Impact Minerals Drilling at Clermont Gold Project

THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has commenced drill testing of five target areas at the company’s 100 per cent-owned Clermont gold project located in the southern part of the Drummond Basin in Central Queensland.

Impact Minerals identified the targets via geophysical and geochemical data.

The project lies 30 kilometres south of the town of Clermont and about 50km south of Impact’s recently acquired Blackridge conglomerate-hosted gold project.

“A recently completed gradient array Induced Polarisation (IP) survey has identified multiple coherent northeast trending linear resistivity anomalies that coincide in part with numerous outcrops of gold-bearing quartz veins,” Impact Minerals said in its ASX announcement.

“The resistivity data suggests that the quartz veins extend over a strike length of at least 6,000 metres.”

Impact has taken 98 rock chip samples from variably gossanous quartz veins over the 6,000 metres of strike that returned assays of up to 8.1 grams per tonne gold with 35 samples returning assays of more than 0.1g/t gold and 10 returning assays greater than 1g/t gold.

“A review of an MMI soil geochemistry survey completed by Impact in 2012 showed that the linear resistivity anomalies are coincident with elevated gold, silver and lead in soil values as well as elevated copper to the north and zinc to the east,” the company said.

“The IP data together with the soil and rock chip geochemistry data have been used together with previous drilling data where appropriate to identify five priority areas for drilling.”

The Clermont gold project is located in the southern part of the Drummond Basin, which Impact described as being a prolific epithermal gold-silver belt hosting several world class gold deposits such as Pajingo (Vera-Nancy) (greater than 5 Moz), Mt Leyshon (greater than 3 Moz) and Mt Wright (greater than 1 Moz).