region is shaping as one of Australia’s most exciting copper districts.
“The team is busy preparing our exploration programs for 2023, which will aim to build on the substantial progress achieved this year. The recently identified lithium targets in the Yandal region, located near the world- class Kathleen Valley deposit, will also be tested early in the New Year – adding an exciting new dimension to our 2023 exploration campaign.
“All of these targets have the potential to ‘move the dial’ for Hammer and I look forward to sharing our progress on these prospects over the coming year.”
For further information please visit: https://hammermetals.com.au/
