IMPACT
Silver Announces Arrival Of Second Drill And Expanded
Exploration Program At Zacualpan-Mamatla
IMPACT
Silver Corp. ("IMPACT" or "the Company") is pleased to
announce the arrival of a second surface drill at the large
623-square-kilometer Royal Mines of Zacualpan and Mamatla Mineral Districts in Mexico to enhance the
exploration program and build mineral resources for its growing production
profile. The completion of a $15 million financing in late 2010 has enabled the
Company to expedite construction of the new Capire
Mine and pursue greatly expanded exploration programs, including 20,000 meters
of drilling on several fronts.
CAPIRE PROJECT: SILVER-LEAD-ZINC VMS EXPLORATION AND MINE CONSTRUCTION
The Capire Silver-Lead-Zinc VMS Mine Development
Project is located 16 kilometers southwest of the Company's operating Guadalupe
processing plant. At Capire, IMPACT is planning
initial open pit production in late 2011 with construction of a 200-tpd (tonnes per day) pilot plant and plans to expand that plant
once production parameters are established (see the Company's News Release
dated February 1, 2011 for the most recent NI43-101
Mineral Resources at Capire). The Capire
operation represents first production from this new mining district and the start
of a second operating center in IMPACT's large mineral holdings.
The first drill and an exploration team have recently been working at the Capire Deposit. To date, condemnation drilling has been
completed at the planned sites for the Capire
processing plant, tailings dam and rock waste piles in preparation for mine
construction. Mine permitting is underway, and site preparation and surface
stripping is anticipated to commence in late summer. During the coming months,
the drill will continue to test extensions of the Capire
Deposit to the west, south and east where the deposit remains open for
expansion before moving on to Phase One drilling on other nearby VMS
exploration targets. The overall Capire Subdistrict drill program is anticipated to exceed 10,000
meters this year.
GUADALUPE PROJECT AREA: SILVER VEIN EXPLORATION
The second drill supported by an exploration team will continue to drill and
explore silver veins in the Royal Mines of Zacualpan
production centre to build additional mineral resources within short trucking
distance of the operating 500-tpd Guadalupe processing plant. This will include
continued drilling in the Guadalupe-Chontalpan -Cuchara Sector ("GCC Sector"). Highlights from
the GCC Sector drill results to date include 419 g/t Silver across 2.4 m
at Santa Lucia, 4,800 g/t silver across 1.25 m at Golondrinas
and 402 g/t Silver across 2.14 m at Chontalpan
(see IMPACT News Release dated January 20, 2011 for a full summary of 2010 GCC
Sector drill results). Currently, the engineering staff is assessing the
possibility of underground production at Santa Lucia while additional drilling
is planned on Golondrinas and other targets.
IMPACT is also planning to contract an underground drill later this year to
carry out exploration of the Regenerador Vein Cluster
in the Guadalupe Mine, located beside the Company's processing plant. Recent
mining in Guadalupe focused on the Lipton and Trinidad Vein Systems. The Regenerador Veins further to the west, however, are in a
much older part of the mine. Previously a significant portion of the Regenerador Vein Cluster was on mineral concessions owned
by another party and was not mined. Today IMPACT owns all these mineral
concessions and upcoming underground drilling will explore the full vein
system. Initial underground sampling by IMPACT crews in the Regenerador
Vein Cluster included 830 g/t silver and 0.56 g/t gold across 0.8 m true
width exposed over a strike length of 50 m in nine samples, ranging up to 3,020
g/t silver and 0.13 g/t gold across 0.7 m true width from the Santa
Isabella Vein.
CARLOS PACHECO PROJECT AREA GOLD VEIN EXPLORATION
The Noche Buena area is located four kilometers west
of the operating Guadalupe processing plant. Noche
Buena began production in April 2010 on a silver breccia
vein system but exploration crews have found multiple Gold-Copper vein systems
nearby including the Carlos Pacheco Vein, where previous IMPACT drilling
intersected 19.6 g/t Gold across 2.9 m and 11.3 g/t Gold across 2.1 m
(see IMPACT News Release dated December 4, 2008). The Company's mine crews are
currently rehabilitating the extensive old mine workings at Carlos Pacheco to
more completely sample and assess the gold-copper system and IMPACT exploration
crews are preparing other nearby Gold-Silver Vein Systems for Phase One drill
programs in the coming months.
With a track record of successful exploration, rapid mine development and more
than 2,000 old mine workings, most not yet drilled, IMPACT's long term vision
sees potential for establishment of multiple processing plants throughout the
districts, each fed by multiple mines. The building of a second production
center at Capire in 2011 is the next step to
fulfilling this vision.
George Gorzynski, P. Eng., Vice President and
Director of IMPACT Silver, and a Qualified Person under the meaning of Canadian
National Instrument 43 101, is responsible for the technical information in
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 and the adjacent 200-square-kilometer Mamatla
Mineral District which is host to the Capire Mine
Development Project. IMPACT also holds a portfolio of projects with an
operational processing plant at Zacatecas. Additional information on IMPACT and
its projects can be found on the Company's 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
(604) 681 0172 or via email at inquiries@impactsilver.com
Neither TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking
Statements.
This IMPACT News Release contains 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.