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Impact Minerals Ltd.
Summary
| Project: | Commonwealth | |
|---|---|---|
| Deposit: | Silica Hill | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Zinc-Lead | |
| Date: | 8/19/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-8-2016: Impact Minerals Ltd. announces an Exploration/Drilling Update report for its Silica Hill deposit at the Commonwealth project. Drilling results incl. 68m @ 0.5g/t Au, 43g/t Ag, 0.2% Zn, 0.1% Pb from 99m. A 50 metre thick zone of sulphide mineral | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mike Jones (Internal) | |
| ABSTRACT: | A 50 metre thick zone of sulphide mineralisation has been intersected in a second well-mineralised drill hole at the emerging Silica Hill Prospect within Impact Minerals Limited’s (ASX:IPT) 100% owned Commonwealth Project, 100 km north of Orange in New South Wales. The mineralised zone in Hole CMIPT011 contains extensive visible silver minerals and is materially more intensely mineralised and of higher grade zinc, lead, silver and pathfinder metals (as measured with a handheld XRF instrument) than the (now) 68 metre thick zone of mineralisation intersected in discovery Hole CMIPT043 (see announcement dated 8 th August 2016). In addition, the mineralisation, which comprises disseminated sulphide, veins and semi-massive sulphide-veins intersected from 122 metres down hole, is between 40 metres and 60 metres away from the intercept in Hole CMIPT043 (Figures 1 and 2). Impact Minerals’ Managing Director Dr Mike Jones said: “What lies beneath Silica Hill? This is a question we have often asked ourselves at Impact given the very unique thickness of silica and iron sulphide alteration that extends for hundreds of metres both along and across trend there. I think that we are now rapidly approaching an answer to that question. This second hole adds a new dimension to the mineralised system that we are uncovering because it confirms that it is made up both of numerous veins of high- and very high-grade precious and base metals, as well as fine grained mineralisation in the rock between the veins. Should this discovery continue to grow, such mineralisation has the potential to add significant tonnage to the resource already defined at the nearby Commonwealth deposit. We continue to drill.” | |
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