Impact Minerals Limited (ASX: IPT) – $0.032

02 Sep 2016

Impact Minerals Limited (ASX: IPT) has received exceptional silver grades together with associated gold from the Silica Hill discovery situated within its 100% owned Commonwealth Project approximately 100km north of Orange in New South Wales (Figure 1).


IPT Commonwealth Ag

Figure 1. Location of the Commonwealth Project (Source: company)



The mineralised zone in diamond drillhole CMIPT011 comprises narrow high grade sulphide veins that are up to 40cm thick as well as disseminated sulphides within the rock surrounding the veins. The overall intercept contains 48.6 metres at 137g/t silver (4.4 ounces) and 0.5g/t gold for 2.5g/t gold equivalent from 122 metres down hole with zinc and lead credits.


Highlights from drillhole CMIPT011 includes:


  • 23 metres at 224g/t silver (3.6 ounces) and 1.0g/t gold from 147.7 metres including 1.75 metres at 1,785g/t silver (57 ounces) and 1.8g/t gold from 147.7 metres plus 0.9 metres at 3,146g/t silver (101 ounces) and 2.4g/t gold from 148.1 metres.



All data from Silica Hill and the other prospects is being compiled and prioritised for further follow up drilling.



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