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.

The information contained has been prepared by third parties. No warranty of accuracy or reliability is given in relation to any advice or information contained in this document and no responsibility for any loss or damage whatsoever arising in any way for any representation, act or omission, whether express or implied (including responsibility to any persons by reason of negligence), is given by DJ Carmichael Pty Limited or any officer, agent or employee of DJ Carmichael Pty Limited.