Hammer Metals has entered a joint venture deal which will see Japan Oil, Gas and Metals National Corporation (JOGMEC) invest up to $6 million in a cluster of its North West Queensland projects. The JV covers sections of the Even Steven, Mount Philp, Dronfield West and Malbon target areas within Hammer’s Mount Isa Project. Hammer managing director Daniel Thomas hailed the agreement as d...
Hammer Metals has discovered a new zone of mineralisation at its Mount Philp project south-east of Mount Isa. The zone, dubbed Shadow, was discovered through follow-up rock chip sampling over copper-gold soil anomalies at the Mt Philp breccia complex, the company said. Preliminary sampling returned results in individual samples of up to a maximum of 4.64g/t gold and 27.7 per cent copper. ...
Hammer Metals says a soil survey has identified numerous gold anomalies at Mount Philp in North-West Queensland, confirming the prospectivity of the site. “The soil results are very encouraging and now that surface anomalies have been defined more detailed field examination can commence,” Hammer chairman Russell Davis said. “The field work and planned gravity survey aims t...
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