Hammer Metals Ltd (HMX) – ASX Release

Drilling Begins at Perentie Copper-Gold Target

  • Hammer Metals Limited is pleased to announce that a first pass 1000m reverse circulation (RC) drilling programme has begun at the new Perentie copper-gold target.

  • The drilling is an initial test of the +5km long Susan - Paddy B - Judith mineralised trend and the +5km Rainbow Ridge - Trackside mineralised trend recently delineated by Hammer.

  • Rock chip grades of up to 31% Cu, 19g/t Au and 240g/t Ag were obtained in rock chip sampling in these areas (Refer to ASX announcements dated August 15th and 22nd, September 3rd and 28th, and October 11th).

  • A Sub Audio Magnetics or “SAM” geophysical survey was completed over parts of the trends to assist with the delineation of the structure of the mineralised trends and drill hole planning.

  • It is expected that the programme will be completed within two weeks (weather permitting) and results to be received by mid-late December.


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