Impact Silver Expands Capire Deposit, Mexico
IMPACT Silver Corp. ("IMPACT" or "the Company") is
pleased to announce additional drill results for the planned open pit Capire mine in the 200-square-kilometer Mamatla Mineral District, in central Mexico. Results
from this expansion drilling have begun to outline additional
mineralization to the north and southeast beyond the limits of the
previously defined Measured and Indicated Mineral Resources totaling 7.2
million ounces silver, 30,446 ounces gold, 95.6 million lbs
zinc and 37.2 million lbs lead (see IMPACT
Silver news release dated February
1, 2011 for details). Highlights from recent drilling
include the following:
CAPIRE ZONE DRILL RESULTS
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|
|
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DRILL
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FROM
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TO
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INTERSECTION
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SILVER
|
GOLD
|
LEAD
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ZINC
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COPPER
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HOLE
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(m)
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(m)
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(m)
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(g/t)
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(g/t)
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(%)
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(%)
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(%)
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C11-36
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74.70
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83.50
|
8.80
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83
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0.18
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0.50
|
1.25
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0.11
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Including
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82.00
|
83.50
|
1.50
|
298
|
0.54
|
1.61
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3.48
|
0.32
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|
|
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|
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C11-38
|
95.50
|
103.00
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7.50
|
53
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0.14
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0.45
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1.13
|
0.09
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Including
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97.00
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98.00
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1.00
|
166
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0.48
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1.53
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3.02
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0.31
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|
|
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|
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C11-39
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54.50
|
56.00
|
1.50
|
206
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0.77
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1.14
|
2.14
|
0.17
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|
|
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C11-41
|
119.40
|
122.00
|
2.60
|
99
|
0.21
|
0.97
|
2.38
|
0.12
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Including
|
119.40
|
120.45
|
1.05
|
152
|
0.31
|
1.29
|
3.34
|
0.19
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|
|
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C11-42
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111.80
|
112.30
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0.50
|
1,160
|
3.74
|
3.86
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8.83
|
0.65
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|
|
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C11-50
|
21.35
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24.40
|
3.05
|
139
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2.95
|
0.52
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1.02
|
0.26
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Including
|
22.85
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24.40
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1.55
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256
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5.62
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0.97
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1.82
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0.49
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Other holes completed during this phase of drilling may also contribute to
expanding the mineralized zone. Initial assays from this drill program
included 304g/t silver, 4.51g/t gold, 1.52% lead, 3.05% zinc and 0.49%
copper across 5.0m (see IMPACT Silver news release dated May 24,
2011 for details). IMPACT engineers are now studying
the possibility of expanding the open pit plan to incorporate these new
drill results. The zone remains open for further expansion.
The Capire Project is in the mine planning and
permitting stage with initial pilot plant production scheduled to start in
late 2011. Production plans at Capire are to
first install a 200-tonne-per-day pilot plant (already purchased) to
optimize mining and processing parameters toward planning for a larger
operation in the future. Surface rights for all mining areas, tailings dam
and the processing plant have been acquired. Condemnation drilling under
the plant site, tailings dam and rock waste piles has been completed in
preparation for mine and plant construction. When in production, Capire will be the Company's fourth active mining
operation and represents a new production district. The orientation and
shallow depth from surface of the mineralization will allow for open pit
mining of a portion of the zone. The project is located 16 kilometers
southwest of the Company's other active mining and processing operations in
the Royal Mines of Zacualpan Silver District.
Wojtek Jakubowski, 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 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 adjacent 200-square-kilometer Mamatla
Mineral District which includes the Capire Mine
Development Project 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
(604) 681 0172 or via email at inquiries@impactsilver.com
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
Telephone 604 681-0172
Facsimile 604 681-6813
www.IMPACTSilver.com
inquiries@IMPACTSilver.com
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