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Re: News Release - Monday, January 19, 2009
IMPACT Silver Intersects 1,164 g/t Silver over 1.5 meters at
Aurora 1
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IMPACT Silver Corp. ("IMPACT" or "the Company") is pleased to announce
drill results from a grid drill program on the Aurora 1 Zone in the
Mamatla Mineral District. Highlights from the 24-hole, 1,324-meter
drill program include the following:
AURORA 1 ZONE
Drill Top of Estimated
hole No. intercept true width Ag Au Cu Pb Zn
No. (m) (m) (g/t) (g/t) (%) (%) (%)
M08-01 9.2 9.9 196 0.5 0.2 1.7 3.0
incl. 0.6 103 0.3 0.6 11.1 18.9
incl. 0.6 789 0.2 0.4 0.9 1.5
incl. 0.6 1,345 3.2 0.7 2.7 5.0
and 48.6 2.4 303 2.1 0.4 1.4 2.7
incl. 1.1 420 0.5 0.6 2.4 4.8
M08-02 45.6 2.2 389 2.3 0.2 0.6 1.0
incl. 0.5 1,745 9.4 0.8 2.1 3.5
M08-07 8.6 9.2 125 0.5 0.2 1.6 3.0
incl. 0.4 770 5.9 0.7 2.8 5.6
incl. 2.1 219 0.3 0.4 2.9 5.2
M08-08 8.2 6.9 317 1.1 0.1 0.3 0.7
incl. 1.5 1,164 3 0.1 0.6 1.2
incl. 0.3 2,060 5.4 0.3 1.6 2.7
and 60.7 2.3 136 1.6 0.4 1.9 4.7
incl. 0.3 612 4.1 1.0 6.1 11.2
M08-11 32.1 4.1 320 1.3 0.3 2.3 4.2
incl. 1.5 626 2.9 0.8 5.5 10.1
M08-13 23.9 2.2 383 1.0 0.9 1.5 2.6
incl. 0.7 1,155 2.5 2.9 4.5 7.6
M08-24 27.6 4.6 214 0.6 0.3 1.7 3.9
incl. 0.5 683 1.9 0.9 2.7 5.6
incl. 2.4 226 0.5 0.3 2.4 5.4
The holes were drilled over an area of 200m x 200m on a 25m x 50m drill
grid. Other holes delimited the zone to the north and west. The zone
remains open to the south and east for expansion. A map of the drill
grid can be found on the Company's website, www.IMPACTSilver.com. The
shallow depth below surface and orientation of the mineralization
indicate that the zone has potential for low cost open pit mining.
IMPACT won the 200-square-kilometer Mamatla Mineral District in a
government auction in February 2007 and a field crew has been working
there ever since. This is the first drilling carried out in the area
by IMPACT. The Mamatla Mineral District is located immediately
adjacent to and southwest of the Royal Mines of Zacualpan District,
where IMPACT operates several silver mines. Mamatla is host to both
epithermal silver veins and volcanogenic massive sulphide ("VMS") base
and precious metal mineralization. The Aurora 1 Zone reported here and
the nearby Capire Zone (250 meters to the west) are VMS deposits whose
origin is associated with ancient metal-bearing hot springs on the
seafloor. Aurora 1 and Capire are in the same stratigraphy as the
Campo Morado VMS District where Farallon Resources Ltd. (TSE:FAN)
recently began production on the G-9 VMS deposit (5.57 million tonnes
grading 7.3% zinc, 1.0% lead, 1.3% copper, 186 g/t silver and 2.8g/t
gold). The G-9 VMS deposit is located along trend, 45 kilometers
southwest of Aurora 1.
FUTURE PLANS
IMPACT mining engineers are studying the Aurora 1 drill data to
quantify the economics of the zone and make preliminary mine plans.
Samples from the drilling are being sent for metallurgical testing.
IMPACT geologists plan to continue drilling the zone to the south and
east where it remains open for expansion. The nearby Capire VMS Zone
(250 meters to the west) was also drilled at the same time; assays have
been received and results will be reported as soon as the information
is compiled and interpreted.
Nigel Hulme, P. Geo., a Qualified Person under the meaning of Canadian
National Instrument 43 101, is responsible for the technical content of
this news release.
IMPACT Silver Corp. is a mining and exploration company operating in
Mexico with a profitable producing silver operation at the Royal Mines
of Zacualpan, the 200-square-kilometer advanced Mamatla Mineral
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: 604-681-0172
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release.
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Copyright (c) 2009 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$ 25.7 millions as of today (US$ 18.6 millions, € 17.5 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. |