Consultant Jim Oliver PhD Undertakes
Preliminary Structural Analysis and Geological Study of the
Zacualpan Mineralized Systems
Trading Symbol: "IPT: TSX.V"
VANCOUVER, Jan. 24, 2019 /CNW/ - IMPACT Silver Corp.
("IMPACT" or the "Company") is pleased to announce the results of a
two week field review, undertaken by consulting geologist Dr.
Jim Oliver, of the San Ramon, Guadalupe, Chivo, Alacran and Santa
Teresa in the Zacualpan
silver-gold district of central Mexico. Dr. Oliver is well respected in
the industry and has broad global experience with numerous deposit
types including extensive work on structurally controlled
gold-silver mineralized systems. This technical review was
undertaken to confirm exploration procedures, prioritize
exploration targets and clarify models to guide future exploration
on the property.
Fred Davidson, President &
CEO, stated "We are encouraged that Dr. Oliver's work has advanced
our internal geological model and understanding of a potential
larger bulk tonnage gold system within our 357km land
package. We have large areas of excellent ground to explore
and are in production on less than 2% of the land package. We look
forward to exploration results that will come from the work
recommended by Dr. Oliver."
The technical review indicates:
- Deformation zones which host the Zacualpan veins are robust and continuous over
several kilometers of length. The continuity of the deformation
zones is sometimes obscured by shallow sedimentary cover but the
veins and the deformation zones have been shown to persist beneath
the overlying sediments.
- The historic alignment of pits, trenches and adits, coupled
with geochemical, geological and geophysical data indicate that
principle Zacualpan deformation
zones are commonly silver-gold mineralized. Most of the
Zacualpan mineralized deformation
zones have offsets to the right and downslope in their movement
history. Knowledge of the movement history of the deformation zones
will permit the exploration teams to define and test dilatant
mineralized sites, or sites of preferential mineralization within
the broader deformation zones.
- The mineralogy and textural characteristics of the veins
suggest that the Zacualpan silver
veins are of the deposit type known as intermediate sulphidation
veins. Intermediate sulphidation vein systems are a common deposit
type at many Mexican silver occurrences and deposits including
major vein systems at Taxco,
Pachuca, Zacatecas and Guanajuato.
- The technical data suggests that the intermediate sulphidation
veins of the Zacualpan area may be
mineralized over vertical distances exceeding 400 m. In many cases, the surface expressions of
the veins systems are occurring near the upper limits of the
hydrothermal system, or the system is intact and has not been
substantially eroded. Many of the historic occurrences in the
Zacualpan district have either not
been drill tested or tested only to very shallow depths.
- The Zacualpan project area is
strongly metal endowed and may include other deposit types in
addition to silver dominant intermediate sulphidation veins.
Occurrences in the Santa Terresa area have some of the
characteristics of gold associated with intrusion related gold
systems. Anomalous gold and copper values in surface and
underground rock exposures are associated with numerous
silica-hematite altered felsic intrusions which cut thick bedded,
siliceous sediments. IMPACT technical teams are currently expanding
the targeting of intrusion hosted gold occurrences in the
Santa Teresa area and
investigating the potential for bulk tonnage intrusion related gold
systems.
Work is presently in progress in two principle areas
including:
- Defining onstrike extensions to the San Ramon silver vein system. Detailed soil
geochemical sampling and geological work extended the deformation
zone which hosts the flagship San
Ramon mine.
- Better characterizing the potential for bulk mineable, and
potentially intrusion related gold systems in the Santa Teresa area. With additional geochemical
and geological work, the Santa
Teresa anomalous gold copper area is outlined over a large
area with many anomalous samples in gold (see IMPACT news release
dated September 25, 2018).
Based on these results, IMPACT Silver technical teams are
advancing these and related targets to the drill stage.
Wojtek Jakubowski, P.Geo., a
Qualified Person under the meaning of Canadian National Instrument
43‑101, approved the technical content of this news release.
About IMPACT Silver:
IMPACT Silver Corp. is a
successful silver explorer-producer with two processing plants on
adjacent districts within its 100% owned mineral concessions
covering 357km2 in central Mexico with excellent infrastructure and labor
force. Over the past twelve years over 8.1 Moz of Silver has
been produced, generating revenues of $168
million, with no long-term debt. In the historic
Royal Mines of Zacualpan Silver
District three underground silver mines feed the central 535 TPD
Guadalupe processing plant. To the south, in the Mamatla District the Capire processing plant
is currently rated at 200 tpd, but is expandable. It is
adjacent to an open pit silver mine with a NI-43-101 compliant
resource of over 4.5 Moz Silver,
48 million lbs Zinc and 21 million lbs Lead that is awaiting
higher silver prices to be restarted. 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.
