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Hammer Metals Limited ( (AU:HMX) ) just unveiled an announcement.
Hammer Metals Limited announced the discovery of visible gold in a drill core near the boundary of the Bronzewing Mine, with ongoing drilling at the Bronzewing South exploration target. The discovery, which includes fine-grained gold mineralization within a quartz vein breccia, could significantly impact the company’s operations and market positioning. Assay results are expected by mid-September, and the company is prioritizing a follow-up diamond drilling program to further explore the mineralization.
More about Hammer Metals Limited
Hammer Metals Limited is a mineral exploration company focused on discovering large copper-gold deposits, particularly of the Ernest Henry style. The company holds a strategic tenement position in the Mount Isa mining district and has interests in several deposits, including Kalman, Overlander North and South, Lakeview, and Elaine. Hammer Metals also has a 100% interest in the Bronzewing South Gold Project, located near the Bronzewing gold deposit in Western Australia’s Yandal Belt.
Average Trading Volume: 763,677
Technical Sentiment Signal: Hold
Current Market Cap: A$31.96M
For detailed information about HMX stock, go to TipRanks’ Stock Analysis page.