Impact Minerals hits high-grade extensions at Commonwealth
THE DRILL SERGEANT: Impact Minerals (ASX: IPT) continues to receive encouragement from a drill program currently underway at the company’s 100 per cent-owned Commonwealth project in New South Wales.
Impact is undertaking up to 3,000 metres of drilling testing a number of targets it has identified at four separate locations: the Commonwealth deposit, Welcome Jack Trend, Silica Hill and Doughnut.
Drilling at the Commonwealth deposit has intersected high-grade extensions 30m down plunge of the Commonwealth resource with results in massive sulphide at Main Shaft including:
7 metres at 6.3 grams per tonne gold, 496g/t silver (15.9 ounces), 7.2 per cent zinc, 2.9 per cent lead and 0.2 per cent copper (17.7g/t gold equivalent) from 91m, including 3m at 10.6g/t gold, 571g/t silver (18.4 ounces), 7.8 per cent zinc, 2.1 per cent lead and 0.2 per cent copper (23g/t gold equivalent) from 92m, and also including 1m at 2.5g/t gold, 979g/t silver (31.5 ounces), 8.3 per cent zinc, 4.4 per cent lead and 0.1 per cent copper (21.4g/t gold equivalent) from 95m.
Further high-grade intersections were encountered at Commonwealth South of 15m up dip and 40m down plunge and along trend including:
2.6m at 10.3g/t gold, 55.7g/t silver (1.8 ounces), 2.5 per cent zinc and 0.9 per cent lead (12.6g/t gold equivalent) from 88.1m, including 0.9m at 23.3g/t gold, 94.6g/t silver (3 ounces), 3.6 per cent zinc and 1.6 per cent lead (27.1g/t gold equivalent).
Impact said assays had confirmed its interpretation that high-grade mineralisation remains open down plunge with further drilling required.
“These results clearly demonstrate the potential for a significant increase to the Inferred Resource at Commonwealth,” Impact said in its ASX announcement.
A maiden drill hole at the Walls prospect on the Welcome Jack Trend located 1.2km east of Commonwealth has demonstrated potential for new near surface resources with highlights including:
20m at 0.5g/t gold and 27g/t silver (1g/t gold equivalent) from 55m, including 12m at 0.7g/t gold and 42g/t (one and a half ounces) of silver (1.3g/t gold equivalent), including 1m at 2.9g/t gold and 144g/t silver and 1.1 per cent zinc (5.7g/t gold equivalent).
Impact indicated further drilling was required along trend and at depth at Walls, which is to be undertaken in the current program.
The company still has drilling in progress with assay results expected from Silica Hill with other high priority drill targets to be tested including gravity anomalies at Commonwealth South and Doughnut.
Email: info@impactminerals.com.au
Website: www.impactminerals.com.au