Hammer Metals (ASX:HMX) Announces Significant Drill Results at Lady Jenny
Significant Mineralisation Intercepts
Hammer Metals intersected significant copper and gold mineralisation in all drill holes at Lady Jenny, confirming a strike extent of approximately 180 meters. Highlights include 32 meters at 1.05% Cu and 0.22 g/t Au in HMLJRC005, and 26 meters at 0.67% Cu and 0.34 g/t Au in HMLJRC008. Additionally, a 15-meter intercept at 1.10% Cu and 0.11 g/t Au was recorded in HMLJRC003.
Future Drilling Programs
Drilling at Hammer’s Bullrush JV IOCG prospect is set to commence early next week with a reverse circulation program. Hammer’s 100%-owned prospects at Tourist Zone South and Revenue will begin drilling in late March. Further exploration includes upcoming soil surveys and a diamond drilling program targeting additional copper-gold zones.
Executive Comments
Managing Director Daniel Thomas stated, “Hammer’s program has successfully confirmed the extent of the presence of copper sulphides beneath the historical oxide workings at Lady Jenny. Several other exploration targets at the property are emerging and the team will assess geophysical methods to aid targeting for future drilling programs. The team’s attention now turns to our Bullrush IOCG drilling program, which we expect to commence next week. It is shaping up to be a busy start for 2025, with drilling programs also scheduled for Hammer’s 100%-owned project areas. We’re looking forward to the end of the wet season to allow us to finally test Tourist Zone South plus an exciting new VTEM target at Revenue near Mt Hope.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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