Impact Minerals Extends Silica Hill Drill Program

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

Impact Minerals indicated the drilling was extended following the receipt of high-grade silver assays from Hole CMIPT56 that supplement the previously reported thickest and highest-grade gold intercept returned thus far from the prospect.

Final assays, including silver, for RC hole 56, have identified a deeper gold-silver rich zone and a shallower silver-rich zone to the mineralisation, like that seen in previous drill holes from Silica Hill.

The deeper gold-silver rich zone returned the following intercepts from about 100 metres below surface:

20 metres at 3.3 grams per tonne gold and 53g/t silver (4g/t gold equivalent) from 149m down hole, including 15m at 4g/t gold and 61g/t silver (5.5g/t gold equivalent) from 152 m.

Which includes:

4m at 1.8g/t gold and 217g/t silver (4.7g/t gold equivalent) from 152m and 3m at 10.4g/t gold and 20g/t silver (10.7g/t gold equivalent) from 160m.

The shallower silver-rich zone returned the following intercepts from about 30m below surface:

12m at 0.3g/t gold and 64g/t silver (1.1g/t gold equivalent) from 46m down hole, including 3m at 0.4g/t gold and 270g/t silver (3.9g/t gold equivalent) from 47m and 2m at 0.1g/t gold and 158g/t silver (2.2g/t gold equivalent) from 56m.

“These results confirm the high-grade nature of both gold and silver at Silica Hill and also show there is a broad zonation from gold-rich to silver-rich parts of the large mineralised system,” Impact Minerals said in its ASX announcement.

“These results and also the extensive silver and base metal-rich veins discovered in Holes 61 and 63, where assays for all metals including gold are still awaited, has led to an expansion of the current drill program by at least a further 500 metres of diamond drilling.”

The expanded drill program will continue to test the north-eastern extension of the mineralised trend.

Email: info@impactminerals.com.au

Website: www.impactminerals.com.au