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Impact Minerals Ltd.
Summary
| Project: | Broken Hill | |
|---|---|---|
| Deposit: | Broken Hill | |
| Location: | Australia | |
| Commodities: | Cobalt-Zinc-Lead-Silver-Copper-Gold-Platinum-Palladium-Nickel | |
| Date: | 3/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-3-2017: Impact Minerals Ltd. announces an Exploration/Drilling Update report for its Broken Hill deposit at the Broken Hill project. Reassessed assays incl. 5.2m @ 0.06% Co, 0.2g/t Au, 3.9g/t Pd, 0.8g/t Pt from 54.2m. A review of previous exploration da | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mike Jones (Internal) | |
| ABSTRACT: | A review of previous exploration data from Impact Minerals Limited’s (ASX:IPT) 100% owned Broken Hill Project has identified significant potential for cobalt mineralisation both as credits to the high grade nickel-copper-platinum group metal (PGM) mineralisation recently discovered by the Company and as stand alone deposits. It is now well established that cobalt demand is forecast to grow considerably into the future due to its use in a variety of products but in particular battery materials, high temperature and other alloys, adhesives, magnetic materials, glass and ceramics. Accordingly exploration for cobalt either as a primary commodity or as a by-product is warranted. Over the past 18 months, and following its high grade nickel-copper-PGM and high grade silver-lead-zinc discoveries at the Red Hill and Platinum Springs Prospects, Impact has quietly acquired a significant tenement holding in the Broken Hill region covering some 517 square kilometres and about 100 kilometres of strike extent to the south of the Broken Hill Mine (Figure 1). The company is now one of the largest landholders in this highly mineralised province. Follow up drilling is required at both prospects and to this aim a VTEM helicopter-borne geophysical survey to help identify targets for bodies of massive sulphide is due to commence in the area next week. | |
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