IMPACT owns a large (21,383 Ha) contiguous package of mineral concessions in the eastern Dominican Republic in the Caribbean Sea. This land package forms a highly prospective exploration area for high sulphidation epithermal gold and porphyry copper-gold mineralization. IMPACT's concessions are underlain by the Early Cretaceous Los Ranchos Formation. Some 100 km to the west, the Los Ranchos Formation is host to Barrick's world class Pueblo Viejo high sulphidation epithermal gold deposit, with 5 million ounces of oxide-hosted gold mined historically and 20 million ounces of sulphide-hosted gold reserves still in place.
The prospective northwest trending structure that controls gold mineralization extends for fifteen kilometers on the property. Further prospecting, geological mapping and sampling around this and other large scale structures and possible intrusive centers are recommended. Elsewhere on the property, the Las Cayas Zone that returned assays up to 44.4 g/t Au and 509 g/t Ag in float boulders, has not been drilled and warrants further exploration.
