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- Impact Minerals (IPT) will commence diamond drilling later this week at its Broken Hill project in New South Wales
- The drilling will follow up on previous drill results at the Red Hill and Little Broken Hill Gabbro prospects
- Notably, the drill rig became available at short notice, meaning Impact can now speed up its planned exploration program at Broken Hill
- Impact shares are up 5.88 per cent on the market today, trading at 1.8 cents
Impact Minerals (IPT) will commence diamond drilling later this week at its Broken Hill project in New South Wales.
The drilling will follow up on previous drill results at the Red Hill and Little Broken Hill Gabbro prospects.
Red Hill drilling will test for massive sulphides at depth to follow up a significant drill intercept containing 138 metres at 0.3g/t of platinum group elements (PGE) from the surface.
Over at Little Broken Hill Gabbro, drilling will test for down-plunge extensions to follow up robust widths of up to 60 metres thick of strongly anomalous PGE mineralisation.
Notably, the drill rig became available at short notice, meaning Impact can now speed up its planned exploration program at Broken Hill.
The diamond drilling program will be followed up with a more extensive reverse circulation (RC) drilling in the third quarter.
“We are thrilled to have been able to secure a diamond rig at short notice for our flagship Broken Hill project at a time of record metal prices, in particular palladium and copper,” Managing Director Dr Mike Jones said.
“Last years’ extensive drill programme delivered exceptional drill results for palladium, platinum, nickel and copper at all three of our key prospects and whilst we are still working through the large amount of data we generated, we are in a position to commence the follow up programme immediately,” he added.
Impact shares are up 5.88 per cent on the market today, trading at 1.8 cents per share at 10:27 am AEST.
