Hammer Metals Reports More Promising Results from Perentie

By Scott Tibballs

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Hammer Metals (ASX:HMX) has reported a second zone of high grade copper-gold with results up to 25 percent copper at its Perentie project near Mt Isa in Queensland.

As highlighted in the press release:

  • Judith prospect, the second of the new zones discovered at Perentie has returned rock chip values up to 25 percent copper and 7.23 grams per tonne (g/t) of gold.
  • Judith is located 800 m north of the Paddy B prospect from where high-grade copper-gold results were reported last week.
  • Disseminated mineralization occurring within quartz-carbonite veined and strongly ‘red rock’ altered granite up to 30 min thickness occurs over a 450 m strike length. This zone is shaping up as a high priority drill target.
  • Six previously undiscovered copper-gold prospects have now been sampled at Perentie.
  • Multiple other targets identified with a similar geophysical signature in the Perentie area. Ground investigation of these targets continues.
  • Further assay results from the Susan prospect and anomaly 5 are expected within the next week.
  • Hammer is extremely excited with this find which has potential for a significant new copper discovery within Hammer’s existing portfolio.

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

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The post Hammer Metals Reports More Promising Results from Perentie appeared first on Investing News Network.

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