MULGA TANK NICKEL PROJECT W.A. DRILL PROGRAMME

MULGA TANK NICKEL PROJECT W.A. DRILL PROGRAMME
CONDUCTOR 1, EXPLORATION UPDATE

Golden Cross Resources is further encouraged by Impact Minerals’ announcement regarding the follow-up drilling at Conductor 1 with wider zones of disseminated nickel sulphides reported from drill hole MTD007.
Impact Minerals (ASX:IPT) has sent the following information to its shareholders and interested parties:

  • Second disseminated nickel sulphide layer intersected over 150 metres of strike
  • Mineralisation open in all directions and thickening to the east
  • Soil geochemistry suggests at least 2 kilometres of strike potential
  • Drilling in progress at Conductor 5

Impact Minerals (ASX:IPT) is pleased to announce that its fourth drill hole at the Mulga Tank Project, MTD007, has discovered a 20 metre wide zone containing variable amounts of disseminated nickel sulphides in an ultramafic unit at the Conductor 1 target within E39/988.
This confirms the presence of two nickel-copper mineralised ultramafic units that extend for at least 150 metres along strike and which both thicken considerably from west to east to define the south-western edge of a “flow channel”. See Figure 1 below.

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(Impact holds 20% and is earning a further 50% from Golden Cross Resources Limited)
For further information please visit the ASX or IPT websites to review the full announcement.

Click here to download this release as a pdf file

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