viewImpact Minerals Ltd

Impact Minerals begins follow-up drilling for gold and silver at Commonwealth Project

Significant results delivered thus far from Silica Hill continue to demonstrate the potential for bulk mining.

drill rig on site
Current resource of 720,000 tonnes at 2.8 g/t gold and 48 g/t silver

Impact Minerals Limited’s (ASX:IPT) follow-up drill program to test the depth extent of high-grade gold and silver at the Silica Hill prospect is now underway at its Commonwealth Project in New South Wales.

Silica Hill Prospect: Geology, drill hole locations and recent significant results. The mineralisation is open and large areas remain to be drill tested.

The drill holes are targeted at the down dip and down plunge extension of the southern and northern mineralised zones identified either side of a porphyry unit within the Silica Hill rhyolite.

READ: Impact Minerals has further evidence of large gold and silver system at Silica Hill

The southern mineralised structure has good grade and geological continuity over a strike extent of at least 150 metres and recently returned high-grade gold and very high-grade silver results.

This includes an intersection of 22.5 metres at 1.7 g/t gold and 276 g/t silver from 166.7 metres down hole.

The northern mineralised zone, whilst of lower grade, also demonstrates very good continuity and recently returned a very thick intercept.

READ: Impact Minerals steps up exploration across gold and base metal projects

The robust and significant results delivered thus far from Silica Hill continue to demonstrate the potential for bulk mining and to significantly increase the resources at the Commonwealth Project.

The Commonwealth resource currently stands at 720,000 tonnes at 2.8 g/t gold, 48 g/t silver, 1.5% zinc and 0.6% lead.

Quick facts: Impact Minerals Ltd

Price: 0.008 AUD

Market: ASX
Market Cap: $10.57 m

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