Hammer Metals Ltd (ASX: HMX) has advised that a programme of reverse circulation (RC) drilling has commenced across three 100%-owned copper-gold targets within the company’s exploration portfolio in the Mount Isa district of NW Queensland.
The ~12-hole, 1,500m programme will test highly prospective targets at Lex, Tourist Zone South, and Mascotte. Drilling is expected to be completed in early May with assay results likely to be received in late May to early June.
Hammer’s managing director, Daniel Thomas, said, “The upcoming programmes provide a solid balance between the fully-funded JV’s and exploration focusing on 100%-owned copper and gold exploration projects. We also look forward to renewed drilling activity at the Yandal Gold Project before the end of this financial year. Targeting is well advanced with upcoming programmes to be announced soon.”
Lex was defined during Hammer’s 2024 VTEM survey at Mascotte and Revenue, with a standout 2,000 Siemens EM conductor delineated by the FLEM survey, coincident with a discrete magnetic feature.
The conductor is located below a layer of thin cover with sparse subcrop. Rock chip sampling from a small historical working located above the conductor recorded assay results of up to 3.1% Cu.
Drilling at the Tourist Zone South will test a robust copper-gold soil anomaly (>1km). The new target is located ~1.5km south of historical drilling at the Tourist Zone which returned an intersection of 30m at 1% Cu in TRC-0192.
Drilling at Mount Mascotte has been designed to extend previous copper and gold intersections both at depth and along strike3, including 53m at 1.55% Cu from 77m in HMMARC008, and 4m at 4.82% Cu and 3.84g/t Au from 104m in HMMARC009.
“Our Mount Isa drilling targets represent an exciting mixture of new and historic targets. Located off a historical copper trend, Lex is a strong EM conductor masked by cover. Mascotte was originally mined in the early 1900’s and remained unexplored until Hammer’s programme in 2023 delivered an intersection of 53m at 1.6% Cu. The target at Tourist Zone South is situated under a more extensive soil anomaly than the previous drilling, which delivered an intersection of 30m at >1% Cu.”
To find out more, please visit www.hammermetals.com.au
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