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Hammer Metals Ltd.
Summary
| Project: | Mt Frosty JV | |
|---|---|---|
| Deposit: | Jubilee | |
| Location: | Australia | |
| Commodities: | Copper-Gold | |
| Date: | 12/20/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-12-2017: Hammer Metals Ltd. announces an Exploration/Drilling Update report for its Jubilee deposit at the Mt Frosty JV project. Drilling results incl. 8 @ 4.72% Cu, 2.35g/t Ag from 33m. Hammer Metals Limited (Hammer or the Company) (ASX: HMX) is pleas | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Whittle (Internal) | |
| ABSTRACT: | Hammer Metals Limited (Hammer or the Company) (ASX: HMX) is pleased to advise that 9 RC holes of the phase 1 program have now been drilled at the Jubilee copper-gold target. As reported on December 8th, visible sulphide mineralisation was observed in the majority of holes with the exception of HJRC001 and HJRC004. (Refer to ASX release dated December 8th, 2017). Assay results for HJRC001 – HJRC007 were reported to the ASX on December 18th 2017. The results for HJRC008 and HJRC009 are now available and are reported herein. The observed sulphide mineralisation is quartz vein related, broadly conformable to the dominant foliation (observable in the host rock) and is composed of chalcopyrite (a copper sulphide), pyrite and pyrrhotite (both iron sulphide minerals). Visual observations backed up by portable XRF readings confirmed the sulphide zones were copper-bearing. Hammer CEO Alex Hewlett said, “I am very pleased with the assay results coming out of the Jubilee drill program so far, particularly the significant gold values that accompany the copper mineralisation. The sulphide mineralisation intercepted is also relatively close to surface and is therefore potentially amenable to extraction by open pit mining. The project is also well located, close to the Barkly Highway, midway between Mount Isa and Cloncurry, and is therefore easily accessible.” | |
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