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Impact Minerals plans new massive sulphide drill targets

Published: 13:30 25 May 2017 AEST

NSW-757
The new area is called the Main Shaft North Prospect

Impact Minerals (ASX:IPT) has identified specific drill targets at Main Shaft North, within its100%-owned Commonwealth Project located 100 kilometre north of Orange in New South Wales.

These targets have the potential to significantly extend the high grade gold-silver-zinc-lead-copper massive sulphide mineralisation that forms part of the Commonwealth deposit.

The new targets have been generated and prioritised for drilling from a detailed interpretation of induced polarisation (IP) conductivity data and from soil geochemistry data.

The targets occur at depth below and along trend from Main Shaft which lies at the northern end of the Commonwealth deposit.

Accordingly this new area is called the Main Shaft North Prospect.

In 2016 Impact made a high grade gold-silver discovery at the Silica Hill Prospect within the Commonwealth project.

Drilling at Silica Hill discovered gold and silver grading up to 3,600 g/t silver and 23 g/t gold over an area of 200 metres by 100 metres down to a depth of 120 metres below surface.

A significant drill program to test these new anomalies and those identified at Silica Hill and also at Welcome Jack will commence on the completion of the share purchase plan which is currently underway.

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