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Hammer Metals Ltd.
Summary
| Project: | Millennium | |
|---|---|---|
| Deposit: | Millennium | |
| Location: | Australia | |
| Commodities: | Cobalt-Copper-Gold | |
| Date: | 1/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-1-2018: Hammer Metals Ltd. announces an Exploration/Drilling Update report for its Millennium deposit at the Millennium project. Drilling results incl. 28m @ 0.35% Cu, 0.20% Co, 0.08g/t Au, 0.1g/t Ag from 104m. Hammer Metals Limited (Hammer or the Comp | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Whittle (Internal) | |
| ABSTRACT: | Hammer Metals Limited (Hammer or the Company) (ASX: HMX) is pleased to advise that assays from a 3 hole, 471-metre RC drilling program at the Millennium Co-Cu-Au deposit have been received. The program, completed between the 12th and 16th December 2017 was designed to test gaps in the existing drilling to confirm grade continuity. The program was a success with several significant intersections returned. (Refer to the Table 1 for details.) This is the first program completed under the Millennium Joint Venture with TSX listed, Global Energy Metals Corporation (GEMC). The joint venture parties are keen to accelerate work with a 10-hole, 1300-metre diamond drilling program to commence as soon as possible. The Millennium Joint Venture over granted Mining Leases 2512, 2761, 2762, 7506 and 7507) is located 19 kilometres to the west of the Rocklands Cu-Co mine operated by CuDECO Limited and 30 kilometres northwest of Cloncurry. The Millennium Co-Cu deposit is located adjacent to the Pilgrim Fault zone, which also hosts the Kalman Cu-Au-Mo-Re deposit 50 kilometresto the south. Hammer is managing the exploration activities on behalf of the joint venture. Hammer’s CEO Alex Hewlett commented that: “The joint venture activity with GEMC is off to a great start with the cobalt results from the first program meeting or exceeding our expectations. We are keen to commence the next phase of drilling at Millennium with GEMC and advance this project.” Paul Sarjeant, VP Projects at Global Energy Metals Corp. commented: "These first results confirm strong CoCu rich mineralisation within the JORC resource area and we are particularly excited with the results from MIRC026 which is an undercut of previous mineralisation and shows an approximate 50 m depth extension on that section. | |
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