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Hammer Metals Ltd.
Summary
| Project: | Kalman | |
|---|---|---|
| Deposit: | Kalman | |
| Location: | Australia | |
| Commodities: | Copper-Molybdenum-Gold-Silver-Rhenium | |
| Date: | 9/27/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-9-2016: Hammer Metals Ltd. announces a Resource Estimation report for its Kalman deposit at the Kalman project. Updated mineral resource estimate for Kalman. Hammer Metals Limited (Hammer) (ASX: HMX) is pleased to advise that Haren Consulting has compl | |
| Resources: | (Resource, I+I): 20Mt @ 0.61% Cu, 0.14% Mo, 0.34ppm Au, 1.9ppm Ag, 3.7ppm Re (1.8% CuEq.) | |
| CP/QP: | [Resources]: Elizabeth Haren (Haren Consulting Pty Ltd.) | |
| ABSTRACT: | Hammer Metals Limited (Hammer) (ASX: HMX) is pleased to advise that Haren Consulting has completed an updated Mineral Resource Estimate for the Kalman Deposit in accordance with the guidelines of the JORC Code (2012 Edition). The update was completed in order to incorporate a series of 8 holes (K131-K132 and K134-K139) drilled by Hammer in 2014 into the resource model. The drill holes intersected a number of relatively shallow high grade molybdenum and copper intersections which were considered to have the potential to enhance the existing mineral resource model. The 100%-owned Kalman polymetallic deposit is situated 60 kilometres to the southeast of the mining centre of Mount Isa in North West Queensland. Hammer holds a strategic tenement position covering approximately 2,600km2 within the Mount Isa region and surrounding Kalman. Hammer’s recently drilled Overlander North and Overlander South copper deposits are situated 6km west of Kalman. Alexander Hewlett, CEO of Hammer Metals said that: “This updated resource estimate lays the foundations for further resource definition drilling and mining studies into Kalman and we consider there to be potential for Kalman to become a significant producer of copper and molybdenum concentrates with gold and rhenium credits. Our early exploration success at Overlander North provides additional confirmation of the project’s exploration potential.” “Kalman also has the advantage of being located in an established mining district. The extensive geological, environmental and metallurgical studies already completed on Kalman will assist in fasttracking the project towards production.” | |
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