=======================================================================
Re: News Release - Thursday, July 03, 2008
Impact Announces Sale Of San Sabino Concession In Zacatecas
=======================================================================
IMPACT Silver Corp. ("IMPACT") announces that it has sold its 35%
interest in the San Sabino concession in Zacatecas to Apex Silver Mines
Limited ("Apex") for US$325,000 plus a retained 1% Net Smelter Return
Royalty purchasable by Apex for US$1 million. San Sabino was not
considered to be a core holding for IMPACT. IMPACT will retain a
future benefit in the concession through its retained NSR royalty
interest.
The San Sabino concession is located in the northwest part of the
Zacatecas District. IMPACT optioned the concession to Yale Resources
(see IMPACT news release dated October 18, 2006) and earlier this year
Yale completed its earn in of 65%. IMPACT holds 16 other concessions
in the Zacatecas Silver District and has an option to purchase a
producing 200 tonne per day processing plant in the middle of the
district.
IMPACT Silver Corp. is a silver focused mining and exploration company
operating in Mexico with a producing silver operation at the 125 square
kilometer Royal Mines of Zacualpan, the 200 square kilometer advanced
Mamatla Silver District and a portfolio of projects with a producing
mill at Zacatecas. Energold Drilling Corp. (EGD:TSX.V) who is the
contractor for the ongoing 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
Telephone: 604 681 9501
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release.
=======================================================================
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
=======================================================================
.
|
Impact Silver Corp
|
|
PRODUCER |
CODE : IPT.V |
ISIN : CA45257A1021 |
|
| |
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$ 26.5 millions as of today (US$ 19.3 millions, € 18.1 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. |