IMPACT Silver Samples 32.8g/t Gold over 1.0 meter at Santa Teresa Gold-Copper Area El Canelo averages 6.5 g/t Gold over 1.66 meters along 50 meter Strike Length
IMPACT Silver Samples 32.8g/t Gold over 1.0
meter at Santa Teresa Gold-Copper Area
El Canelo
averages 6.5 g/t Gold over 1.66 meters along 50 meter Strike Length
Trading Symbol: "IPT: TSX.V"
VANCOUVER
,
Sept. 25, 2018
/CNW/ - IMPACT Silver Corp. ("IMPACT" or the "Company") is
pleased to provide an exploration update on continuing rock sampling in the
Santa Teresa Area
of
the Royal Mines of
Zacualpan
District in central
Mexico
. Recent results from the
El Canelo
vein
systems at
Santa Teresa
averaged
6.5g/t gold over a true width of 1.66 meters along a strike
length of 50 meters.
The system remains open for expansion and parallel vein systems in the area
are being mapped and sampled at this time.
A highlight list of the significant bedrock sample results
from the overall
Santa Teresa
area are as follows:
SAMPLE
No.
EASTING
NORTHING
ELEVATION
SURFACE /
UNDERGROUND
SAMPLE
TYPE
TRUE WIDTH
(m)
GOLD
g/t
SILVER
g/t
COPPER
%
LEAD
%
ZINC
%
M142745
413532
2065723
1956
Surface
channel
0.10
114.5
64.9
0.39
0.02
0.09
M143250
413532
2065723
1956
Surface
channel
0.10
52.2
25.4
0.23
0.01
0.09
Q92970
413495
2066070
2176
Surface
channel
0.20
50.7
24.4
0.01
0.12
0.06
N310016
413482
2066100
2187
Surface
channel
0.20
35.8
14.2
0.01
0.21
0.06
M142503
413492
2066079
2178
Surface
channel
0.50
34.0
18.2
0.04
0.18
0.06
E542657
413819
2066468
2243
Surface
Channel
1.00
32.8
27.0
0.09
0.02
0.02
E405507
413818
2066468
2243
Surface
Channel
1.00
31.9
24.4
0.11
0.05
0.05
M141627
413125
2065950
1960
Surface
channel
0.20
28.3
786.0
4.37
0.01
0.01
E405509
413820
2066468
2243
Surface
Channel
0.50
28.1
37.7
0.14
0.10
0.03
Q92965
413494
2066073
2176
Surface
channel
0.25
23.1
15.1
0.04
0.21
0.07
Z 400966
414022
2066535
2293
Surface
channel
0.80
19.5
23.4
0.21
0.34
0.23
M141615
413131
2065951
1961
Surface
channel
0.40
19.5
56.5
0.08
0.00
0.00
E405502
413817
2066459
2238
Surface
Channel
0.80
18.9
12.4
0.08
0.07
0.07
M140953
412586
2066093
1885
Surface
chip
1.30
18.0
7.3
0.06
0.00
0.01
Q95248
412280
2065498
1956
Surface
Channel
0.65
16.5
14.1
0.08
0.00
0.00
M143557
413165
2065950
1973
Surface
channel
0.25
16.0
35.2
0.13
0.09
0.01
I941161
412310
2065444
1918
Surface
channel
0.50
15.9
3.4
0.01
0.00
0.00
M126357
412849
2065777
1896
Surface
channel
0.50
15.3
8.9
0.10
0.02
0.01
E405508
413819
2066468
2243
Surface
Channel
0.50
13.8
3.9
0.08
0.04
0.01
I941047
412524
2066562
1941
Underground
channel
0.48
13.7
31.7
0.44
0.01
0.23
H981503
412524
2066562
1941
Underground
channel
0.50
13.6
39.3
0.71
0.01
0.33
Q95318
412849
2065777
1896
Surface
Channel
0.15
12.8
22.2
0.13
0.06
0.01
M143244
413637
2065586
1910
Surface
channel
0.20
11.4
9.0
0.06
0.02
0.04
The strong gold potential of the general area was first recognized by IMPACT geologists between
2008 and 2013 while drilling the Carlos Pacheco and
San Juan
areas 1.5km to the north. They are
probably northern extensions of the
Santa Teresa
mineralizing system and returned the following
drilling results (previously reported in IMPACT news releases dated
December 4, 2008
;
July 11,
2012
;
October 30, 2013
;
January 7, 2014
):
HOLE No.
