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Impact Silver Acquires Mamatla District Data
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IMPACT Silver Corp. ("IMPACT") is pleased to announce the signing of an
agreement to acquire a large amount of technical data on its Mamatla
Silver District that includes results from exploration work carried out
in the 1990's. The data includes extensive geological, geochemical and
geophysical information mainly related to historic exploration for
volcanogenic massive sulphide deposits in the area. IMPACT will use
this data to enhance its ongoing exploration efforts at Mamatla.
Subject to approval of the agreement by the TSX Venture Exchange, under
terms of the agreement, IMPACT shall pay Valgold Resources Ltd. (TSX.V:
VAL) a total of 50,000 shares in two stages: 25,000 shares within seven
days of TSX Venture Exchange approval of the agreement and 25,000
shares upon acquisition of substantially all of the data.
IMPACT Silver Corp. is a silver-focused mining and exploration company
operating in Mexico with a producing silver operation at the Royal
Mines of Zacualpan, the 200-square-kilometer advanced Mamatla Silver
District and a portfolio of projects, including an option on a mill at
Zacatecas.
On behalf of the Directors of IMPACT Silver Corp.
"Frederick W. Davidson"
President, CEO
For further information, please contact:
Darrell Rader, Corporate Development
Telephone: 604-681-9501
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release.
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Copyright (c) 2008 IMPACT SILVER CORP. (IPT) All rights reserved. For
more information visit our website at http://www.impactsilver.com/ or
send mailto:inquiries@impactsilver.com
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Impact Silver Corp
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PRODUCER |
CODE : IPT.V |
ISIN : CA45257A1021 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Impact Silver is a silver producing company based in Canada. Impact Silver produces silver, lead and zinc in Mexico, develops copper, gold, lead, silver and zinc in Mexico, and holds various exploration projects in Mexico. Its main asset in production is ZACUALPAN in Mexico, its main asset in development is CAPIRE in Mexico and its main exploration properties are ZACATECAS (VETA GRANDE), MAMATLA AURORA, OSCAR, SAN SABINO ZACATECAS and HUATECOSCO in Mexico. Impact Silver is listed in Canada and in Germany. Its market capitalisation is CA$ 24.4 millions as of today (US$ 17.8 millions, € 16.5 millions). Its stock quote reached its highest recent level on March 07, 1997 at CA$ 4.25, and its lowest recent point on January 25, 2002 at CA$ 0.01. Impact Silver has 85 570 000 shares outstanding. |