Heidelberg. Hammer Metals Limited, in which Deutsche Rohstoff holds a 17.3% stake, today announced the first results of the ongoing exploration campaign on it`s tenements in the Mount Isa region in Queensland, Australia. Analysis and assay results of the first drillhole of this years campaign, drilled on the Overlander North target, are now available. The results of the hole do confirm the expected potential of the mineralisation, with partly very higher copper grades. The drillhole returned an intercept of 97.3 meters at 0.54% Cu from 358.7 meteres including 21 meters at 1.7% Cu and a higher grade zone of 6 meters at 3.3% Cu.
The management of Hammer Metals considers the results to be highly encouraging. The style of the mineralisation and the the grades confirm the potential for a large and significant IOCG mineralisation. The results from other holes of the current campaign are expected to be announced by Hammer over the next weeks.
The share price of Hammer Metals, trading on the Australian stock exchange ASX, today rose by 10%. A more detailed version of the press release can be found at www.hammermetals.com.au
Heidelberg, 11 May 2015
Deutsche Rohstoff (Heidelberg, Germany), listed in the Entry Standard segment of Frankfurt Stock Exchange, is establishing a new primary producer. The company’s focus is placed on oil & gas and so called high tech metals such as tin, tungsten, and rare earth metals. All projects are located in political stable countries with high environmental standards. The business concept is based on redeveloping deposits, which have been well explored in the past. For more information please visit www.rohstoff.de.