Join our daily newsletter At The Bell to receive exclusive market insights
- Impact Minerals (IPT) begins its 2022 exploration campaign across the Broken Hill and Doonia gold projects
- An extensive ground electromagnetic survey is underway at Broken Hill to test the area for high-grade nickel-copper-platinum group metal mineralisation
- Further, a reverse circulation drilling program has begun at Doonia to test multiple soil geochemistry and geophysical targets
- The primary target is a 2.5-kilometre by one-kilometre gold-bismuth soil geochemistry anomaly that overlies a cluster of isolated magnetic anomalies
- Shares in Impact Minerals remain steady at 1.3 cents each as of 2:14 pm AEDT
Impact Minerals (IPT) has begun its 2022 exploration campaign across the Broken Hill and Doonia gold projects.
Broken Hill
The Broken Hill Project lies 20 kilometres east of the world-class Broken Hill silver-lead-zinc mine in NSW and consists of seven exploration licences.
Impact is undertaking an extensive ground electromagnetic (EM) survey at the project as part of the recently announced joint venture with IGO (IGO).
The survey is expected to take up to three months to complete and will test the area for high-grade massive nickel-copper-platinum group metal (PGM) mineralisation.
Impact will test the Moorakai Trend which is a nine-kilometre-long ultramafic to mafic dyke and chonolith complex that is poorly explored. Previous drilling has returned high grades of nickel-copper-PGMs.
The focus will then shift to the Little Broken Hill Gabbro with Impact completing the first-ever drilling program across the seven-kilometre-long intrusion in April 2021.
This drilling identified multiple areas of highly anomalous PGMs in the basal unit to the intrusion over several kilometres.
Doonia
The Doonia Project lies 75 kilometres east of Kambalda in the Mt Belches Basin in Western Australia.
Reverse circulation (RC) drilling has begun at Doonia to test multiple soil geochemistry and geophysical targets.
The primary target is a 2.5-kilometre by one-kilometre gold-bismuth soil geochemistry anomaly that overlies a cluster of isolated magnetic anomalies.
Several other soil geochemistry and geophysical targets are being tested along the eastern part of the project.
Two holes have already been completed in this area with samples sent to the laboratory and results expected in March.
“IGO Limited have now commenced a major electromagnetic survey at Broken Hill and we thank them for their efforts to get the survey underway under the trying conditions of the COVID-19 outbreaks in NSW,” Managing Director Dr Mike Jones said.
“In addition, the maiden RC drilling programme is underway at Doonia and we are looking forward to testing a number of targets, some of which were identified over 20 years ago and have never been followed up.”
Shares in Impact Minerals remain steady at 1.3 cents each as of 2:14 pm AEDT.
