IMPACT Silver provides Exploration Update on Santa Teresa gold target, Royal Mines of Zacualpan, Central Mexico
IMPACT Silver provides Exploration Update on Santa Teresa gold target, Royal
Mines of Zacualpan, Central Mexico
Trading Symbol: "IPT: TSX.V"
VANCOUVER, Jan. 8, 2018 /CNW/ - IMPACT Silver Corp. ("IMPACT" or the "Company") is pleased to
provide an exploration update on a new and developing gold target within the Royal Mines of Zacualpan
Silver District in central Mexico. Although work will be continuing on the silver-gold veins that have
provided five centuries of historical production at the Zacualpan District, the work at Santa Teresa
represents a new initiative for IMPACT's exploration team to explore different sorts of mine making
targets.
Summary
As a result of technical interpretation and additional field work, a new, possible bulk tonnage, gold target
named Santa Teresa is being advanced by the IMPACT exploration team. Channel, chip and grab
samples of bedrock have returned grades ranging up to 114.5 g/t gold, with 17 samples having more than
10 g/t gold and 197 greater than 1 g/t gold. Additional rock sampling and geological mapping has been
initiated to designate drill targets.
Santa Teresa is located in the Valle de Oro sub-district of dominantly gold veins located four kilomet ers
southwest of IMPACT's producing Guadalupe mill and immediately to the south of IMPACT's past
producing Nochebuena (silver) and Carlos Pacheco (gold) mines. To the northeast is the large Coronas
mine, one of the oldest and better known past producers of the Zacualpan district.
Background
The Royal Mines of Zacualpan Silver District of west-central Mexico is arguably the oldest silver-gold
mining district of Mexico. It is located 100 kilometers southwest of Mexico City. IMPACT has a domina te
land position of some 357 square kilometers and last year celebrated ten years of continuous productio n
in the district.
To date over a thousand silver and/or gold bearing veins have been recognized through IMPACT'S
exploration efforts in the district (such veins having at least one assay sample exceeding 100 g/t sil ver or
1.0 g/t gold). As well some 5,000 old mine or exploration workings have been located and
catalogued. These old workings, along with geological maps, geophysical surveys, 75,000 soil samples
and some 48,500 rock samples form the basis of a GI S Database (Geographic Information System) that
has been utilized for the past ten years to "organically discover" production tonnage for IMPACT's
Guadalupe and Capire mills.
Geology
Numerous north-south striking veins similar to the Nochebuena or Carlos Pacheco veins transect the
Santa Teresa area. Elsewhere in the Zacualpan district veins of this orientation have the greatest degree
of structural and grade continuity, producing many of the district's better mines historically. In addition,
there are number of northeast trending, northwest dipping veins that resemble the historic Coronas min e
in structural style. Rock sampling by IMPACT has pr oduced gold grades ranging up to 114.5 g/t, with 17
samples having more than 10.0 g/t, and 197 greater than 1.0 g/t gold. In proximity to the historic Coronas
Mine some sizable old underground workings exist. H owever elsewhere in the Santa Teresa area there is
little evidence of historical exploration or mine development, which the low sulphide content of these
auriferous veins may have caused these veins to be overlooked by the historical prospecting.
Roughly half of the veins hosting the better gold grades have extremely low sulphide contents. Native
gold or electrum would be the most likely host mine rals and would likely be amenable to gravity
concentration methods. These veins are most abund ant in the southwestern portion of the Santa Teresa
area where the density of these north-south striking veins is the highest of the entire Zacualpan
district. In addition, this portion of the Santa Teresa area contains the only known outcrops of an Eocene
Feldspar Porphyry within the Zacualpan district, which are the only known magmatic intrusive rocks on
the property. Fifty-two porphyry outcrops have been mapped over a one kilometer square area with the
southern and western boundaries currently undefined. Previously this rock type had been observed as
clasts within the gold-bearing portions of the Nochebuena-type hydrothermal breccias of the Nochebuena
and Carlos Pacheco mines. These Eocene Feldspar Po rphyries are thought to be similar to the
Tilzapotla Rhyolite, an enigmatic intrusive stock located midway between the Taxco and Zacualpan
Districts that is considered to be the heat source responsible for the formation of the Zacualpan
Southeast and Taxco veins. It has been dated at 32 million years, the same age as a vein in the Taxco
District, and by inference a similar age has been assigned to the Zacualpan veins. Associated with th is
Feldspar Porphyry are the highest gold/silver ratios for the entire Zacualpan District, again suggesting an
environment of localized, very high heat flow with the Feldspar Porphyry the heat engine for the forma tion
of these gold veins.
Brecciation and silicification of the older host rocks immediately surrounding this Feldspar Porphyry is a
common feature, suggesting the formation of a brecc iated cupula similar the 5.0 Moz Kidston gold depos it
of Australia and a number of gold deposits in Nevada. Rock samples from this Feldspar Porphyry itself
return very low values for precious and base metals, however silicified and brecciated portions of the host
rock adjacent to and above this Feldspar Porphyry h ave numerous high gold values (up to 17.95 g/t)
presenting a potentially very intriguing bulk tonnage exploration target.
Future Plans
For 2018 in preparation for drilling an extensive geological mapping and rock sampling program will be
conducted on the brecciated cap rocks overlying this Feldspar Porphyry, as well as the many north-sout h
trending veins that transect the Santa Teresa area.
Brian V. Hall, M.Sc., P.Geo., a Qualified Person under the meaning of Canadian National Instrument
43-101, has approved the technical content of this news release. A map of the Santa Teresa area is
attached to this news release or can be found on the Company website at www.IMPACTSilver.com .
About IMPACT Silver:
IMPACT Silver Corp. is successful silver-gold explorer-producer with two processing plants on adjacent
districts within its 100% owned mineral concessions covering 357km 2 in central Mexico. Over the past ten
years over 7.7 Moz of Silver has been produced, generating revenues of $160 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 200TPD, but is expandable. It is adjacent to an open pit silver mine
with a a NI-43-101 compliant resource that is awaiting higher silver prices to be restarted. Given the
challenging markets last few years, IMPACT has focu sed its exploration efforts on high success rate
silver targets, with quick production profiles and proximity to Guadalupe processing plant. Following a
successful decade of exploration success to product ion cash flows, IMPACT has proven the Zacualpan
District to be prolific in generating high grade epithermal silver-gold production feeds. With markets more
perceptive to early exploration results, in 2018 IMPACT continues to add emphasis to exploration
work. 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 Ser vices 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 "forwa rd-looking" statements and information relating to
IMPACT that is based on the beliefs of IMPACT manag ement, as well as assumptions made by and
information currently available to IMPACT managemen t. 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 facto rs, competitive factors, general economic conditions,
relationships with vendors and strategic partners, governmental regulation and supervision, seasonalit y,
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 resu lts
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 product ion, 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, deve lopment 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 mi neral production and financial returns of the
Company since 2006. Under NI43-101 the Company is r equired 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.
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For further information: Jerry Huang, MBA, Manager Investor Relations, (604) 681 0172 or
CO: IMPACT Silver Corp.
CNW 06:00e 08-JAN-18