PERTH’S Impact Minerals has responded to record palladium prices to extend exploration at its Broken Hill project in NSW.
A new geodynamic framework for the Broken Hill area has presented evidence that a major deposit of high grade nickel-copper-platinum mineralisation has formed in the Broken Hill project bearing similarities to the Junchuan deposit in China, one of the world’s largest magmatic sulphide ore bodies.
Very high-grade primary nickel-copper-PGM-gold mineralisation has been discovered along this complex by Impact at both the Red Hill Prospect and also the Platinum Springs Prospect.
Exceptional grades were returned from drilling at Red Hill including a stand out intercept in vein hosted sulphide of 1.2m at 10.4 g/t platinum, 10.9 g/t gold, 254 g/t (9.5 ounces) palladium, 7.4pc nickel, 1.8pc copper, 19 g/t silver and 0.5pc cobalt.
Platinum Hills also returned excellent results in magmatic massive sulphide.
Impact Minerals Managing Director, Mike Jones said the entire 40 km long belt had been very poorly explored and many targets remain to be followed up.
Impact will make this exploration a focus for the next quarter and will also continue research into the metallurgical recovery of the PGM’s.
