Press Release Source: IMPACT Silver Corp.
IMPACT Silver Announces Early Stage Drill Results and Commencement of Mining on the Salvadora Vein
Thursday January 25, 6:21 pm ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 25, 2007) - IMPACT Silver Corp. ("IMPACT") (TSX VENTURE:IPT - News) is pleased to announce drill results from the balance of the 2006 surface drill program at the Royal Mines of Zacualpan Silver Project. These results are from the last three early stage exploration areas tested.
PINO PROSPECT
The Pino Prospect is an early stage prospect 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 soil anomaly and sparse old small mine workings. Highlights of drilling on this prospect are as follows:
------------------------------------------------------------------------
PINO PROSPECT DRILL HOLES
------------------------------------------------------------------------
DRILL TOP OF INTERCEPT ESTIMATED SILVER GOLD ZINC LEAD
HOLE No. (m) TRUE WIDTH (m) (g/t) (g/t) (%) (%)
------------------------------------------------------------------------
------------------------------------------------------------------------
18 152.1 0.2 19 0.06 13.10 0.74
------------------------------------------------------------------------
------------------------------------------------------------------------
19 125.5 4.9 8 0.06 1.84 0.59
------------------------------------------------------------------------
Including: 3.3 11 0.05 2.29 0.67
------------------------------------------------------------------------
------------------------------------------------------------------------
20 88.0 0.7 46 1.98 1.52 1.31
------------------------------------------------------------------------
------------------------------------------------------------------------
21 63.6 2.7 84 0.09 2.67 0.64
------------------------------------------------------------------------
Including: 1.7 109 0.11 3.58 0.84
------------------------------------------------------------------------
------------------------------------------------------------------------
83.2 1.1 35 0.11 2.22 0.82
------------------------------------------------------------------------
------------------------------------------------------------------------
95.0 0.3 688 13.65 2.49 9.46
------------------------------------------------------------------------
Drill holes 15, 16, 17 and 22 were drilled outside of the main mineralized area and did not intersect significant values.
This initial test indicates this to be a zinc-rich prospect. The best holes (19 and 21) in this initial test of the area were both drilled near the valley bottom and indicate that zinc values are increasing with depth in the vein structure. Future drilling is planned to test this target at deeper levels below the valley floor.
SALVADORA VEIN
The Salvadora Vein is located in the Gallega Mine about 500m southeast of the processing plant. Based on earlier underground sampling and drilling, mining began underground on the Salvadora Vein in late 2006. As part of the 2006 surface drilling program, mine staff requested the exploration group to drill the upper portions of the Salvadora Vein to determine whether they were also viable for mining. Results were as follows:
------------------------------------------------------------------------
SALVADORA VEIN DRILL HOLES
------------------------------------------------------------------------
TOP OF
DRILL INTERCEPT ESTIMATED SILVER SILVER GOLD ZINC LEAD
HOLE No. (m) TRUE WIDTH (m) (g/t) opt (g/t) (%) (%)
------------------------------------------------------------------------
------------------------------------------------------------------------
24 95.0 0.2 688 20.1 0.32 0.66 0.30
------------------------------------------------------------------------
------------------------------------------------------------------------
25 245.8 0.4 538 15.7 0.12 0.80 0.15
------------------------------------------------------------------------
Including: 0.1 2,120 61.8 0.41 3.12 0.48
------------------------------------------------------------------------
Two other holes intersected low grades.
OSCAR PROSPECT
Two holes were drilled into two other early stage areas in the eastern part of the property. One hole discovered the polymetallic Oscar Vein with results as follows:
------------------------------------------------------------------------
OSCAR VEIN DRILL HOLE
------------------------------------------------------------------------
TOP OF
DRILL INTERCEPT ESTIMATED SILVER SILVER GOLD ZINC LEAD
HOLE No. (m) TRUE WIDTH (m) (g/t) opt (g/t) (%) (%)
------------------------------------------------------------------------
------------------------------------------------------------------------
26 95.0 0.3 2,820 82.3 7.83 7.83 3.48
------------------------------------------------------------------------
Presently, very little is known about this target. More drilling is planned for this new discovery in the near future.
Management is pleased with drill results of these early stage targets and has approved additional drilling for these and other target areas. An initial 5000m of surface drilling is planned at the Royal Mines of Zacualpan Silver Project for the first half of 2007 and will begin on completion of drilling on the Zacatecas projects. The Royal Mines of Zacualpan Silver Project includes two operating silver mines, a 500 tonne per day operating plant (currently operating at about 220 tonnes per day) and associated mineral concessions covering 124.5km2 over most of the Zacualpan Silver District.
George Gorzynski, P.Eng. 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. Drill core was NTW size (5.71cm diameter) and BTW size (4.20 cm diameter). Half core samples were collected with a rock saw, tagged for identification and securely stored at the IMPACT base camp until shipment. 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 a 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 a producing silver operation at Zacualpan (Mexico), a new project with an operating processing plant at Zacatecas (Mexico) and other projects in the Dominican Republic. Energold Drilling Corp. (TSX VENTURE:EGD - News) who was the contractor for the drill program, owns 6.6 million shares of IMPACT.
On behalf of the Directors of IMPACT Silver Corp.
Frederick W. Davidson, President, CEO
The TSX Venture Exchange has neither approved nor disapproved this news release.
Contact:
Darrell Rader
IMPACT Silver Corp.
Corporate Development
(604) 681-9501
(604) 681-6813 (FAX)
Email: inquiries@IMPACTSilver.com
Website: www.IMPACTSilver.com
--------------------------------------------------------------------------------
Source: IMPACT Silver Corp.
