Impact Minerals Finds Further Priority Areas at Mulga Tank

Impact Minerals Ltd. (ASX:IPT) announced that it has identified 12 new priority areas for nickel-copper and copper-gold deposits in previous soil geochemistry that covers the Mulga Tank project, located in Western Australia.

As quoted in the press release:

The targets, each of which covers several square kilometres, were identified in a review of a broad spaced ionic leach soil geochemistry survey covering the central part of the 425 sq km project area (Figure 2).

Six of the targets occur on the west side of the project area, along strike and adjacent to the Mulga Tank Dunite where Impact recently discovered significant nickel and copper mineralisation under about 50 m of transported cover in its maiden drill programme on E39/988 (Impact 20% and earning 70% from Golden Cross Resources Limited) (Figure 2). Drill intercepts included:

• 114.8 m at 0.3% nickel from 98 m including 2 m at 1.3% nickel; and 0.5 m at 1.2% nickel from 211 m; and 0.6 m at 0.7% nickel from 181 m in Hole MTD011; and
• 0.75 m at 0.85% nickel, 0.35% copper and 0.24 g/t PGE and 6.7 m at 0.5% nickel in Hole MTD004

Click here to read the full Impact Minerals Ltd. (ASX:IPT) press release.