Hammer Metals Ltd (ASX:HMX) has elected to fast-track follow-up drilling at its recent Trafalgar gold discovery within the Mount Isa East JOGMEC Joint Venture in Queensland.
To take advantage of rig availability, the Joint Venture has approved an extension to the current drilling programme with additional holes to follow up the copper and gold discovery at the Trafalgar prospect in Hammer’s Mount Isa East Joint Venture announced earlier this month.
Significant intercepts included:
- 55m at 1.12% Cu and 0.30g/t Au from 119m including 16m at 1.77% Cu and 0.49g/t Au from 149m in HMTRRC001; and
- 32m at 1.04% Cu and 0.25g/t Au from 64m including 6m at 2.38% Cu and 1.45g/t Au from 91m in HMTRRC002.
Managing Director, Daniel Thomas, said the additional holes are planned to be drilled from the opposite direction to confirm the width and continuity of mineralisation; whilst an additional hole will be drilled approximately 80m to the north of HMTRRC001. The additional drilling at Trafalgar will bring the current program to a close in line with the expected wet season in Mount Isa.
The Trafalgar prospect forms part of an extensive copper-gold soil anomaly and magnetic trend which extends 2.7km with little previous exploration. Numerous minor surface workings including small pits and shafts are observed along this trend.
The current Mount Isa East Joint Venture drilling programme recommenced on January 12, 2021 with drilling to be completed at the Shadow, Toby East, Alpha, Charlie and Juliett prospects.
Post the completion of this drilling programme, the Joint Venture will interpret the results and plan to return with a follow up field program in April. The Trafalgar prospect is part of Hammer’s Mount Isa East Joint Venture where JOGMEC is earning a 60% interest in the joint venture area by expending $6million in funding on the exploration activities.