Hammer Metals Ltd (ASX:HMX) Commences IOCG Drilling at Bullrush JV
Operational Achievements
Hammer Metals Ltd (ASX:HMX) has initiated a 4-hole, approximately 2,000m diamond drilling program at the Bullrush Joint Venture in the Mt Isa district, North-West Queensland. The drilling targets four IOCG sites identified through recent geophysical surveys, including in-fill gravity and magneto-telluric studies.
Future Outlook
The initial drilling program is part of a minimum work commitment requiring Sumitomo Metal Mining Oceania Pty Ltd (SMMO) to fund 2,000m of drilling by June 2025. Initial results are expected from mid-March, contributing to a busy 2025 for Hammer Metals as they apply findings to other IOCG targets.
Executive Comments
Daniel Thomas, Managing Director, stated, “Hammer is excited to be drill testing four targets in the Bullrush Joint Venture area. These targets have been interpreted from a foundation of strategically targeted, high-quality geophysical surveys. This will be the first drilling program in what is shaping up to be a busy 2025 for Hammer Metals. Knowledge gained from drilling Bullrush will be applied to other IOCG targets held by Hammer in similar geological settings.”
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