Impact Minerals

Outstanding Ni-Cu-PGM, Gold And Lithium-Caesium-Tantalum Soil Geochemistry Results At The Beau Project, WA

Three large and significant soil geochemistry anomalies for a range of battery metals and precious metals have been identified at Impact Minerals Limited's (ASX:IPT) 100% owned Beau Project, part of the greater Arkun- Beau-Jumbo project area in the emerging mineral province of southwest Western Australia (Figure 1).

Highlights:

  • Four large and significant soil geochemistry anomalies identified, including:
    • a large copper-nickel-PGM-silver-cobalt anomaly up to 2.5 km by 1 km in size and associated with previously unrecognised layered mafic gabbros
    • a gold-palladium anomaly about 500 metres in diameter
    • two lithium-caesium-tantalum anomalies each about 1 km in dimension that may be part of a large zoned intrusive pegmatite system
  • Field checking and relevant follow-up sampling of all areas will commence by the end of August to identify reconnaissance drill targets as quickly as practicable
  • A reconnaissance drill programme will be organised as soon as practicable and subject to access and the harvest period
  • There has been no previous exploration at Beau prior to Impact’s work

Impact Minerals’ Managing Director Dr Mike Jones said “These are the first detailed soil geochemistry results we have had from the hitherto poorly explored greater Arkun project area and confirm our belief that the area is very prospective for a range of battery, strategic and precious metals. In addition, it is a validation of our targeting methodology which we have applied across our extensive project portfolio in Western Australia and put together over the past 18 months”.

“A large nickel-copper-PGM anomaly overlies previously unidentified layered mafic intrusive rocks; these are known hosts to significant massive sulphide deposits around the globe. In addition, we have identified a gold anomaly that is associated with rare earth responses and which may be part of a large intrusion-related system. To cap it all off, we also have identified two areas with significant responses for a range of metals associated with a zoned lithium pegmatite system. Follow-up field checking will commence later this month in order to define targets for first-pass drilling as soon as practicable and to identify the bedrock which is mostly obscured by laterite. We also look forward to getting the results from a further 600 soil samples that are still to come from the northern part of the Arkun project”.


Impact Minerals projectLocation of Impact's projects in Western Australia

Previous work by Impact across the Arkun and Beau project areas using a proprietary geophysical-geochemical technology owned by Southern Sky Energy Pty Ltd, identified 17 broad areas of interest, principally for Ni-Cu- PGM mineralisation, for follow-up work (ASX Release 10th June 2021).

Reconnaissance soil geochemistry traverses along gazetted roads and tracks over 15 of these targets identified a total of 22 more specific targets for both Ni-Cu-PGM mineralisation and, for the first time in the area, lithium- caesium-tantalum pegmatites and Rare Earth Elements (REE). A number of the original targets returned anomalous soil results for more than one style of mineralisation. Targets for both Ni-Cu-PGM and lithium were identified at Beau.

Click here for the full ASX Release

This article includes content from Impact Minerals Limited , licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

IPT:AU
Impact Minerals Limited

Impact Minerals Limited Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Impact Minerals

Impact Minerals Limited


Keep reading...Show less
Antilles Gold

Antilles Gold Arranges up to $3.0 Million of Convertible Loan Notes

Antilles Gold Limited (“Antilles Gold” or the “Company”) (ASX: AAU, OTCQB: ANTMF) advises that the Company has entered into an Agreement with Patras Capital Pte Ltd to provide up to three A$1.0 million Convertible Loan Notes to Antilles Gold Limited over the next three months.

Keep reading...Show less
Norfolk Metals

Norfolk Projects Updates

Norfolk Metals Ltd (ASX:NFL) (Norfolk or the Company) initiated a soil program at the Roger River Project (Tasmania) to obtain a better understanding of the copper and gold mineralisation to guide the next exploration phase and potential drilling.

Keep reading...Show less
Brightstar Resources

Mining Completed at Selkirk, Toll-Treatment of Ore Processing at Gwalia Gold Mine Imminent

Brightstar Resources Limited (ASX: BTR) (Brightstar) is pleased to announce that open pit mining activities have safely and successfully concluded at the Selkirk Mining JV located near Menzies, conducted by Brightstar’s joint venture partner, BML Ventures Pty Ltd (BML Ventures).

Keep reading...Show less
Magnetic Resources

Deep Intersections Continue Over the Length of the Lady Julie North 4 Deposit

Magnetic Resources NL (Magnetic or the Company) is pleased to announce, after a significant intersection of 16m at 4.51g/t from 411m, which was a very large 200m step out below the current resource (Figure 4) six deeper holes were drilled to ascertain the depth continuity in other parts of the LJN4 Deposit. Some compelling intersections are outlined below.

Keep reading...Show less
The Gold Standard: Facts and History (Updated 2024)

The Gold Standard: Facts and History (Updated 2024)

The gold standard. Today the term denotes something that is the highest level of quality in its category.

Gold, with all its luster, has been sought after, fought over and prized for thousands of years. It’s been used as a sacred adornment and has projected the wealth and status of monarchs and nobility. And ever since the ancient Lydians minted the first gold coins around 550 BCE, the yellow metal has played an important role in the monetary system.

Over the millennia, gold has never lost its appeal, and by the end of the 19th century it had become a crucial component of how nations interacted with each other economically.

Keep reading...Show less

AGNICO EAGLE ANNOUNCES PURCHASE OF COMMON SHARES OF PRISM RESOURCES INC.

Stock Symbol: AEM (NYSE and TSX)

Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") announced today that it has acquired 5,750,000 common shares ("Common Shares") of Prism Resources Inc. ("Prism") from Trevali Mining Corporation at a price of approximately C$0.0174 per Common Share for total consideration of C$100,000 (the "Transaction"), pursuant to a share purchase agreement dated February 13, 2024 (the "Share Purchase Agreement") between Agnico Eagle and FTI Consulting Canada Inc., in its capacity as court-appointed monitor of Prism.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Impact Minerals Limited

Impact Minerals Limited Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×