For thousands of other reports visit RSC's Mineral Intellingence Map
Impact Minerals Ltd.
Summary
| Project: | Commonwealth | |
|---|---|---|
| Deposit: | Silica Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/25/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-8-2017: Impact Minerals Ltd. announces an Exploration/Drilling Update report for its Silica Hill deposit at the Commonwealth project. Drilling results incl. 49m @ 0.1% Cu from 269m. A significant expansion of the exploration potential over at least sev | |
| 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: | A significant expansion of the exploration potential over at least several hundred metres along trend and also at depth is being revealed in the on-going drill programme at Impact Minerals Limited’s (ASX:IPT) high grade gold-silver discovery at the Silica Hill Prospect, part of the 100% owned Commonwealth Project, 100 km north of Orange in New South Wales. Recent diamond drill holes (CMIPT64 to 66) have now extended the mineralised vein system, which comprises a stockwork of quartz-sulphide veins about 40 metres wide, a further 50 metres along trend to the north east and comprising multiple narrow veins containing measurable silver with a hand held XRF instrument (Figure 1). The vein system is now about 250 metres in length and is still open along trend and at depth (see announcements dated 15 August 2017 and 4 August 2017). Assays from these holes are expected in about three to five weeks. Complete assays for Holes 50 and 51 drilled away from the main mineralised zone at Silica Hill are reported below. Assays from other previous drill holes are expected in about 7 to 10 days. Potential Expansion of Silica Hill Mineralisation to the north east Diamond drill hole CMIPT51 was drilled about 300 metres north of and back towards the mineralized zone at Silica Hill (Figure 2). It was previously reported that this hole was abandoned at 270 metres depth because of poor drilling conditions (see announcement 20 July 2017). | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report