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Hammer Metals Ltd.
Summary
| Project: | Millennium | |
|---|---|---|
| Deposit: | Millennium | |
| Location: | Australia | |
| Commodities: | Cobalt-Copper-Gold-Silver-Lead | |
| Date: | 10/14/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-10-2016: Hammer Metals Ltd. announces an Exploration/Drilling Update report for its Millennium deposit at the Millennium project. Drilling results incl. 33m @ 0.16% Co, 0.22% Cu, 0.1g/t Au, 1 g/t Ag from 115m. Hammer Metals Limited (ASX: HMX) wishes to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Whittle (Internal) | |
| ABSTRACT: | Hammer Metals Limited (ASX: HMX) wishes to update shareholders on progress with its 100% owned Millennium and Scalper Projects. Hammer drilled a total of 23 RC holes and extended two previous holes at Millennium. The results build on previous drilling conducted in the area and 38 drill-holes can now be used in the first JORCcompliant mineral resource estimate for the project. Significant results from Millennium are listed below with peak cobalt results including 8 metres at 0.35% Co in MIRC023 and 4 metres at 0.51% Co in MIRC013. Also of interest was a new zone of highly anomalous silver from MIRC019 with 10 metres at 40g/t Ag including 1 metre at 337g/t Ag. Results for holes MIRC001 to MIRC 016 were reported by Hammer on the 13th of September. Hammer Metals Limited acquired the Millennium leases in May 2016. Since that time, Hammer has conducted geological mapping and has recently completed a 23 hole, 3857 metre RC drilling program. Assaying of umpire samples, preliminary metallurgical studies and three-dimensional geological modelling is currently in progress prior to undertaking a maiden mineral resource estimate for the project. Millennium is located close to the regional-scale Pilgrim Fault Zone which also hosts Hammer’s Kalman Copper-Gold-Molybdenum-Rhenium Deposit, 50 kilometres to the south. | |
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