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Impact Silver Announces Chivo Drill Results
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IMPACT Silver Corp. ("IMPACT") is pleased to announce drill results
from the Chivo Silver Shoot, as well as a new discovery named Chivo
Northeast Zone at the Royal Mines of Zacualpan Silver Project, Mexico.
These are the initial results from the first area tested in our 2007
Zacualpan 10,000m drill program.
CHIVO SILVER SHOOT
The Chivo Silver Shoot is located in the southern part of the Zacualpan
silver district. Field sampling by IMPACT personnel in 2005 found a
main vein and splay in old mine workings at Chivo (see news release
dated September 7, 2005). Samples from the western vein assayed
1,095g/t silver and 0.38g/t gold across 1.25m true width in the
workings and 2,640g/t silver and 1.36g/t gold across 0.85m on surface.
Highlights of an initial drill program in 2006 returned an intercept of
937g/t silver over 2.7m including 2,380g/t silver and 4.83% zinc over
0.7m (see news release dated October 12, 2006).
The 2007 drill program at Chivo was designed to test the outer limits
of the high grade silver shoot for mine planning purposes. Significant
results from recent holes drilled at Chivo are as follows:
http://www.impactsilver.com/i/misc/impactjuly12_table_01.gif
The other 2007 drill holes successfully delineated the northern and
down dip edges of the zone for mining purposes, as well as determining
that the shoot is still open for expansion to the south. The Chivo
Silver Shoot, as defined to date, measures 100m horizontal and 220m
down dip. Based on the success of this drill program and prior work,
the Chivo Silver Shoot is scheduled to be put into production by the
end of 2007 adding significant volumes to our daily mill throughput.
Mine preparation work and permit applications have already commenced.
CHIVO NORTHEAST ZONE
Three drill holes testing a target 120m to the northeast of the Chivo
Silver Shoot, discovered a significant zone of mineralization that may
be the margin of a second mineral shoot. Initial assays from these
holes returned the following results:
http://www.impactsilver.com/i/misc/impactjuly12_table_02.gif
* Silver Equivalent grades listed in the tables of this news release
were calculated as 'in the ground' values, with no provision made for
production or processing recovery allowances. Metal prices used for the
calculations were US$12.00 per ounce silver, US$650 per ounce gold,
US$1.40 per pound zinc and US$1.20 per pound lead.
Presently, very little is known about this target. It is open for
expansion to the northeast and down dip. More drilling is planned for
this new discovery in the near future.
George Gorzynski, P.Eng. and Nigel Hulme, P. Geo., Qualified Persons
under the meaning of Canadian National Instrument 43-101, are
responsible for the technical content of this news release. Drill core
was NTW size (5.71cm diameter) and BTW size (4.20 cm diameter). Half
core samples were collected with a rock saw, tagged for identification
and securely stored at the IMPACT base camp until shipment. Chip and
channel samples were collected from cleaned rock faces in old mine
workings and from bedrock outcrops over a continuous representative
interval using a moil and hammer. A total of 5% assay standards and
blanks were inserted into every sample shipment as a quality control
measure. All samples were shipped to the ALS Chemex preparation
laboratory in Guadalajara, Mexico, where they were fine crushed (70%
passing a 2mm screen), pulverized (85% passing a 75 micron screen) and
pulp split separated for assay by a riffle splitter. These pulps were
shipped to the ALS Chemex laboratory in North Vancouver, Canada, where
a 30-gram split of each was assayed for gold and silver by standard
fire assay and a 10-gram split was analysed for an additional 30
elements by ICP spectrometry.
IMPACT Silver Corp. is a silver mining and exploration company focused
in Mexico, with a producing silver operation at Zacualpan, an advanced
project with a producing mill at Zacatecas and the 200km2 advanced
Mamatla Silver District. Energold Drilling Corp. (EGD:TSX.V), who was
the contractor for the drill program, owns 6.6 million shares of
IMPACT.
On behalf of the Directors of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO
For further information, please contact:
Darrell Rader - Corporate Development
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release.
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Copyright (c) 2007 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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