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Impact Minerals Ltd.
Summary
| Project: | Commonwealth | |
|---|---|---|
| Deposit: | Commonwealth | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-11-2018: Impact Minerals Ltd. announces an Exploration/Drilling Update report for its Commonwealth deposit at the Commonwealth project. Drilling results incl. 8m @ 5.1g/t Au, 20g/t Ag, 1.3% Zn, 0.5% Pb from 94m. High grade assay results from the final | |
| Resources: | (Resource, Total): 720Kt @ 2.8g/t Au, 48g/t Ag, 1.5% Zn, 0.6% Pb at Commonwealth | |
| CP/QP: | [Overall Report]: Mike Jones (Internal) | |
| ABSTRACT: | High grade assay results from the final two of eight diamond drill holes completed at Impact Minerals Limited’s (ASX:IPT) 100% owned Commonwealth Project located 100 km north of Orange in New South Wales, have confirmed significant extensions to the mineralisation at the Commonwealth South Prospect at the southern end of the Commonwealth deposit (Figure 1). The results have materially extended the down plunge extent of high grade mineralisation at the southern end of the Commonwealth deposit, beyond the extent of the current resource outline (Figures 1 and 2). The results also further demonstrate that the deposit contains numerous narrow high grade veins commonly carrying grades of between 10 g/t and more than 30 g/t gold. In addition a second, lower zone of mineralisation below the Commonwealth rhyolite has been confirmed below the main zone of mineralisation (Figure 2). Both zones are open at depth and along trend and further drilling is required (Figures 2 and 3). In the upper, main zone of mineralisation located within the Commonwealth rhyolite unit (Figure 2), drill hole CMIPT086 has returned: | |
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