Hammer told the ASX last week they had returned strongly elevated copper and gold in rock chips from initial field reconnaissance of the copper and gold soil anomalies at the Mt Philp Breccia iron oxide copper gold Project

Mt Philp Breccia is located between the Pilgrim and Fountain Range faults south of Fountain Spring, 100km from Cloncurry.

In December the Queensland government gave Hammer a grant of up to $80,000 as part of the Collaborative Exploration Initiative to explore for new minerals.

Now Hammer has told the ASX they began fiield examination of the multiple soil anomalies in March and has already located numerous rock chips with elevated copper and gold values of up to 16% copper and 2.41 g/t gold.

Hammer said their results were highly encouraging having identified previously unrecognised bedrock mineralization associated with the soil anomalies.

Sampling has also identified new prospects at KingsAlice and Deadlock in the Malbon region and the Bulonga Prospect located on the Pindora Fault Zone with further results to come.

Hammer chair Russell Davis said the first pass rock chip sampling following up the copper-gold soil anomalies at Mt Philp Breccia had produced immediate encouragement.

"We look forward to receiving additional results from the ongoing sampling program shortly," Mr Davis said.

Hammer holds a strategic tenement position covering approximately 3000 sq km in the Mount Isa mining district, with 100% interests in the Kalman deposit, the Overlander North and Overlander South deposits and the Elaine (CuAu) deposit. Hammer also has a 75% interest in the Millennium deposit and a 51% interest in the emerging Jubilee deposit.

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