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Impact Minerals Ltd.
Summary
| Project: | Commonwealth | |
|---|---|---|
| Deposit: | Commonwealth | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Zinc-Lead | |
| Date: | 8/22/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-8-2019: Impact Minerals Ltd. announces a Resource Estimation report for its Commonwealth deposit at the Commonwealth project. Updated mineral resource estimate for Commonwealth-Silica Hill. Impact Minerals Limited is pleased to announce a significant i | |
| Resources: | ||
| CP/QP: | [Resources]: Susan Havlin, Kahan Cervoj (Optiro Pty Ltd.) | |
| ABSTRACT: | Impact Minerals Limited is pleased to announce a significant increase in resources at the Company’s 100% owned Commonwealth gold-silver-zinc-lead-copper project 95 km north of Orange in New South Wales including a maiden resource for the silver-rich Silica Hill Prospect1 (Figure 1). The new resource contains 88,800 ounces of gold and 3.3 million ounces of silver all of which occurs from surface to a depth of 250 metres and well within range of potential open pit mining. The Mineral Resources at Commonwealth and Silica Hill have been prepared in accordance with the JORC 2012 Code by independent resource consultants Optiro and follows several drill programmes across the project area completed in late 2018. Impact Minerals Managing Director, Dr Mike Jones, said: “This updated resource demonstrates the high grade nature and extensive near-surface mineralisation at Commonwealth and the overlapping Silica Hill prospects. The deposits are open along trend and at depth and further drilling should lead to further significant increases in resources, in particular with the discovery of further very high grade massive sulphide bodies like that at Main Shaft. In addition the silver-rich resource at our unique Silica Hill discovery confirms that the narrow very high grade silver-gold veins are part of a larger deposit also with the potential for bulk mining. “We are still very excited by the similarities of the entire area to the world class Eskay Creek Project in the Golden Triangle of British Columbia which is currently being revived” he said. | |
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