New results have confirmed the potential for a significant copper-gold deposit at the Trafalgar discovery in North-West Queensland, Hammer Metals says.
Hammer Metals extended a drilling program at the Mount Isa East JOGMEC joint venture after two holes drilled in December resulted in significant intercepts.
A hole drilled from the west between the two previous holes returned assay results including 15m at 1.15 per cent copper and 0.35g/t gold, including 2m at 3.17 per cent copper and 1.33g/t gold.
Drilling 80m to the north of the previous holes intersected mineralisation including 10m at 0.59 per cent copper and 0.18g/t gold.
“The limited follow-up program at Trafalgar has been successful with the identification of a new zone of mineralisation as well as an extension of the deposit to the North,” Hammer managing director Daniel Thomas said:
“I am extremely pleased that all four holes drilled at this prospect have all identified significant copper and gold mineralisation, providing the team with quality geological information to plan future work programs at the prospect.”
Extensive historical workings
Mr Thomas said an on-ground review of soil anomalies to the north had highlighted the extensive reach of historical copper oxide workings.
This was extremely encouraging for the potential of a broad-scale copper and gold mineral system.
“Pleasingly additional targets along trend to the south have been identified which do not have an obvious soil geochemical response,” he said.
The joint venture had completed the current drilling program and would review the results to develop a systematic plan to explore the size and grade potential of the Trafalgar deposit, he said.
Results are pending from drilling at the Shadow, Toby East, Alpha,
Charlie and Juliett prospects.
This drilling program completes the second-year program for the
Under the terms of the joint venture, Japan Oil, Gas and Metals National Corporation is required to spend at least $1 million in exploration expenditure in the third year of the program.