Trading Symbol: "IPT: TSX.V"
VANCOUVER, Feb. 19, 2019 /CNW/ - IMPACT Silver Corp.
("IMPACT" or the "Company") is pleased to announce that diamond
drilling has commenced on the El Canelo gold silver vein in the
Santa Teresa area. Trench
sampling along the strike of the vein at 10m intervals returned an average gold grade of
6.5 g/t over a true width of 1.66m
and a length of 50m (News Release
Dated 25 Sept. 2018). The
initial six hole program will test the vein system along strike and
to a down dip depth of 100m at
50m intervals.
"This small initial program follows our successful 2018 sampling
program and allows IMPACT to test potential continuity of veins we
first encountered over a decade ago at much lower gold prices.
Given the proximity of the project to IMPACT's operation mills,
potential large enough tonnage of gold and copper could warrant
near-term production prospects."
The strong gold potential of the general area was first
recognized by IMPACT geologists between 2008 and 2013 while
drilling the Carlos Pacheco and San
Juan areas 1.5km to the north which yielded high grade gold
drilling values including 19.6 g/t gold across 2.9 meters and 3.84
g/t gold across 6.7 meters. It's plausible that Carlos
Pacheco are probably northern extensions of the Santa Teresa mineralizing system. Detailed
results can be viewed from previous reports by IMPACT dated
December 4, 2008; July 11, 2012; October 30,
2013; January 7, 2014):
Exploration programs are ongoing in the San Ramon Sur area to
the south of the San Ramon mine which on July 17, 2018, the IMPACT team announced a new
zone discovery with drilling results of 2.04 meters of 661 g/t
silver and 4.97 meters of 354 g/t silver. Lastly – exploration is
ongoing also at Manto America area located about 4km to the south
of Santa Teresa.
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 thirteen years over
8.5 Moz of Silver has been produced, generating revenues of
$175 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 National
Instrument 43-101 ("NI 43-101") compliant resource of over 4.5
Moz Silver, 48 million lbs Zinc and
21 million lbs Lead (see IMPACT news release dated January 18, 2016) that is awaiting higher silver
prices to be restarted. Since acquiring the project, IMPACT has
compiled an exhaustive database with over 5,000 old mine workings,
assayed over 34,000 rock samples and over 54,000 drill core
samples, analysed over 50,000 soil samples, and put six mines into
production. Additional information about IMPACT and its operations
can be found on the Company website
at www.IMPACTSilver.com.
Qualified Person and NI 43-101 Disclosure
Wojtek Jakubowski, P.Geo. is
a "qualified person" within the meaning of NI 43-101 and has
reviewed, verified and approved the technical information
disclosure contained in this press release.
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.
Forward-looking information is often, but not always, identified by
the use of words such as "seek", "anticipate", "plan", "continue",
"planned", "expect", "project", "predict", "potential",
"targeting", "intends", "believe", "potential", and similar
expressions, or describes a "goal", or variation of such words and
phrases or state that certain actions, events or results "may",
"should", "could", "would", "might" or "will" be taken, occur or be
achieved. Such statements include, but are not limited to,
statements with respect to the expected use of proceeds of the
Private Placement.
Such forward-looking information involves known and unknown
risks and assumptions, including with respect 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 NI 43-101 the Company is required to disclose
that it has not based its production decisions on NI 43-101
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.
