Hammer Metals Ltd (ASX: HMX) ('Hammer' or 'the Company') is pleased to advise that drilling has commenced at the Sword and Harrier prospects within the Company's 100%-owned Yandal Gold Project in Western Australia.
Hammer Managing Director, Daniel Thomas, said: 'We're pleased to return to grassroots exploration targets in one of Australia's most prominent gold production and exploration regions. The prospects at Sword and Harrier are located close to significant gold mines in the district and have been inadequately explored given the significant gold anomalism associated with both of these targets. 'Our pending gold resource at North Orelia, quality exploration targets and a recent peak in gold prices underpin the potential of our Yandal Project and highlight the opportunity to create additional value within Hammer's portfolio of projects. 'Ongoing field work at Hammer's prospects and Joint Ventures in the Mount Isa region is ongoing with significant soil sampling programs in progress and preparations underway for various work programs within Hammer's recently executed Joint Ventures with South32 and Sumitomo Metal Mining Oceania.'v
Sword
The Sword Prospect is located on the eastern side of the Overlord Thrust in an analogous geological setting to the Julius Gold Deposit (owned by Northern Star Resources), located 6km to the north. Sword has been drilled previously by Newmont Gold Corporation and Echo Resources Limited. The previous drilling consisted of vertical wide-spaced holes. Historical shallow air core drilling at Sword encountered intercepts of 4m @ 2.53g/t Au from 92m in ERB0200 and 23m @ 0.47% Ni from 28m in ERB0220 . Hammer will drill test the area through multiple fences of angled hole
Contact:
Daniel Thomas
Managing Director
Tel: +61 8 6369 1195
Email: info@hammermetals.com.au
About Hammer Metals
Hammer Metals Limited (ASX: HMX) holds a strategic tenement position covering approximately 2,800km2 within the Mount Isa mining district, with 100% interests in the Kalman (Cu-Au-Mo-Re) deposit, the Overlander North and Overlander South (Cu-Co) deposits, the Lakeview (Cu-Au) deposit and the Elaine (Cu-Au) deposit. Hammer also has a 51% interest in the Jubilee (Cu-Au) deposit. Hammer is an active mineral explorer, focused on discovering large copper-gold deposits of Ernest Henry style and has a range of prospective targets at various stages of testing. Hammer also holds a 100% interest in the Bronzewing South Gold Project located adjacent to the 2.3 million-ounce Bronzewing gold deposit in the highly endowed Yandal Belt of Western Australia
Competent Person Statement
The information in this report as it relates to exploration results and geology is based on, and fairly represents, information and supporting documentation that was compiled by Mr. Mark Whittle, who is a Fellow of the AusIMM and an employee of the Company. Mr. Whittle, who is a shareholder and option-holder, has sufficient experience which is relevant to the styles of mineralisation and types of deposit under consideration and to the activities which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Whittle consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.
(C) 2024 Electronic News Publishing, source ENP Newswire