Hammer Metals say they have confirmed "compelling drilling targets" at its Shadow and Toby prospects near Mount Isa with diamond drilling planned for June.
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In its operational update for the ASX on May 12, Hammer said mapping at the Shadow prospect had identified high-grade copper mineralisation while a Ground Electro Magnetic survey at Toby has identified prospective conductive plates which will be used to guide drilling.
These are results from the Phase 1 exploration program of Hammer's joint venture with the Japan Oil, Gas and Metals National Corporation (JOGMEC) and planning of a second phase program including drilling, further grassroots exploration activities and comprehensive data review is underway.
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.
Hammer said compelling initial drilling targets at Shadow and Toby will be tested in Phase 2.
A ground EM survey at the Toby and Charlie prospects identified conductive plates at Toby which provide a compelling target and will assist guiding Phase 2 drilling.
Detailed gravity surveys over portions of the Even Steven, Mount Philp, Dronfield West and Malbon joint venture areas have outlined multiple grassroots targets which will be evaluated during the Phase 2 program.
Hammer also continues to advance its 100% owned projects in Mount Isa with the completion of a MT survey across the Pilgrim and Fountain Range Fault structures, split across two transects. The MT survey was 100% funded by the Queensland Government as part of its CEI program .
Hammer is also preparing to initiate its CEI diamond drilling program at the Koppany copper and Rare Earth Elements prospect as part of its upcoming field activities in Mount Isa.
Hammer's Managing Director, Daniel Thomas said: the first program of the JOGMEC Joint Venture has positioned Hammer for success in 2020 with the definition of a number highly prospective Copper/Gold drill targets.
"Diamond drilling at Shadow will test the depth extent of surface copper-gold mineralisation that has already been observed," Mr Thomas said.
"The upcoming program will also see Hammer embark on significant field work to elevate earlier stage targets that have been identified during this program. These upcoming work programs should ensure a steady stream of results from the Mount Isa projects throughout the remainder of 2020."
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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.
