Impact Minerals receives new assays from Silica Hill
Drilling continues to confirm and expand the bulk-tonnage potential close to the near-surface high-grade massive sulphide resource at Main Shaft.
Company
ASX:IPT
Driven by a commitment to excellence and a vision to harness Australia's mineral wealth, Impact Minerals Limited is establishing itself as a key player in the High Purity Alumina (HPA) industry. Through careful project development, rigorous technical and financial evaluation, the company aims to create lasting value for shareholders while contributing to the sustainable growth of the mining sector.
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Drilling continues to confirm and expand the bulk-tonnage potential close to the near-surface high-grade massive sulphide resource at Main Shaft.
Investors can look forward to exploration news flow over the next two months.
Impact's Commonwealth Project has multi-million ounce gold potential in the Cadia-Ridgeway region.
The halt will remain in place until Thursday 31st August 2017.
There is increasing evidence of a copper-gold system at depth.
Impact is set to increase assay news flow over the next two months.
The company's share price has surged on preliminary results grading up to 10,000 g/t silver from the Silica Hill Prospect, which is an emerging high-grade gold-silver discovery.
Assays for other metals will be highly anticipated.
Commonwealth-Silica Hill has similarities to Eskay Creek in Canada.
Impact is now funded to drill the Commonwealth project.
The share purchase plan is raising up to $4 million.
The newly identified drill target area is known as Silica Hill East.
Impact sees signatures for nickel-copper-PGM-cobalt sulphide mineralisation.
Barium has been identified as a pathfinder and indicating element.
Upcoming drilling will be highly anticipated given its prior success.
A share purchase plan is currently open to Impact shareholders.
Dr Mike Jones talked next exploration steps and funding with investors.
A share purchase plan is currently open to Impact shareholders.
The share purchase plan will open next Friday 19th May 2017.
The halt will remain in place until Friday 12th May 2017.