Technical Update: Exploration Strategies and New Silver Gold Targets of the Zacualpan Silver District Consultant Jim Oliver PhD Undertakes Preliminary Structural Analysis and Geological Study of the Zacualpan Mineralized Systems
Technical Update: Exploration Strategies and
New Silver Gold Targets of the Zacualpan
Silver District
Consultant Jim Oliver PhD Undertakes Preliminary Structural Analysis and Geological Study
of the Zacualpan Mineralized Systems
Trading Symbol: "IPT: TSX.V"
VANCOUVER
,
Jan. 24, 2019
/CNW/ - IMPACT Silver Corp. ("IMPACT" or the "Company") is
pleased to announce the results of a two week field review, undertaken by consulting geologist Dr.
Jim Oliver
, of the
San Ramon
, Guadalupe, Chivo,
Alacran
and
Santa Teresa
in the
Zacualpan
silver-
gold district of central
Mexico
. Dr. Oliver is well respected in the industry and has broad global
experience with numerous deposit types including extensive work on structurally controlled gold-
silver mineralized systems. This technical review was undertaken to confirm exploration
procedures, prioritize exploration targets and clarify models to guide future exploration on the
property.
Fred Davidson
, President & CEO, stated "We are encouraged that Dr. Oliver's work has advanced
our internal geological model and understanding of a potential larger bulk tonnage gold system within
our 357km land package. We have large areas of excellent ground to explore and are in production
on less than 2% of the land package. We look forward to exploration results that will come from the
work recommended by Dr. Oliver."
The technical review indicates:
Deformation zones which host the
Zacualpan
veins are robust and continuous over several
kilometers of length. The continuity of the deformation zones is sometimes obscured by shallow
sedimentary cover but the veins and the deformation zones have been shown to persist beneath
the overlying sediments.
The historic alignment of pits, trenches and adits, coupled with geochemical, geological and
geophysical data indicate that principle
Zacualpan
deformation zones are commonly silver-gold
mineralized. Most of the
Zacualpan
mineralized deformation zones have offsets to the right and
downslope in their movement history. Knowledge of the movement history of the deformation
zones will permit the exploration teams to define and test dilatant mineralized sites, or sites of
preferential mineralization within the broader deformation zones.
The mineralogy and textural characteristics of the veins suggest that the
Zacualpan
silver veins
are of the deposit type known as intermediate sulphidation veins. Intermediate sulphidation vein
systems are a common deposit type at many Mexican silver occurrences and deposits including
major vein systems at
Taxco
,
Pachuca
,
Zacatecas
and
Guanajuato
.
The technical data suggests that the intermediate sulphidation veins of the
Zacualpan
area may
be mineralized over vertical distances exceeding
400 m
. In many cases, the surface
expressions of the veins systems are occurring near the upper limits of the hydrothermal
system, or the system is intact and has not been substantially eroded. Many of the historic
occurrences in the
Zacualpan
district have either not been drill tested or tested only to very
shallow depths.
The
Zacualpan
project area is strongly metal endowed and may include other deposit types in
addition to silver dominant intermediate sulphidation veins. Occurrences in the Santa Terresa
area have some of the characteristics of gold associated with intrusion related gold systems.
Anomalous gold and copper values in surface and underground rock exposures are associated
with numerous silica-hematite altered felsic intrusions which cut thick bedded, siliceous
sediments. IMPACT technical teams are currently expanding the targeting of intrusion hosted
gold occurrences in the
Santa Teresa
area and investigating the potential for bulk tonnage
intrusion related gold systems.
Work is presently in progress in two principle areas including:
Defining onstrike extensions to the
San Ramon
silver vein system. Detailed soil geochemical
sampling and geological work extended the deformation zone which hosts the flagship
San
Ramon
mine.
Better characterizing the potential for bulk mineable, and potentially intrusion related gold
systems in the
Santa Teresa
area. With additional geochemical and geological work, the
Santa
Teresa
anomalous gold copper area is outlined over a large area with many anomalous
samples in gold (see
IMPACT news release dated
September 25, 2018
).
Based on these results, IMPACT Silver technical teams are advancing these and related targets to
the drill stage.
Wojtek Jakubowski
, P.Geo., a Qualified Person under the meaning of Canadian National Instrument
43
101, approved the technical content of this news release.
About IMPACT Silver:
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 that is awaiting higher
silver prices to be restarted. 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/January2019/24/c4831.html
%SEDAR: 00001640E
For further information:
Jerry Huang, CFO | Investor Relations, (604) 681 0172 or
CO: IMPACT Silver Corp.
CNW 09:00e 24-JAN-19