Hammer hits on emerging discovery at Bronzewing South
Multi-commodity explorer, Hammer Metals, has hit the nail on the head with some striking first pass aircore drilling results across the 14km long Orelia trend at its Bronzewing South gold project.
Best numbers include 4 meters grading 2.40 grams per tonne gold from just 16 meters downhole.
The results received to date represent about 4,500m of drilling, with around 10,000m still to drill and assay. The numbers tabled today are from the company's Target 1 prospect with additional significants results including 16m grading 1.78g/t gold from 12m downhole.
The original Bronzewing discovery hole contained just a few metres grading 0.3g/t gold in weathered material and 12m grading at 1.1g/t gold at around 80m depth, which makes Hammer’s first pass results look exciting.
These first-pass aircore numbers could shape up as an emerging discovery for Hammer, with shallow gold anomalies that are coincident with faulted contacts between felsic and mafic rocks providing an encouraging geochemical signature for prospective gold accumulations.
Hammer has now identified a 500m long gold mineralised trend at Target 1 and a suite of new targets within this zone, which importantly, is still open in all directions.
The program was designed to follow up historical RAB drilling gold anomalies where drilling reached an average depth of 30m with results including 3m at 12g/t gold from 18m downhole and 3m grading 3.6g/t gold from 9m downhole.
Hammer’s substantial aircore drilling program will test a total of four targets across the 14m long Orelia trend. This trend is highly and is located along strike from the historic Cockburn and Lotus pits, currently held by Echo Resources, which have a solid combined resource of 1.1 million ounces of gold.
Hammer Metal’s Managing Director, Dan Thomas said: “It’s pleasing to see positive results from the first phase of this current program. Hammer has identified continuous trends of mineralisation, a new anomalous trend on the western edge of historical drilling and highlighted several high priority follow-up opportunities to pursue.
These results represent only one of our first four targets on this 14km trend and I’m equally excited to see what the rest of this program can deliver”.
The drilling program is ongoing at Targets 2, 3 and 4 with Hammer now planning whether it will follow up the first batch of solid results at Target 1, sooner rather than later.
Is your ASX-listed company doing something interesting? Contact : matt.birney@businessnews.com.au