Impact Minerals Ltd wins grant to drill Mulga Tank gold and nickel targets
Mulga Tank has been poorly explored for gold and notably occurs in the same geological terrain as the recently discovered 6.2 million ounce Gruyere gold discovery.
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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Mulga Tank has been poorly explored for gold and notably occurs in the same geological terrain as the recently discovered 6.2 million ounce Gruyere gold discovery.
Impact Minerals Ltd Sydney/Melbourne Investor Luncheon Presentation
Impact has an active drilling program underway, and an investment from Andrew Forrest's Squadron Resources Pty Ltd. Find out the next steps when MD Dr Mike Jones presents at Proactive's Spotlight CEO Sessions, 7/8 June. Don't miss out: Regi
The program will comprise up to 3,000 metres of reverse circulation and diamond drilling to test targets that have been identified by Impact at four prospects: the Commonwealth deposit, Silica Hill, Welcome Jack and Doughnut.
The Commonwealth program will include up to 3,000 metres of reverse circulation and diamond drilling to test a significant number of targets. Previous intercepts include: 4 metres at 41.8 g/t gold, 93 g/t silver, 5.5% zinc and 2.3% lead.
Impact has given itself an array of targets within four different prospects at the Commonwealth Project. The potential for discoveries is heightened at Commonwealth given the extensive fieldwork, multiple targets and largely under explored
A programme of up to 3,000 metres of drilling will test the priority targets within the four prospects. The programme is scheduled to start following the closure of the SPP on 9 May 2016.
A drilling program will cover 3000 metres of reverse circulation and diamond drilling to test targets within the Commonwealth, Silica Hill, Doughnut and Welcome Jack Prospects.
This new potential at the project north of Orange in New South Wales has been identified from a review and synthesis of data from drill hole assays, two down-hole electromagnetic (EM) surveys and a ground gravity survey at the Commonwealth
Dr Mike Jones, said: “The major expansion of our ground position at Broken Hill is a robust opportunity for Impact and its shareholders to significantly increase exposure to this very richly mineralised part of Australia."
Impact Minerals Limited Sydney/Melbourne Investor Luncheon Presentation
Impact has attracted up to a $7.3M investment from Andrew Forrest's Squadron Resources.Find out more about Impact's next exploration steps from Mike Jones, when he presents at Proactive's Spotlight CEO Sessions in March. Register today!