Hammer and partner Newmont have three 500-metre deep diamond holes planned, with Hammer’s CEO Alex Hewlett describing Overland as one of the “more exciting” targets.

However speaking at the Mining 2016 Resources Convention in Brisbane this week, Hewlett cautioned investors on a number of occasions that this was “exploration”!

Still, Hammer evidently has credible backers attracted to its big picture, big target, high risk, high return exploration strategy

Aside from Newmont, heavyweight private equity resource sector investor RCF has of late been building a 15% stake.

Further, back in June former Gold Road exploration executive Ziggy Lubieniecki became a substantial shareholder with a total investment up to that time of over $A413,000.

Hammer chairman Russell Davis and Lubieniecki are considered pioneers in the Yamarna gold belt in Western Australia where Gold Road has outlined over 5 million ounces.

Hammer has three back-to-back drill programs planned over the next few months in a region the junior is promoting as having a track record of hosting world-class mineralised systems.

A $2.25 million placement completed earlier this month will fund target generation and drilling at the company’s 100%-owned Millennium and Scalper projects.

Shares in Hammer were trading at 8c this week, capitalising the company at about $8.6 million.