Impact Minerals identifies undrilled high-grade targets
THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has completed rock chip assays and soil geochemistry, which has defined four priority areas for follow up work at the Red Hill prospect at the company’s Broken Hill Joint Venture project in New South Wales.
“The results suggest that the host ultramafic intrusive unit at Red Hill, which outcrops over an area of about 500 square metres, has a nickel-rich core and copper-precious metal-rich margins,” Impact Minerals said in its ASX announcement.
“The centre of the unit is marked by nickel-in-soil values greater than 10,000ppb and up to 16,100ppb nickel that is 100 metres wide and 300 metres long.
“This is a priority area for drilling.”
Geology and soil and rock chip results from the Red Hill prospect. Source: Company announcement
Grab samples taken from outcrops around the Red Hill Shaft returned up to 16g/t platinum, 12.1 g/t palladium, 4.2 per cent nickel, 7.7 per cent copper, 1.3g/t gold and 221g/t silver.
Rock chip samples from a surface excavation located 100m to the south of the shaft returned up to 1g/t platinum, 2.6g/t palladium, 0.9 per cent nickel, 0.8 per cent copper, 1.8g/t gold and 3.3g/t silver.
At Simons Find, rock chip samples returned up to 0.7g/t platinum, 1.7g/t palladium, 0.4 per cent nickel, 0.1 per cent copper, 1.9g/t gold and 6.6g/t silver.
Grab samples from weathered rocks associated with some surface diggings returned up to 22 per cent copper, 0.2 per cent nickel, 0.8g/t gold and 91.1g/t silver.
“These results are very significant when compared to case studies over known nickel-copper-precious metal sulphide deposits elsewhere in the world,” Impact said.
The company indicated follow up mapping and sampling will commence within the next few weeks as detailed modelling of ground and airborne geophysical data is in progress.
Impact said it will use the results of all this work to identify drill targets for a program of RC and possibly diamond drilling due to start in the next Quarter.
Email: info@impactminerals.com.au
Website: info@impactminerals.com.au