Mining exploration company Hammer Metals will undertake activities at its Mount Isa copper-gold project early this year as part of its joint venture with the Japan Oil, Gas and Metals National Corporation (JOGMEC).
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The JV covers four areas within the Hammer Metals Mount Isa Project including sections of the Even Steven, Mount Philp Breccia, Dronfield West and Malbon target areas covering 290 sq km of Hammer's 2200 sq km Mount Isa Project.
In its quarterly report to the ASX Hammer said initial exploration at the JV would focus on the collection of high quality geological, geophysical and geochemical datasets.
"The final work program is to be agreed by a joint management committee but is expected to include additional geophysical surveys, detailed mapping and infill geochemistry at the Mt Philp Breccia (including the Shadow prospect), Even Steven, Dronfield and Malbon East targets," Hammer said.
"It is envisaged that the first phase of exploration may also include drilling of the highest-ranking targets within these areas".
Hammer said they expected to conclude the first phase of exploration in the second quarter of 2020.
Hammer also said it would continue to progress exploration its 100%-owned and other Joint Venture properties.
Hammer retains a 100% interest in the existing resources at the Kalman copper-gold deposit, the Overlander copper deposits and the Elaine copper-gold deposit as well as its 51% interest in the Jubilee copper-gold deposit. .
Upcoming Mount Isa Project field work will focus on Hammer's prospects at Koppany, Kalman, and the Alice-Kings gold trend.
The company told the ASX it would continue to purse joint ventures and strategic partnerships for sections of the Mount Isa Project.
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Derek Barry
Editor of the North West Star Mount Isa since January 2016. Prior to that, an editor at several regional southern Queensland newspapers. Passionate about telling local stories. Comes with a strange accent to due an Irish accident of birth.
Editor of the North West Star Mount Isa since January 2016. Prior to that, an editor at several regional southern Queensland newspapers. Passionate about telling local stories. Comes with a strange accent to due an Irish accident of birth.
