Perth, July 31, 2017 AEST (ABN Newswire) - Impact Minerals Limited (ASX:IPT) provides the Company's Quarterly Report for the period ending 30 June, 2017.

SUMMARY

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

- Drill programme in progress. First gold assays return 14 metres at 4.5 g/t gold including 3 metres at 10 g/t gold.

- Numerous targets being tested and identified from IP data, soil geochemistry data and previous drill results.

- Two 5 kilometre long trends newly identified as prospective for high grade gold-silver deposits similar to Commonwealth-Silica Hill mineralisation.

- Strong similarities to the Eskay Creek deposit in Canada.

- Possible indications of underlying porphyry copper-gold system.

2. BROKEN HILL PGM-NI-CU PROJECT, N.S.W. (IPT 100%)

- VTEM survey identifies eight areas with nickel-copper-PGM potential along the Rockwell-Little Broken Hill Trend.

- One kilometre long near surface geochemical anomaly identified along western margin.

- Further areas for follow up work for nickel-copper-PGM identified in IP data from VTEM survey.

- At Little Darling Creek, target area coincident with rock chip samples up to 4.5 g/t platinum and 5 g/t palladium.

- Along the Rockwell-Little Broken Hill Trend, IP features in part coincident with EM anomalies.

- Cobalt-Copper-Gold potential recognised including previous drill results of 92 metres of 0.04% cobalt with 10 metres at 0.1 g/t gold at end of hole.

3. MULGA TANK NI-CU-PGE PROJECT, W.A. (IPT 100%)

- 20 targets for gold and 16 targets for nickel identified.

To view full report, please visit:
http://abnnewswire.net/lnk/R3WXZSY4


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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