Impact Minerals flags strong early drilling results at Commonwealth–Silica Hill JV

Impact Minerals Limited ( (AU:IPT) ) has issued an update.

Impact Minerals Limited reported that partner Kuniko Limited has intersected significant sulphide mineralisation in the first three diamond drill holes at the Commonwealth–Silica Hill gold–silver project in New South Wales. The drilling follows airborne geophysics and geochemistry that outlined a 4 km conductive corridor and builds on existing shallow JORC resources that remain open at depth and along strike.

Initial Phase 1 results include thick zones of disseminated and stringer sulphides with discrete massive sulphide lenses at Commonwealth Main and continuous sulphide mineralisation with visible silver sulphosalts at Silica Hill. The successful down-plunge step-outs, Kuniko’s funded acceleration into a larger Phase II program, and the potential for a deeper porphyry copper–gold source position the project for possible resource growth and may enhance the value of Impact’s retained interest.

The most recent analyst rating on (AU:IPT) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Impact Minerals Limited stock, see the AU:IPT Stock Forecast page.

More about Impact Minerals Limited

Impact Minerals Limited is an Australian mineral exploration company focused on gold, silver and associated base metals, with key assets in New South Wales. Its Commonwealth–Silica Hill Project in the Lachlan Fold Belt hosts shallow JORC Inferred Resources of gold, silver, zinc and lead, and is being advanced under an earn-in and joint venture with Kuniko Limited, which can acquire up to 70% while Impact retains leveraged exposure.

YTD Price Performance: 13.21%

Average Trading Volume: 584,090

Technical Sentiment Signal: Sell

Current Market Cap: A$28.46M

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