IMPACT Silver
Intersects Additional High Grade Silver: 1,007g/t Silver across 5.65m at
Oscar Area, Mexico
IMPACT Silver Corp ("IMPACT" or "the Company") is
pleased to announce further high grade silver values from the first phase
drill program on the Oscar Project. Highlights include 1,007 g/t Silver
across 5.65m and 1,128 g/t Silver across 2.75 meters. Oscar is
located only 2.5 kilometers east of the Company's operating 500-tpd (tonnes per day) Guadalupe processing plant in the
423-square-kilometer Royal Mines of Zacualpan
District of central Mexico. These results are in addition to previously
announced results from the Oscar Project which included multiple
intersections over 1,000 g/t Ag (see IMPACT News Release
dated October 20, 2011).
New results from this first phase drill program are as follows:
Oscar Area Drill Results
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Drill
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Section
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From
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To
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Intersection
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Silver
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Gold
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Lead
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Zinc
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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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Z11-45
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18+00N
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118.30
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118.60
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0.30
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530
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0.02
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0.2
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0.2
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And
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130.20
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132.50
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2.30
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119
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0.00
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0.1
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0.4
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Including
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130.20
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130.80
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0.60
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362
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0.01
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0.4
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1.2
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Z11-46
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17+50N
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92.10
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97.75
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5.65
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1,007
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0.07
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0.5
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1.1
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Including
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96.70
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97.75
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1.05
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4,580
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0.26
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1.7
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4.0
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And
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108.95
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111.70
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2.75
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1,128
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0.51
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0.9
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1.4
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Including
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109.70
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110.80
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1.10
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2,630
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0.40
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0.8
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2.2
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And
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135.65
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137.60
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1.95
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111
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0.01
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0.1
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0.5
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Including
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135.65
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135.95
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0.30
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537
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0.05
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0.5
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3.1
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Z11-47
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17+50N
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116.60
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122.40
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5.80
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122
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0.01
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0.1
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0.2
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These Oscar drill results are from multiple veins in a wide vein corridor
(Oscar Vein Corridor) located on the southern extensions of the large Cuchara Mine, a former producer that last operated in
2004 (see IMPACT News Release dated October 20, 2011). This 2011 Oscar area
drill plan was initially conceived to test an area of high potential, yet
poorly known mineralization that if successful would provide a profitable
underground mine access route to the Santa Lucia area located immediately
to the southeast, which in turn may lead to a more extensive and
comprehensive mining plan for the combined Oscar-Santa Lucia area. Previous
drilling at Santa Lucia included drill assays of 466g/t silver across 3.2m
(see IMPACT News Releases dated October 6, 2009, December 16, 2009 and July
27, 2010 for full Santa Lucia results).
On the basis of these results, a second phase drill program was recently
begun in the Oscar area. The purpose of this program is to firstly, better
define the structural interpretation for the drill intersections through
infill drilling at different orientations; secondly, to confirm the
continuity of the silver mineralization; thirdly, to expand the Oscar Vein
Corridor mineralization to the north, where it may connect with the Cuchara Mine underground workings; and, lastly, to
expand this mineralization to the south where it may connect with the Santa
Lucia mineralization. If successful, the Oscar Vein Corridor may be
developed toward production.
Following this program, additional drilling in the Santa Lucia area is
planned to further define the structure and continuity of the
mineralization previously encountered (see IMPACT News Releases dated
October 6, 2009, December 16, 2009 and July 27, 2010 for full results).
Should this drilling confirm sufficient mineralization, then the Oscar and
Santa Lucia areas may be fast tracked into production utilizing the
existing mining infrastructure of the Cuchara
Mine which includes a nearby modern mine access ramp located within 150
meters of the drill intersections reported here. This pre-existing nearby
mining infrastructure, its relative position at elevations below the Oscar
and Santa Lucia drill intersections, and the short transport distance to
the Guadalupe processing plant should result in a low cost structure for
potential mining operations in this area.
Brian 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 silver focused mining and exploration company
operating in Mexico with a producing silver operation at the
423-square-kilometer Royal Mines of Zacualpan
Silver District, the 200-square-kilometer advanced Mamatla
Silver District including the Capire Mine
Development Project, and an option agreement for a major share position in
Defiance Silver Corp. in return for the Company's 200-tpd mill and mineral
concessions in the Zacatecas Silver District. Additional information 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
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 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 Telephone 604 681-0172
Vancouver, BC, Canada V6C 1X8 Facsimile 604 681-6813
www.IMPACTSilver.com inquiries@IMPACTSilver.com
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