Hammer Metals Ltd (ASX:HMX) Announces Drilling Update at Lady Jenny
Drilling Program Overview
Hammer Metals Ltd (ASX: HMX) has completed two phases of drilling at the Lady Jenny Mining Leases. A total of 11 holes were drilled, amounting to 1,343 metres, with the first assay results anticipated in January 2025. Drilling at the Kalman Southeast Target was interrupted due to significant rainfall, limiting completion to just one hole.
Impact of Weather Conditions
Recent heavy rainfall has also affected access to the Tourist Zone South prospect, delaying the commencement of drilling until the wet season concludes. Hammer Metals is prioritising these targets ahead of the 2025 field season as weather conditions permit.
Executive Commentary
Hammer Metals’ Managing Director, Daniel Thomas, expressed satisfaction with the first phases of drilling, stating, “As we await assays to confirm the success of this program, the team is diligently identifying follow-up targets for a program in early 2025.” He noted that the upcoming quarter is expected to be active, with additional drilling scheduled for the Bullrush Joint Venture.
Future Activities and Outlook
The company outlined several upcoming activities for January, including the anticipated assay results from the Lady Jenny and Kalman Southeast drill programs and a continuation of the RC copper/gold drilling within the Mount Isa region. The focus remains on maximising operational achievements and securing data for investor review.
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