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Hammer Metals Ltd.
Summary
| Project: | Mt Frosty JV | |
|---|---|---|
| Deposit: | Jubilee | |
| Location: | Australia | |
| Commodities: | Copper-Gold | |
| Date: | 12/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-12-2018: Hammer Metals Ltd. announces a Resource Estimation report for its Jubilee deposit at the Mt Frosty JV project. Initial mineral resource estimate for Jubilee. H&S Consultants Pty Ltd ("H&SC") was commissioned by Hammer Metals (“Hammer”) to gene | |
| Resources: | (Resource, Inf.): 1.41Mt @ 1.41% Cu, 0.62g/t Au (cut) at Jubilee | |
| CP/QP: | [Resources]: Luke Burlet (H&S Consultants Pty Ltd.) | |
| ABSTRACT: | H&S Consultants Pty Ltd ("H&SC") was commissioned by Hammer Metals (“Hammer”) to generate Mineral Resources for the Jubilee Copper Deposit. The Mineral Resource estimate is reported here in compliance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves Committee (JORC). Therefore, it is suitable for public reporting. The geological and mineralization continuity has been assumed with sufficient confidence to allow the majority of the mineralization to be classified as an Inferred Mineral Resource. The deposit is similar in size and style to other copper-gold deposits in the region that have been successfully mined by small-scale open pit mining techniques which implies that the mineralization may be economically extracted. Hammer has conducted high level economic studies on similar deposits within the Mount Isa region and found positive results. Preliminary metallurgical studies were undertaken by Hammer in 2018 on sulphide drill samples from a total of three diamond drill holes. The studies concluded that saleable copper-gold concentrates should be able to be recovered. | |
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