Hammer Metals (ASX:HMX) - Managing Director, Daniel Thomas
Managing Director, Daniel Thomas
Source: Business News
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  • Hammer Metals (HMX) has commenced an aircore drilling program at its Yandal Project, designed to test soil geochemical anomalies along the northern Orelia trend in WA’s eastern Goldfields region
  • Hammer expects to complete the 10,000-metre program in April with the results due in the second quarter of this year
  • The first trend in line for testing is a significant anomaly, spanning roughly 5.6 metres in length and up to 800 metres in width
  • The second trend, to the east of target three, spans around 1.1 kilometres by 800 metres
  • The AC program is partly funded by the Western Australian Government through the Exploration Incentive Scheme
  • Meanwhile, Hammer has commenced a follow-up gravity survey at its Bronzewing South Gold Project
  • Hammer Metals shares are up 8.05 per cent, trading at 9.4 cents each

Hammer Metals (HMX) has commenced an aircore (AC) drilling program at its Yandal Project, designed to test soil geochemical anomalies along the northern Orelia trend in WA’s eastern Goldfields region.

Hammer expects to complete the 10,000-metre program in April with the results due in the second quarter of this year.

The first trend in line for testing roughly coincides with Hammer’s target three anomaly despite extending along the target’s zone to the north and south.

According to Hammer, the significant anomaly spans roughly 5.6 metres lengthways and up to 800 metres in width at the part-per-billion (ppb) gold contour.

A second trend, located to the east of target three and close to a granite-greenstone contact, stretches around 1.1 kilometres by 800 metres at the ppb gold contour.

To date, no drilling has been done on the anomaly.

Additional discrete targets are planned near target one and east of previous drilling at target four.

Hammer Metals Managing Director Daniel Thomas said the company is looking forward to recommencing field activities in the Yandal region —progressing the anomalous soil sample zones identified during last year’s programs.

“The second quarter is shaping up as a busy period for Hammer with the return to drilling in both the Yandal and Mount Isa regions,” Daniel said.

“A return to drilling in the Mount Isa region is also scheduled for April with a number of excellent targets likely to form the basis of a significant field program in 2021,” the managing director added.

The AC program is partly funded by the Western Australian Government through the Exploration Incentive Scheme.

Gravity survey commenced at Bronzewing South

Meanwhile, Hammer has commenced a follow-up gravity survey at its Bronzewing South Gold Project in WA’s Yandal Belt, with a focus on the trend immediately south of the Bronzewing gold mine.

The survey will aid the explorer’s definition of cross-cutting fault structures on the property while also identifying zones of interpreted quartz and carbonate veining.

Hammer Metals shares are up 8.05 per cent, trading at 9.4 cents at 2:37 pm AEDT.

HMX by the numbers
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