Impact Minerals Ltd

Impact Minerals will be sampling at new Blackridge Gold Project 'almost straight away'

Impact Minerals Ltd (ASX:IPT) managing director Dr. Mike Jones speaks to Proactive Investors about the acquisition of a mining lease at the Blackridge Gold Project in central Queensland. The explorer recently completed the sale of another earlier stage gold project in Western Australia's Pilbara region.

"The mining lease is fully granted, and we're going to be in a position to be able to get onto the ground almost straight away and commence some very large sampling programs. That's very important for us because we've seen from all the activity in the Pilbara - and the work of Novo Resources in particular with the massive discovery up there - that bulk sampling is the key to being able to define resources with these styles of deposits," explains Jones.

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: $13.22 m

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