Impact brings forward WA drill program

08 September 2007 | 07:22 Code : 15180 Geoscience events
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Impact Minerals will start a new drill program this week – a month earlier than....

  Impact Minerals will start a new drill program this week – a month earlier than expected – on the main uranium target within its Quinns Lake Project near Meekatharra in Western Australia.Impact yesterday announced the completion of Aboriginal Heritage Surveys over the 100 percent-owned project.Impact’s Managing Director, Dr Mike Jones said the heritage surveys were a long and eagerly awaited key component of the company’s Quinns Lake approvals process.“We can now proceed with a more active exploration program,” Dr Jones said. “We are also pleased to advise that the company has secured a lake rig at short notice that is able to commence drill testing for extensions to the Nowthanna Uranium Deposit this week – one month earlier than planned.” “A program of about 1500m of air core drilling is planned and has been designed to test for calcrete hosted uranium to the south and southwest of the existing deposit,” he said.An Inferred Resource has been calculated for the Nowthanna deposit in accordance with the JORC 2004 Code and the portion of the resource attributable to Impact – 100 percent of the Quinns Lake Project and 20 percent of the Yarrabubba Project in Joint Venture with CITIC Resources – is 3.92 million tonnes, at an average grade of 450ppm for a contained 1,800 tonnes of uranium oxide. “The resource has not been closed off and is open to the south, within our Quinns Lake Project and to the east within the Yarrabubba Project area,” Dr Jones said.

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