Jan 20, 2021

Hammer hails Trafalgar copper-gold discovery

Hammer hails Trafalgar  copper-gold discovery

Hammer Metals has reported broad copper and gold intercepts confirming a new discovery at the previously undrilled Trafalgar prospect within its Mount Isa East Joint Venture tenements.

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.

The two holes for 368m were drilled on lines approximately 140m apart as an initial test of the width and tenor of the prospect.

Example of sulphide mineralisation encountered in drilling at Trafalgar.

“These results are a fantastic start to the second drilling program for our Mount Isa East JOGMEC Joint Venture,” Hammer managing director Daniel Thomas said.

“To intercept a broad zone of significant sulphide mineralisation containing both gold and copper with two wide spaced holes is extremely encouraging.

“Whilst the oxide mineralisation at this prospect has been previously
exploited by previous small-scale miners, there are no records or evidence of this system ever having been drill tested.

“Significantly the association of copper and gold with magnetite and rare earth mineralisation is a feature of number of prominent large scale IOCG deposits.

“Hammer is looking forward to working with our joint venture partner to further explore this prospect and the broader Trafalgar trend which is part of a very large soil anomaly which stretches for 2.7km.”

The drilling program recommenced on the Mount Isa East Joint Venture
project on January 12 with planned drilling at the Shadow, Toby East, Alpha, Charlie and Juliett prospects