Impact Minerals (ASX:IPT) continues to unravel the potential of its wholly-owned Broken Hill Project in New South Wales.
A helicopter-borne VTEM survey has identified eight areas for follow up exploration for high grade deposits of nickel, copper, platinum group metals (PGM) and cobalt.
The survey was conducted over the Rockwell to Little Broken Hill Trend.
The eight areas are spread along the Trend and are within or at the margins of an maficultramafic complex interpreted from regional magnetic and gravity data to be about eight kilometres long and up to 750 metres wide.
Potential of Rockwell-Little Broken Hill
The Rockwell-Little Broken Hill are lies south of a major shear zone that separates it from the Red Hill Prospect and has been very poorly explored due to extensive shallow alluvial cover.
The importance of Red Hill is that previous drilling delivered exceptional grades including a stand out intercept of: 1.2 metres at 283 g/t (9.1 ounces) platinum equivalent.
Next steps
Further interpretation and modelling of the VTEM data is in progress and follow up ground work will commence once completed.
This work will include field checking, surface geochemical sampling and ground geophysical surveys where required to identify targets for drilling.
Any targets identified will be drill tested together with follow up drilling at Red Hill.
The VTEM survey along the Moorkai Trend will be completed later in the year.