Drilling update from Hammer Metals

Hammer Metals (ASX:HMX) has shared an update on its drilling activities at the Lady Jenny Project in the Mount Isa region, northwest Queensland. The company successfully completed two initial phases of drilling, with 11 holes drilled totaling 1,343 meters. However, significant rainfall interrupted the drilling program. Further exploration at Kalman Southeast and access to the Tourist Zone South target are delayed until the wet season ends. First assay results are anticipated in January 2025.

Outlook on Lady Jenny Project

Hammer Metals is focused on advancing its exploration efforts despite weather challenges. The company plans to resume drilling in early 2025, prioritizing the Tourist Zone prospect at the start of the new field season. Hammer Metals holds an option to purchase an 80% interest in the Lady Jenny Mining Leases and continues to explore the potential of its strategic tenement position in the Mount Isa district. Upcoming activities include additional drilling programs and anticipated assay results, which are expected to offer further insights into the company's projects.

Insights from Hammer Metals

Our drilling at Lady Jenny has intersected zones of mineralization beneath historic workings, showcasing potential for further exploration. The interruptions due to rain have been challenging, but we are eager to resume activities early next year. We remain committed to advancing our projects and look forward to sharing assay results soon.