IMPACT Silver Adds Fourth Drilling Rig and Expands Drill Plans to 20,000 Meters in 2021- 2022
IMPACT Silver Adds Fourth Drilling Rig and
Expands Drill Plans to 20,000 Meters in 2021-
2022
Vancouver, British Columbia--(Newsfile Corp. - September 13, 2021) - IMPACT Silver Corp. (TSXV:
IPT) (OTC Pink: ISVLF) ("IMPACT" or the "Company") is pleased to announce it has purchased another
surface drilling rig to add to productivity of its exploration plans for 2021-2022. This brings the total
Company-owned drill fleet to two surface and two underground rigs. To date in 2021, IMPACT has drilled
over 9,000 meters. Initial drill assay results have been published and further results are pending.
With this new drilling capacity IMPACT plans to add a second phase of drilling for an additional 10,000
meters to test priority targets including the Pachuqueno area of the Guadalupe Mine,
southern
extensions of the San Ramon mine, and initial drilling on new greenfields targets developed by the
Exploration team.
CEO Fred Davidson stated
"
With cashflow positive at operations and a healthy treasury we are focusing
on following up on the many qualified and highly prospective targets within our GIS database on our large
211 square kilometer land package. The fourth drill will add productivity and capacity for us to test new
targets starting with the San Ramon Mine South area which could open up new areas for mining."
The current Phase One 10,000 metre drill program on both near mine and greenfield exploration targets
(see IMPACT news release dated
February 1, 2021
) program is ongoing. Initial Phase One drill results
from the Veta Negra Mine area included 9.8 meters of 211 g/t Silver and 13.85 meters of 186g/t Silver
(see IMPACT news release dated
July 13, 2021
).
ABOUT IMPACT SILVER
IMPACT Silver Corp. is a successful silver-gold explorer-producer with two processing plants on
adjacent districts within its 100% owned mineral concessions covering 211km2 in central Mexico with
excellent infrastructure and labor force. Over the past 15 years, IMPACT has produced over 10.9 million
ounces of silver, generating revenues over $212 million, with no long-term debt. At the Royal Mines of
Zacualpan Silver District, three underground silver mines and one open pit mine feed the central
Guadalupe processing plant. To the south, in the Mamatla District, the Capire Project includes a 200 tpd
processing pilot plant adjacent to an open pit silver mine with a mineral resource of over 4.5 million oz
silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016 for
details). Company engineers are reviewing Capire for potential restart of operations in light of current
elevated silver prices. With 15 years of exploration successes leading to production cash flows, IMPACT
has shown the Zacualpan Silver-Gold District to be endowed with many high-grade silver-gold zones and
has placed multiple zones into commercial production.
Additional information about IMPACT and its operations can be found on the Company website at
www.impactsilver.com
. Follow us on Twitter
@IMPACT_Silver
and LinkedIn at
https://www.linkedin.com/company/impactsilver
.
Qualified Person and NI 43-101 Disclosure
George Gorzynski, P. Eng., Vice President and Director of IMPACT Silver Corp., and a Qualified
Person as defined under Canadian National Instrument 43-101, approved the technical information in
this news release..
On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO
For more information, please contact:
Jerry Huang
CFO | Investor Relations
(778) 887-6489 or
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 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, relationship
with vendors and strategic partners, government 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, except as required by law.
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.
705-543 Granville Street Telephone
(604)664-7707
Vancouver, BC, Canada V6C 1X8
www.impactsilver.com
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/96288