FROM (m)
TO (m)
INTERVAL
(m)
TRUE_WIDTH
(m)
GOLD
g/t
SILVER
g/t
COPPER
%
LEAD
%
ZINC
%
Z08-68
85.74
88.93
3.19
3.08
20.00
68.42
0.29
0.05
0.11
Z13-42
126.60
128.60
2.00
1.41
17.16
42.38
0.08
2.28
6.88
Z08-65
131.23
133.81
2.58
2.23
11.00
18.44
0.09
0.01
0.03
Z13-45
169.35
173.00
3.65
2.80
10.11
15.88
0.16
0.04
0.08
Z12-13
192.30
195.60
3.30
2.70
7.00
50.97
1.04
0.03
0.03
Z13-67
212.89
216.65
3.76
2.16
6.81
61.26
0.76
0.03
0.12
Z12-18
212.15
214.60
2.45
2.01
6.00
17.64
0.17
0.02
0.03
Some of the Carlos Pacheco mineralization saw test mining in 2013-2014 but most of the zone
remains in place available for future mining.
ABOUT
SANTA TERESA
/ CARLOS PECHECO PROJECT
The
Santa Teresa
area is located approximately five kilometers to the southwest of IMPACT's
Guadalupe processing plant and has been a mapping and prospecting target area over the past
year. The area was selected for a detailed exploration program to more clearly define the source of
strongly anomalous gold and copper soil geochemistry. Mapping and sampling in 2012 located a
series of porphyritic rhyolite intrusions that appeared to be related to gold bearing quartz veins,
breccia veins and alteration zones that returned values up to 18g/t gold over a sample width of
1.3m
and 34g/t gold over
0.50m
. Initial results were reported earlier this year (see IMPACT news release
dated
January 8, 2018
for details).
The Santa Teresa-Carlos Pacheco project extends over an 800 hectare area cut by gold and silver-
bearing veins. Outcrops of Eocene feldspar porphyry rocks in the
Santa Teresa
area are the only
known magmatic intrusive rocks within the
Zacualpan
district and probably represent a heat engine
that drove mineralizing fluids. Rock samples from these feldspar porphyries themselves return
moderate values for precious and base metals, however silicified and brecciated portions of the host
rock adjacent to and above the feldspar porphyries have numerous high gold values (up to 17.95 g/t)
presenting a potentially intriguing bulk tonnage exploration target in addition to the gold vein targets.
A map showing the sample locations in the
Santa Teresa
area can be found on the Company's web
site at
www.IMPACTSilver.com
.
Fred Davidson
, President of IMPACT, stated "This recent work has given us a new understanding of
the bulk tonnage potential of the
Santa Teresa
area which is located within trucking distance of our
operating Guadalupe processing plant.
Santa Teresa
appears to be a larger zone in the core of the
Zacualpan
district where a deeper and hotter part of the mineralizing system indicates potential for a
copper and gold bulk tonnage target. Our field crews are continuing to work diligently to advance the
area including plans for drilling."
Wojtek Jakubowski
, P.Geo., a Qualified Person under the meaning of Canadian National Instrument
43101, approved the technical content of this news release.
ABOUT IMPACT SILVER CORP:
IMPACT Silver Corp. is a successful silver explorer-producer with two processing plants on adjacent
districts within its 100% owned mineral concessions covering 357km
2
in central
Mexico
with
excellent infrastructure and labor force. Over the past twelve years over 8.1 Moz of Silver has been
produced, generating revenues of
$168 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 NI-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 50,000 rock samples and over 70,000 drill core samples, analysed over
85,000 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
.
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 NI43101 the Company is required to disclose
that it has not based its production decisions on NI43101compliant 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/September2018/25/c4702.html
%SEDAR: 00001640E
For further information:
Jerry Huang, CFO | Investor Relations, (604) 681 0172 or
CO: IMPACT Silver Corp.
CNW 12:47e 25-SEP-18