HMX 1.41% 3.5¢ hammer metals limited

A typical "life is a box of chocolates" exploration announcement...

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    A typical "life is a box of chocolates" exploration announcement here, a mixture of good and bad results.

    Positives
    • Tourist zone results are OK and seem to imply that previous explorers hadn't closed off a southerly plunge so its good news there well done.
    • Bulonga never drilled by any explorers before (mind boggling I know), and the first two HMX holes hit something decent, so this is encouraging
    • More assays from drilling at Mt Mascotte and Mt Hope are on the way (samples in the lab)

    Negatives
    • Still stuffing around with EM targets around Kalman North, and finding graphite, so a poor use of drill resources.
    • Overlander results too big and low grade to be mineable, stop wasting time here unless they can find something much higher grade because all they are doing is proving up a bajillion tonnes of road base at the moment, waste of drill resources.
    • Pommern downgraded by first HMX drilling but thats fine, drill the target and move on if nothing compelling (really is a netural and life as per normal for all exploration companies)
    Last edited by eastwest101: 30/11/23
 
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