Impact Minerals extends Commonwealth drilling program
THE DRILL SERGEANT: Impact Minerals (ASX: IPT) announced an extension to the ongoing reverse circulation (RC) and diamond drill program to be undertaken at the company’s 100 per cent-owned Commonwealth project, located north of Orange in New South Wales.
The company said the program will be extended by about 25 per cent to follow up recent encouraging assay results achieved at the Silica Hill, Walls and Commonwealth prospects.
“The drill program is testing a number of targets identified by Impact at four separate locations: the Commonwealth deposit, Silica Hill, the Walls- Welcome Jack Trend, and Doughnut,” Impact Minerals said in its ASX announcement.
“The program has been delayed significantly by heavy rainfall that has affected the area over the past six weeks.”
Impact has identified three new drill targets at Silica Hill following the recognition of two important controls to the higher grade mineralisation in the Silica Hill-Commonwealth deposit area together with assays from recent drill holes.
Two of the targets will be drilled as part of the current program with the third area likely to require a new drill permit from the NSW Department of Mines.
The company indicated ongoing studies have suggested the mineralisation at Silica Hill and Main Shaft may be linked at depth.
“There is a clear overlap in the nature and style of mineralisation, in particular silver, as well as the alteration minerals between the two prospects,” Impact said.
“Areas where the two styles of mineralisation connect will be priority target areas.”
A recent maiden drill hole at the Walls prospect, 1.2 kilometres east of Commonwealth identified a 20 metre thick zone (true width) of gold and silver mineralisation.
Impact explained the Walls prospect lies at the southern end of the Welcome Jack Trend, which extends over a strike length of at least one kilometre and has not been previously drill tested.
“The maiden drill result is highly encouraging for the discovery of further high-grade gold-silver mineralisation and indicates the potential for near surface open pit resources at Walls,” Impact said.
“Up to four RC holes will be completed to test the mineralisation along trend.”
Email: info@impactminerals.com.au
Website: www.impactminerals.com.au