A major drill programme of up to 8,000 metres of aircore, reverse circulation and diamond drilling will commence towards the end of July at
The programme will test three priority prospects: Red Hill,
Statutory approvals for the drill programme are now in place for Red Hill and
At Red Hill a programme of RC and diamond drilling will test the along trend and down plunge extension of the exceptional nickel-copper-PGE mineralisation discovered by Impact.
Here, twelve out of the thirteen drill holes completed at Red Hill have returned robust widths and grades of nickel-copper-PGE's. Recent assays of the rare PGE's rhodium, osmium, ruthenium and iridium have confirmed the unusual nature of the mineralisation in the region with some stand out results, Hole RHD008 which returned (ASX Release
This intercept also included two veins of very high grade mineralisation that returned: 0.65 metres at 35.2 g/t (1.1 ounces) 7PGM comprising: 7.2 g/t rhodium, 7.0 g/t iridium, 5.2 g/t osmium, 3.8 g/t ruthenium, 4.0 g/t palladium, 7.9 g/t platinum, 0.1 g/t gold, 5.3% copper, 1.2% nickel and 8 g/t silver from 13.0 metres and 0.6 metres at 54.5 g/t (1.7 ounces) 7GM comprising: 0.9 g/t rhodium, 1.2 g/t iridium, 0.9 g/t osmium, 0.5 ruthenium, 29.7 g/t palladium, 19.2 g/t platinum, 2.1 g/t gold, 12.2% copper, 0.5% nickel and 147 g/t silver from 27.7 metres.
This is in addition to the previously reported spectacular intercept from RHD012, which included assays for the rare PGE's done at the time. This hole returned: 3.5 metres at 162.4 g/t (5.3 ounces) 7PGE comprising: 1.7 g/t rhodium, 2.6 g/t iridium, 2.0 g/t osmium, 1.1 g/t ruthenium, 144 g/t (4.6 ounces) palladium, 5 g/t platinum, 6 g/t gold, 2.9% nickel, 2.3% copper and 14.5 g/t silver from 67.3m down hole.
This intercept also included a vein of very high grade mineralisation that returned: 1.2 metres at 335.8 g/t (10.8 ounces) 7PGE comprising: 4.6 g/t rhodium, 7.2 g/t iridium, 5.6 g/t osmium, 3.1 g/t ruthenium, 294 g/t (9.5 ounces) palladium 10.4 g/t platinum, 10.9 g/t gold, 7.4% nickel, 1.8% copper and 19 g/t silver.
At
At the Little Broken Hill Gabbro-Rockwell Trend an extensive programme of aircore drilling will test a 4 kilometre long part of the intrusive complex which is under shallow cover and which has not been previously drill tested. On-going interpretation of airborne magnetic data and rock chip geochemistry assays has started to identify some compelling drill targets in this area.
Impact has received a grant of
Contact:
Tel: (61 8) 6454 6666
Email: info@impactminerals.com.au
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