JOHANNESBURG (miningweekly.com) – ASX-listed uranium, gold and nickel explorer Impact Minerals may spin out its gold and gold/copper assets and list them in a separate company next year, it said on Tuesday.

Impact’s gold and gold/copper portfolio in Queensland comprises a ground holding of about 6 000 km2, and the company said on Tuesday that it was looking at options to increase shareholder value.

Meanwhile, Impact reported that follow-up ground exploration work had started on its Drummond Basin gold project, in Queensland.

The Basin was one of Australia’s most prospective areas for epithermal vein and stockwork-style gold deposits, and for bulk tonnage disseminated gold and gold-copper deposits.

In addition, compilation of previous exploration work has started on the recently granted tenements at Impact’s two other gold and gold/copper projects in Queensland, namely the Killarney project and the Moly King project.

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