|WELCOME TO IMPACT MINERALS LIMITED|
Impact Minerals Limited was established to explore for deposits of uranium, nickel, Platinum Group Metals (PGM's) and gold and listed on the ASX in November 2006. The Company has extensive tenement holdings in Africa and more recently Australia: a portfolio of projects with the potential for significant deposits of uranium and copper-nickel PGM's.
The Directors of the Company have extensive experience in mining and mineral exploration and a strong history of exploration success, business development and corporate management.
Impact Minerals intends to build the business with a vigorous campaign of project evaluation and project generation for potential acquisitions and farm-ins, both in Australia and overseas. The Impact team is committed to achieving sustained and rapid growth through the vision of the Company to engage in World Class Exploration and Resource Development.
COMMONWEALTH GOLD SILVER-BASE METAL PROJECT (100% IPT)
Geology and Previous Work
Located 95 km north of Orange in New South Wales in the northern part of the Lachlan Fold Belt.
The project area is centered on the dormant Commonwealth gold-silver-base metal mine.
Mineralised corridor 2.5 km long identified.
To date 69 holes for an average hole depth of only 54.8 m have been completed.
- Historic resource of 83,000 t at 5.9 g/t Au, 275 g/t Ag, 11.4% zinc, 3% lead and 0.3% Cu for 44,000 oz Au eq (non-JORC compliant).
- Very high grade true width underground drill results from the VMS deposit including:
7 m at 6.2 g/t gold, 346 g/t silver, 0.22% copper, 3.2% lead and 9.2% zinc in Hole CM85-1;
3 m at 8 g/t gold, 158 g/t silver, 0.1% copper, 0.8% lead and 2.9% zinc in Hole CM85-2; and
6 m at 4 g/t gold, 124 g/t silver, 0.5% copper, 2.5% lead, 18.5% zinc in Hole CM85-3.
- At Commonwealth South significant potential for gold- and silver-only mineralisation exists for 200 m along strike and in a porphyry unit in the footwall of the VMS deposit with drill intercepts of up to:
30 m at 6 g/t Au and 17.2 g/t Ag from 24 m including 2 m at 77 g/t Au in Hole PHC4;
28 m at 2.3 g/t gold and 19 g/t silver from 32 m in hole PHC09.
- Significant new IP and soil geochemistry 6 targets identified at depth and at Silica Hill.
MULGA TANK Ni-Cu-PGE PROJECT
IPT 100% (6 licences) and earning 50 - 75% (7 licences)
Covers 50 km of strike of the Minigwal greenstone belt which comprises ultramafic, mafic, banded iron formation, volcanic, and sedimentary rocks that are fault bounded by granite to the east and west.
The project is buried by about 50 m of sand and is poorly explored.
- The Mulga Tank Dunite is a 3.5 km by 4 km flat lying sill which is prospective for deposits of disseminated and massive nickel sulphides like Mt. Keith and Perseverance.
Mulga Tank Dunite
Drill intercepts and petrographic studies have identified primary magmatic nickel sulphides, (pentlandite), with elevated Ni, Co, Cu, Pt, and Pd values close to the basal adcumulate layer.
Geochemical and stratigraphic profiles show that the dunite body is the ‘right way up’, leaving the prospective basal layer un-explored.
Maiden drill programme by Impact discovered high tenor nickel and copper sulphides at 4 of 6 targets tested.
- Three styles of nickel-copper mineralisation identified:
1. Extensive disseminated nickel in the Mulga Tank Dunite:
2 m at 1.3% nickel including 1 m at 2% nickel and multiple zones of 0.5 m at 0.5% to 1.2% nickel within an intercept of 115 m at 0.3% nickel;
other thick intercepts of 21 m at 0.4% nickel and 59 m at 0.3% nickel.
2. High tenor veins at the base of the Mulga Tank Dunite:
0.25 m at 3.8% nickel, 0.7% copper and 0.7 g/t PGE and 0.3 m at 0.7% nickel.
3. High tenor nickel sulphide in multiple komatiites in a flow channel: 0.75 m at 0.85% nickel, 0.35% copper and 0.28 g/t PGE (Pt+Pd+Au); and 6.7 m at 0.5% nickel.
- Follow up soil geochemistry and ground geophysical surveys to start Q3 2014.
BROKEN HILL Ni-Cu-PGE JOINT VENTURE PROJECT
IPT earning 80% by spending $250,000 by 2017
A Large Igneous Province LIP of mafic-ultramafic rocks hosted within the richly mineral endowed Curnamona Craton. The mafic intrusions have been dated at 827 Ma, coeval with a major nickel mineralising event associated with the breakup of supercontinent Rodinia.
- The mafic-ultramafic rocks, which extend over a 40 km long corridor, contain numerous surface gossans and associated high-tenor mineralization. Some of the highest platinum and palladium grades reported in Australia.
A bulk sample of surface material averaged over 82 g/t combined PGE, including 19.6 g/t Pt and 50 g/t Pd. Drilling has returned intervals up to 2 meters at 10.9 g/t Pt, 23.6 g/t Pd, 6.1% Ni & 4.5% Cu.
- The target area is under explored. Several prospects along strike have never been drill tested.
Mining records suggest that about 500 tonnes of ore was mined at Red Hill in the early 1900’s, with face samples returning a grade range of: 2 to 4% copper, 2 to 3% nickel, 5 to 41 g/t PGE and 22 to 70 g/t silver.
Significant elevated Ni-Cu-PGE +/- Au - in - soils over a 500 m x 650 m area associated with the mafic - ultramafic intrusion.
Historic mine shafts and workings contain rock chips with grades up to 4.2 % Ni, 22 % Cu, 1.86 g/t Au, 221 g/t Ag, 16 g/t Pt and 12 g/t Pd.
The best rock chip results occur as gossans and malachite - azurite stained quartz breccia’s towards the contact of ultramafic outcrops.
- Drilling planned for July with 1,500 m’s designed to test four separate target areas.
May 2015 - Interview by Proactive Investors and Stock Tube with Dr Mike Jones