IMPACT Silver Drills 9.8 Meters of 211 g/t Silver and 13.85 Meters of 186 g/t Silver at Veta Negra First Phase Drill Program
IMPACT Silver Drills 9.8 Meters of 211 g/t
Silver and 13.85 Meters of 186 g/t Silver at
Veta Negra First Phase Drill Program
Vancouver, British Columbia--(Newsfile Corp. - July 13, 2021) - IMPACT Silver Corp. (TSXV: IPT)
("IMPACT" or the "Company") is pleased to announce that it has completed Phase 1 of the Veta Negra
drill program located 3.4 km northwest of IMPACT's 535 tonne per day Guadalupe processing plant in
the Royal Mines of Zacualpan District, Mexico.
"These results confirm what we have known for the last two years of open pit production at Veta Negra.
There is a significant mineralization and prospective grades at shallow depths and expansion potential
to the north and south around Veta Negra area. Given the encouraging Phase 1 drill results, we look
forward to results from the planned Phase 2 program to start later this month," President and CEO of
IMPACT Silver, Fred Davidson, commented.
Veta Negra Drilling
Seven holes (MPZ-308-20 to MPZ-314-20) were drilled with IMPACT's Diamec rig to test the near
surface mineralization below and to the north of the operating open pit for a total of 530 meters.
Results
are listed below:
Hole ID
From (m)
To (m)
Interval (m)
Ag(g/t)
Au (g/t)
Pb %
Zn %
MPZ-308-20
29.10
51.37
21.22
91.90
0.070
0.08
0.20
MPZ-309-20
33.80
44.40
10.60
85.29
0.039
0.46
0.74
MPZ-309-20
37.72
39.60
1.88
275.96
0.069
0.34
0.96
MPZ-310-20
37.50
41.22
3.72
57.85
0.119
0.43
0.52
MPZ-312-20
6.90
14.17
7.27
152.08
0.059
0.15
0.20
MPZ-313-20
1.40
20.35
18.95
64.21
0.043
0.04
0.29
MPZ-313-20
12.12
26.00
13.88
72.48
0.059
0.07
0.33
MPZ-313-20
50.55
54.80
4.25
165.64
0.240
0.34
0.71
MPZ-313-20
71.00
73.30
2.30
98.87
0.358
0.37
0.91
MPZ-314-20
17.00
28.15
11.15
52.00
0.018
0.07
0.12
MPZ-314-20
47.25
51.68
4.43
52.26
0.020
0.14
0.55
MPZ-314-20
70.32
73.92
3.60
171.47
0.059
0.20
0.52
Thirteen holes (Z21-01 to Z21-10 and Z21-12 to Z21-13) were drilled for a total of 1,406m with
IMPACT's recently purchased man portable hydraulic rig to test the mineralization to depth on
approximately 50 meter step outs.
Results are listed below:
Hole ID
From (m)
To (m)
Interval (m)
Ag(g/t)
Au (g/t)
Pb %
Zn %
Z21-01
139.05
141.15
2.10
90.47
0.075
0.37
1.38
Z21-02
71.45
74.30
2.85
49.25
0.046
0.04
0.06
Z21-05
2.65
12.45
9.80
211.28
0.085
0.31
0.31
Z21-05
28.55
30.15
1.60
263.22
0.128
0.47
1.40
Z21-05
37.55
51.40
13.85
186.95
0.984
1.22
2.45
Z21-05
72.50
73.26
0.76
64.23
0.080
0.51
2.37
Z21-06
0.00
7.40
7.40
110.00
0.050
0.09
0.14
Z21-08
0.00
4.50
4.50
70.93
0.013
0.05
0.14
Z21-09
75.00
76.50
1.50
51.33
0.097
0.09
0.44
Z21-10
0.00
9.85
9.85
52.18
0.002
0.00
0.10
Z21-12
6.50
13.00
6.50
38.63
0.068
0.12
0.11
Z21-13
51.00
52.00
1.00
79.75
0.145
0.04
0.09
Z21-13
82.00
83.50
1.50
53.89
0.067
0.07
0.49
The Veta Negra vein system was mined historically as both an open pit and from underground. Two
north-northwest trending parallel veins enclosed by stockwork mineralized host rock are currently being
mined by IMPACT over widths averaging 14 metres in the open pit.
Mineralization is trucked from Veta
Negra to the Guadalupe processing plant and blended with mineral from the Guadalupe and San Ramon
mining operations.
IMPACT's man portable hydraulic rig is presently drilling in the San Ramon Mine area testing the
southern extension of the Inmaculada Vein system.
A Phase 2 drill program is planned to test the Veta
Negra vein systems to the north of hole MPZ-309-20 and south of hole Z21-05.
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 million
ounces of silver, generating revenues of over $202 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
Drill Location Map: Veta Negra
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4729/90098_1d9e9894443cdb49_001full.jpg
Qualified Person and NI 43-101 Disclosure
Wojtek Jakubowski, P.Geo. is a "qualified person" within the meaning of NI 43-101 and has approved
the technical information contained 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
(604) 681 0172 or
(778) 887 6489 Direct
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.
705-543 Granville Street Telephone
604 664-7707
Vancouver, BC, Canada V6C 1X8
www.impactsilver.com
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