THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has identified four undrilled priority prospects for porphyry copper-gold deposits at the company’s 100 per cent-owned Commonwealth project in the copper-gold Lachlan Fold Belt in New South Wales.
Impact Minerals said the prospects had all been identified along trend from and close to the recent Boda discovery of Alkane Resources, where drilling is in progress.
The company claimed all four prospects have characteristics suggesting they are parts of large porphyry or other intrusive-related copper-gold systems.
The Boda South prospect is the company’s highest priority as it lies south of the Boda discovery hole along the same parent intrusion to the copper-gold mineralisation which extends at least 500 metres onto Impact’s ground.
The area is unexplored because of thin alluvial cover.
The Greenobbys prospect comprises a gold-silver-pathfinder metal quartz vein system associated with circular and linear magnetic anomalies and rock chip assays up to 9 grams per tonne gold and 215g/t silver.
The Apsley prospect has strong similarities to Boda and comprises numerous magnetic anomalies in the same aged rocks and with rock chip assays of up to 8.1 per cent copper and 13.1g/t silver.
The Spicers Creek prospect returned rock chip assays of up to 1.45g/t gold and 7.8 per cent copper.
“This new data has reinforced Impact’s belief that its tenements in the Lachlan Fold Belt are very prospective for the discovery of a major porphyry copper gold deposit,” Imapct Minerals said in its ASX announcement.
“Follow up field work has commenced this week on the four priority prospects with further more detailed field checking and rock chip sampling planned.
“The results of this work will be used to help prioritise targets for ground geophysics and drilling as soon as practicable.”