Regulatory Filings • May 11, 2015
Regulatory Filings
Open in ViewerOpens in native device viewer
News Details
Corporate | 11 May 2015 08:33
Deutsche Rohstoff AG: Hammer Metals announces very encouraging first results of current drilling program
Deutsche Rohstoff AG / Key word(s): Miscellaneous
2015-05-11 / 08:33
Deutsche Rohstoff: Hammer Metals announces very encouraging first results of current drilling program
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.
Contact:
Deutsche Rohstoff AG
Thomas Gutschlag
Tel. +49 6221 871 000
2015-05-11 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
| Language: | English |
| Company: | Deutsche Rohstoff AG |
| Friedrich-Ebert-Anlage 24 | |
| 69117 Heidelberg | |
| Germany | |
| Phone: | 06221-87100-11 |
| Fax: | 06221-87100-22 |
| E-mail: | [email protected] |
| Internet: | www.rohstoff.de |
| ISIN: | DE000A0XYG76, DE000A1R07G4, |
| WKN: | A0XYG7, A1R07G |
| Indices: | Entry Standard (Performance TOP 30) |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart; Open Market (Entry Standard) in Frankfurt |
| End of News | DGAP News-Service |
| - - - |
| 355471 2015-05-11 |
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.