Hammer Metals’ (ASX:HMX) ongoing work has identified several new regional targets with strong potential for additional copper and gold mineralisation within 20 kilometres of the Kalman deposit of its Mount Isa Project in northern Queensland.
Several of these regional targets represent “walk‐up” drill targets, some with existing ore grade copper and gold drill intersections.
Other targets will require more detailed soil and rock chip geochemical sampling to better define the targets before drilling is planned.
A drilling program is expected to re‐commence in August 2014 when the drill hole targeting is finalised.
This will focus on extensional and infill drilling in the near surface potentially open‐pittable sections of the deposit and also to increase confidence levels in the upper levels of the deposit’s higher‐grade core.
Mining studies are underway along with work to define a new Resource estimate at the Overlander deposits.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.
Hammer Metals’ (ASX:HMX) ongoing work has identified several new...
Add to My Watchlist
What is My Watchlist?
