logo-loader
viewImpact Minerals Ltd

Impact Minerals reveals new targets for upcoming drill program

The drill program should commence by late June subject to approvals.

Impact Minerals drill truck
Welcome Jack Trend could be part of one very large system covering 5 square kilometres

Impact Minerals Ltd (ASX:IPT) has identified new drill targets 1.5 kilometres from the Commonwealth – Silica Hill area in the Commonwealth Project in New South Wales.

The targets are along the Welcome Jack Trend and will be tested as part of the upcoming drill program.

The upcoming program will also follow up high-grade gold and silver results recently returned from the Silica Hill Prospect.

READ: Impact Minerals shares rise as drilling reveals further breakthrough at Silica Hill

New drill and rock chip assays together with an interpretation of ground gravity data were used to identify the new drill targets along the Welcome Jack Trend.

The drill program should commence by late June subject to approvals.

Welcome Jack Trend could be part of one very large system

Exploration in 2017 uncovered the Silica Hill gold-silver system, which continues to be an emerging discovery.

Notably, Impact believes the entire Commonwealth - Silica Hill – Welcome Jack Trend is part of one very large system covering at least 5 square kilometres in area.

Large areas of this system remain untested by drilling and it is evident that there is significant exploration upside in the area.

READ: Impact Minerals eyes gold-silver resource upgrade for Commonwealth project in 2018

The 100%-owned Commonwealth Project comprises 315 square kilometres of exploration licences 100 kilometres north of Orange. 

The belt is host to many major gold-silver-copper mines including the Cadia-Ridgeway deposits that contain at least 25 million ounces of gold and 5 million tonnes of copper.

Drilling results delivered to date have indicated the large scale and high-grade nature of the emerging Silica Hill gold-silver system.

Quick facts: Impact Minerals Ltd

Price: 0.008 AUD

ASX:IPT
Market: ASX
Market Cap: $10.57 m
Follow

Add related topics to MyProactive

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

NO INVESTMENT ADVICE

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...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Bulls Bears & Brokers: Martin Place Securities Barry Dawes on market highs...

Martin Place Securities executive chairman Barry Dawes speaks to Proactive about the highs and lows of the markets, and takes us through his bulls and bears outlook. Dawes says there are record highs in equity markets, bond markets are turning down again, currencies are showing trendless...

5 hours, 5 minutes ago

2 min read