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Tag: Mount Philp

$6m exploration deal for Hammer’s Mount Isa Project

Written by dev on . Posted in All News, Copper, Gold.

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 demonstrating that JOGMEC shared his company's vision that a large tonnage IOCG deposit such as Ernest Henry was present within that project area.

"The increased exploration funding allows a focused and accelerated exploration program at. . .

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Hammer hits the mark at Mount Philp project

Written by dev on . Posted in All News, Copper, Gold, Processing / Manufacturing.

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 to delineate drill targets which will be tested late in the 2019 field season."

Field work has commenced, with ground investigation of target zones.

Hammer was awarded Collaborative Exploration Initiative funding from the State Government late last year to part-fund a $250. . .

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