THE DRILL SERGEANT: Impact Minerals (ASX: IPT) signalled its exploration intentions with work to be ramped up over the next six months at four of the company’s 100 per cent-owned gold and base metal projects across Australia.
Impact Minerals has drill programs planned for the Commonwealth gold-silver-base metal project in New South Wales, the Clermont gold project in Queensland and the Mulga Tank gold and nickel project in Western Australia.
The work will also entail the first bulk samples taken at the Blackridge conglomerate gold project in Queensland, in which Impact recently acquired an option to earn 95 per cent.
“Following a recent strategic review of the company’s projects, eleven of the most prospective targets for gold and other metals across the exploration portfolio will be drill tested,” Impact Minerals said in its ASX announcement.
“Work will commence at Commonwealth and Clermont with drill rigs likely to be operating concurrently before moving on to Mulga Tank and Blackridge by about September-October.”
At Commonwealth, all statutory approvals are in place to commence follow up drilling at the Silica Hill Prospect where gold and very high-grade silver intercepts were returned from the previous drill program.
At Clermont follow up RC and diamond drilling is planned at five targets to test previous high-grade drill intercepts and rock chip and soil geochemistry anomalies.
At Mulga Tank in Western Australia, Impact has identified a number of gold and nickel targets for follow up work.
At the Blackridge conglomerate gold project also located near Clermont in Queensland, bulk samples will be taken at several places along the mineralised unconformity between the gold-bearing sedimentary units and the underlying basement.
A few drill holes may also be completed.