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Impact Minerals Ltd.
Summary
| Project: | Clermont | |
|---|---|---|
| Deposit: | Blackridge | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/1/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-8-2018: Impact Minerals Ltd. announces an Exploration/Drilling Update report for its Blackridge deposit at the Clermont project. Historic drilling results incl. 10m @ 13.25g/t Au, 114g/t Ag, 4.53% Cu, 5.75% Pb, 0.25% Zn from 6m. Drill testing of five ta | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mike Jones (Internal) | |
| ABSTRACT: | Drill testing of five target areas identified in geophysical and geochemical data is underway at Impact Minerals Limited’s 100% owned Clermont gold project located in the southern part of the Drummond Basin in Central Queensland; a prolific epithermal gold-silver belt which hosts several world class gold deposits such as Pajingo (Vera-Nancy) (>5 Moz), Mt Leyshon (>3 Moz) and Mt Wright (>1 Moz) (Figure 1). The project lies 30 km south of the town of Clermont and about 50 km south of the recently acquired Blackridge conglomerate-hosted gold project (Figure 1 and see announcement May 29 2018). A recently completed gradient array Induced Polarisation (IP) survey has identified multiple coherent northeast trending linear resistivity anomalies that coincide in part with numerous outcrops of gold-bearing quartz veins. The resistivity data suggests that the quartz veins extend over a strike length of at least 6,000 metres (Figure 2). A total of 98 rock chip samples taken from variably gossanous quartz veins over the 6,000 metres of strike returned assays of up to 8.1 g/t gold (Figure 2) with 35 samples returning assays of more than 0.1 g/t gold and 10 returning assays greater than 1 g/t gold (see Table at end of report for further details). A review of an MMI soil geochemistry survey completed by now wholly-owned subsidiary Invictus Gold Limited in 2012 showed that the linear resistivity anomalies are concident with elevated gold, silver and lead in soil values as well as elevated copper to the north and zinc to the east. | |
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