Impact Minerals identifies new Mulga Tank targets

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THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has been busy at the company’s Mulga Tank project north east of Kalgoorlie in Western Australia.

The company has identified twelve new priority target areas for nickel-copper and copper-gold deposits in previous soil geochemistry data covering a part of the Mulga Tank project.

Impact identified the new targets from a review of a broad spaced ionic leach soil geochemistry survey covering the central part of the 425 square kilometre project area.

 

Image of magnetic data over the Mulga Tank project showing the
location of the new targets identified in the soil geochemistry data.
Source: Company announcement

 

Six of the targets occur on the west side of the project area, along strike and adjacent to the Mulga Tank Dunite where Impact recently discovered nickel and copper mineralisation under about 50 metres of transported cover in its maiden drill programme on E39/988 (Impact 20 per cent and earning 70 per cent from Golden Cross Resources Limited).

Drill intercepts included:

Hole MTD011
114.8 metres at 0.3 per cent nickel from 98 metres including 2 metres at 1.3 per cent nickel;

0.5m at 1.2 per cent nickel from 211m; and

0.6m at 0.7 per cent nickel from 181 m.

Hole MTD004

0.75m at 0.85 per cent nickel, 0.35 per cent copper and 0.24g/t PGE; and

6.7m at 0.5 per cent nickel.

Impact explained the mineralisation, which occurs over an area of at least 15sqkm, occurs below elevated nickel-in-soil and copper-in-soil values.

“This suggests that nickel and copper ions are migrating to the surface through the transported cover and are detected by the ionic leach soil geochemistry technique, which is proprietary to ALS Global Laboratories,” the company said in its ASX announcement.

“Some of the strongest soil responses, up to 2,670ppb nickel and 4,830ppb copper and 4.5ppb gold occur in the north west corner of E39/988.

“These values are significantly elevated above the regional background values for these metals.

“The anomalies are open to the north west along a 10 kilometre strike extent of the greenstone belt within the project area that has not been soil sampled.”

Impact indicated the six other targets occur on the east side of the project area, which it considers to indicate potential for copper and gold mineralisation.

This area has been subjected to limited aircore drilling and data from this work is currently being compiled.

Email: info@impactminerals.com.au

Website: www.impactminerals.com.au