Initial Results include 2.61 meters of 1,263
g/t Silver and 8.82 meters of 306 g/t Silver
Trading Symbol: "IPT: TSX.V"
VANCOUVER, Sept. 6, 2018 /CNW/ - IMPACT Silver Corp.
("IMPACT" or the "Company") is pleased to announce the discovery of
a new mineralized shoot on the Lipton vein in the Guadalupe mine.
The new Lipton Norte Zone was
discovered during an underground drill program which was designed
to test the northern extension of the near vertical vein system. To
date the new zone has been drilled over a length of 120m and vertical distance of 80m. The well mineralized shoot remains
open in all directions. Results from the recent drilling are
as follows:
HOLE No.
|
FROM
(m)
|
TO (m)
|
INTERVAL
(m)
|
TRUE_WIDTH
(m)
|
SILVER
ppm
|
GOLD
ppm
|
LEAD
%
|
ZINC
%
|
LG-UG01-01
|
181.50
|
182.50
|
1.00
|
0.64
|
245
|
0.10
|
0.17
|
0.62
|
LG-UG01-02
|
199.25
|
210.25
|
11.00
|
10.57
|
201
|
0.13
|
0.20
|
0.55
|
including
|
205.90
|
210.25
|
4.35
|
4.18
|
381
|
0.09
|
0.42
|
1.17
|
LG-UG01-03
|
231.00
|
240.35
|
9.35
|
7.74
|
466
|
0.13
|
0.56
|
1.13
|
including
|
231.00
|
234.15
|
3.15
|
2.61
|
1,263
|
0.26
|
1.61
|
3.23
|
LG-UG01-04
|
224.95
|
235.00
|
10.05
|
8.82
|
306
|
0.11
|
0.25
|
0.51
|
LG-UG01-05
|
210.15
|
213.35
|
3.20
|
2.87
|
135
|
0.13
|
0.45
|
1.22
|
LG-UG01-06
|
25.30
|
26.95
|
1.65
|
1.53
|
240
|
0.04
|
0.67
|
2.57
|
LG-UG01-06
|
204.35
|
207.40
|
3.40
|
2.87
|
308
|
0.19
|
0.27
|
0.43
|
LG-UG01-07
|
224.65
|
227.00
|
2.35
|
2.02
|
206
|
0.50
|
0.16
|
0.33
|
The area was initially targeted during an exhaustive compilation
of the Guadalupe mine workings into IMPACT's comprehensive GIS
database of the large 357km2 land package. The geology
team discovered evidence of additional high-grade silver potential
in this area and allocated drilling in 2018's brownfield
exploration plans.
The Guadalupe mine has an operating shaft and is located just
beside the Guadalupe 535 tonne per day processing plant; two
factors which minimize mining and trucking costs. The Company is
pleased to see exploration results are significantly higher grade
than recent mill head grade and plans to mine mineral from this
newly discovered zone in coming quarters to increase revenue per
tonne as well as carry out additional brownfields exploration
elsewhere in the Guadalupe mine.
Historical production from the Guadalupe Mine was first recorded
in 1529 and produced an estimated 9,000,000 ounces of silver
between 1967 and 1982 from five veins on six levels to a depth of
270m below surface. Throughout
the centuries, as mining technologies allowed greater depths to be
mined and better recovery techniques were developed the economic
silver grades dropped. Fluctuations in the price of silver,
revolutions and economic downturns resulted in many shutdowns and
re-openings but Guadalupe has always managed to recover and
continue to produce silver and wealth for investors and the local
communities.
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 357km2 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.