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Hammer Metals Limited ( (AU:HMX) ) just unveiled an update.
Hammer Metals Limited has commenced drilling at its Bronzewing South tenement, targeting high-grade gold mineralisation zones identified near the historical Bronzewing Mining Lease. This initiative is part of a broader exploration strategy to capitalize on the current strong gold prices and explore under-explored areas due to past legal disputes and market conditions. The drilling program aims to prove the continuation of mineralisation into Hammer’s exploration permit, potentially leading to significant gold discoveries. The company is focusing on three high-priority targets, including the Boundary Eastern Zone, Central Mineralised Zone, and contacts of the Hamster Granite, which have shown promising signs of gold mineralisation.
More about Hammer Metals Limited
Hammer Metals Limited is a company operating in the mining industry, focusing primarily on gold exploration. The company is engaged in the exploration and development of mineral resources in Australia, with a particular emphasis on gold projects located in the Yandal Gold Project area in Western Australia.
YTD Price Performance: -24.24%
Average Trading Volume: 649,621
Technical Sentiment Signal: Sell
Current Market Cap: A$22.64M
See more insights into HMX stock on TipRanks’ Stock Analysis page.