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Impact Minerals Ltd.
Summary
| Project: | Commonwealth | |
|---|---|---|
| Deposit: | Commonwealth | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Zinc-Lead-Copper | |
| Date: | 7/25/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-7-2016: Impact Minerals Ltd. announces an Exploration/Drilling Update report for its Commonwealth deposit at the Commonwealth project. Drilling results incl. 39m @ 0.33g/t Au, 16g/t Ag, 0.03% Zn from 5m at Silica Hill. Impact Minerals Limited’s (ASX:IP | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mike Jones (Internal) | |
| ABSTRACT: | Impact Minerals Limited’s (ASX:IPT) ongoing reverse circulation (RC) and diamond drill programme at the 100% owned Commonwealth Project 100 km north of Orange in NSW is to be extended by about 25% (1,000 metres) to follow up encouraging assay results from the Silica Hill, Walls and Commonwealth Prospects. The drill programme is testing a number of targets identified by Impact at four separate locations: the Commonwealth deposit, Silica Hill, the Walls- Welcome Jack Trend, and Doughnut. The programme has been delayed significantly by heavy rainfall that has affected the area over the past six weeks. Three new drill targets have been identified at Silica Hill following the recognition by Impact of two important controls to the higher grade mineralisation in the Silica Hill-Commonwealth deposit area together with assays from recent drill holes (Figures 1 and 2). Two of the targets will be drilled as part of the current programme with the third area likely to require a new drill permit from the NSW Department of Mines. The maiden drill hole at the Walls Prospect located 1.2 km east of Commonwealth identified a 20 metre thick zone (true width) of gold and silver mineralisation. The prospect lies at the southern end of the Welcome Jack Trend which extends over a strike length of at least one kilometre and has not been previously drill tested (Figure 4). Hole CMIPT022, drilled down plunge to previous mineralisation was designed to test a small down-hole EM conductor at Commonwealth South. | |
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