Impact hits further high-grade gold and silver at Silica Hill

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THE DRILL SERGEANT: Impact Minerals (ASX: IPT has received assays from the latest drill hole, CMIPT046, to be drilled at the Silica Hill deposit, part of the company’s 100 per cent-owned Commonwealth project, located north of Orange in New South Wales.

The assays have returned high-grade gold and very high-grade silver results over a 41 metre thick intercept within a 74 metre thick zone of gold-silver mineralisation.

Highlights include:

41.3 metres at 2 grams per tonne gold and 176g/t silver (4.7g/t gold equivalent) from 61m, including 16.3m at 3.7g/t gold and 246g/t silver (7.6g/t gold equivalent) from 86m.

Impact indicated this intercept also includes numerous high-grade gold and silver intercepts from individual veins and groups of veins – which have been sampled in detail, including:

1m at 12.2g/t gold and 680g/t silver, including 0.3m at 23g/t gold and 1,110g/t silver;

1m at 5.3g/t gold and 924g/t silver;

1.7m at 3.8 g/t gold and 1,176g/t silver; and

0.7m at 1.5g/t gold and 855g/t silver.

The results returned 30 individual assays with more than 2g/t gold and 12 individual assays with more than 500g/t silver.

Impact explained the high-grade mineralisation lies within a thicker zone of continuous mineralisation that has returned:

74.5m at 1.2g/t gold and 106g/t silver (2.9g/t gold equivalent).

The company emphasised the new results also indicate the lower gold-rich part of the mineralised zone in CMIPT046 to be about twice as thick and almost twice the grade than in the first two discovery holes at Silica Hill, CMIPT043 and 011, which were announced a couple of weeks ago.

“This is yet another exciting development at Silica Hill,” Impact Minerals managing director Dr Mike Jones said in the company’s announcement to the Australian Securities Exchange.

“As we had anticipated, we have now discovered high-grade gold associated with the very high-grade and bonanza grade silver veins that are clearly widespread across the prospect.

“The gold zone is twice as thick and almost twice the grade of the zone in the first two significant drill holes.

“In addition it also appears on this section that again the grade is increasing at depth.

“This is all very encouraging and we are now planning our next round of drilling.”

Email: info@impactminerals.com.au

Website: www.impactminerals.com.au