Hammer Metals is carrying out a 2200m reverse circulation drilling program in the Mount Isa region from this week for the JOGMEC joint venture.
Ten holes are planned including follow-up drilling at the Shadow and Toby prospects testing zones of strong magnetic and electromagnetic anomalism.
Initial drilling is planned at previously untested zones at Even Steven South,
Trafalgar, Charlie, Alpha and Juliette.
“Hammer’s extensive programs in Mount Isa have continued to deliver high quality geological information to aid our targeting for the upcoming drilling program,” Managing Director, Daniel Thomas said.
“The result of the JV’s diligent detailed geological information gathering over the first year of the joint venture has helped to delineate an initial seven high quality copper/gold targets along the highly prospective Fountain Range and Pilgrim fault zones.
“We are pleased to be returning to the Shadow prospect where our drilling earlier this year outlined broad zones of copper and gold mineralisation.
“This program will close out what has been a significant six-month period for Hammer, whereby we have tested over 10 separate targets across our properties.
“The sustained level of exploring high-quality targets in two of
the world’s great mineral provinces provides our shareholders with a steady stream of exploration news and potential economic discoveries.”
Hammer’s recently completed soil survey on its exploration properties surrounding the historic high-grade Tick Hill gold deposit has identified a number of discrete gold geochemical anomalies.
The company said a follow-up field program to further examine these prospects was expected early in 2021 to identify drill-ready