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Hammer Metals Ltd.
Summary
| Project: | Mt Frosty JV | |
|---|---|---|
| Deposit: | Jubilee | |
| Location: | Australia | |
| Commodities: | Copper-Gold | |
| Date: | 8/27/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-8-2018: Hammer Metals Ltd. announces an Exploration/Drilling Update report for its Jubilee deposit at the Mt Frosty JV project. Drilling results incl. 14m @ 5.93g/t Au, 2.19% Cu from 66m. The Mt Frosty Joint Venture between MIM, a Glencore subsidiary ( | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Whittle (Internal) | |
| ABSTRACT: | The Mt Frosty Joint Venture between MIM, a Glencore subsidiary (49%), and Hammer Metals Limited (51%) covers EPM14467, located in the Mary Kathleen area of northwest Queensland. Hammer Metals is midway through the Stage 2 joint venture program which aims to characterise and extend the copper-gold mineralisation at Jubilee and generate targets elsewhere within EPM14467. The diamond drilling was conducted in order to provide samples for preliminary metallurgical work on the Jubilee sulphide mineralisation. This metallurgical study will determine first pass comminution parameters in addition to copper, gold and cobalt recovery. The work will be conducted by ALS in South Australia and it is expected results will be available in 5 to 7 weeks. The three-hole program (totalling 216 metres) was conducted by Drill North Pty Ltd utilising a small footprint diamond drill rig. | |
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