A Worker in the Field Collecting Samples. Source: Impact Minerals
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  • Impact Minerals (IPT) curtails reverse circulation (RC) program at its WA-based Hopetoun project due to “very difficult” drilling conditions
  • Drilling intersected a four metre thick zone of pyrite at the very end of hole within a zone of extensive potassic alteration with variable low level copper
  • While the company believes the rig ended at the edge of a mineralised system, drilling was halted after attempts to reach target depth failed and were deemed unsafe
  • IPT is looking to secure a diamond drill rig to complete follow up drilling and the RC rig has mobilised to its Doonia gold project near Kambalda
  • Shares have been trading grey at 1.3 cents

Impact Minerals (IPT) has curtailed its reverse circulation (RC) program at its WA-based Hopetoun project due to “very difficult” drilling conditions.

The project is one of four joint venture projects where Impact is earning an 80 per cent interest and contains five drill ready targets, of which two were fully permitted for drill testing.

Drilling intersected a four metre thick zone of pyrite at the very end of an RC drill hole within a zone of extensive potassic alteration with variable low level copper that IPT said is at least 75 metres thick.

The alteration, copper values and sulphide intensity all reportedly increase down hole, are open at depth and along trend and suggests that the drill may have stopped at the edge of a large mineralised system.

Due to unexpected, difficult drilling conditions caused by running sands that blocked the drill rods, after a fourth attempt to reach the target depth, IPT deemed the drilling unsafe and potentially very expensive to continue.

As such, the program was curtailed and as the company predicts it will run in to similar conditions above at least four of the other targets, it has begun looking to secure a diamond drill rig to undertake follow up drilling as soon as practicable.

The RC drill rig is now mobilising to Impact’s Doonia gold project near Kambalda, with drilling scheduled for mid January.

Shares were trading grey at 1.3 cents at 10:20am AEDT.

IPT by the numbers
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