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- Hammer Metals’ (HMX) latest drilling campaign has uncovered exciting gold results across WA’s Yandal gold belt
- At its Bronzewing South gold project, Hammer identified several areas of interest, including the Orelia, Ken’s Bore, and Bronzewing targets
- To develop these properties, a reverse circulation (RC) drilling began and has since uncovered encouraging gold grades
- One notable result covers eight metres at 4.2 grams per tonne from 20 metres, including one metre at 27.1 grams per tonne from 26 metres at North Ophelia
- Looking ahead, the company aims to complete its RC program and conduct a diamond drilling program at Bronzewing South
- It hopes to complete both programs by the end of November and receive assay results the following month
- On the back of today’s results, Hammer shares jumped 6.82 per cent, trading for 4.7 cents each
Hammer Metals’ (HMX) latest drilling campaign has uncovered exciting gold results across WA’s Yandal gold belt.
Currently, the company is exploring the Bronzewing South gold project, which is situated near Wiluna in rural Western Australia.
At the project, Hammer has identified several areas of interest, including the Orelia, Ken’s Bore, and Bronzewing targets.
To develop these properties, the company kickstarted reverse circulation (RC) drilling and has since uncovered encouraging gold grades. One notable result covers eight metres at 4.2 grams per tonne from 20 metres, including one metre at 27.1 grams per tonne from 26 metres at North Ophelia.
To date, Hammer has completed nearly 3000 metres of drilling over 26 holes at its North Orelia and Bronzewing South targets.
Looking ahead, the materials stock will continue the RC campaign to follow up on the early results. And in the short term, Hammer will complete two extra holes at North Ophelia and two at the Ken’s Bore property.
Meanwhile, a diamond drilling program has begun at Bronzewing South, focussed on two low-gravity targets. All up, both programs should complete by the end of November, while results should come through the following month.
Commenting on the findings, Hammer Managing Director Daniel Thomas said the early-stage results were a promising sign of what’s to come.
“The first batch of gold assays from the RC drilling at North Orelia have shown some impressive grades over relatively narrow widths. With drill spacing still relatively sparse and with open gold intercepts, we have added two additional holes to the program to test extensions of this higher-grade section of the two kilometres of gold mineralisation trend,” the MD said.
Further interpretation of the results, underlying geology and detailed geochemistry will be required to determine next steps for this target,” he continued.
On the back of today’s results, Hammer shares jumped 6.82 per cent, trading for 4.7 cents each at 1:38 pm AEDT.
