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Impact Minerals Ltd.
Summary
| Project: | Commonwealth | |
|---|---|---|
| Deposit: | Silica Hill | |
| Location: | Australia | |
| Commodities: | Gold-Silver | |
| Date: | 2/22/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-2-2017: Impact Minerals Ltd. announces an Exploration/Drilling Update report for its Silica Hill deposit at the Commonwealth project. Drilling results incl. 126m @ 0.6g/t Au, 25g/t Ag from 33m. New drill assay, Induced Polarisation (IP) and soil geoche | |
| Resources: | (Resource, Total): 720000t @ 2.8g/t Au, 48g/t Ag, 1.5% Zn, 0.6% Pb at Commonwealth | |
| CP/QP: | [Overall Report]: Mike Jones (Internal) | |
| ABSTRACT: | New drill assay, Induced Polarisation (IP) and soil geochemistry data from the Commonwealth-Silica Hill area at Impact Minerals Limited’s (ASX:IPT) 100%-owned Commonwealth Project 100km north of Orange in New South Wales continue to demonstrate the significant exploration potential of these key prospects (Figure 1). Assay data from two drill holes at Silica Hill have returned thick widths of up to 126 metres of modest gold and silver mineralisation and confirm the continuity of the mineralised system for a further 50 metres down dip (Figures 2 and 3). Together with previous drill results significant mineralisation has now been intersected in six drill holes so far at Silica Hill, over an area of 200 metres by 100 metres down to a depth of 120 metres below surface and with an average true thickness of at least between 50 metres and 70 metres. The mineralisation is open in all directions including up dip (Figures 2 and 3 and see also announcement dated 5 th December 2016). The new IP and soil geochemistry data show that the area partly drilled by Impact covers only the southern quarter of a much larger target area of up to one square kilometre containing numerous undrilled IP and gold- and silver-in soil anomalies. In addition a conductor that may represent massive sulphides has been identified at depth below the Commonwealth resource at Main Shaft. | |
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