Impact Minerals drilling at Silica Hill gold-silver discovery

THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has commenced follow up drilling at the high-grade gold-silver discovery at the Silica Hill prospect, part of the company’s 100 per cent-owned Commonwealth project north of Orange in New South Wales.

Impact Minerals said the drill program is to comprise up to 2,000 metres of reverse circulation (RC) and diamond drilling, of which about 500m is expected to be completed before Christmas.

The company has already intersected healthy gold and silver mineralisation in four drill holes completed so far at Silica Hill over an area of 200m by 100m down to a depth of 100m below surface and with an average true thickness of about 50m.

“The zone strikes north east and dips steeply to the south east,” Impact Minerals said in its ASX announcement.

“Importantly it appears that grade is increasing with depth.

“The mineralisation is open in all directions including up-dip and is terminated by a fault suggesting further mineralisation may have been offset.”

Impact explained the current drill program has been designed to test for extensions to this mineralisation as well as further depth extensions to the Commonwealth deposit centred about 200m south west of Silica Hill.

Email: info@impactminerals.com.au

Website: www.impactminerals.com.au