Quarterly Report March 2018
Quarterly Report March 2018
Perth, April 27, 2018 AEST (ABN Newswire) - Impact Minerals Limited (ASX:IPT) provides the Company's Quarterly Report March 2018.

1. COMMONWEALTH GOLD-SILVER-BASE METAL PROJECT, N.S.W. (IPT 100%)

- Drill assays from Silica Hill confirm mineralisation extends over an area of 500 metres by 500 metres and to considerable depth.

- CMIPT077 returned:

22.5 m at 1.7 g/t gold and 276 g/t silver from 166.7 metres down hole;

including 0.3 m at 1.8 g/t gold and 4,200 g/t (135 ounces or 0.42%) silver also

including 0.8 m at 13.6 g/t gold and 40 g/t silver.

- CMIPT074 returned:

21.8 metres at 0.6 g/t gold and 273 g/t silver from 137.9 metres down hole

including 0.5 metres at 0.5 g/t gold and 1,485 g/t (48 ounces) silver and 0.4 m

at 1.6 g/t gold and 6,240 g/t (200 ounces or 0.62%) silver.

- CMIPT073 returned:

75.3 metres at 0.4 g/t gold and 62 g/t silver from 75 metres down hole;

including 10.8 metres at 1.4 g/t gold and 243 g/t silver and including

0.3 metres at 6.9 g/t gold and 1,485 g/t silver.

- Follow up drilling to commence on receipt of permits and completion of the Land Access Agreement, expected by end of June.

2. CLERMONT GOLD PROJECT, QUEENSLAND (IPT 100%)

- Field checking of the Retro-Retro Extended Prospects completed. Assays from rock chip grab samples collected from outcrops of quartz veins. Assays due in May.

- Large gradient array IP survey with follow up Dipole-Dipole IP survey designed to identify drill targets. IP Survey to commence by early May.

3. BROKEN HILL PROJECT (IPT 100%)

- Field checking at Copper King cobalt-copper-gold and Thorndale silverlead- zinc prospects completed. Rock chip assays due in May.

4. PILBARA GOLD (IPT 100%)

- Five Exploration Licences granted with no Native Title objections.

- Heritage Agreements in progress for two further licences prior to grant.

5. CORPORATE

- Squadron Resources Pty Ltd increased its shareholding in the company to 14.8% by conversion of a $2,000,000 Convertible Note it held in Impact.

- Cash at March 31st $4.3 million

To view the full report with figures, please visit:
http://abnnewswire.net/lnk/3T552J21


About Impact Minerals Limited

Impact Minerals Limited (ASX:IPT) is an exploration company listed on the ASX in November 2006. The Company manages extensive tenement holdings (>2,000 km2) within Australia featuring significant potential for high-grade mineral deposits of gold, silver, lead, zinc, copper, nickel and PGM's. The Directors of the Company have extensive experience in mineral exploration and a strong history of exploration success, business development and corporate management. Impact Minerals intends to build wealth for its shareholders through a vigorous campaign of project generation and evaluation with a view towards profitable mining operations. Impact Minerals intends to build wealth for its shareholders through a vigorous campaign of project generation and evaluation with a view towards profitable mining operations.

 


Contact

Dr Michael G Jones
Managing Director
Impact Minerals Limited
T: +61-8-6454-6666
E: info@impactminerals.com.au



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