Hammer Metals Limited (ASX: HMX) has commenced its Phase 2 diamond drilling program at the Bullrush Joint Venture in north-west Queensland, in partnership with Sumitomo Metal Mining Oceania Pty Ltd. The program comprises three diamond holes totalling approximately 1,450 metres and is designed to build on insights gained from the maiden drilling campaign. Two holes will test the margins of magnetic anomalies that coincide with elevated gravity responses, while a third hole will target a discrete gravity high along the edge of the Wimberu Granite. These geophysical features are consistent with sulphide mineralisation previously observed in drill core. The Phase 2 program reflects a refined geological and geophysical model developed following detailed review of earlier drilling results. Drilling is expected to be completed in the first week of December, with laboratory assay results anticipated in early to mid-January, providing further clarity on the scale and potential of the Bullrush IOCG system.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Hammer Metals Launches Phase 2 Diamond Drilling at Bullrush IOCG Target
Hammer Metals Limited (ASX: HMX) has commenced its Phase 2 diamond drilling program at the Bullrush Joint Venture in north-west Queensland, in partnership with Sumitomo Metal Mining Oceania Pty Ltd. The program comprises three diamond holes totalling approximately 1,450 metres and is designed to build on insights gained from the maiden drilling campaign. Two holes will test the margins of magnetic anomalies that coincide with elevated gravity responses, while a third hole will target a discrete gravity high along the edge of the Wimberu Granite. These geophysical features are consistent with sulphide mineralisation previously observed in drill core. The Phase 2 program reflects a refined geological and geophysical model developed following detailed review of earlier drilling results. Drilling is expected to be completed in the first week of December, with laboratory assay results anticipated in early to mid-January, providing further clarity on the scale and potential of the Bullrush IOCG system.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au