Hammer Metals continue to explore at its many North West Queensland copper-gold exploration tenements.
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In its March quarter activities Hammer said first stage ground exploration activities have been completed on the JOGMEC Joint Venture areas within its Mount Isa project.
Detailed gravity surveys across the Even Steven, Mount Philp, Dronfield West and Malbon project areas were completed with interpretation underway.
Hammer says its early activities at the Shadow Prospect continues to highlight the area's prospectivity with visible observations of chalcopyrite in a breccia evident over a strike extent of 350m and maximum width of 100m.
Hammer have also completed a ground electromagnetic survey of the Toby and Charlie prospects and detailed geological mapping of the Shadow and Mt Philp areas.
The company said they will complete and release the final interpretation of these first phase programs in early May.
A follow up exploration program is currently being considered by the Joint Venture with drilling targets firming at the Shadow and Toby prospects .
Hammer's magneto telluric survey of Kalman and the northern portion of the Mt Philp Breccia has been completed, funded by a Queensland Government exploration grant.
The field survey has been completed with final processing and interpretation expected to be completed in early May .
Planning work for Hammer's second grant for exploration drilling at Koppany was completed during the quarter.
Commencement of the drilling program will be considered during the second quarter following assessment of COVID-19 impacts while they continue to pursue joint ventures and strategic partnerships.
The Company raised an additional $1.14m through a Share Purchase Plan completed on 4 February 2020 .
The Mount Isa JOGMEC activities remain fully funded by JOGMEC as part of their Joint Venture Earn-in agreement .
In their 51-49 percent Mt Frosty joint venture with Mount Isa Mines, they are conducting a Koppany Rare Earth Element Investigation.
Hammer has secured a $193,000 grant obtained to 100% fund diamond drilling to test the potential of the Koppany Copper-Rare Earth Element prospect southeast of the Mary Kathleen uranium and rare earth deposit.
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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.
