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Mining

Impact Minerals Limited hits platinum group metals at Broken Hill

Impact Minerals Limited (ASX:IPT) has further emphasised the multi-commodity versatility of its Broken Hill project in New South Wales with outstanding new platinum group metal (PGM) drilling results following immediately on high-grade base metal assays.

The latest drilling results from the projects Red Hill prospect include 0.5 metres at 10 g/t platinum, 11.1 g/t palladium, 0.6 g/t gold, 1% copper, 0.5% nickel and 41.5 g/t silver.

This sample was recorded within a broader 6.3-metre intercept at 1.6 g/t platinum, 2.5 g/t palladium, 0.3 g/t gold, 0.9% copper, 0.5% nickel and 13.8 g/t silver.

These results come through as new drilling gets underway at Broken Hill’s Platinum Springs prospect, where a strong conductor at least 100 metres long and considered coincident with a unit of massive sulphide containing high-grade nickel-copper-PGMs.

Previous exploration in this area has produced 2.3 metres 8.4 g/t platinum, 3.6% copper and 3% nickel from 47.7 metres; including 0.9 metres at 18.8 g/t platinum, 8.1% copper and 7.5% nickel from 48.2 metres.

Other results included produced 2 metres at 10.9 g/t platinum, 23.6 g/t palladium, 0.9 g/t gold, 6.1% copper, 4.5% nickel and 35 g/t silver from 45 metres.

Impact owns 100% of the rights to the project’s platinum-copper-nickel mineralisation at Broken Hill.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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