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Hammer Metals Ltd.

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Summary

Project:

Bronzewing South

Deposit:North Orelia
Location:Australia
Commodities:Gold
Date:12/23/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:23-12-2019: Hammer Metals Ltd. announces an Exploration/Drilling Update report for its North Orelia deposit at the Bronzewing South project. Drilling results incl. 14m @ 1.80g/t Au from 12m. Hammer acquired the Bronzewing South Gold Project in May 2019. H
Resources:x
CP/QP:[Overall Report]: Mark Whittle (Internal)
ABSTRACT:Hammer acquired the Bronzewing South Gold Project in May 2019. Hammer has since completed an IP survey and the first phase of RC drilling at Bronzewing South (refer ASX announcement dated 2 October 2019). The current aircore drilling program along the North Orelia trend is Hammer’s first program targeting three areas based upon historical RAB anomalies (Figure 4). Drilling from the first phase aircore program was conducted on three of the four target areas. After the identification of three mineralised zones at Target 1 (refer ASX announcement dated 19 November 2019), the program was modified to complete additional drilling at this target. Target 4 remains untested and will be considered for aircore drilling in the first quarter of 2020. Drilling at Target 1 has delineated 3 mineralised trends. The previously undiscovered western mineralised trend is associated with the margin of a magnetic ridge – associated with shearing focussed on a contact between felsic and mafic units. The magnetic ridge is visible on regional datasets both to the north and south with scope for Hammer to test these interpreted contact zone areas with limited historical drilling in these positions (Figure 5). Three north-south trends of mineralisation can be observed with the central mineralisation trend extending over a 500m strike length. These results extend the central mineralisation trend further to the south where the zone remains open. The westernmost trend is on the extremity of historical drilling and remains open to both the north and south. One batch of split assays remains to be reported. It is expected that lab analyses will be finalised in January 2020.

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