Impact Minerals Identifies Nickel-Copper-PGM Potential Along Rockwell-Little Broken Hill Trend

THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has identified eight areas for follow up exploration for high-grade deposits of nickel-copper-platinum group metals (PGM)-cobalt from a helicopter-borne VTEM survey over the Rockwell to Little Broken Hill Trend within the company’s 100 per cent-owned Broken Hill project in New South Wales.

Impact Minerals explained the eight areas are spread along the Trend and are situated within or at the margins of an maficultramafic complex the company has interpreted, from regional magnetic and gravity data, to be about eight kilometres long and up to 750 metres wide.

The areas contain numerous clusters of conductors of varying strength, Impact considers to be consistent with the expected response for the style of very high-grade nickel-copper-PGM sulphide mineralisation it is exploring for and has discovered at the Red Hill and Platinum Springs prospects to the north.

Earlier drilling at Red Hill returned encouraging grades, including a stand out intercept of:

1.2 metres at 283 grams per tonne (9.1 ounces) platinum equivalent comprising 10.4g/t platinum, 10.9g/t gold, 254g/t (9.5 ounces) palladium, 7.4 per cent nickel, 1.8 per cent copper, 19g/t silver and 0.5 per cent cobalt in vein hosted sulphide.

“Further interpretation and modelling of the VTEM data is in progress and follow up ground work will commence once completed,” Impact Minerals said in its ASX announcement.

“This work will include field checking, surface geochemical sampling and ground geophysical surveys where required to identify targets for drilling.

“Any targets identified will be drill tested together with follow up drilling at Red Hill.

“The VTEM survey along the Moorkai Trend will be completed later in the year.”

Email: info@impactminerals.com.au

Website: www.impactminerals.com.au