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Impact Minerals Ltd.
Summary
| Project: | Commonwealth | |
|---|---|---|
| Deposit: | Silica Hill | |
| Location: | Australia | |
| Commodities: | Gold-Silver | |
| Date: | 9/13/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-9-2016: Impact Minerals Ltd. announces an Exploration/Drilling Update report for its Silica Hill deposit at the Commonwealth project. Drilling results incl. 74.5m @ 1.2g/t Au, 106g/t Ag (2.9g/t AuEq.). Assays from drill hole CMIPT046 at Impact Minerals | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mike Jones (Internal) | |
| ABSTRACT: | Assays from drill hole CMIPT046 at Impact Minerals Limited’s 100% owned Commonwealth Project, 100 km north of Orange in New South Wales have returned high grade gold and very high grade silver over a 41 metre thick intercept within a 74 metre thick zone of gold-silver mineralisation. Key intercepts include: 41.3 metres at 2.0 g/t gold and 176 g/t silver (4.7 g/t gold equivalent) from 61 metres; which includes 16.3 metres at 3.7 g/t gold and 246 g/t silver (7.6 g/t gold equivalent) from 86 m. As shown in the adjacent figure, the intercept includes numerous high grade gold and silver intercepts from individual veins and groups of veins (which have been sampled in detail) including: 1 metre at 12.2 g/t gold and 680 g/t silver including 0.3 metres at 23 g/t gold and 1,110 g/t silver; 1 metre at 5.3 g/t gold and 924 g/t silver; 1.7 metres at 3.8 g/t gold and 1,176 g/t silver; and 0.7 metres at 1.5 g/t gold and 855 g/t silver. There are 30 individual assays with more than 2 g/t gold and 12 individual assays with more than 500 g/t silver. The high grade mineralisation lies within a thicker zone of continuous mineralisation that has returned: 74.5 metres at 1.2 g/t gold and 106 g/t silver (2.9 g/t gold equivalent). These new results also indicate that the lower gold-rich part of the mineralised zone in CMIPT046 is about twice as thick and almost twice the grade than in the first two discovery holes at Silica Hill, CMIPT043 and 011 (see announcements dated 8 th August, 19th August and 31st August 2016). | |
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