Hammer Metals Limited Launches High-Grade Gold Drilling at Bronzewing South, Targeting Extended 3M-Ounce Deposit with a $22.2M Market Cap Surge

Monday, August 18, 2025
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8:26 am
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Hammer Metals Limited has commenced gold drilling at its Yandal Project in Western Australia. Targeting high-grade mineralisation near a historic mine, the program uses RC and diamond drilling to potentially unlock significant deposits amid robust gold prices, sparking interest for new investment opportunities.

Hammer Metals Limited has initiated a new drilling program at its Bronzewing South Gold Project in Western Australia. The company is targeting a high-grade mineralised zone identified just 40 meters from its tenement boundary. Historical drilling by Great Central Mines in 1995 recorded an intercept of 2 meters at 20.8 grams per tonne of gold, and Hammer Metals Limited now aims to test this area more effectively using a combination of Reverse Circulation and diamond tail drilling methods. The new work will also extend into the company’s Central Target Zone, where earlier tests showed promising grades including an intercept of 20 meters at 1.5 grams gold per tonne, with sub-intervals reaching 2.4 and 3.9 grams per tonne from a depth of 120 meters. In addition to the Bronzewing South program, the company is returning to Ken’s Bore, an area previously explored since 2020. This target is notable for its association with the Hamster Granite and has yielded impressive rock chip sampling results up to 12.1 grams per tonne and 6.2 grams per tonne. Hammer Metals Limited plans to further examine the granite contacts using Reverse Circulation drilling and expanded soil sampling, aiming to delineate any extension of the mineralisation southwest of the historic work. Hammer Metals Limited’s exploration efforts span several priority targets across its 100% owned Yandal Gold Project portfolio. The strategy is to leverage proximity to a former 3-million-ounce gold deposit and test zones that have historically been under-explored due to previous legal issues and subdued gold prices. The comprehensive drilling program, scheduled for August and September, is complemented by ongoing geophysical, geochemical, and structural reviews across multiple project areas, with further updates expected as the field work progresses. Investors may view the company’s renewed focus on high-grade intercepts and strategic repositioning amid robust global gold prices in a bullish light, as these factors could pave the way toward establishing a significant exploration discovery. Conversely, concerns remain given past periods of ineffectively tested targets, historical gaps in drilling due to transported cover, and relatively modest cash reserves. This dual outlook underscores the potential rewards as well as the inherent risks associated with early-stage exploration in a competitive mining district.

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