Impact extends Commonwealth mineralisation

THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has received further assays from the maiden drill program underway at the company’s Commonwealth project, located north of Orange in New South Wales.

Impact claims the results have confirmed high-grade extensions to the deposits at the Main Shaft and the Commonwealth South prospects.

The company explained the drilling was designed to test a number of geophysical and geochemical target, including possible extensions to the known mineralisation both along trend and at depth.

Main Shaft

Extension to massive sulphide mineralisation:

6 metres at 7 grams per tonne gold, 383g/t silver, 8.5 per cent zinc, 3.2 per cent lead and 0.3 per cent copper from 59m, including:

1m at 14g/t gold, 279g/t silver, 2.4 per cent zinc and 2.9 per cent lead from 60 m;

1m at 11g/t gold, 509g/t silver, 11.2 per cent zinc and 3 per cent lead from 62 m; and

1m at 5g/t gold, 687g/t silver, 17.7 per cent zinc, 7.1 per cent lead, 0.7 per cent copper at 64 m;

Confirmation of high-grade mineralisation in previously known mineralisation:

10m at 6.8g/t gold, 216g/t silver, 15 per cent zinc, 3.4 per cent lead and 0.3 per cent copper from 51m, including:

1m at 23g/t gold, 311g/t silver, 7.4 per cent zinc and 4.5 per cent lead from 52 m; and

1m at 7.9g/t gold, 264 g/t silver, 25 per cent zinc and 3.4 per cent lead from 55 m.

Identification of possible copper-dominant ‘feeder zone’ at depth:

31m at 0.13 per cent copper and 5g/t silver from 209m, including:

1m at 1 per cent copper, and 14g/t silver from 210 m; and

1m at 0.7 per cent copper, 1.1 per cent zinc, 0.4 per cent lead, 31g/t silver and 0.4g/t gold from 218m.

Commonwealth South

Further extension of known mineralisation:

5m at 5.2g/t gold, 18g/t silver, 0.8 per cent zinc and 0.2 per cent lead from 94m, including:

1m at 16g/t gold, 27g/t silver, 0.6 per cent lead and 1.3 per cent zinc.

Further confirmation of near surface bulk mineable widths of mineralisation:

35m at 1g/t gold, 15g/t silver, 0.8 per cent zinc and 0.2 per cent lead from 21.4 m, including:

2m at 4g/t gold from 21.4m;

6.1m at 0.8g/t gold and 2.4 per cent zinc from 23.9 m; and

3.4m at 4.8g/t gold, 26g/t silver, 2.3 per cent zinc and 0.5 per cent lead from 51.6m.

“These results are very encouraging for the discovery of a significant deposit at Commonwealth,” Impact minerals managing director Mike Jones said in the company’s announcement to the Australian Securities Exchange.

“This is the first systematic drill program beneath the near surface high-grade mineralisation and our intention was to try to define the orientation of the mineralisation in order to allow further step out drilling at depth.

“This is being achieved.

“The first discovery of massive sulphide mineralisation at Commonwealth South is also very exciting for Impact with the potential for further extensions to the south and at depth.

“Further permitting will be required for extra drilling and we have started preparing the required documentation for a follow up drill program.”

Heavy rain recently prevented access to the drill sites for a number of days in the past two weeks.

A further three shallow diamond drill holes remain to be completed and Impact indicated further assays are expected progressively over the next few weeks, which will include assays from Silica Hill.

Email: info@impactminerals.com.au

Website: www.impactminerals.com.au