viewImpact Minerals Ltd

Impact Minerals Ltd identifies new targets to drill at Commonwealth


Impact Minerals Ltd (ASX:IPT) has identified three new targets at the Silica Hill Prospect, and two new targets close to the Commonwealth deposit, which are all part of the wholly-owned Commonwealth gold-silver-zinc-lead-copper project in New South Wales.

The prospects, together with the Welcome Jack and Doughnut Prospects will be drill tested immediately following the closure of the current Share Purchase Plan (SPP).

The SPP will raise $1 million, and is fully underwritten by Patersons Securities Limited.

The drilling program will comprise both reverse circulation and diamond over 3000 metres.

Recently at the project, Impact identified at least three undrilled and open south plunging ore shoots.

This provides Impact with potential to add to Commonwealth’s already established resource of 100,000 ounces of gold equivalent.

The new targets are to be tested as part of an extensive drill program to be undertaken in the June quarter.

This could increase the size of known resource at the Commonwealth deposit and identified several new nearby targets for similar deposits of high grade massive sulphide.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

Quick facts: Impact Minerals Ltd

Price: 0.014 AUD

Market: ASX
Market Cap: $21.77 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: Medallion Resources names mining veteran Mark Saxon as new...

Medallion Resources (CVE: MDL- OTCPK: MLLOF) Chief Executive Officer Mark Saxon joined Steve Darling from Proactive Vancouver with details about his new role with the company. Saxon taking over the top job after Don Lay stepped away to become a strategic advisor. Saxon telling Proactive what...

14 hours, 29 minutes ago

2 min read