For thousands of other reports visit RSC's Mineral Intellingence Map
Hammer Metals Ltd.
Summary
| Project: | Millennium | |
|---|---|---|
| Deposit: | Millennium | |
| Location: | Australia | |
| Commodities: | Cobalt-Copper-Gold | |
| Date: | 9/13/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-9-2016: Hammer Metals Ltd. announces an Exploration/Drilling Update report for its Millennium deposit at the Millennium project. Drilling results incl. 24m @ 0.15% Co, 0.23% Cu, 0.09g/t Au from 73m. Hammer Metals Limited (ASX: HMX) wishes to update sha | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Whittle (Internal) | |
| ABSTRACT: | Hammer Metals Limited (ASX: HMX) wishes to update shareholders on progress with its current RC drilling program at the Millennium project following receipt of assays for the first 18 holes (including extensions of two previous holes) of the 25-hole program. These results compliment previous drilling in the area with a total of 38 holes drilled by the end of the program that can be utilized in a mineral resource estimate. The objective of this drilling program is to provide an initial test of the continuity of mineralisation intersected in previous drilling at Millennium. The results are considered sufficiently encouraging to proceed immediately with a resource estimate. Hammer has geologically mapped the Millennium lease area in detail and along with the drillhole information a 3-D geological model is in preparation. When assay results for the additional seven holes (MIRC017 – MIRC023) which have just been completed are received and compiled a mineral resource estimate will be undertaken. Drilling to date has outlined two separate zones of strongly mineralised material at the southern half of the leases. The mineralised zones comprise moderately to steeply west dipping zones of sheared shales and quartzite up to 40 metres in thickness. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report