Impact Minerals Confirms Further Commonwealth South Gold Mineralisation

THE DRILL SERGEANT: Impact Minerals (ASX: IPT) announced high-grade assay results from the final two of eight diamond drill holes completed at the company’s 100 per cent-owned Commonwealth project, located north of Orange in New South Wales.

Impact Minerals said the latest results confirmed extensions to the mineralisation at the Commonwealth South prospect at the southern end of the Commonwealth deposit.

Assays from the two diamond drill holes at Commonwealth South confirmed extensions to near the surface resource both along trend and at depth:

Hole 086
8 metres at 5.1 grams per tonne gold, 20g/t silver, 1.3 per cent zinc and 0.5 per cent lead from 94 metres down hole, including 5m at 7.7g/t gold, 25g/t silver 2.1 per cent zinc and 0.7 per cent lead, which includes 0.5m at 34.3g/t gold, 40g/t silver, 5.8 per cent zinc and 2.3 per cent lead from 97.6 metres; and

Hole 087
6m at 1.5g/t gold, 22g/t silver, 0.7 per cent zinc and 0.2 per cent lead from 96.8 metres down hole, including 0.35m at 8.9g/t gold, 21g/t silver, 3.5 per cent zinc and 0.6 per cent lead.

Impact Minerals indicated a second lower zone of mineralisation was intersected from about 115 metres down hole with increasing gold grades at depth which is open.

Hole 087 in this zone returned 5m at 1.2g/t gold within a 12m thick zone of anomalous gold, silver, lead and zinc.

“The results have materially extended the down plunge extent of high-grade mineralisation at the southern end of the Commonwealth deposit, beyond the extent of the current resource outline,” Impact Minerals said in its ASX announcement.

“The results also further demonstrate that the deposit contains numerous narrow high-grade veins commonly carrying grades of between 10 grams per tonne and more than 30 grams per tonne gold.”