News Articles for Hammer Metals

ASX-listed Hammer Metals has announced it will sell a 70 per cent stake in three of its sub-blocks to Carnaby Resources in a package worth up to $20 million.

Our board moves wrap includes James Croser, Ziggy Lubieniecki, Michelle Blandford, Natasha Santi, Elizabeth Brennan, Sam Wright, and Matthew Skinner.

Hammer Metals has nailed down additional strategic tenure in the revered Yandal gold belt of Western Australia. The company has added the Bronzewing North project to its already impressive ground holding in the region and extended its footprint across the world-class terrane to over 260 square kilometres, adding two near-term exploration targets at Sword and Sam Well in the process.

Hammer Metals has returned further encouraging assays from drilling of the Target 1 prospect at its North Orelia gold project in Western Australia's Yandal greenstone belt, which boasts an enviable gold endowment of 24 million ounces. Better intersections from the first 66 holes, or 3,889m, of a planned 8,000m aircore program were 4m grading 5.79 grams per tonne gold from 40m depth and 4m going 4.38g/t gold from 48m.

Nader El Sayed will be resigning as non-executive director of Hammer Metals at the end of the month, having served on the board since June 2013.

ASX-listed Hammer Metals has picked up $150,000 from the West Australian Government's Exploration Incentive Scheme to test a compelling gravity and structural target at its Bronzewing South Gold project, located 50kms northeast of Leinster. The grant will partly fund the drilling of the deeper gravity targets around Bronzewing south, whilst drilling is also set to resume at the shallow North Orelia Target.

Hammer Metals has received results from the first phase of its JOGMEC joint venture exploration program at its Mount Isa Project in Queensland and they have thrown up some pulse quickening numbers from rock chip samples including 6.7 grams per tonne gold and 28.2% copper. The positive results have now triggered the second phase of work.

Hammer Metals has doubled the strike length of its North Orelia gold target with the latest drill results identifying significant areas of shallow gold mineralisation. Recent intercepts from air core holes at the Orelia Target 1 include 4m grading 3.88 grams per tonne gold from 24m, 8m at 1.93g/t gold from 36m, which includes 4m at 2.5g/t from 40m and 7m grading 0.9g/t.

Surveying firm Veris has made a number of changes to its board, including Adam Lamond stepping out as managing director, as it deals with the impacts of the coronavirus pandemic.

Coronavirus willing, Hammer Metals will have the rods turning soon at its Mt Isa project in Queensland after being awarded Government grants amounting to $283,000. The windfall will fund a diamond drilling program at the Koppany copper-rare earths project and two magneto telluric surveys, one at the Kalman copper, molybdenum, gold and rhenium deposit and the second across part of the Mt Philp Breccia that is prospective for gold and copper.

Hammer Metals will have the rods turning and Geophysicists on the ground very soon at its Mt Isa project in Queensland after being awarded Government grants amounting to $283,000. The windfall will fund a diamond drilling program at the Koppany copper-rare earths project and two magneto telluric surveys, one at the Kalman copper, molybdenum, gold and rhenium deposit and the second across part of the Mt Philp Breccia that is prospective for gold and copper.

Hammer Metals has both feet firmly planted across some tier-one mining districts around the country as it kicks off several major exploration programs including geophysical surveys and geological mapping at its Mt Isa IOGC project in Queensland and at its exciting Bronzewing South gold project in Western Australia. Gravity and EM surveys will be run across some of Hammer's Mt Isa JOGMEC JV ground and 12,000m of aircore and RC drilling will test priority targets at Bronzewing.

A summary of the smaller deals from last week, which may not have been included in our daily news coverage.

Hammer Metals has ploughed in 123 first-pass aircore holes at its Bronzewing South gold project and the company appears to have hit on what looks to be something quite interesting. Hammer recently reported composited sample assays from across Target 1 and it has since split the samples down to one-metre intervals. Best numbers include 14 metres at 1.80 g/t gold from 12 metres including 3 metres at 5.57 g/t.

Gold explorer Catalyst Metals has entered a farm-in and joint venture agreement with major shareholder St Barbara to explore its Drummartin project in Victoria.

