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Impact Minerals Ltd.

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Summary

Project:

Commonwealth

Deposit:Silica Hill
Location:Australia
Commodities:Gold
Date:3/28/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:28-3-2018: Impact Minerals Ltd. announces an Exploration/Drilling Update report for its Silica Hill deposit at the Commonwealth project. Drilling results incl. 146.2 @ 0.04ppm Au, 5ppm Ag from 199.8m. New drill assays and detailed studies on core from the
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:New drill assays and detailed studies on core from the Silica Hill Prospect at Impact Minerals Limited’s (ASX:IPT) 100% owned Commonwealth Project 100 km north of Orange in New South Wales, further demonstrate the large scale and high grade nature of the mineralised system in the area. Managing Director Dr Mike Jones said “Following the recent discovery of high grade gold and very high grade silver veins at Silica Hill, these new results are a further breakthrough for Impact as it demonstrates the system extends over an area of at least 500 metres by 500 metres in dimension and also to considerable depth. We are also recognising different units within the Silica Hill rhyolite that are an important control on the mineralisation and may also be the upper parts of a deep rooted intrusion that could be mineralised over a significant vertical extent. This augers well for our 2018 drill programme.

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