viewImpact Minerals Ltd

Impact Minerals bulk sampling will help determine likely Blackridge gold processing options

A trial program has resulted in the collection of about 8.5 tonnes of samples for wet processing tests.

Digging conglomerate samples from the Blackridge project
Gathering samples from a free-digging conglomerate at Blackridge

Impact Minerals Limited (ASX:IPT) has completed a trial bulk sampling program at the Blackridge conglomerate-hosted gold project in central Queensland with about 8.5 tonnes of samples collected.

The samples cover the likely range of ore processing properties with suitable examples to be wet processed in a facility in Queensland within a month.

They were collected at or near the gold-bearing contact (unconformity) between an upper younger unit of Permian conglomerates and a lower unit of schist, part of the older Anakie Metamorphic Group.

Samples were chosen on the basis of the presence of gold nuggets discovered by prospectors and also for their rock mechanics properties to help determine likely processing routes for larger sampling programs.

Three main sample types have been identified – free-digging samples; hard indurated (solid) rock; and clay-rich samples – with the majority comprising free-digging material of friable conglomerate.

It is evident that large volumes of this material are present on Impact’s licences.

Examples of sample sites at Blackridge including samples taken from previous workings.

Impact said that further consideration would be given to the other sample types in due course.

Pilbara comparisons

Work in the emerging conglomerate-hosted gold province of the Pilbara in WA has shown that very large samples may need to be processed in order to overcome the significant ‘nugget effect’.

This is a major factor in the exploration for this style of deposit and Impact has shown that the nugget effect was an important factor in previous Blackridge exploration drilling.

READ: Impact Minerals substantial shareholder lifts interest to 14.4% with on-market trades

Blackridge now includes a granted mining lease and four mining lease applications.

An appropriate plan of operations and approval of the applications will allow the collection of very large samples and early trial mining if results warrant.

Scientific research confirms gold mineralisation comprises hydrothermal fine gold as well as larger transported nuggets suggesting conventional resource calculations may be possible.

READ: Impact Minerals gains fully granted gold mining lease within Blackridge project

The 91 square kilometre project also includes a newly acquired mining lease, ML2836, which lies in the centre of the project area.

Location and geology of the Blackridge project, north of Clermont.

This lease, which is fully granted, will be acquired from a local prospector for a cash payment of $30,000 and replacement of environmental bonds of around $7,000.

It is subject only to Ministerial consent, which is expected within about four weeks.

Progress on applications

Progress has also been made on the grant of the four MLA’s under option from Rock Solid Holdings Pty Ltd as well as the compensation agreement with the landowner.

Native Title negotiations are also underway.

Work will begin on these leases and the exploration licences as soon as these arrangements are completed.

Impact’s work at Blackridge is concurrent with drill programs at the flagship Commonwealth project in NSW.

Quick facts: Impact Minerals Ltd

Price: 0.024 AUD

Market: ASX
Market Cap: $42.63 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...



Highfield Resources 'has the key ingredients' for its potash project to be...

Highfield Resources Ltd (ASX:HFR) (FRA:23H) CEO Ignacio Salazar speaks to Proactive's Andrew Scott nearly a month into his new role as chief executive. He says the company has the key ingredients for a mining company to be built and successful ... it's a great location, a commodity with a good...

1 day, 3 hours ago

3 min read