Impact Silver Receives Final Drill Results From GCC
(Golondrinas, Cuchara, Chontalpan) Sector, Mexico
IMPACT Silver Corp.
("IMPACT" or "the Company") is pleased to announce drill
results from the final holes of the first phase drill program at the Golondrinas Project and the second phase drill program at
the Chontalpan Project located three kilometers and
five kilometers, respectively, southeast of IMPACT'S 500-tpd ("tonnes per day") Guadalupe processing plant in the
423-square-kilometer Zacualpan Silver District in
central Mexico. Based on the exploration programs completed in both areas, the
Company plans to conduct additional work in each project area, including a
preliminary economic evaluation on the Chontalpan
project. Below is a summary of the recent work completed.
Chontalpan Drilling Area
The results reported in this press release represent step-out holes at 50 m
centers that tested strike and down dip extensions for two drilling areas (Loma
Largo and Chontalpan Mine Northwest) located
approximately 500 m apart (see press release dated August 3, 2010). Previously announced drill
results included 402.6 g/t silver over 2.14 m see (see press release
dated September 15,
2010). This second phase of drilling has successfully added potential
tonnage to these drilling areas and the data will now be handed over to
IMPACT's mine development group for a preliminary economic evaluation.
SECOND PHASE DRILL INTERSECTIONS -
CHONTALPAN DRILLING AREA
|
DRILL
|
VEIN
|
DRILL
|
FROM
|
TO
|
INTERVAL
|
TRUE WIDTH
|
SILVER
|
GOLD
|
LEAD
|
ZINC
|
|
HOLE
|
NAME
|
SECTION
|
(m)
|
(m)
|
(m)
|
(m)
|
(g/t)
|
(g/t)
|
(%)
|
(%)
|
|
|
Loma Largo Sector
|
|
|
|
|
|
|
|
Z10-30
|
Chontalpan
|
00+50 N
|
32.20
|
34.10
|
1.90
|
1.87
|
111.3
|
0.027
|
0.11
|
0.16
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Z10-31
|
Chontalpan
|
00+50 N
|
101.52
|
102.92
|
1.40
|
1.05
|
77.8
|
0.024
|
0.05
|
0.19
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Z10-32
|
Chontalpan
|
00+00 N
|
119.95
|
122.4
|
2.45
|
1.87
|
85.3
|
0.074
|
0.11
|
0.60
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Z11-33
|
Chontalpan
|
00+50 S
|
133.8
|
137.33
|
3.53
|
2.62
|
140.1
|
0.262
|
0.81
|
1.92
|
|
|
Chontalpan
|
including
|
134.85
|
137.33
|
2.48
|
1.84
|
175.6
|
0.369
|
1.14
|
2.71
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Z10-36
|
Chontalpan
|
00+50 S
|
185.10
|
187.03
|
1.93
|
1.87
|
16.2
|
0.036
|
0.72
|
0.99
|
|
|
Chontalpan Mine
Northwest Sector
|
|
|
|
|
|
|
|
Z11-37
|
Chontalpan
|
05+00 S
|
90.79
|
96.60
|
5.81
|
4.38
|
116.5
|
0.022
|
0.17
|
0.76
|
|
Chontalpan
|
including
|
90.79
|
92.52
|
1.73
|
1.30
|
200.5
|
0.017
|
0.15
|
0.32
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Z11-38
|
Chontalpan
|
05+00 S
|
90.82
|
91.50
|
0.68
|
0.48
|
345.8
|
0.03
|
0.07
|
0.33
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Z11-39
|
Chontalpan
|
05+50 S
|
147.90
|
149.10
|
1.20
|
0.84
|
113.0
|
0.01
|
0.07
|
0.18
|
Golondrinas Drilling Area
The results for the Golondrinas
drilling reported here represent the final holes from a first phase program
that tested a variety of targets which were summarized when drilling commenced
(see press release dated August 19,
2010). Previous drilling results released by IMPACT include 1,045 g/t
silver over 1.03 m in drill hole Z10-14 (see press release dated October 19,
2010). Now that all the results for this first phase program have been
received, it is the intention of IMPACT to return to the Golondrinas
Area for a second phase drill program on selected targets in order to expand
the limits of mineralization and further define the higher grade portions. This
program will commence after recommendations have been received from the
Company's exploration staff.
|
DRILL
|
VEIN
|
DRILL
|
FROM
|
TO
|
INTERVAL
|
TRUE WIDTH
|
SILVER
|
GOLD
|
LEAD
|
ZINC
|
|
HOLE
|
NAME
|
SECTION
|
(m)
|
(m)
|
(m)
|
(m)
|
(g/t)
|
(g/t)
|
(%)
|
(%)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Z10-41
|
|
11+00 N
|
110.10
|
111.90
|
1.80
|
1.27
|
88.9
|
0.058
|
0.11
|
0.45
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Z10-42
|
|
10+00 N
|
271.07
|
275.1
|
4.03
|
2.84
|
132.3
|
0.063
|
0.78
|
2.14
|
|
|
|
including
|
272.19
|
273.10
|
0.91
|
0.64
|
377.0
|
0.110
|
1.38
|
4.74
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Z10-43
|
|
06+00 N
|
73.60
|
76.40
|
2.80
|
2.04
|
129.9
|
0.034
|
0.15
|
0.26
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Z11-04
|
|
04+50 N
|
59.00
|
60.30
|
1.30
|
0.83
|
34.4
|
0.40
|
2.10
|
7.06
|
Cerro Cuates
Gold Area
Approximately six months ago, IMPACT prospectors began work in a relatively
unknown area located 2.5 kilometers to the west of the Company's currently
producing Noche Buena Mine. Recent soil sampling
results indicate that many of the known vein structures likely continue to the
west in the area. In addition, the regional metal zoning patterns for the known
vein structures for the Zacualpan District strongly
suggest the likelihood for enhanced gold values. To date, the Company's
exploration team has located 91 old mine workings in a ten-square-kilometer
area, ten of which appear to have had past production. Initial work indicates
there may be at least 40 distinct vein structures, some of which are in excess
of ten meters thick. To date, 509 rock samples have been submitted for assay;
of these, 57 contain greater than 1 g/t gold, and 73 contain greater than 100
g/t silver. Individual high values range up to 72.9 g/t gold and 1,685 g/t
silver.
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 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
Telephone 604 681-0172
Facsimile 604 681-6813
www.IMPACTSilver.com
inquiries@IMPACTSilver.com