Impact struck by 'exceptional' nature of Silica Hills

DRILLING by Impact Minerals at its Silica Hill prospect north of Orange in New South Wales has hit high-grade silver, with the junior claiming the grades and minerals in the vein system it has discovered are “exceptional and confirm the unique nature of this deposit in Australia”.

Impact struck by 'exceptional' nature of Silica Hills Impact struck by 'exceptional' nature of Silica Hills Impact struck by 'exceptional' nature of Silica Hills Impact struck by 'exceptional' nature of Silica Hills Impact struck by 'exceptional' nature of Silica Hills

The hits included 22.5m grading 1.7 grams per tonne gold and 276gpt silver from 166.7m downhole, with Impact saying the results suggest the mineralised system is getting better at depth.

“All of the work to date by Impact indicates that the mineralised system at Silica Hill is very large and extends for at least 500 metres down dip from surface and large areas remain untested by drilling,” Impact told the market.

“It is evident that there is significant exploration upside in the area.

“The nature of the mineralisation at Silica Hill with the extensive visible silver minerals proustite and pyrargyrite is unique in Australia.”

Further drilling is planned, with “statutory ap...