Impact Minerals Limited (ASX:IPT) is expecting assays in early February for four drill holes containing visible silver at its Commonwealth Project in New South Wales.
The drilling is testing for a down dip extension of gold-silver mineralisation discovered in the Silica Hill Gold-Silver Prospect within the Commonwealth Project.
Visible silver minerals indicate the mineralised system extends for at least 500 metres down dip from surface.
The company is also exploring more than 90 kilometres of prospective Fortescue Group conglomerates identified within its 1,300 square kilometres licence application in the East Pilbara region.
Impact is conducting on-ground reconnaissance exploration to ascertain access conditions and to determine the best sampling approach for gold both in nugget form as well as finely disseminated gold, both of which occur in the East Pilbara.