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.
(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.