Drilling underway at Red Hill Mine
A drill program of up to 1500m of diamond drilling is now underway at Impact Minerals Limited high-grade copper-nickel-platinum joint venture project near Broken Hill in New South Wales.
Seven targets (T1 to T7), identified from the results of Impact’s exploration over the past eight months, will be tested at the Red Hill Prospect where Impact has discovered a 25 to 30 metre thick near surface layer of copper-nickel-PGM mineralisation that contains some of the highest grades of platinum group metals (PGM) ever reported in Australia.
Impact’s Managing Director, Dr Mike Jones, said
“We are very excited to have started drilling again at Red Hill, the first step in our accelerated work program on all three of our high grade Australian projects over the next year,” Impact’s Managing Director Dr Mike Jones said.
“Having three such strings to our exploration bow increases our chances of delivering a major discovery in the next 12 months and following the recent investment from the Minderoo group and monies being raised through our current rights issue we are well funded to do so.”
The drill program is expected to take up to four weeks with assays following as soon as practicable afterwards. Target T5 will be drilled first with an expected hole depth of about 450 metres.