Hammer Metals (ASX:HMX) intersected copper and gold mineralization in all holes drilled in reverse circulation at Lady Jenny Mining lease in Queensland, Australia, according to a Thursday Australian bourse filing.
The intercepts yielded 32 meters at about 1.1% copper and 0.2 grams per tonne of gold from a depth of 14 meters.
The company will start drilling its joint venture prospect called Bullrush early next week, per the filing.
Company shares dropped 6% in recent Thursday trade.
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