A giant Japanese resources house has thrown its weight behind ASX-listed Hammer Metals in a $6 million joint venture which seeks to unlock further mineral wealth in Queensland's highly prospective Mt Isa region. JOGMEC is looking to earn 60% of a 290 square kilometre portion of Hammer's 2,200sqkm Mount Isa project, where the targets are massive IOCG ore bodies similar in style to the giant Ernest Henry deposit.

Hammer Metals, has hit the nail on the head with some striking first pass aircore results from Target 1 within the 14km long Orelia trend at its Bronzewing South gold project. Results include 4 meters grading 2.40 grams per tonne gold from 16 metres downhole and point to an emerging discovery for Hammer who has now identified a 500m long gold mineralised trend at Target 1.

Hammer Metals has kicked off a 15,000m aircore drilling campaign at its Bronzewing South gold project in the prolific Yandal gold province in Western Australia. The drill campaign will test four targets across the Orelia trend, located along strike of the historical Cockburn and Lotus pits, currently held by Echo Resources. The Cockburn and Lotus pits have a solid combined resource of 1.1 million ounces of gold.

Hammer Metals has received the first assays from drilling at its Bronzewing South gold project in WA where the company appears to be onto a new system. The testing of five targets along mineralised trends south of Echo Resources' historic Bronzewing mine returned some solid numbers and Hammer now believes that many historical holes were either too shallow to be effective or, if effective, the mineralised intercepts were not adequately followed-up.

Hammer Metals has appointed veteran mining executive, Dan Thomas, as its new Managing Director who brings with him an extensive background in project management, corporate development, business improvement, mergers and acquisitions across multiple resource sectors. Mr Thomas will assist the company to progress its separate mineral discoveries in Queensland's Mount Isa district and WA's prospective Yandal belt.

Our daily board moves wrap includes Bayanjargal Byambasaikhan, Dan Thomas, Nicholas Day, Geoff James, Natalia Streltsova, Katherine Ostin, and Paul Doropoulos.

Hammer Metals has discovered the new Shadow zone of copper-gold mineralisation at the Mt Philp Breccia Complex in Queensland's Mount Isa mining district with rock chip sampling returning up to 4.64 grams per tonne gold and 27.7% copper. The company plans to carry out further mapping and sampling of the new area, which has been delineated over a 200m strike and is up to 50m wide.

Hammer Metals is gearing up to kick off its maiden drill program at the Bronzewing South gold project in Western Australia over several targets that are located immediately south and along strike of Echo Resources' 4 million ounce Bronzewing mine. A recent survey over these targets identified conductive zones that are in most cases spatially associated with areas of higher gold accumulation anomalies in historical drilling.

Hammer Metals is cashed up to carry out its maiden drilling program at the Bronzewing South gold project in Western Australia next month, after raising more than $1.76m through a placement priced at 2 cents per share. The company is carrying out an induced polarisation survey to refine potential drilling targets identified during the initial field reconnaissance programs.

Follow-up rock chip sampling by Hammer Metals has delineated gold mineralisation over 1km of strike length at the El Questro prospect within its Malbon project in Queensland's Mount Isa mining district. Rock chip sampling along strike from the previous 99.4 gram per tonne gold result at the prospect returned top grades of 49.9g/t gold, 8.27g/t gold, 7.24g/t gold and 6.64g/t gold.

Hammer Metals' strategic review of the rare earth element potential of its Mount Isa project in Queensland has delineated two encouraging prospects for follow up work. Light rare earth element prospectivity was highlighted at the Koppany prospect near the historical Mary Kathleen uranium mine and Andy's Well prospect adjacent to the Kalman project, a further 35 kilometres to the southwest.

Hammer Metals has started an induced polarisation survey at its Bronzewing South gold project in Western Australia to refine potential drilling targets that were identified during initial field reconnaissance. First results from the survey are expected in early August. The company has also started the permitting process for the drilling campaign, which is expected to begin later this month.

