Impact Minerals Maintains Silica Hill Standards

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THE DRILL SERGEANT: Impact Minerals (ASX: IPT) declared that further drill assays from the on-going drill program at the company’s gold-silver discovery at the Silica Hill prospect have continued to confirm and expand bulk-tonnage potential.

Silica Hill is part of Impact Minerals’ 100 per cent-owned Commonwealth project, north of Orange in New South Wales and is situated close to the near-surface high-grade massive sulphide resource at the Main Shaft deposit.

Impact has tested only 10 per cent of the target area to date close to surface.

The company added that closed spaced drilling completed to date has clarified further important structural controls on high-grade shoots as well as broad vertical and lateral metal zonation within the stockwork vein system.

Hole CMIPT063 returned intersection of:

98 metres at 0.7 grams per tonne gold and 53g/t silver (1.5g/t gold equivalent) from 58m down hole, including 31m at 1.3g/t gold and 70g/t silver (2.2 g/t gold equivalent) from 58m down hole, which included 0.6m at 0.8g/t gold and 2,090g/t silver and 0.2 per cent zinc (28.5g/t gold equivalent) from 85.4m;

0.3m at 6.2g/t gold, 149g/t silver, 8.4 per cent zinc, 3.9 per cent lead and 0.2 per cent copper (16.5g/t gold equivalent);

10m at 0.5g/t gold and 232g/t silver (4.1g/t gold equivalent) from 146m, which included 1m at 0.7g/t gold and 1,285g/t silver (18.8g/t gold equivalent) from 150m; and

1.2m at 0.3g/t gold, 37g/t silver, 1.6 per cent zinc, 1.1 per cent lead and 0.1 per cent copper (2.6g/t gold equivalent) from 166.8m.

“An initial interpretation of these results combined with detailed logging of the diamond core, shows that the overall north east trending corridor of mineralisation at Silica Hill is resolving into several mineralised domains related to east-west trending, steeply south dipping structures,” Impact Minerals said in its ASX announcement.

“The intersection of the east-west and north east trending structures appears to be a strong control on the higher grade portions and shoots of the mineralised system.

“At least two east-west structures have been identified, each over at least 400 metres of strike and both open along trend and at depth.”

Email: info@impactminerals.com.au

Website: www.impactminerals.com.au