HMX 0.00% 3.8¢ hammer metals limited

Wow - best kept secret on the ASX +50% ableit on small volumes...

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    Wow - best kept secret on the ASX +50% ableit on small volumes and its crickets in here......

    Had a read through the announcement and as a follow up from the previous announcement its more confirmation that the demagnetized zones look to have been overlooked but contain the potential for thin high grade Cu mineralization.

    Good to see aboriginal native title clearances already underway but would have liked to have seen a more definite timeframe to a drill rig turning up.

    Found the results from the 2014 HMX drilling (ASX HMX Release 16th Oct 2014 link here:

    http://www.hammermetals.com.au/wp-content/uploads/2017/11/42sy1jcps3fhm2.pdf

    So this area isn't exactly new - and its interesting to note that they actually got some half-decent intersections back then (although they look a little skinny in my opinion, note all HDRC001 to 003 holes were drilling towards the west,  but if the diagram is correct then hole HDRC003 at Rainbow Ridge isn't really testing the high grade surface rockchips that are in this latest ASX release):

    Dronfield:
    A three hole RC drilling program for 240 metres (HDRC001-HDRC003) was undertaken at the Trackside and Rainbow Ridge prospects within EPM 18084 at Dronfield.
    The drilling program was designed to provide an initial test of shallow copper-gold workings at the easternedge of a large magnetic anomaly within the Wimberu Granite. The Wimberu Granite is of the same age as the Williams Granite believed to be associated with the formation of the Ernest Henry IOCG deposit. The holes intercepted strongly “red-rock” altered granite with abundant magnetite and low-level copper anomalism with thin high grade intervals of copper-gold sulphide mineralisation.

    Results include:

    2 metres at 6.1% Cu and 1.54g/t Au from 37 metres including 1 metre of 11.8% Cu and 2.95 g/t Au from 37 metres in HDRC001 at Trackside

    1 metre at 1.48% Cu and 0.46g/t Au from 53 metres in HDRC002 at Trackside

    9 metres at 0.36% Cu and 0.13g/t Au from 37 metres including 1 metre at 1.02% Cu and 0.43g/t Au from 37 metres in HDRC003 at Rainbow Ridge
 
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