Hammer Metals: Jubilee Drilling Intersects High Grade Copper-Gold

Aug. 27, 2018 08:34AM PST

Results of the metallurgical test work are expected in 5 to 7 weeks.

Hammer Metals (ASX:HMX) has announced significant results from a three-hole diamond drilling program, including 5.5 m at 14.5 grams per tonne (g/t) gold and 6.87 percent copper from 74 m within 14 m at 5.93 g/t gold and 2.19 percent copper from 66 m in HJDD003.

Additionally, the results include individual maximum assays over a 1 m interval of 43 g/t of gold and 9.03 percent copper.

As highlighted in the press release:

The program was designed to collect fresh sulfide mineralization for preliminary metallurgical studies.
The assays continue to highlight the significant gold content in the Jubilee deposit.
The jubilee copper-gold prospect is located within the Mt Frosty JV between Hammer Metals (51 percent and operator) and Mount Isa Mines (49 percent).
Results of the metallurgical test work are expected in 5 to 7 weeks.

Click here to read the full Hammer Metals (ASX:HMX) press release.

Scott Tibballs

Scott has a Master's Degree in journalism from the University of Melbourne and reports on the resources industry for INN.

Scott has experience working in regional and small-town newsrooms in Australia. With a background in history and politics, he's interested in international politics and development and how the resources industry plays a role in the future.