Impact Minerals encounters 70m zone of mineralisation

THE DRILL SERGEANT: Impact Minerals (ASX: IPT) was suitably excited by the intersection of a 70 metre thick zone of vein and disseminated sulphide mineralisation in its third well-mineralised drill hole at the emerging Silica Hill prospect.

Silica Hill is located within the company’s 100 per cent-owned Commonwealth project, 100 kilometres north of Orange in New South Wales.

The newly-encountered mineralised zone was recorded in hole CMIPT046, starting near surface at 33 metres down hole and extending to 103m down hole.

Impact claimed it contains extensive visible silver minerals both within the veins and as disseminations in the surrounding rock.

An added bonus, for the first time at Silica Hill, extensive disseminated molybdenum is present over a 20m thick interval from about 50m down hole.

Impact pointed out the intercept is situated between 20m and 50m away from an earlier 68m thick intercept the company made in discovery hole 043.

It declared that, together with a nearly 50m thick intercept from hole CMIPT011, high-grade silver with gold mineralisation has now been confirmed over an area of 100m by 100m and down to a depth of 100m below surface.

“Silica Hill continues to grow,” Impact Minerals managing director Dr Mike Jones said in the company’s announcement to the Australian Securities Exchange.

“This third significant drill hole has confirmed and extended the thick zone of silver mineralisation discovered in Holes 043 and 011 and shows that in this area the mineralised zone we have discovered has a true thickness of at least 50 metres.

“Importantly for any future possible mining operation, the mineralisation is coming close to surface which means there is now open pit potential.”

Email: info@impactminerals.com.au

Website: www.impactminerals.com.au