Impact Minerals extends Commonwealth exploration potential
THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has taken receipt of high-grade rock chip samples with assays of up to 18.2 per cent copper and 58 grams per tonne silver from the company’s 100 per cent-owned Commonwealth project in New South Wales.
Impact claims the results have extended the strike length of the known mineralised zone at the Commonwealth Mine from 600 metres to at least 2,500 metres.
The company said the results have also, for the first time, identified a copper-rich part of the mineralised trend which extends for 1,500m of strike north-west of the Commonwealth Mine and includes a line of workings associated with the dormant Coronation Mine.
.jpg)
Commonwealth project: geology, prospects and significant rock
chip assays. Previous exploration focused solely only on 300m of strike
between the Commonwealth Mine and Commonwealth South prospect. Source:
Company announcement
“Several near surface weak to moderate electromagnetic conductors which require drill testing have been identified close to this line of workings in a recently completed ground electromagnetic survey,” Impact Minerals said in its ASX announcement.
The company said these results, together with other work it has completed since acquiring the project, have now extended the 300m long mineralised horizon between the Commonwealth Mine and Commonwealth South to at least 2,500m of strike, which remains open and undrilled in both directions.
Impact has recently completed further field work at the Commonwealth project, which involved around 450 soil and rock chip samples having been taken over the area between Commonwealth as well as an IP survey over the Commonwealth Mine.
The company indicated the results of all of this work will be integrated to define further drill targets for drilling in the next Quarter.
Drilling to define an Inferred Resource between Commonwealth Mine and Commonwealth South is also planned.
Email: info@impactminerals.com.au
Website: www.impactminerals.com.au