Western Australian mining exploration company Hammer Metals say they have struck gold in North West Queensland.
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Hammer told the ASX last week it had found a narrow but high grade intercept of more than one ounce to the tonne gold at its emerging Kalman West prospect.
It is part of the Kalman resource 60km south-east of Mount Isa which boasts around 20 million tonnes at 1.8% copper equivalent.
Hammer Metals told the ASX it had results from a four hole Reverse Circulation (RC) drilling program at its Mount Isa prospects.
They said two RC holes were drilled at the Revenue copper-gold target for 284 metres and two RC holes at the Kalman West target for 240 metres.
“Drilling intercepted a new gold zone at Kalman West in both of the first two holes drilled by Hammer at the prospect,” the company said.
The first hole intercepted one metre at 36.9 g/t gold from a depth of 101 metres and the second intersected one metre at 3.93 g/t gold from just 13 metres down hole.
“At Revenue drilling confirmed the potential for a near surface copper-gold deposit with potential molybdenum and rhenium credits,” they said.
“Hammer is highly encouraged by the results from both programs with further drilling to follow up the gold results at Kalman West a priority.”