Hammer Metals reported the new copper discovery at its Scalper Prospect from its recent drilling program.

The company’s 100 per cent owned assets in the area include the Overlander North, Kalman and Scalper prospects located near Mount Isa. Hammer executive director Alex Hewlett said the results further demonstrated the extensive mineralisation and prospectivity of the Overlander, Andy’s Hill and Scalper corridor.

“In addition, the recent drilling at Kalman has the potential to increase the size of the near-surface resources in the Kalman resource model which will improve the economics of any open pit mining scenario,” he said.

The drilling program was designed to follow up the outstanding results from the previous program at Overlander North and Kalman and to provide an initial test of the Scalper Prospect, a strong magnetic target located 6 kilometres along strike to the south of the Andy’s Hill IOCG Prospect. The company said drill holes at the Scalper prospect found strongly altered calcareous sediments with abundant magnetite and a broad zone of copper anomalism containing a central high grade interval of copper-gold-silver mineralisation.

“The results of this initial hole are considered encouraging.’’