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Impact Minerals Ltd

Impact Minerals active on five projects over next six months

Impact Minerals Ltd (ASX:IPT) managing director Dr. Mike Jones speaks to Proactive Investors about various drill programs, and also provides updates on the company's project portfolio as a whole, following some asset sales and acquisitions.

A step-out drilling program is underway at the Silica Hill prospect of the gold-silver-base metal Commonwealth Project in NSW. The Clermont gold project in Queensland is officially coming off the back burner in the coming days, with five targets due to be drilled. In the coming months, drilling will also recommence at the gold and nickel Mulga Tank Project in Western Australia.

The project generation company recently sold its least advanced Pilbara conglomerate-hosted gold project to Pacton Gold Inc (CVE:PAC), garnering shares in the Canadian exploration company in the process. It has also picked up an 18-month option on a historical conglomerate-hosted project in Queensland, with plans to commence survey and sampling work in the next quarter.

Jones is a geologist specialised in conglomerate-hosted gold, having completed his PhD studying this style of mineralisation.

Quick facts: Impact Minerals Ltd

Price: $0.01

Market: ASX
Market Cap: $10.57 m
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