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Hammer Metals Ltd.
Summary
| Project: | Millennium | |
|---|---|---|
| Deposit: | Millennium | |
| Location: | Australia | |
| Commodities: | Cobalt-Copper-Gold | |
| Date: | 6/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-6-2018: Hammer Metals Ltd. announces an Exploration/Drilling Update report for its Millennium deposit at the Millennium project. Drilling results incl. 84m @ 0.07g/t Au, 0.3g/t Ag, 403ppm Co, 1539ppm Cu from 31m. Hammer Metals Limited (Hammer) and its j | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Whittle (Internal) | |
| ABSTRACT: | Hammer Metals Limited (Hammer) and its 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. Assays from MIDD001 to MIDD006 have now been received. Results from holes MIDD001 and MIDD002 were reported to the ASX on April 20th, 2018. The drilling program was designed to test the up-dip continuity at the northern end of the Millennium deposit. Drilling results generally agree with the previous deeper drilling with the further delineation of wide zones of cobalt and copper mineralisation. Detailed logging of the drill core has permitted an enhanced understanding of the nature of the mineralisation and the geology of the deposit. All mineralisation intercepted in the program to date is un-oxidised primary sulphides, indicating a thin zone of oxidation to 10-15 metres depth. Metallurgical studies in the form of sighter flotation test work of the sulphide mineralisation is also planned to begin in the near future. The Mineral Resource estimate will also be updated. The Millennium cobalt-copper-gold project is a joint venture with TSX listed Global Energy Metals Corporation. Hammer operates the joint venture. The project is located to the northwest of Cloncurry less than 20 kilometres from the Rocklands Cu-Co-Au deposit | |
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