Impact Minerals Expands Platinum Springs PGE-Copper-Nickel

THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has encountered further high-grade assays for platinum group elements (PGE) at the company’s 100 per cent-owned Broken Hill project in New South Wales.

Impact Minerals reported the PGM assay results came with associated copper and nickel that has expanded the mineralised footprint at the Plat Central and Plat East prospects, part of the Broken Hill project.

Plat Central and Plat East form part of the larger Platinum Springs area at the southern end of a nine kilometre long, ultramafic to mafic Moorkai Trend characterised by extensive high-grade PGM-copper-nickel in rock chip samples but which has been very poorly explored.

Impact’s recent drilling has identified a second channel at Plat Central and a further channel at Plat East, all three of which are open along trend, both up and down plunge.

“In addition, high-grade PGM-copper-nickel mineralisation has been identified for the first time within the host ultramafic unit which, together with numerous thick intercepts of lower grade mineralisation throughout the ultramafic, support the potential for a larger bulk mining opportunity should further drilling be successful,” the company said in its ASX announcement.