Russell Davis

Hammer Metals’ ongoing rock chip program has returned some extraordinary high grade results of up to 18.4g/t gold, 76g/t silver and 15.15% copper at the new Toby prospect near Mt Isa, Queensland. Follow-up sampling of and mapping of both the Toby and Charlie prospects is underway with results expected soon. The company will also carry out a sub audio magnetics survey and RC drill program at the Perentie project.

Hammer Metals has purchased two prospective looking exploration permits covering the Sunset and Black Rock copper-gold prospects near Mount Isa in Queensland. The Sunset prospect has returned near-surface historical drill results up to 24 metres grading 1.41% copper and 0.49g/t gold from just 10m down-hole, whilst Black Rock has previously returned wide intersections of lower grade mineralisation, including 78m @ 0.54% copper and 0.13g/t gold from 140m down-hole.

Hammer Metals has achieved encouraging recoveries of up to 95.1% copper and 95.4% cobalt from its first pass metallurgical testing program at the Millennium JV project near Cloncurry in Queensland’s Mt Isa mining district. Testing of the high grade composite sample from the northern quartzite zones also recovered 81.4% of the gold together with the copper concentrate.

Hammer Metals has produced some exceptional copper and gold recoveries from initial metallurgical test work studies on ores from its Jubilee prospect, located in the Mount Isa mining district of north-western Queensland. The company achieved exceptional copper recoveries of 98% and even managed gold recoveries of 80%, essentially as a bonus credit in the final concentrate during mineral flotation test work for Jubilee.

Hammer Metals is set to kick some serious goals at its early-stage Mt Philp breccia iron oxide-copper-gold project near Mount Isa in Queensland, after being awarded $80,000 by the State Government to partially fund exploration activity at the property. The company will use the funds to assay geochemical soil samples and complete geophysical data interpretation and surveys, to generate a 3D model and pinpoint specific drilling targets.

Hammer Metals has generated its maiden mineral resource for the Jubilee deposit near Mount Isa in Queensland, defining 1.4 million tonnes grading 1.41% copper and 0.62g/t gold. The project is of a similar size and mineralisation style to other copper-gold deposits successfully mined by small-scale open pit operations elsewhere in the district, providing the company some confidence that Jubilee may be economically extracted in the future.

Hammer Metals has received some encouraging news at its Perentie project near Mt Isa in Queensland, with its first pass RC drilling campaign returning some high grade copper results. Notable results include 1m @ 4.21% copper and 0.13g/t gold from 75m down-hole at the Paddy B prospect and 2m @ 2.36% copper and 2g/t gold from 37m down-hole at the Trackside prospect.

Hammer Metals is adding another string to its bow with the acquisition of the Bronzewing South gold project in the heart of WA’s gold-rich Yandal greenstone belt. Despite being located along strike from the 4 million ounce Bronzewing mine and the 1 million ounce Orelia deposit, the project remains relatively underexplored due to the transported cover that ranges between 2m and 40m in thickness.

Hammer Metals has delineated a number of prospective looking copper-gold and gold only anomalies from a soil geochemical survey program at its early-stage, Mt Philp breccia iron oxide-copper-gold project, near Mount Isa in Queensland. The company said that it is now field checking the new copper-gold anomalies and that a ground gravity survey is planned to investigate possible blind exploration targets.

Rock chip sampling at Hammer Metals’ Mt Philp IOCG project near Mount Isa, Queensland, has returned up to 16% copper and 2.41g/t gold from the Mt Philp and Rangeview target areas and identified previously unrecognised bedrock mineralisation associated with soil anomalies. Sampling has also identified new prospects at the Kings, Alice and Deadlock areas in the Malbon region.

Hammer Metals’ rock chip sampling at the Malbon region near Mount Isa in northwest Queensland has returned intriguing grades of up to 12.9 grams per tonne gold and 15.8% copper and identified the new Speculation, Pioneer Prince and Alice-Kings trends. The company said that outcrop in the area is sparse and further mapping and sampling would be required to understand the extent and structural controls of mineralisation.

Hammer Metals has generated high-grade gold and copper results from a rock chip sampling program at its Malbon project near Mount Isa, Queensland. The El Questro prospect produced values up to 99.4g/t gold and 5.96% copper in iron-rich quartz veining and requires follow up work. Numerous copper-bearing zones with gold mineralisation were also defined at the Mt Philp Breccia project to the west.

Hammer Metals has completed the sale of its 75% interest in the Millennium cobalt project near Cloncurry, Queensland, to Canadian partner Global Energy Metals Corporation. The company will now focus on its copper-gold projects in the Mount Isa mining district and the Bronzewing South gold project in Western Australia while retaining exposure to the cobalt projects through a 19.9% stake in GEMC.

Hammer Metals’ strategic review of the rare earth element potential of its Mount Isa project in Queensland has delineated two encouraging prospects for follow up work. Light rare earth element prospectivity was highlighted at the Koppany prospect near the historical Mary Kathleen uranium mine and Andy’s Well prospect adjacent to the Kalman project, a further 35 kilometres to the southwest.

Follow-up rock chip sampling by Hammer Metals has delineated gold mineralisation over 1km of strike length at the El Questro prospect within its Malbon project in Queensland’s Mount Isa mining district. Rock chip sampling along strike from the previous 99.4 gram per tonne gold result at the prospect returned top grades of 49.9g/t gold, 8.27g/t gold, 7.24g/t gold and 6.64g/t gold.

Hammer Metals is cashed up to carry out its maiden drilling program at the Bronzewing South gold project in Western Australia next month, after raising more than $1.76m through a placement priced at 2 cents per share. The company is carrying out an induced polarisation survey to refine potential drilling targets identified during the initial field reconnaissance programs.

Hammer Metals is gearing up to kick off its maiden drill program at the Bronzewing South gold project in Western Australia over several targets that are located immediately south and along strike of Echo Resources’ 4 million ounce Bronzewing mine. A recent survey over these targets identified conductive zones that are in most cases spatially associated with areas of higher gold accumulation anomalies in historical drilling.

Hammer Metals has discovered the new Shadow zone of copper-gold mineralisation at the Mt Philp Breccia Complex in Queensland’s Mount Isa mining district with rock chip sampling returning up to 4.64 grams per tonne gold and 27.7% copper. The company plans to carry out further mapping and sampling of the new area, which has been delineated over a 200m strike and is up to 50m wide.

Hammer Metals has received the first assays from drilling at its Bronzewing South gold project in WA where the company appears to be onto a new system. The testing of five targets along mineralised trends south of Echo Resources’ historic Bronzewing mine returned some solid numbers and Hammer now believes that many historical holes were either too shallow to be effective or, if effective, the mineralised intercepts were not adequately followed-up.

Hammer Metals has kicked off a 15,000m aircore drilling campaign at its Bronzewing South gold project in the prolific Yandal gold province in Western Australia. The drill campaign will test four targets across the Orelia trend, located along strike of the historical Cockburn and Lotus pits, currently held by Echo Resources. The Cockburn and Lotus pits have a solid combined resource of 1.1 million ounces of gold.