Impact Minerals (ASX: IPT)
A large and significant target for porphyry copper-gold mineralisation has been identified at 100% owned Arkun Project located 150 km east of Perth in the emerging mineral province of southwest Western Australia.
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Impact Minerals | ASX: IPT |
Stage | Exploration |
Metals | Gold, Silver, PGM’s, zinc, copper |
Market cap | A$38 m @ 0.013 c |
Location | Queensland, NSW, Western Australia |
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Impact Minerals – Caligula–A Significant CopperTarget at the Arkun Project, WA
The newly named Caligula prospect, initially identified in roadside and subsequent follow–up soil geochemistry surveys (Anomaly D: ASX Release 9th August 2023), has been significantly enhanced by the presence of several significant conductors within the geochemistry anomaly that may represent disseminated or massive sulphides.
Highlights
•A 5km by 1 km soil geochemistry anomaly contains the key metal assemblage of copper–silver–cobalt+/–tellurium–bismuth–molybdenum, all indicators of porphyry copper
mineralisation such as is found at Boddington and Calingiri in the same region of Western Australia. Gold assays are expected in February.
•The geochemistry anomaly coincides with numerous conductors identified in the MMT data that may represent disseminated or massive sulphides.
•Infill and extensional soil geochemistry surveys, together with a detailed interpretation of the MMT data,are underway to define the extent of Caligula and identify specific drill
targets more fully.
•A follow–up aircore drill programme is to be undertaken as soon as practicable,which will also include the recently discovered Hyperion and Swordfish REE prospects.
The conductors were identified in recently acquired helicopter–borne Mobile Magneto–Telluric (MMT) data from one of the first surveys of this cutting–edge technology to be flown in Australia.
Caligula adds to Impact’s previously reported large Rare Earth Element soil geochemistry anomalies identified at Hyperion, located15km to the west, and Horseshoe, located 20km to the east, and emphasises the significant exploration potential fora range of battery and strategic metals at the Arkun project (ASX Releases 4th January 2024 and 1st June 2023).
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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com
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Disclosure
At the time of writing the author holds no shares in Impact Resources.
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