Impact Minerals Approved for Commonwealth Drill Program

THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has received all statutory environmental approvals for a follow up drill program to be conducted at the company’s 100 per cent-owned Commonwealth project, north of Orange in New South Wales.

Impact Minerals said clearing of access tracks and drill pads will commence this week with drilling scheduled to commence on completion of a current Share Purchase Plan.

“The drill program will test a significant number of targets along trend and at depth from the high-grade mineralisation discovered in the Commonwealth-Silica Hill area as well as new targets in the immediate surrounding areas,” Impact Minerals explained in its ASX announcement.

The Commonwealth project forms part of Impact’s 100 per cent-owned land holding of 1,000 square kilometres in the Lachlan Foldbelt, home to numerous gold and copper mines including the giant Cadia deposit near Orange.

Impact has intersected silver mineralisation at Silica Hill in previous drilling of six drill holes across and of 200 metres by 100m down to a depth of 120m below surface and with an average true thickness of at least between 50m and 70m.

The mineralisation Impact has previously encountered is open in all directions including up dip with four drill holes out of the six having returned gram-times-metre intercepts of more than 100 gram.metres.

Impact considers these to be robust results for potential bulk mining, saying they indicate the potential to increase the resources at the Commonwealth project, which currently stand at 720,000 tonnes at 2.8 grams per tonne gold, 48g/t silver, 1.5 per cent zinc and 0.6 per cent lead.

Email: info@impactminerals.com.au

Website: www.impactminerals.com.au