Proactive Investors - Run By Investors For Investors

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.

View full IPT profile View Profile

Impact Minerals Ltd Timeline

Related Articles

Gold
March 20 2019
The company aims to unlock the potential of Japan’s gold resources
The Predictive-Toro joint venture projects are in the country’s north
February 22 2019
The company’s JV with Toro is producing results on the exploration front.
Silver Cloud project
July 04 2019
The firm's Silver Cloud project lies on a rich gold belt, near the confluence of the Carlin Trend and the Northern Nevada Rift in north-central Nevada

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use