Impact Minerals to drill new Broken Hill project targets
THE DRILL SERGEANT: Impact Minerals (ASX: IPT) has identified six targets for follow up drilling at the Red Hill prospect within the company’s Broken Hill Joint Venture project in New South Wales.
Impact recently announced a discovery of high-grade copper-nickel-platinum group metal (PGM) mineralisation at Red Hill.
The six targets – cleverly named T1 to T6 – were identified during Impact’s exploration activity carried out over the past six months.
The drilling program is expected to be completed by the end of May.
Target T1: follow up drilling at the Red Hill mine
At T1 Impact has claimed discovery of a 25 to 30 metre thick near-surface zone of mineralisation beneath the dormant Red Hill mine containing high-grade PGM’s together with nickel and copper associated with an ultramafic intrusion.
Target T2: ground electromagnetic (EM) anomaly; possible massive sulphide
Target T2 is an EM anomaly that was identified in a ground geophysical surve. It has been modelled to be at depth of about 100m below surface.
Target T3: down hole electromagnetic (EM target); possible massive sulphide
Target T3 is a small EM anomaly identified via a down-hole EM survey Impact conducted on drill hole RDH003. It lies vertically beneath the Simons Find prospect which returned rock chip samples of up to 1.1 per cent nickel, 1.9 per cent copper, 1.9 grams per tonne gold, 54g/t silver and 1.7g/t palladium.
Targets T4: rock chip geochemistry target
Impact explained the eastern side of the Red Hill intrusion is characterised by elevated copper-gold-platinum-palladium-in-soil and rock chip samples. Target T4 will be a test of the eastern contact of the intrusion with the surrounding rocks.
Target T5: Induced Polarisation anomaly
An IP anomaly has been identified at a depth of about 100m below surface in the centre of the Red Hill intrusion. The company has determined this anomaly may be caused by disseminated sulphide and/or magnetite towards the base of or below the intrusion.
Target T6: magnetic anomaly
Airborne magnetic data indicates the Red Hill intrusion extends for about 100m to the north of the last outcrop beneath a recent stream bed. This area lies at the projected intersection between the Lode Rocks of Target T2 and the intrusion and is thus similar to the location of the Red Hill mine, which is also associated with Lode Rocks close to the western edge of the intrusion.
Email: info@impactminerals.com.au
Website: www.impactminerals.com.au