Impact Minerals Identifies New Priority Drill Targets

THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has identified specific drill targets it believes to have potential to extend high-grade gold-silver-zinc-lead-copper massive sulphide mineralisation that forms part of the Commonwealth deposit at the company’s 100 per cent-owned Commonwealth project north of Orange in New South Wales.

Impact Minerals said the targets occur at depth below and along trend from Main Shaft, which lies at the northern end of the Commonwealth deposit in a new area called the Main Shaft North prospect.

The company generated the new drill targets from a detailed interpretation of three lines of Induced Polarisation (IP) conductivity data and from soil geochemistry data.

Impact said the IP conductivity anomalies may represent massive sulphide bodies, such as that found at Main Shaft at the northern end of the Commonwealth deposit, where a relatively small massive sulphide lens about 50 metres by 50 metres by about 8 metres thick in size has an Inferred Resource of 145,000 tonnes at 4.5 grams per tonne gold, 4.8 per cent zinc, 1.7 per cent lead and 0.2 per cent copper (10g/t gold equivalent for 47,000 ounces of gold equivalent).

“The nature and location of the IP conductivity anomalies and their coincidence with strong lead-zinc-copper-in-soil anomalies is very encouraging for the discovery of further high-grade massive sulphide mineralisation,” Impact Minerals said in its ASX announcement.

“These new targets lie up to 200 metres west of and are separate to, other recently identified drill targets in IP chargeability data at the nearby Silica Hill prospect where Impact has discovered high-grade gold-silver mineralisation.

“The chargeability anomalies may represent disseminated sulphides.”

Email: info@impactminerals.com.au

Website: www.impactminerals.com.au