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Hammer: Up To 46 Percent Copper in Rock Chip at New Zone
Sep. 04, 2018 07:55AM PST
Following completion of the sampling programs an assessment and prioritization of the multiple target zones will be undertaken with drilling anticipated in the next quarter.
Hammer Metals (ASX:HMX) has reported rock sampling results returning high grade copper have extended the mineralized trend at its Perentie project near Mt Isa, Queensland.
According to the release reconnaissance rock chip sampling to the south of Paddy B on the Judith – Paddy B structure has identified another zone of mineraliuzation 1.6 km to the south. Mineralization has now been found on this structure over a distance of more than 3.4 km.
As highlighted in the press release:
- The new occurrence named Susan, appears to be a circular “pipe-like” quartz veined zone (of up to 60 metres diameter) with peripheral veining to the south. The prospect is located at a structural intersection on the margin of the Wimberu Granite. Outcrop is poor but initial sampling at this site has obtained individual grades of up to 46 percent copper and 0.6 grams per tonne (g/t) gold.
- In addition to Susan, a fourth zone has been identified on a separate but parallel structure approximately 2.7 kilometres to the southeast of Paddy B. Sampling along this trend has confirmed that mineralization extends over a 900 metre strike length with marginal redrock altered granite up to 30 metres in thickness. Individual maximum grades of up to 7.47% copper and 4.72g/t gold were obtained from this structure.
- Reconnaissance sampling and mapping of the demagnetized zones will continue with more results expected in coming weeks. Aboriginal heritage clearances and geological mapping at Judith and Paddy B are also underway.
- Hammer is excited with the results to date. Following completion of the sampling programs an assessment and prioritization of the multiple target zones will be undertaken with drilling anticipated in the next quarter.
Click here to read the full Hammer Metals (ASX:HMX) press release.
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