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Phase One of the exploration program will include data compilation, mapping and extensive sampling in order to catalogue and evaluate the numerous old silver prospects and former mines on IMPACT's properties. The results of this work will outline priority targets to be tested by a Phase Two drill program. Mapping and sampling will continue during Phase Two in preparation for further drilling in 2005. IMPACT's goal is to carry out extensive exploration and engineering studies over the next three years leading to the discovery, expansion and upgrading of reserves and operations in order to re establish Zacualpan as a modern profitable mining operation.
IMPACT holds rights to its Zacualpan assets through two option agreements with private Mexican companies (see June 17, 2004 news release for details). These assets include mineral concessions covering most of the important silver prospects in the district as well as two producing silver mines and a processing plant currently operating at 300 tonnes per day.
The Zacualpan Silver District is located in the Taxco Silver Region 100km southwest of Mexico City and 25km northwest of the well-known Taxco Silver Mine. It is a classic Mexican epithermal silver district with an abundance of veins that have seen historic production. Veins presently being mined on the property typically vary from 3 to 5 metres in width. Individual mineralized shoots are reported by mine staff to be 50 to 150 metres long and are steeply dipping. Cut off grade is presently about 230g/t Ag equivalent but very high grades are known in some upper level zones. An example of this is the recent development work done on the Compadres Vein that has exposed an old mine stope with a median grade of 680g/t Ag and 0.3g/t Au over 0.90m ranging up to 1,128g/t Ag and 0.2g/t Au over 1.9m. A recent single drill hole intersection 50m below this old stope by the Mexican owners is reported to have intersected 3.3m grading 1,463g/t Ag and 0.2g/t Au. This Compadres Vein will be one of the early targets for drill testing by IMPACT.
Results from IMPACT's exploration work and further details on mineralization, exploration potential and mining/processing operations will be reported as work proceeds.
George Gorzynski, P.Eng., a Qualified Person under the meaning of Canadian National Instrument 43-101 and Vice President, Exploration of IMPACT prepared the technical information in this news release.
Vancouver-based IMPACT Minerals International Inc. is a silver and gold focused exploration and development company with projects in Mexico and the Dominican Republic. IMPACT is 40% owned by Energold Mining Ltd. (EGD:TSX.V)
On behalf of the Directors of IMPACT Minerals International Inc.
"Frederick W. Davidson"
President
For further information please contact:
Fred Davidson - President or
Darrell Rader - Corporate Development
The TSX Venture Exchange has neither approved nor disapproved this news release.
900-543 Granville St.
Vancouver, B.C. V6C 1X8
Telephone 604 681-9501
Facsimile 604 681-6813
www.IMPACTmin.com
info@energold.com
