Hammer Metals Ltd (ASX: HMX) has had early success with its first Reverse Circulation (RC) drill-hole completed at the South Hope prospect in Queensland intersecting a broad zone of copper-bearing sulphides.
South Hope is located ~650m south of the Carnaby Resources Limited’s Mount Hope prospect, intersecting a broad zone of copper-bearing sulphides.
Hammer’s drilling in the Mount Hope region is part of its extensive copper-gold portfolio in the Mount Isa district of NW Queensland.
Significant portable XRF intercepts include 25m at 1.92% Cu from 74m in HMHSRC001 including 2m at 4.44% Cu from 79m with a maximum individual 1m pXRF analysis of 5.04% Cu.
Hole HMHSRC001 is the company’s first drill-hole in a multi-pronged program that has been designed to test several targets on Hammer’s Mount Hope Exploration Licence, in addition to nearby targets at Mascotte.
During routine drill logging, all drilled intervals are subject to portable XRF analysis to assist in grade determination and litho-chemical analysis. The portable XRF results reported in this announcement should be considered preliminary, and they will be subject to confirmation by subsequent laboratory analysis using fire assay for gold and ICP-MS/ICP-OES for multiple elements. Samples have been submitted for priority laboratory analysis.
Observations from the drilling noted that the mineralised interval is composed of a quartz (+ chalcopyrite) vein within an amphibolite host. Significant portable XRF intercepts included:
• 25m at 1.92% Cu from 74m‡ in HMHSRC001 including 2m at 4.44% Cu from 79m with a maximum individual 1m pXRF analysis of 5.04% Cu
HMHSRC001 will be subject to DHEM in the near future to assist with targeting follow-up drilling. The nature and tenor of the mineralisation encountered in HMHSRC001 is conducive to this type of geophysical survey.
“This is a fantastic start to our initial drilling program in the Mount Hope region. This is the first recorded drill- hole at South Hope and the interim XRF analysis confirms the nature of the historical workings and provides an indication of the significant copper potential at this prospect,” Managing Director, Daniel Thomas said.
“Recent exploration success at the various Mount Hope prospects located nearby upgrades the potential of our targets and we eagerly await follow-up drilling at South Hope in addition to various other promising prospects within our 100%-owned Exploration Licence.”
Next Steps
Drilling is continuing at multiple prospects in the Mt Hope region. Follow-up drilling at South Hope has been prioritised in addition to the completion of a DHEM survey.
Mount Isa – Ongoing Exploration Activities
Drilling is also ongoing in the northern region of Hammer’s Mount Isa Project. Drilling is currently underway at Lord Nelson, to be followed by extensional drilling at the Kalman Cu-Au-Mo-Re Deposit.
Follow-up drilling at Ajax and Ajax East may be undertaken at the end of the current programme.
For further information please visit: https://hammermetals.com.au/
