ON THE CHARGE AT APSLEY.
Impact Minerals Limited is pleased to announce it has identified multiple drill targets for porphyry copper-gold at its Apsley Prospect in the Lachlan Fold Belt of New South Wales.
• Drill targets of significant size and depth extent have been defined by chargeability and resistivity anomalies in new ground Induced Polarisation (IP) data at Apsley.
• The IP anomalies occur within the core zone of a large 2,000 m long by 500 m wide soil geochemistry anomaly defined by copper-gold-platinum-palladium, a metal assemblage characteristic of alkalic porphyry deposits such as Cadia-Ridgeway.
• The core is surrounded by a halo of zinc-lead-manganese covering several square kilometres and together these define a text book example of a “zinc doughnut”, a pattern well recognised and understood in porphyry copper-gold exploration and present around major deposits globally.
• A set of priority targets have been identified in the IP and soil geochemistry data which have been fast-tracked for drilling.
• A drill rig has been secured and will commence drill testing as soon as practicable after the receipt of statutory approvals, expected by early March.
• Detailed mapping and sampling along the IP traverses as well as drill pad preparation is in progress.