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IMPACT Silver Intersects 6.96g/t Gold across 4.24m at Huatecosco
Gold-Silver Prospect, Mexico
IMPACT Silver Corp. ("IMPACT") is pleased to announce significant
gold values from the first phase drill program on the Huatecosco
Gold-Silver Vein. Huatecosco is located 9.5
kilometers due south of IMPACT'S 500 tonne/day
Guadalupe processing plant in the 423-square-kilometer Royal Mines of Zacualpan District of central Mexico.
Results from this first phase drill program, which tested the Huatecosco Vein along strike and down dip for 250 meters,
include the following:
SUMMARY OF
FIRST PHASE DRILL INTERSECTIONS - HUATECOSCO AREA
|
DRILL
HOLE
|
VEIN
NAME
|
DRILL
SECTION
|
FROM
(m)
|
TO
(m)
|
INTERVAL
(m)
|
TRUE WIDTH
(m)
|
GOLD
(g/t)
|
SILVER
(g/t)
|
LEAD
(%)
|
ZINC
(%)
|
|
|
|
Z11-15
|
HUATECOSCO
|
26+50 SE
|
92.55
|
98.00
|
5.45
|
4.00
|
1.19
|
58.5
|
1.42
|
1.95
|
|
|
|
including
|
92.55
|
94.05
|
1.50
|
0.75
|
3.82
|
149.0
|
4.10
|
3.80
|
|
|
|
Z11-16
|
HUATECOSCO
|
26+50 SE
|
156.95
|
159.20
|
2.25
|
1.95
|
0.98
|
82.6
|
0.14
|
0.26
|
|
|
|
Z11-17
|
HUATECOSCO
|
27+00 SE
|
54.51
|
59.25
|
4.74
|
3.23
|
3.44
|
117.6
|
0.59
|
0.81
|
|
|
|
including
|
55.08
|
57.40
|
2.32
|
1.64
|
2.29
|
217.2
|
0.97
|
1.19
|
|
|
|
Z11-18
|
HUATECOSCO
|
27+00 SE
|
91.05
|
96.17
|
5.12
|
2.55
|
0.72
|
53.3
|
0.81
|
0.71
|
|
|
|
Z11-19
|
HUATECOSCO
|
26+00 SE
|
110.55
|
117.4
|
6.85
|
4.41
|
1.60
|
159.2
|
0.22
|
0.30
|
|
|
|
including
|
114.65
|
117.4
|
2.75
|
1.76
|
3.53
|
320.8
|
0.43
|
0.57
|
|
|
|
Z11-20
|
HUATECOSCO
|
26+00 SE
|
167.90
|
178.20
|
10.30
|
9.48
|
3.97
|
48.7
|
1.69
|
2.62
|
|
|
|
including
|
167.90
|
172.50
|
4.60
|
4.24
|
6.96
|
84.3
|
2.89
|
5.11
|
|
|
|
Z11-23
|
HUATECOSCO
|
26+50 SE
|
344.90
|
347.23
|
3.15
|
2.72
|
0.96
|
25.7
|
0.28
|
1.52
|
The Huatecosco Vein is one of several gold rich
veins in this part of the District which are different from the silver rich
veins that IMPACT is currently mining further to the northeast. Huatecosco is a northwest trending structure that is one
of longest in the Zacualpan District, having a
measured and inferred strike length in excess of 16 kilometers. Currently
this structure is thought to be a major regional fault, from which numerous
north-northwest trending structures propagate including the Nochebuena Vein (where IMPACT is currently mining) and
the gold-rich Carlos Pacheco Vein where previous drill results included
19.6g/t gold across 2.9m (see IMPACT news releases dated January 20, 2011 and
December 4, 2008 respectively for exploration and mining results for these
other structures).
