Trading Symbol: "IPT: TSX.V"
VANCOUVER, Sept. 12, 2017 /CNW/ - IMPACT Silver Corp.
("IMPACT" or the "Company") is pleased to announce results from the
first drilling on the El Paso Vein located in the Royal Mines of
Zacualpan Silver-Gold District of central Mexico.
Summary
Drill hole Z17-26 intersected 834 g/t silver
over 3.38 meters (true width) including 1,448 g/t silver over 1.26
meters (true width) at the San
Felipe prospect on the El Paso Vein. The zone remains open
for expansion. IMPACT mining personnel plan to access the old San
Felipe Mine workings to establish underground drill stations to
continue testing the zone. The El Paso Vein is centrally located
within the district, passes less than one kilometer from IMPACT's
producing 535 tonne per day Guadalupe processing plant, and
represents a potential near-term source of additional high-grade
feed for the plant.
Background
The El Paso Vein is one of a series of
northwesterly striking, northeast dipping structures that transect
the district. These classes of veins often have strike
lengths of one to five kilometers and are host to a number of
important past producing mines in the district such as La Cuchara,
Chontalpan, Xitinga, Lipton, and
Liptonia. The El Paso Vein has been traced in outcrop and
underground workings for 2.1 kilometers from the El Paso adit in the north to San Felipe in the south with widths ranging up
to thirteen meters as evidenced in the El
Capulin adit.
The San Felipe encompasses a
series of old underground workings that have been partially
rehabilitated and explored by IMPACT's exploration team.
Based upon archive maps, the main level working extends for one
kilometer, with the central portion having three working levels,
plus some small stopes. Several shafts providing ventilation and
some smaller adits are also present. A number of high grade
rock samples (1,120 – 1,280 g/t silver) have been collected from
the San Felipe workings; however,
the northern portion of these workings are not accessible.
The aim of this current drill program is to test the El Paso Vein
in the area of the old underground workings, with an emphasis on
the northern, as of yet unexplored, portion of the El Paso
Vein.
Drill hole Z17-26 intersected the El Paso Vein under the
northern, unexplored portion of the main workings with a true width
of 3.38 meters grading 834 g/t silver, 0.12g/t gold, 0.32% lead,
and 0.57% zinc that included a higher-grade interval of 1,448 g/t
silver, 0.14 g/t gold, 0.60% lead, 0.69% zinc over a true width of
1.26 meters. As well a new vein intersection was encountered
in Z17-26, 110 meters below the El Paso Vein which contained
199.3 g/t silver over a drill core length of 1.3 meters.
Currently both intersections for Z17-26 remain open to expansion to
the north and in both the up and down dip directions.
Two additional drill holes (Z17-24 and 25) intersected grades of
122.1 and 113.5 g/t silver over widths of 1.4 and 1.6 meters
respectively for the El Paso Vein in the southern portion of the
San Felipe with hole Z17-24
containing an additional intersection of 239.6 g/t silver over a
core length of 1.58 meters located 44 meters below the El Paso
Vein.
The San Felipe has the
potential to provide a near-term source of feed for IMPACT's nearby
Guadalupe processing plant. Consequently, a decision has been
made to have IMPACT's mining team construct better access into the
San Felipe workings for
underground drill stations to continue testing the El Paso Vein,
but with shorter and more cost-effective drill
holes.
Brian V. Hall, M.Sc., P.Geo. and
Wojtek Jakubowski, P.Geo., Qualified
Persons under the meaning of Canadian National Instrument 43‑101,
have reviewed and approved the technical content of this news
release.
About IMPACT Silver:
IMPACT Silver Corp. is a silver
producer with two processing plants on two adjacent projects within
its 100% owned mineral concessions covering 357km2 in central
Mexico: the Guadalupe Production
Centre and the Capire Processing Plant. At Guadalupe, three
underground silver mines feed the central 535 tpd processing plant
located within the historic Royal Mines of Zacualpan Silver
District. At Capire, the 200 tpd processing plant and
open pit silver mine are on care and maintenance waiting for a
recovery in silver prices. Additional information about IMPACT and
its operations can be found on the Company website at
www.IMPACTSilver.com.
On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking and Cautionary Statements
This IMPACT
News Release may contain certain "forward-looking" statements and
information relating to IMPACT that is based on the beliefs of
IMPACT management, as well as assumptions made by and information
currently available to IMPACT management. Such statements reflect
the current risks, uncertainties and assumptions related to certain
factors including but not limited to, without limitations,
exploration and development risks, expenditure and financing
requirements, title matters, operating hazards, metal prices,
political and economic factors, competitive factors, general
economic conditions, relationships with vendors and strategic
partners, governmental regulation and supervision, seasonality,
technological change, industry practices, and one-time events.
Should any one or more risks or uncertainties materialize or
change, or should any underlying assumptions prove incorrect,
actual results and forward-looking statements may vary materially
from those described herein. IMPACT does not assume the obligation
to update any forward-looking statement.
The Company's decision to place a mine into production, expand a
mine, make other production related decisions or otherwise carry
out mining and processing operations, is largely based on internal
non-public Company data and reports based on exploration,
development and mining work by the Company's geologists and
engineers. The results of this work are evident in the discovery
and building of multiple mines for the Company and in the track
record of mineral production and financial returns of the Company
since 2006. Under NI43‑101 the Company is required to disclose that
it has not based its production decisions on NI43‑101‑compliant
mineral resource or reserve estimates, preliminary economic
assessments or feasibility studies, and historically such projects
have increased uncertainty and risk of failure.
SOURCE IMPACT Silver Corp.