Priority Nickel Targets Identified at Yarrabubba Joint Venture Project, WA
SUMMARY
• Regional soil geochemistry at the Yarrabubba Joint Venture Project near Meekatharra in Western Australia has defined 7 priority targets for nickel mineralisation;
• The Yarrabubba Project covers a large (>50 km) diameter meteorite impact structure that has similar geological features to those at the large Sudbury mining camp in Canada that has produced about 20% of the World’s nickel;
• In addition one target each for gold, tin and porphyry molybdenum-copper-zinc style mineralisation have also been identified;
• None of these 10 areas have been drilled. Selection of areas for drilling to be done in the March Quarter 2010;
• Detailed follow-up mapping and soil sampling is in progress to define specific drill targets;
• Impact Minerals has a 20% share of the Yarrabubba Project and is in Joint Venture with CITIC Nickel Australia Pty Ltd (60%) and four private investors (20%).
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