Hammer Metals has completed the sale of its 75% interest in the Millennium cobalt project near Cloncurry, Queensland, to Canadian partner Global Energy Metals Corporation. The company will now focus on its copper-gold projects in the Mount Isa mining district and the Bronzewing South gold project in Western Australia while retaining exposure to the cobalt projects through a 19.9% stake in GEMC.

Hammer Metals has generated high-grade gold and copper results from a rock chip sampling program at its Malbon project near Mount Isa, Queensland. The El Questro prospect produced values up to 99.4g/t gold and 5.96% copper in iron-rich quartz veining and requires follow up work. Numerous copper-bearing zones with gold mineralisation were also defined at the Mt Philp Breccia project to the west.

Hammer Metals' rock chip sampling at the Malbon region near Mount Isa in northwest Queensland has returned intriguing grades of up to 12.9 grams per tonne gold and 15.8% copper and identified the new Speculation, Pioneer Prince and Alice-Kings trends. The company said that outcrop in the area is sparse and further mapping and sampling would be required to understand the extent and structural controls of mineralisation.

Rock chip sampling at Hammer Metals' Mt Philp IOCG project near Mount Isa, Queensland, has returned up to 16% copper and 2.41g/t gold from the Mt Philp and Rangeview target areas and identified previously unrecognised bedrock mineralisation associated with soil anomalies. Sampling has also identified new prospects at the Kings, Alice and Deadlock areas in the Malbon region.

Hammer Metals has delineated a number of prospective looking copper-gold and gold only anomalies from a soil geochemical survey program at its early-stage, Mt Philp breccia iron oxide-copper-gold project, near Mount Isa in Queensland. The company said that it is now field checking the new copper-gold anomalies and that a ground gravity survey is planned to investigate possible blind exploration targets.

Hammer Metals is adding another string to its bow with the acquisition of the Bronzewing South gold project in the heart of WA's gold-rich Yandal greenstone belt. Despite being located along strike from the 4 million ounce Bronzewing mine and the 1 million ounce Orelia deposit, the project remains relatively underexplored due to the transported cover that ranges between 2m and 40m in thickness.

VRX Silica is pleased to announce the Company has completed an agreement with Silatec Pty Ltd for the acquisition of the Boyatup Silica Sand Project located on E69/3560 which has a total area of 10

Hammer Metals has received some encouraging news at its Perentie project near Mt Isa in Queensland, with its first pass RC drilling campaign returning some high grade copper results. Notable results include 1m @ 4.21% copper and 0.13g/t gold from 75m down-hole at the Paddy B prospect and 2m @ 2.36% copper and 2g/t gold from 37m down-hole at the Trackside prospect.

Hammer Metals has generated its maiden mineral resource for the Jubilee deposit near Mount Isa in Queensland, defining 1.4 million tonnes grading 1.41% copper and 0.62g/t gold. The project is of a similar size and mineralisation style to other copper-gold deposits successfully mined by small-scale open pit operations elsewhere in the district, providing the company some confidence that Jubilee may be economically extracted in the future.

Hammer Metals is set to kick some serious goals at its early-stage Mt Philp breccia iron oxide-copper-gold project near Mount Isa in Queensland, after being awarded $80,000 by the State Government to partially fund exploration activity at the property. The company will use the funds to assay geochemical soil samples and complete geophysical data interpretation and surveys, to generate a 3D model and pinpoint specific drilling targets.

Hammer Metals has produced some exceptional copper and gold recoveries from initial metallurgical test work studies on ores from its Jubilee prospect, located in the Mount Isa mining district of north-western Queensland. The company achieved exceptional copper recoveries of 98% and even managed gold recoveries of 80%, essentially as a bonus credit in the final concentrate during mineral flotation test work for Jubilee.

Hammer Metals has achieved encouraging recoveries of up to 95.1% copper and 95.4% cobalt from its first pass metallurgical testing program at the Millennium JV project near Cloncurry in Queensland's Mt Isa mining district. Testing of the high grade composite sample from the northern quartzite zones also recovered 81.4% of the gold together with the copper concentrate.

88 Energy advises that the Non-Renounceable Rights Issue announced to the ASX on 3rd October 2018, closed on the 26th October 2018.