A bit of mining news!
Drilling is to commence next week at the 'High Grade Copper-Nickel-Platinum Project' in Broken Hill - ASX Announcement 26 August 2015 (number 418/260815)
Here is the announcement, sourced from the Silver City Minerals website - main points -
A
drill program of up to 1,500 m of diamond drilling is due to start by
the end of next week at Impact Minerals Limited (ASX:IPT) high grade
copper-nickel-platinum (PGM) joint venture project near Broken Hill
in New South Wales.
The
drill program will test seven targets (T1 to T7) at the Red Hill
Prospect which covers about one square kilometre, where Impact has
discovered a 25 to 30 metre thick near-surface layer of
copper-nickel-PGM mineralisation. The mineralisation mostly occurs in
two zones of high grade drill intercepts called the Upper and Lower
Zones (Figures 1 and 2-see website) which returned:
Upper
Zone: 9.5 m at 4.7 g/t 3PGM, 1.5% copper and 0.8% nickel including
5.1 m
at 11 g/t 7PGM, 1.9% copper and 0.9% nickel (RHD001) and
5.2 m
at 7.9 g/t 7PGM, 1.1% copper and 1.6% nickel (RHD006)
Lower
Zone: 9.9 m at 6.7 g/t 3PGM, 1.4% copper and 0.3% nickel including
4.2 m
at 11.8 g/t 7PGM, 2.6% copper and 0.5% nickel (RHD001) and
13.8 m
at 6.6 g/t 7PGM, 1.1% copper and 0.3% nickel (RHD006).
Note
3PGM = Platinum-palladium-gold and 7PGM = 3PGM + osmium, iridium,
rhodium, ruthenium where assayed (full details in Table 1-see website
for table).
These
results are some of the highest grades of PGM ever reported in
Australia.
The
two zones of mineralisation are interpreted to dip at a shallow angle
to the south and may be increasing in width and grade with depth
(Figure 1-see website). In addition the mineralisation is in part coincident with
an Induced Polarisation (IP) chargeability anomaly identified in a
ground geophysical survey (Figures 1 and 2-see website). This is Target T1 and
follow up drilling is planned to test the mineralisation at depth and
along trend (Figure 2)-see website.
The
other five drill targets consist of one ground (T2) and one down hole
(T3) electromagnetic anomaly, a rock chip geochemical anomaly (T4),
two induced polarisation (IP) anomalies (T5 and T7) and an airborne
magnetic anomaly (T6) (see announcement dated 1st April 2015).
Further
drill targets may also be identified from the results of a recently
completed ground gravity survey over the area. Interpretation of this
data is in progress.
The
drill rig is scheduled to mobilise to site early next week.
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Stay tuned for further developments.
Cheers,
Jane Deany
