Fortbridge Media ReleaseImpact Minerals Ltd. [ASX:IPT] - Major Porphyry Copper-Gold and High-Grade Epithermal Gold-Silver-Base Metal Potential Revealed at the Commonwealth Project, NSWHighlights:
* Potential for a large and significant mineralised system covering at least several square kilometres recognised in new soil geochemistry data
* Three target areas for buried porphyry copper-gold deposits identified:
* at depth beneath the Main Shaft-Commonwealth South and
* Silica Hill Prospects;
* and at the Doughnut, a distinctive soil geochemical anomaly 1.2 km in diameter
* Main Shaft-Commonwealth South and Silica Hill Prospects interpreted as high-sulphidation epithermal mineralisation possibly driven by porphyry copper-gold-systems at depth or along strike
* Many strike kilometres of undrilled gold, silver and base metal soil anomalies have now been identified
* Drilling to commence mid-late July
New exploration results from Impact Minerals Limited (ASX:IPT) 100 per cent owned Commonwealth Project near Orange in NSW indicate that the known high-grade gold-silver base metal mineralisation at Main Shaft, Commonwealth South and Silica Hill, which have been the focus of most of Impact�s work to date, may be part of a much larger and very poorly explored mineralised system.
This system, which covers at least several square kilometres, may be related to a number of porphyry intrusions buried at varying depths below surface (blind) that are prospective for bulk tonnage gold-copper deposits such as the Cadia-Ridgeway deposits that contain over 25 million ounces of gold and 5 million tonnes of copper located 100 km to the south of Commonwealth in the same mineralised belt.
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