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Impact Minerals Ltd.
Summary
| Project: | Commonwealth | |
|---|---|---|
| Deposit: | Main Shaft | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-9-2018: Impact Minerals Ltd. announces an Exploration/Drilling Update report for its Main Shaft deposit at the Commonwealth project. Drilling results incl. 5.65m @ 3.77g/t Au, 347g/t Ag, 10.8% Zn, 3.7% Pb from 52.1m. High grade assay results from the f | |
| 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 first six 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 signficant extensions to the mineralisation at both the Main Shaft and Silica Hill Prospects and importantly have identified a second massive sulphide body below Main Shaft. The mineralisation at both Prospects is still open along trend and at depth and further drilling is required. In addition an update to the resource model will be completed by Q1 2019. At Main Shaft four diamond drill holes were completed to test for extensions at depth and along trend from the previously identified gold and silver-rich massive sulphide lens1 . All four holes intersected varying widths of massive and/or semi-massive sulphide mineralisation at the upper eastern contact of the Commonwealth porphyry. The second massive sulphide unit, which was intersected in one hole in this programme, lies immediately below the lower western contact of the Commonwealth porphyry (Figures 1 and 2). The other 3 holes did not penetrate to the lower contact. Drill hole locations are shown in Figure 1 and other details are given in the tables at the end of this report. | |
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