Jan 27, 2021

Additional drilling targets Trafalgar discovery

Additional drilling targets  Trafalgar discovery

Hammer Metals is extending a drilling program at the Mount Isa East JOGMEC joint venture with additional holes to follow up the copper and gold discovery at the Trafalgar prospect.

Significant intercepts from two holes drilled in December included 55m grading at 1.12 per cent copper and 0.30g/t gold and 32m grading at 1.04 per cent copper and 0.25g/t gold.

Taking advantage of rig availability, the additional holes are planned to be drilled from the opposite direction to confirm the width and continuity of mineralisation; whilst an additional hole will be drilled approximately 80m to the north of one of the holes with high-grade intercepts.

Hammer said the additional drilling at Trafalgar would bring the current program to a close in line with the expected wet season in Mount Isa.

The Trafalgar prospect forms part of an extensive copper-gold soil anomaly and magnetic trend which extends 2.7km with little previous exploration.

The company said numerous minor surface workings including small pits and shafts could be observed along this trend.

The current Mount Isa East Joint Venture drilling program recommenced on
January 12, with drilling to be completed at the Shadow, Toby East, Alpha, Charlie and Juliett prospects.

The joint venture plans to return with a follow-up field program in April.

The Trafalgar prospect is part of Hammer’s Mount Isa East Joint Venture where JOGMEC is earning a 60 per cent interest in the joint venture area by spending $6 million on the exploration activities.