Impact Minerals (ASX:IPT) has identified a 4km long structural corridor linking prospects at the Commonwealth-Silica Hill Project in New South Wales.
The company’s joint venture partner Kuniko (ASX:KNI) recently conducted an airborne electromagnetic survey at the project, unveiling a north-northwest to south-southeast trending structural corridor.
The structural corridor links the Commonwealth Mine, Silica Hill, and adjacent prospects, imaging continuous lithological and structural controls to depths exceeding 1km.
Impact says the corridor interprets multiple conductive and resistive features, which may be prospective for extensions to known gold-silver mineralisation, as well as potential new sulphide accumulations.
Kuniko Managing Director Maja McGuire says the results are “extremely encouraging and provide the first district-scale view of the Commonwealth-Silica Hill system”.
“For the first time, 3D resistivity modelling has defined a coherent 4km-long prospective corridor, imaging continuous structural and stratigraphic controls to depths exceeding 1km,” McGuire says.
“The modelling has also identified multiple high -priority targets, including discrete conductive features along major thrust faults and splays, highlighting the potential for extensions and new discoveries across this structurally controlled, district-scale gold–silver system.”
Impact holds a 30% free-carried stake in the project to a decision to mine under an earn-in and joint venture agreement with Kuniko.
Write to Maddison Elliott at Mining.com.au
Images: Impact Minerals
