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Hammer Metals acquiring Bronzewing South gold project


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Hammer Metals acquiring Bronzewing South gold project

Hammer Metals Ltd. agreed to acquire the Bronzewing South gold project in Western Australia from Carnegie Exploration Pty. Ltd. for A$550,000 in shares.

The deal is subject to completion of final due diligence and approval of shareholders.

The project consists of five exploration licenses and two prospecting licenses covering about 111 square kilometers.

Bronzewing South is immediately along strike from the Bronzewing gold mine and the Orelia deposit held by Echo Resources Ltd.

Hammer Metals said March 14 that initial work will comprise detailed structural targeting and reverse circulation drilling, focusing on the Bronzewing and Orelia deposit structural trends.