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SAN RAMON MINE EXTENSION
The first holes will be drilled to outline the extension of the San Ramon high grade silver shoot at depth. Plans are to drill holes up to 80m below the deepest mine workings presently at Level 9 (about 90m below the mine entrance). Currently, mining of remnant second class mineral (200-500g/t silver) is occurring on Levels 7 and 8. Mining of first class mineral (2,500g/t+ silver) has just begun on Level 9 from the Concepcion Vein. Also found on Level 9 was the hole left by IMPACT's drill hole 2005-02 which intersected 6,013g/t silver and 2.31g/t gold across a true width of 0.8m. (see IMPACT news release dated May 16, 2005). Mine staff report assays from underground sampling of the first class mineral on Level 9 to be similar.
CHIVO PROSPECT
The Chivo Prospect is on the San Ramon vein system and at this early stage displays some of the same high grade mineralization found at the San Ramon Mine 1300m to the southeast. As reported in a news release on September 7, 2005, IMPACT personnel found two parallel veins in old mine workings here. Samples from the western vein assayed 1,095g/t silver and 0.38g/t gold across 1.25m true width in the workings and 2,640g/t silver and 1.36g/t gold across 0.85m on surface. The wall rock beside the vein contained numerous small veinlets and assayed 463g/t silver and 0.477g/t gold across 2.2m true width. The eastern vein averaged 175g/t silver and 0.92g/t gold across 1.54m true width. This program will drill the first holes in the Chivo Prospect and are designed to test the potential strike and dip extent of the mineralization.
PINO PROSPECT
The Pino Prospect is on the Lipton Vein system. It is located 700m south of the Guadalupe Mine which has historically produced 10 million ounces of silver predominantly from the Lipton Vein. IMPACT continues to mine the Lipton Vein in the Guadalupe Mine today. The Pino Prospect area is marked by a large gold-in-soil anomaly and sparse old small mine workings. Sampling of some of these workings by IMPACT personnel returned variable assays including 337g/t silver over 1.5m true width, 243g/t silver over 1.4m true width and 2,050g/t silver over 0.25m true width. Drilling will target the potential at depth on the Pino section of the Lipton Vein.
The Royal Mines of Zacualpan Silver Project includes two operating silver mines, a 500-tonne-per-day operating plant (currently operating at about 200-tonnes-per-day) and associated mineral concessions covering 124.5km2 over most of the Zacualpan Silver District. Production is presently coming from the Guadalupe Mine in the center of the district and the high grade San Ramon (Compadres) Mine in the southeastern part of the district.
IMPACT has also commenced a program of upgrading both the underground and surface facilities. This program is expected to continue into late summer with the objective of developing multiple mining sources and improved mill recoveries. Additional programs will include engineering of the tailings pond, and improvements to the mine plant and services.
The recently completed private placement of CDN$8 million will enable the Company to accelerate this expansion and to fund an extensive exploration program, the initial portion of which is outlined above.
George Gorzynski, P.Eng., a Qualified Person under the meaning of Canadian National Instrument 43-101, is responsible for the technical content of this news release. Chip and channel samples were collected from cleaned rock faces in old mine workings and from bedrock outcrops over a continuous representative interval using a moil and hammer. A total of 5% assay standards and blanks were inserted into every sample shipment as a quality control measure. All samples were shipped to the ALS Chemex preparation laboratory in Guadalajara (Mexico) where they were fine crushed (70% passing a 2mm screen), pulverized (85% passing a 75 micron screen) and pulp split separated for assay by a riffle splitter. These pulps were shipped to the ALS Chemex laboratory in North Vancouver Canada where a 30 gram split of each was assayed for gold and silver by standard fire assay and a 10 gram split was analysed for an additional 30 elements by ICP spectrometry.
IMPACT Silver Corp. is a silver focused mining and exploration company with projects in Mexico and the Dominican Republic. Energold Drilling Corp. (EGD:TSX.V) with whom the drill contract described in this news release has been signed, owns 6.6 million shares of IMPACT.
On behalf of the Directors of IMPACT Silver Corp.
"Frederick W. Davidson"
President, CEO
For further information please contact:
Darrell Rader, Corporate Development
Telephone: 604-681-9501
The TSX Venture Exchange has neither approved nor disapproved this news release.
900-543 Granville St.
Vancouver, BC., Canada V6C 1X8
Telephone 604 681-9501
Facsimile 604 681-6813
www.IMPACTSilver.com
inquiries@IMPACTSilver.com
