Significant results of the first 12 exploratory holes at Golondrinas on four target areas are summarized below:
SUMMARY OF FIRST TWELVE DRILL HOLES FROM GOLONDRINAS FIRST PHASE DRILL PROGRAM
| DRILL HOME | VEIN NAME | DRILL SECTION | FROM (m) | TO (m) | INTERVAL (m) | SILVER (g/t) | GOLD (g/t) | LEAD (%) | ZINC (%) |
|---|---|---|---|---|---|---|---|---|---|
| Z10-11 | GOLONDRINAS | L 07 + 50 N | 101.25 | 102.08 | 0.83 | 78.2 | 0.047 | 0.723 | 6.09 |
| Z10-14 | EL COLORIN II | L 08 + 00 N | 127.97 | 129.47 | 1.50 | 759.2 | 0.061 | 1.16 | 4.37 |
| which includes | |||||||||
| Z10-14 | EL COLORIN II | L 08 + 00 N | 127.97 | 129 | 1.03 | 1,045.0 | 0.080 | 1.51 | 5.59 |
| Z10-15 | LA BLANCA | L 08 + 50 N | 61.0 | 65.45 | 4.45 | 289.5 | 0.075 | 0.54 | 1.47 |
| which includes | |||||||||
| Z10-15 | LA BLANCA | L 08 + 50 N | 63.5 | 64.25 | 0.75 | 848.0 | 0.350 | 2.88 | 7.12 |
| Z10-17 | LA OBRA I | L 08 + 50 N | 172.6 | 173.3 | 0.70 | 312.0 | 0.010 | 0.13 | 0.33 |
| and | |||||||||
| Z10-17 | LA OBRA II | L 08 + 50 N | 179.95 | 181.00 | 1.05 | 271.0 | 0.010 | 0.04 | 0.15 |
| Z10-20 | LA OBRA I | L 09 + 50 N | 48.4 | 56.55 | 8.15 | 172.4 | 0.020 | 0.19 | 0.55 |
| which includes | |||||||||
| Z10-20 | LA OBRA I | L 09 + 50 N | 52.27 | 56.55 | 4.28 | 224.9 | 0.025 | 0.23 | 0.61 |
| Z10-22 | LA OBRA I | L 10 + 00 N | 107.67 | 108.13 | 0.46 | 2120.0 | 0.030 | 0.97 | 1.17 |
| and | |||||||||
| Z10-22 | LA OBRA II | L 10 + 00 N | 111.30 | 112.35 | 1.05 | 114.00 | 0.050 | 0.28 | 0.53 |
| and | |||||||||
| Z10-22 | GOLONDRINAS | L 10 + 00 N | 143.64 | 144.32 | 0.68 | 657.0 | 0.060 | 0.409 | 0.807 |
These first 12 holes for the Golondrinas Area intersected five different closely spaced veins (Golondrinas, La Obra I, La Obra II, La Blanca and El Colorin II) that have silver-lead-zinc intersections of interest. An additional seven drill holes have been completed at Golondrinas; assays are pending and additional drilling is planned once assays for all holes have been received and interpreted. Additional background information and technical details specific to the Golondrinas Project Area were provided when drilling commenced (see IMPACT news release dated August 19, 2010).
Based upon the encouraging assays IMPACT received from the Chontalpan first phase of drilling from both the Loma Larga and Chontalpan Mine-Northwest target areas (see IMPACT news release dated September 15, 2010), it was decided to immediately move the drill back to the Chontalpan Project area (located 2 kilometers east of Golondrinas) in order to commence a second phase of drilling with the purpose of expanding the previously encountered mineralization in both areas and build tonnage for possible mining. The first hole for this second phase program will be located 50 meters northwest of Drill Hole Z10-10, where 402.6 g/t silver over 2.14 meters was drilled during the first phase in the Loma Larga area. The objective is to extend the strike length of the mineralization to the northwest along the Chontalpan Vein System. It is the intention of IMPACT to return to the Golondrinas area upon completion of the Chontalpan second phase drilling.
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 profitable silver-focused mining and exploration company operating in Mexico with a producing silver operation at the 623-square-kilometer Royal Mines of Zacualpan District, the adjacent 200-square-kilometer advanced Mamatla Mineral District and a portfolio of projects with an operational processing plant at Zacatecas. Additional information including a drill map of the Chontalpan Project Area 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
604 681 0172 or via email at inquiries@impactsilver.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
