Impact Minerals (ASX:IPT) has received further encouraging results for high grade deposits of nickel-copper-platinum group metals (PGM)-cobalt at its 100% owned Broken Hill Project in New South Wales.
Results come from newly received induced polarisation data from a helicopter electromagnetic survey over the Little Darling Creek Prospect and along the Rockwell-Little Broken Hill Trend.
At Little Darling Creek, a target area is coincident with rock chip samples up to 4.5 g/t platinum and 5 g/t palladium.
Along the Rockwell-Little Broken Hill Trend, induced polarisation (IP) features in part coincident with electromagnetic (EM) anomalies.
The IP and EM responses present in the data are consistent with the expected response for the style of high grade nickel-copper-PGM sulphide mineralisation being explored for.
They are similar to Impact’s discoveries at the Red Hill and Platinum Springs Prospects to the north.
At the Red Hill Prospect, Impact drilled an intercept of 1.2 metres at 75.4 g/t platinum equivalent comprising 10.4 g/t platinum, 10.9 g/t gold, 254 g/t palladium, 7.4% nickel, 1.8% copper, 19 g/t silver and 0.5% cobalt.
Next steps
Further interpretation and modelling of the aerial EM 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 aerial EM survey along the Moorkai Trend will be completed later in the year.