IMPACT Silver Samples 19.5 G/t Gold over 1.2 Meters True Width Announces the Results of Surface Exploration on the Manto America Gold Target
IMPACT Silver Samples 19.5 G/t Gold over 1.2
Meters True Width Announces the Results of
Surface Exploration on the Manto America
Gold Target
Trading Symbol: "IPT: TSX.V"
VANCOUVER
,
June 12, 2019
/CNW/ - IMPACT Silver Corp. ("IMPACT" or the "Company") is
pleased to announce the results of a surface mapping and sampling program on the Manto America
gold target area of the Royal Mines of Zacualpan District, Mexico.
The Manto America area hosts the strongest gold soil geochemical anomaly on IMPACT's claims
and extends over an area 3.5 km east-west and
900m
north-south. It is located 10km south of the
operating Guadalupe processing plant and 7 km north-northeast of the Capire processing plant. The
area is being mapped and sampled by IMPACT and to date 33 rock samples greater than 2.0 g/t Au
have been collected from historic artisanal underground workings and surface with values up to 19.5
g/t Gold over a true width of
1.2m
. Highlights of recent sampling include:
SAMPLE
NO
SURFACE/ UG
SAMPLE
TYPE
TRUE
WIDTH
(m)
GOLD
g/t
SILVER
g/t
LEAD %
ZINC %
E405919
Surface
Channel
0.50
22.40
7.3
0.02
0.00
C216902
Surface
Channel
0.40
21.70
101.0
1.21
1.39
E405174
Underground
Channel
0.30
20.40
42.7
0.20
0.44
M148520
Surface
Channel
1.20
19.50
8.5
0.01
0.00
E405175
Underground
Channel
0.30
15.95
421.0
0.83
2.10
J933319
Surface
Channel
0.37
14.50
14.3
0.24
0.06
I941203
Surface
Channel
0.10
13.45
23.2
0.51
0.19
C216903
Surface
Grab
0.10
9.32
702.0
0.93
2.42
I941483
Surface
Channel
0.20
9.12
10.0
0.44
0.03
I941202
Surface
Channel
0.30
7.12
17.0
0.28
0.09
E406520
Surface
Channel
1.00
6.44
2.3
0.00
0.01
I941204
Surface
Channel
0.30
4.21
13.4
0.39
0.06
I941499
Underground
Channel
1.00
3.10
41.1
0.60
0.09
E405184
Underground
Channel
0.80
3.06
5.5
0.20
0.01
J933087
Surface
Channel
0.20
2.87
1.9
0.05
0.01
J934519
Surface
Chip
0.45
2.76
19.6
0.38
0.28
E405197
Surface
Channel
0.50
2.58
21.0
0.03
0.04
E405205
Surface
Channel
0.50
2.58
37.9
0.09
0.28
E405273
Underground
Channel
0.70
2.51
46.1
0.16
0.04
I941196
Surface
Channel
0.15
2.14
22.5
0.04
0.05
About Manto America Gold Project
Manto America was mapped and sampled by a previous concession owner during the late 1990's
when the gold price hovered below
$400
US per ounce. The program was followed by limited
drilling of six holes with anomalous but not economic results. IMPACT crews are outlining new areas
and drill targets on this large gold-in-soil anomaly.
The mineralization is hosted in strongly argillically altered volcanic rocks and is associated with lead
and barium suggesting a volcanogenic massive sulphide provenance similar to the Capire silver lead
zinc deposit to the south (see IMPACT
news release dated
January 18, 2016
for details of
resources at Capire). IMPACT is continuing to explore the Manto America area with the goal of
defining low grade bulk tonnage gold mineralization.
About IMPACT Silver:
IMPACT Silver Corp. is a successful silver explorer-producer with two processing plants on adjacent
districts within its 100% owned large land package in central
Mexico
with excellent infrastructure and
labor force. During the past thirteen years IMPACT has produced over 9.4 Moz of Silver 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 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
for details) 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.
View original content:
http://www.newswire.ca/en/releases/archive/June2019/12/c4682.html
%SEDAR: 00001640E
For further information:
Jerry Huang, CFO | Investor Relations, (604) 681 0172 or
CO: IMPACT Silver Corp.
CNW 14:15e 12-JUN-19