(MENAFN- ABN Newswire)
to Ramp up Exploration Across Its Portfolio Perth, June 19, 2018 AEST (ABN Newswire) - Exploration work will be ramped up over the next six months at four of Impact Minerals Limited's ( 5 million ounces at gold grades between 10 g/t and 17 g/t.
The Clermont drill programme will commence on completion of Land Access Agreement negotiations which are on going and expected to be completed in early July.
At Mulga Tank in Western Australia, Impact has identified a signficant number of gold and nickel targets for follow up work. The project comprises 20 strike kilometres of Archaean greenstone belt 200 km north east of Kalgoorlie and is highly prospective for Tier 1 gold deposits such as Gruyere located 200 km to the north east with current resources of 3.8 million ounces at 1.2 g/t nickel as well as komatiite and dunite-hosted nickel deposits.
The top three gold and top two nickel targets will be tested by a programme of aircore drilling which will commence on the availability of an appropriate drill rig. All statutory approvals for the programme are in place.
At the Blackridge conglomerate gold project also located near Clermont in Queensland, bulk samples will be taken at several places along the mineralised unconformity between the gold-bearing sedimentary units and the underlying basement (see announcement May 29th 2018). A few drill holes may also be completed. A review of appropriate sampling methodologies and equipment is underway. This work will commence on completion of a number of statutory agreements which are expected to be completed early in Quarter 4 2018.
The Company is considering various options for its Broken Hill project in New South Wales.
About Impact Minerals Limited
2,000 km2) within Australia featuring significant potential for high-grade mineral deposits of gold, silver, lead, zinc, copper, nickel and PGM's. The Directors of the Company have extensive experience in mineral exploration and a strong history of exploration success, business development and corporate management. Impact Minerals intends to build wealth for its shareholders through a vigorous campaign of project generation and evaluation with a view towards profitable mining operations. Impact Minerals intends to build wealth for its shareholders through a vigorous campaign of project generation and evaluation with a view towards profitable mining operations.
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