Impact Minerals (ASX:IPT)
Announced that a diamond drill programme of up to 1,100m will commence this week at its newly named Yellowstone prospect and which is being funded by joint venture partner IGO Limited (ASX:IGO).
|Impact Minerals||ASX: IPT|
|Metals||Gold, Silver, PGM’s, zinc, copper|
|Market cap||A$22.3 m @ 0.009 c|
|Location||Queensland, NSW, Western Australia|
DRILLING AT BROKEN HILL TO COMMENCE THIS WEEK
Impact Minerals Limited (ASX:IPT) is pleased to announce that a diamond drill
programme of up to 1,100m will commence this week at its newly named
Yellowstone prospect and which is being funded by joint venture partner IGO
The Yellowstone prospect is part of the greater Platinum Springs project area
which lies at the southern end of the Moorkai Trend, a nine kilometre long
ultramafic to mafic dyke and chonolith complex that is very poorly explored.
Two diamond holes have been planned to test a significant electromagnetic
(EM) conductor identified by IGO in an extensive ground EM survey
completed across the project area earlier this year (ASX Release 3rd March
• IGO Limited secures diamond drill rig at short notice
• Large EM anomaly to be drill tested for high grade massive nickel copper sulphides with PGM at Yellowstone, part of the Platinum
• Up to two holes planned with all Statutory Approvals in place
Dr Mike Jones, Impact’s Managing Director said:
“It will be great to be drilling at Broken Hill again.
“The EM conductor identified by IGO is of a significant size and has a similar conductance to the high-grade massive nickel-copper-PGM sulphide we discovered at Platinum Springs.
“The anomaly lies within a major structure that may have been a feeder zone for
the entire Moorkai Trend and it is a compelling target we are looking forward
To read the full news release, please click HERE
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