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Hammer Metals Ltd.
Summary
| Project: | Scalper | |
|---|---|---|
| Deposit: | Scalper | |
| Location: | Australia | |
| Commodities: | Copper-Cobalt-Gold-Silver | |
| 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 Scalper deposit at the Scalper project. Drilling results incl. 23m @ 0.67% Cu, 0.04% Co, 0.21g/t Au, 0.25g/t Ag from 20m. Hammer Metals Limited (ASX: HMX) wishes to upd | |
| 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 Metals has also recently completed a 5-hole (506 metre) reverse circulation drilling program at its Scalper prospect within EPM25486. The aim of the program was to test a combined gravity and magnetic anomaly which exhibited alteration consistent with IOCG mineralisation, and a nearby copper-bearing gossanous zone. This drilling has not yet fully tested the geophysical anomaly or the extents of the gossanous zone to the north. It is anticipated that this area will be investigated further in 2017. Hammer is currently drilling at the Overlander IOCG target (ASX release dated 10th August 2016) within the Hammer - Newmont Farm-in and Joint Venture area. The purpose of this program is to test for a large, bulk-tonnage copper-gold (IOCG) system in the vicinity of the gravity and magnetic anomaly immediately to the west of the current Overlander copper resource. It is anticipated that the first phase of drilling at Overlander will be complete by the end of November. | |
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