The Nido de Oro area is located 4.5 kilometers due west of IMPACT's Guadalupe processing plant. The first drill hole completed on the main Horqueta Vein returned the following assays:
| NIDO DE ORO AREA (HORQUETA VEIN) | ||||||||
|---|---|---|---|---|---|---|---|---|
| DRILL HOLE | FROM (meters) | TO (meters) | INTERSECTION (meters) | TRUE WIDTH (meters) | SILVER (g/t) | GOLD (g/t) | LEAD (%) | ZINC (%) |
| Z09-13 | 85.4 | 91.6 | 6.2 | 5.0 | 227.8 | 2.20 | 1.18 | 3.71 |
| Including | 85.4 | 87.9 | 2.5 | 2.0 | 342.9 | 5.22 | 1.24 | 4.08 |
This main northeasterly dipping Horqueta Vein has been traced on surface for 1.9 kilometers and a series of southwesterly dipping veins, including the Armadillo and Nido de Oro Veins, have been found 50 meters to the west. Surface samples from hand trenching of the Horqueta Vein over a 550 meter length have returned values up to 639 g/t silver and 0.5 g/t gold over a 0.9 meter width. The Armadillo vein has been mapped and sampled in historic underground workings over a 100 meter strike length and has returned values up to 679 g/t Ag and 1.4 g/t gold over a width of 0.5 meters. The Horqueta Vein mineralization is open for expansion to the north and additional drill pads have been constructed for further drilling.
The Las Aguilas area is located 4.2 kilometers southwest of IMPACT's Guadalupe processing plant. It is host to a series of southwesterly dipping veins that are partially exposed in historic underground workings and in outcrops where rock chip samples returned up to 287 g/t silver and 3.25 g/t gold.
| LAS AGUILAS | ||||||||
|---|---|---|---|---|---|---|---|---|
| DRILL HOLE | FROM (meters) | TO (meters) | INTERSECTION (meters) | TRUE WIDTH (meters) | SILVER (g/t) | GOLD (g/t) | LEAD (%) | ZINC (%) |
| SECTION 2050N | ||||||||
| Z09-07 | 27.75 | 30.5 | 0.75 | 0.74 | 239.0 | 0.06 | 0.08 | 0.13 |
| Z09-07 | 42.53 | 45.83 | 3.30 | 3.29 | 236.3 | 0.08 | 0.23 | 0.41 |
| Z09-07 | 51.26 | 51.79 | 0.53 | 0.52 | 2,040.0 | 0.36 | 1.42 | 2.23 |
| Z09-08 | 46.00 | 46.55 | 0.55 | 0.54 | 362.0 | 0.23 | 0.14 | 0.56 |
Both of these holes at Las Aguilas were drilled on Section 2050N, with Hole Z09-08 undercutting Hole Z09-07 by 50 meters. Upon review of the geological cross sections, is it evident that Hole Z09-08 only intersected the first vein and should have been drilled deeper. Phase two drilling is scheduled to test the northern extent of the mineralization where several old workings are located.
Wojtek Jakubowski, P.Geo. and Brian Hall, 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 Royal Mines of Zacualpan, the 200-square-kilometer advanced Mamatla Mineral District and a portfolio of projects with an option on a producing mill at Zacatecas.
On behalf of the directors of IMPACT Silver Corp.
"Frederick W. Davidson"
President, CEO
For further information please contact:
Darrell Rader, Corporate Development
Telephone: 604-681-0172
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
