Impact Project

Impact Project – Pilbara Craton

Pacton has a binding agreement to acquire 100% of the shares in Drummond East Pty Ltd, an arm’s length Australian proprietary limited exploration company wholly owned by Impact Minerals Limited (ASX: IPT). Drummond East holds seven granted tenement licenses, comprising of a total of 1,126 sq km in the Beatons Creek, Nullagine and Mable Bar areas of the eastern Pilbara Craton.

Impact Project Highlights

Impact Gold Project: Prospectivity for Conglomerate Gold Nugget Deposits

The seven 100% owned and fully granted tenements cover 1,126 sq km of ground prospective for conglomerate-hosted gold in the Pilbara region of Western Australia (Figure 1). They were staked after an extensive review by Impact, following the discovery of gold in conglomerates at the base of the Fortescue Group by Artemis Resources Limited (ASX: ARV) and the subsequent joint venture with Novo Resources Corp.

Pacton Australia Regional Figure 1

Figure 1: Pilbara region map of Western Australia.

A preliminary review and synthesis of previous exploration data and mapping by the Geological Survey of Western Australia (GSWA) indicates the two most prospective conglomerate horizons within the Fortescue Group occur within or immediately adjacent to the licences (Figure 2):

Previous exploration indicates that the prospective conglomerates occur over at least 90 km of trend at or close to surface within the licences, in particular to the west and east of Marble Bar, as well as close to the Beatons Creek deposit near Nullagine.

West of Marble Bar, previous exploration in the district highlighted several gold occurrences associated with the conglomerate horizons on and along trend from Impact’s licence applications EL45/4972 and EL45/4971 (Figure 3).

Pacton Australia Regional Figure 1

Figure 2. Location of Pacton’s new licences in the Marble Bar-Nullagine region

Four main gold-bearing conglomerate occurrences have been discovered that demonstrate similar characteristics to those that occur within the Witwatersrand Basin including:

The Impact Project contains the three key characteristics that are prospective for conglomerate gold deposits in the Pilbara craton. These are:

Pacton Australia Regional Figure 1

Figure 3. Interpreted bedrock geology map surrounding two of Impact’s Licences west of Marble Bar showing the prospective conglomerate horizons within the Fortescue Group with key gold

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