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viewHammer Metals Ltd.

Hammer Metals acquires Yandal Gold’s Bronzewing South Gold Project in WA

The project consists of five granted exploration licences and two prospecting licences for a total area of about 111 kilometres held by Carnegie Exploration Pty Ltd.

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Limited previous drilling has intersected high-grade gold mineralisation in bedrock

Hammer Metals Ltd (ASX:HMX) has agreed to acquire the Bronzewing South Gold Project in the heart of the Yandal greenstone belt in WA.

The agreement is subject to approval under section 195(4) of the Corporations Act.

The acquisition secures the under-explored terrain along strike of the 4-million-ounce Bronzewing gold mine and the 1 million-ounce Orelia deposit.

The project will be a positive addition to Hammer's portfolio, with its prime gold exploration location close to existing infrastructure and active exploration activities.

Hammer chairman Russell Davis said: “With the proposed acquisition of the Bronzewing South Gold Project, Hammer will have strategic tenement positions in two of the world’s great mining provinces – the Mount Isa province in northwest Queensland and the eastern goldfields of WA.

“Bronzewing South is strategically located in the heart of the 24 million-ounce Yandal greenstone belt with its current high levels of gold mining and exploration activity and existing infrastructure.

“Hammer also has substantial board and management experience in gold exploration with a track record of success in this endeavour.”

An initial drilling program will comprise detailed structural targeting and reverse circulation drilling.

Quick facts: Hammer Metals Ltd.

Price: 0.013 AUD

ASX:HMX
Market: ASX
Market Cap: $7.26 m
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