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: | 6/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-6-2018: Hammer Metals Ltd. announces an Exploration/Drilling Update report for its Millennium deposit at the Millennium project. JV-Drilling results incl. 41m @ 0.18% Co, 0.23% Cu, 0.11g/t Au from 14m. Hammer Metals Limited (Hammer) and joint venture p | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Whittle (Internal) | |
| ABSTRACT: | Hammer Metals Limited (Hammer) and joint venture partner TSX listed Global Energy Metals Corporation (GEMC) have recently completed a 10-hole, 1141-metre diamond drilling program (MIDD001 – MIDD010), at the Millennium Co-Cu-Au project near Cloncurry in northwest Queensland. Under an agreement signed in May 2017 GEMC can earn up to a 75% interest by spending up to CAD2.5 million on exploration over 36 months. Hammer will operate the joint venture until GEMC has earned a 65% interest. Assays from MIDD007 to MIDD010 have now been received. Results from holes MIDD001-MIDD003 and MIDD004-MIDD006 were reported to the ASX on April 20th and June 6th, 2018 respectively. The drilling program was designed to test the near surface portion of the Millennium deposit and to provide samples for metallurgical test work. Encouragingly one of the best cobalt intersections from the project to date was intersected in the upper part of the deposit. Refer to the attached table of results and drill hole plans and sections. Following a review of the results of the program additional drilling on the generally higher grade southern portion of the resource will be planned. The project is located to the northwest of Cloncurry less than 20 kilometres from the Rocklands Cu-CoAu deposit. | |
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