IMPACT Silver drills 834 g/t Silver over 3.38 meters (TW) at San Felipe
IMPACT Silver drills 834 g/t Silver over 3.38 meters (TW) at San Felipe
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.
View original content: http://www.newswire.ca/en/releases/archive/September2017/12/c6334.html
%SEDAR: 00001640E
For further information:
Jerry Huang, Manager Investor Relations, (604) 681 0172 or [email protected]
CO: IMPACT Silver Corp.
CNW 16:30e 12-SEP-17