Impact Minerals identifies nickel sulphide targets at Mulga Tank project
THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has completed a review of the company’s Mulga Tank nickel project near Kalgoorlie in Western Australia.
Impact said the review has demonstrated the project’s potential for further massive nickel sulphide mineralisation and has identified two priority areas for immediate follow up.
The company said the review and synthesis of previous exploration data from Mulga Tank had confirmed its view the project is highly prospective for both nickel and gold deposits.
Impact considers the mineralisation at Mulga Tank to be similar to bulk tonnage nickel deposits found at Mount Keith near Leinster, WA and the Dumont deposit in Quebec, Canada, as well as high-grade nickel sulphide deposits similar to those at the nearby major WA mining centres of Kambalda and Forrestania.
Location of the Mulga Tank project and significant nickel sulphide
deposits (red dots) including the world class Mount Keith and
Perseverance deposits. Source: Company announcement
“The results of the review have given us further confidence in Mulga Tank’s potential to host high-grade massive nickel sulphide deposits,” Impact Minerals managing director Dr Mike Jones said in the company’s announcement to the Australian Securities Exchange.
“The review also identified two very significant target areas for priority follow up, and ground geophysical surveys are scheduled to commence in June to identify drill targets.”
Upcoming work for Mulga Tank includes a detailed program of re-logging and sampling of the diamond core, and a moving loop ground EM survey over the dunite to identify conductive anomalies the company thinks may represent massive sulphide mineralisation near the interpreted feeder vents.
The results of this work will be used to prioritise drill targets for a drill program scheduled to commence later in the year.
Impact Minerals is earning 50 per cent of Mulga Tank, which is located 200 kilometres northeast of Kalgoorlie and covers 50km strike of the under-explored Minigwal Greenstone Belt.
The company is purchasing the rights to the current Mulga Tank joint venture from Endeavour Minerals in a joint transaction with Impact’s 75 per cent-owned company, Invictus Gold (ASX:IVG).