Hammer's Mt Isa Cu deposits

Hammer Metals strikes IP anomalies at Mount Hope prospect in the Mount Isa copper district, Queensland

Hammer Metals (ASX:HMX) has identified Induced Polarisation (IP) anomalies at Mount Hope and the successful delineation of drill ready targets at the South Hope prospect in the Mount Isa copper district in Queensland.

Hammer’s Mount Hope prospects are located within EPM26777 and are along trend from Carnaby Resources’ (ASX:CNB) Nil Desperandum and Lady Fanny prospects and within Carnaby’s interpreted “IOCG structural corridor”.

A recent IP survey completed by Carnaby required IP data to be gathered from within Hammer’s exploration tenement.

Hammer’s tenure on the Mount Hope trend extends over an area about 5.5km long by 1.7km wide and encompasses the former workings at Mount Hope South and South Hope.

Rock chip sampling has returned assays of up to 6.2% copper and 0.2% molybdenum, while the South Hope prospect has been upgraded, with detailed field mapping identifying suitable drilling targets to be included in upcoming campaign.

Face sampling within the South Hope pit has returned an average grade of 1.7% copper over 20.3m.

Addressing the results, Hammer Metals Managing Director Daniel Thomas said: “Hammer’s work programs in the southern half of our tenement holding have been progressively ramping up, generating some strong anomalies within the highly prospective Mount Hope area, where Hammer holds a significant landholding along the prospective trend.

“Hammer’s work programs in the southern half of our tenement holding have been progressively ramping up”

Whilst Hammer is currently focusing the bulk of our exploration efforts at Ajax East and Kalman, we’re now also considering an initial drill test of the South Hope target alongside further analysis of the IP results, their potential relationship with copper mineralisation and the surrounding geology.

Hammer has an IP crew on site and will consider additional IP surveys across our Mount Hope prospects to further refine key targets.”

The data relating to Hammer’s tenure has been received from Carnaby and processed by Hammer’s geophysical consultants. The processed data indicates that there is a broad elevated chargeable zone, with responses above 22mv/V, within Hammer’s tenement.

These zones remain open and within this anomalous envelope there are three isolated zones with chargeabilities above 30mv/V.

Hammer Metals holds a strategic tenement position covering approximately 2,600km-square within the Mount Isa mining district, with 100% interests in the Kalman (Cu-Au-Mo-Re) deposit, the Overlander North and Overlander South (Cu-Co) deposits and the Elaine (Cu Au) deposit.

The company also has a 51% interest in the Jubilee (Cu-Au) deposit. Hammer is an active mineral explorer, focused on discovering large copper-gold deposits of Ernest Henry style and has a range of prospective targets at various stages of testing.

Hammer holds a 100% interest in the Bronzewing South Gold Project located adjacent to the 2.3Moz Bronzewing gold deposit in the highly endowed Yandal Belt of Western Australia.

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Written By Adam Orlando
Mining.com.au Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.