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Impact Silver Extends Strike Length Of Chivo Mine; Drills 12.3
Meters Of 6% Zinc And 2% Lead
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IMPACT Silver Corp. ("IMPACT") is pleased to announce that continued
drilling on extensions of the Chivo Mine has significantly extended the
trend northward and has intersected strong mineralization.
The Chivo Mine, located in the Royal Mines of Zacualpan Silver District
in Mexico, achieved commercial production in early 2008 based on
successful exploration over the past two years. The mine was put into
production based on 21 drill holes and sampling of old workings. This
news release reports on an additional five holes drilled on the
northern extension of the Chivo Zone. Beyond these results, there have
been a further 20 holes completed on both the northern and southern
extensions of the Chivo Zone. Assays are pending. The main Chivo Zone
remains open in all directions for further expansion.
Highlights of the additional holes drilled on the northern extension of
the Chivo Zone are as follows:
CHIVO NORTH EXTENSION DRILL HOLES (MAIN VEIN)
TOP OF ESTIMATED
INTERCEPT TRUE WIDTH ZINC LEAD SILVER
DRILL HOLE No. (m) ("TW") (m) (%) (%) (g/t) GOLD (g/t)
SECTION 1060N (Sections are listed from south to north, drill holes
are listed from west to east.)
Z07-49 157.5 8.8 5.62 1.64 62 0.14
Including: 1.0 14.94 3.52 57 0.33
Including: 0.2 29.50 5.83 70 1.13
SECTION 1090N
Z07-45 97.7 0.2 5.35 1.27 1,080 0.34
Z07-46 127.7 3.0 8.40 3.56 274 0.26
Including: 1.3 15.20 6.20 139 0.17
Z07-47 124.4 12.3 6.03 2.05 105 0.14
Including: 7.4 8.73 3.01 150 0.21
Including: 1.8 15.59 5.85 369 0.34
The deepest holes on both these sections were the widest and highest
grade intersections leaving the zone open for expansion to depth and to
the north. Drill hole Z08-49 was drilled at depth on the same section
as drill hole Z07-08-11 (see IMPACT news release dated July 12, 2007)
and extended the zone of mineralization an additional 50 meters down
dip. Drill holes Z08-45 through Z08-48 were drilled on a new section 30
meters north of any previous drilling.
On a deposit scale, the Chivo Zone is showing itself to be increasingly
zinc and lead-rich to the north where these holes were drilled and
silver-rich to the south where IMPACT has recently completed additional
drill holes (assays pending).
Chivo was discovered in 2005 when IMPACT crews found high-grade veins
in old mine workings (see IMPACT news release dated September 7, 2005).
Samples from the veins assayed 1,095 g/t silver and 0.38 g/t gold
across 1.25 meters TW in the workings and 2,640 g/t silver and 1.36 g/t
gold across 0.85 meters on surface. Subsequent drill programs
consisting of 21 holes returned highlights of 937 g/t silver, 0.35 g/t
gold, 1.88% zinc and 0.75% lead across 2.7 meters TW (Drill hole
Z-06-10) and 378 g/t silver, 0.30 g/t gold, 4.25% zinc and 1.76% lead
across 4.7 meters TW (Drill hole Z07-03) (see IMPACT news releases
dated October 12, 2006 and July 12, 2007). To date, 41 drill holes have
been completed on the zone (assays pending for 15 holes) and additional
drilling is planned to begin in May 2008.
Fred Davidson, President of IMPACT Silver, states, "Chivo continues to
deliver wide zones of high grade mineralization with each step out in
the drill grid. This drilling success is rapidly growing this zone and
nearby zones to where we are now looking at the Chivo area as a second
major mining hub in the district. With the huge land package we control
and the exploration successes we are having throughout the area, we
envision a future with multiple mining and processing centres spread
over the entire district."
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 (5.71 cm diameter). Half core samples were collected with
a rock saw and tagged for identification. 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. All samples were securely stored at the IMPACT base camp until
shipment. A total of 5% assay standards and 5% 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 2 mm 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 analyzed for an additional 30 elements by ICP
spectrometry.
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 with a producing 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.
900-543 Granville St.
Vancouver, BC Canada V6C 1X8
www.IMPACTSilver.com
Telephone 604 681 9501
Facsimile 604 681 6813
inquiries@IMPACTSilver.com
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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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