Apr 01, 2019

Encouraging results at Clermont gold project

Encouraging results at Clermont gold project Diamond drill core from 230m downhole at the Retro Extended target at Impact Minerals' Clermont project.

Impact Minerals has reported a high-grade find at its Clermont gold project in Central Queensland.

The company said it had identified a 2km long target zone for high grade shoots of epithermal gold-silver-base metal mineralisation at the project, which sits in the same belt as Pajingo, Mt Leyshon and Mt Wright mines

Its new interpretation follows assay data from a drill program completed in late 2018 which included the first diamond drill hole and the first full suite multi-element assays at the project.

“…results indicate there is significant exploration potential along the Retro fault system for the discovery of a major deposit and that further exploration is warranted as a priority,” Impact said in a statement to the ASX.

The program tested targets known as Retro Extended; Rosewood; Retro and Snakegrass.

Impact said the drill program had delivered two breakthrough outcomes for the project:

  1. A very encouraging high-grade gold-silver-base metal intercept at Retro Extended in the diamond drill hole with confirmation of epithermal textures and the nature of the sulphide mineralisation.
  2. Recognition that the high-grade intercept lies at the southern end of a 2km target zone for further high grade mineralisation identified in a distinctive pattern of metal zonation.

Full details HERE

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