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Impact Minerals to Start Drilling at Broken Hill in Mid-November
Oct. 24, 2014 10:25AM PST
Base Metals Investing Impact Minerals Ltd. (ASX:IPT) announced that it is now able to move forward with a drill program at the Broken Hill joint venture project in New South Wales.
Impact Minerals Ltd. (ASX:IPT) announced that it is now able to move forward with a drill program at the Broken Hill joint venture project in New South Wales. Drilling should start by mid-November; the program’s aim will be to “test a number of targets for high grade nickel-copper-platinum group metal deposits.”
As quoted in the press release:
Impact recently earned a 51% in the rights to nickel-copper-PGE mineralisation from Golden Cross Resources Limited (GCR) and has elected to earn an 80% interest by spending a further $200,000.
This expenditure will be completed during the forthcoming drill programme at the Red Hill Prospect, for which Impact was recently awarded a grant of $125,000 under the N.S.W. State Government’s Co-operative Drilling Funding Programme.
Access track and drill site preparation will commence next week with the aim of commencing drilling by mid-November.
Click here to read the full Impact Minerals Ltd. (ASX:IPT) press release.