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Impact Minerals Ltd.
Summary
| Project: | Commonwealth | |
|---|---|---|
| Deposit: | Silica Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/13/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-2-2018: Impact Minerals Ltd. announces an Exploration/Drilling Update report for its Silica Hill deposit at the Commonwealth project. Drilling results incl. 22.5m @ 1.7g/t Au, 276g/t Ag from 166.7m. High grade gold and exceptionally high grade silver a | |
| 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 gold and exceptionally high grade silver assays, have been returned from the southern mineralised zone at Impact Minerals Limited’s (ASX:IPT) emerging gold-silver discovery at the Silica Hill Prospect, 100 km north of Orange in New South Wales. The assays, which are from three diamond drill holes, also indicate that the grades of gold and silver, and gold in particular, are increasing with depth below surface (Figures 1, 2 and 3). Impact Minerals Managing Director Dr Mike Jones said: “These results are an exciting further breakthrough for us at Silica Hill as they indicate the mineralised system is getting better at depth and to the east. The silver grades and minerals within the vein system we have discovered are exceptional and confirm the unique nature of this deposit in Australia. These are the highest assays returned so far at the project and they occur within robust zones of mineable width and grad These results, together with previously reported results from Holes CMIPT011 and CMIPT043 confirm the continuity of gold and silver mineralisation in the southern zone from surface to about 200 metres true depth and over a strike length of 150 metres (Figures 2 and 3 and see announcements 2 September 2016 and 8 August 2016).e. We are excited for the 2018 exploration programme.” | |
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