The focus of this current drill program was the southeastern end of the Huatecosco Vein where IMPACT's exploration staff has
recently outlined three en-echelon gold-silver-lead-zinc-copper soil
anomalies that host a number of old mine workings. Drill results in this news
release are from the central anomaly (the Main Huatecosco
Zone) which is the largest (measuring 400 by 300 meters) with individual soil
values up to 6.36 g/t gold and 337 g/t silver. This anomaly hosts the
historic Hueyetcosco and San Ron Mines, which
produced rock samples grading up to 189 g/t gold and 1,240 g/t silver. Other
drill holes not reported in the table include Z11-21 and 22 which intersected
a thinner, lower grade portion of the Huatecosco
Vein at the southeastern margin (L27+50 SE).
In addition IMPACT is currently awaiting assays from ten other holes (Z11-24
to 33), all of which intersected the Huatecosco
Vein with widths in excess of two meters. More specifically holes Z11-24 to
26 were completed on a second soil anomaly located five hundred meters along
strike to the southeast. Located in this area is the old El Ingerto Mine, from which rock samples produced assays of
531 g/t silver, and 0.533 g/t gold. Holes Z11-27 to 29 focused on expanding
the Main Huatecosco Zone to the northwest and downdip of the holes reported in this press release.
Finally holes Z11-30 to Z11-33 were completed on a third soil anomaly located
350 meters to the northwest, which measures 250 by 150 meters. This anomaly
hosts the Watecosco, Pedro and Jocoyala
underground workings from which rock samples grade up to 1.6 g/t gold and 170
g/t silver, along with values of 10.1% Zinc and 10.3% Lead.
Until these pending assays are received, the drill has moved to the area of
the Oscar Vein, located in the Zacualpan District,
2.5 kilometers east of the Guadalupe processing plant. The Oscar, along with
the La Cuchara, La Marquesa,
and BTH 236 Veins, represents a cluster of high-grade silver veins, all of
which have historically been in production. Previous drilling by IMPACT on
the Oscar Vein returned values of 1.83 g/t gold, 2,820 g/t silver, 3.48%
lead, and 7.83% zinc over 0.30 meters (see IMPACT News Release dated January
25, 2007). This corridor of high-grade veins represented by the Oscar is very
strategically located in that it trends directly into the previously drilled
Santa Lucia Veins (see IMPACT News Releases dated December 16, 2009, October
9, 2009). It is hoped that this new drilling will build high grade mineral
tonnages along a potential mine access to the Santa Lucia area.
Brian V. Hall, P. Geo 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.
IMPACT Silver Corp. is a profitable silver-focused mining and exploration
company operating in Mexico with a producing silver operation at the
423-square-kilometer Royal Mines of Zacualpan
District, the Capire Mine Development Project in
the adjacent 200-square-kilometer Mamatla Mineral
District and a portfolio of projects with an operational processing plant at
Zacatecas. Additional information including drill plans can be found on the
company website at www.IMPACTSilver.com.
On behalf of the Directors of IMPACT Silver Corp.,
"Frederick W.
Davidson"
President & CEO
For further information, please contact:
Sunny Pannu, Investor Relations
The TSX Venture Exchange does not
accept responsibility for the adequacy or accuracy of this news release.
Forward-Looking Statements
This IMPACT News Release may contain certain "forward-looking"
statements and information relating to IMPACT that are
based on the beliefs of IMPACT management, as well as assumptions made by and
information currently available to IMPACT management. Such statements reflect
the current risks, uncertainties and assumptions related to certain factors
including but not limited to, without limitations, exploration and
development risks, expenditure and financing requirements, title matters,
operating hazards, metal prices, political and economic factors, competitive
factors, general economic conditions, relationships with vendors and
strategic partners, governmental regulation and supervision, seasonality,
technological change, industry practices, and one-time events. Should any one
or more risks or uncertainties materialize or change, or should any
underlying assumptions prove incorrect, actual results and forward-looking
statements may vary materially from those described herein. IMPACT does not
assume the obligation to update any forward-looking statement.
1100-543 Granville Street
Vancouver, BC, Canada V6C 1X8
www.IMPACTSilver.com
inquiries@IMPACTSilver.com
Telephone 604 681-0172
Facsimile 604 681-6813
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