Impact encounters six mineralised zones with first hole

THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has completed the first hole of a maiden drill program underway at the company’s Red Hill prospect near Broken Hill in New South Wales.

The company claims the hole has intersected a 30 metre wide zone containing high-grade nickel and copper in six separate zones.

Impact described the six vein and breccia-style zones all to be up to four metres thick (total width of about 15 m) and occur from 46m to 76m down-hole in diamond drill hole RDH001.

They contain a mixture of nickel and copper sulphide, oxide and carbonate minerals together with pyrite and pyrrhotite.

Impact has used a hand held XRF instrument to analyse the drill core at 50cm intervals through the mineralised zone, which has shown the nickel results to be commonly in the range from one per cent to three per cent nickel in weathered material and up to 8 per cent nickel in fresh sulphide minerals.

Copper results are commonly in the range of 0.3 per cent to 5 per cent copper in weathered material and up to 20 per cent copper in sulphide mineral.

Detailed logging of the diamond core is in progress with assays expected in 3 to 4 weeks.

A second drill hole designed to test a nearby IP anomaly is also nearing completion.

“This is a very encouraging start to our maiden 1000 metre drill program at the Broken Hill project,” Impact Minerals managing director Dr Mike Jones said in the company’s announcement to the Australian Securities Exchange.

“The high-grade copper and nickel results from the XRF, although occurring in the weathered zone, are indicative of the potential for high-grade sulphides at depth.

“The narrow zones of massive nickel and copper sulphide we have discovered may have been remobilised from a larger body of sulphide at depth and further drilling is required.

In addition, significant platinum palladium gold and silver grades were mined from the old Red Hill workings and we look forward to seeing if these continue at depth when the assays are received in about three to four weeks.”

Email: info@impactminerals.com.au

Website: www.impactminerals.com.au