Welcome!

News Feed Item

IMPACT Silver Drills 312 Grams Per Tonne Silver Across 2.87 Meters at La Condesa, in Zacualpan, Mexico

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/19/12 -- IMPACT Silver Corp. ("IMPACT") (TSX VENTURE:IPT) is pleased to announce first phase drill results from multiple veins at the La Condesa Prospect in the Royal Mines of Zacualpan District in Mexico. La Condesa area can be accessed from the underground workings of the historic Cuchara Mine, which are currently being refurbished to mine IMPACT's nearby high grade Oscar silver zone (see IMPACT news releases dated August 22, 2012 and April 23, 2012).

It was the intention of this La Condesa drill program to outline sufficient mineralization that would augment the planned production from the Oscar Veins. Access to La Condesa Veins would be through a different part of the historic Cuchara Mine underground workings than the access to Oscar, thereby creating separate mining areas and multiple mining faces. An exploration crosscut from the Cuchara underground workings dating from the 1980s, now provides initial underground access to La Condesa. Mine engineering studies are now required to confirm the resource.

Summarized below are the more significant intersections from La Condesa first phase drill program:


                   La Condesa - First Phase Drill Results                   
                                                                            
                                                True                       
                                       Inter- Thick-                       
Hole   Drill               From     To    val   ness  Silver  Gold Lead Zinc
Number Section Vein Name meters meters meters meters     g/t   g/t    %    %
----------------------------------------------------------------------------
Z12-28 21+50 N Resguardo  14.75  16.80   2.05   1.94   157.2 0.019 0.02 0.13
----------------------------------------------------------------------------
Z12-29 21+50 N Maria de   85.80  87.30   1.50   1.43    98.5 0.014 0.04 0.09
               Jesus                                                        
----------------------------------------------------------------------------
Z12-30 21+50 N Resguardo  53.50  56.00   2.50   2.37   201.6 0.026 0.07 0.80
----------------------------------------------------------------------------
Z12-32 23+50 N Maria de  124.83 126.88   2.05   1.52   204.0 0.108 0.33 2.32
               Jesus                                                       
and    23+00 N Trans-     61.85  63.30   1.45   0.89 1,773.1 0.068 0.20 1.48
               verse Vein                                                  
----------------------------------------------------------------------------
Z12-36 23+00 N Maria de  156.80 158.15   1.35   0.90   294.4 0.054 0.13 0.62
               Jesus                                                       
----------------------------------------------------------------------------
Z12-38 24+00 N Yerb-     106.60 109.35   2.75   1.94   152.0  0.38 2.90 0.09
               abuena                                                      
----------------------------------------------------------------------------
Z12-39 23+00 N Resguardo 167.30 171.00   3.70   2.87   312.0 0.029 0.27 0.90
and    23+00 N Trans-    180.00 181.00   1.00   0.80   100.0 0.010 0.16 0.11
               verse 1                                                     
and    23+00 N Maria de  185.00 187.00   2.00   1.78    94.2 0.010 0.13 0.11
               Jesus                                                       
----------------------------------------------------------------------------
Z12-40 22+00 N Maria de  164.00 168.00   4.00   3.96   127.0 0.005 0.05 0.16
               Jesus                                                       
----------------------------------------------------------------------------
Z12-42 21+50 N Maria de  136.00 139.78   3.78   3.59   214.0 0.269 0.15 0.37
               Jesus                                                       
----------------------------------------------------------------------------
Z12-43 21+00 N Maria de  123.85 129.50   5.65   5.64   129.8 0.021 0.09 0.08
               Jesus A                                                     
----------------------------------------------------------------------------
Z12-44 24+00 N Yerba-    136.43 140.40   3.97   3.47   116.0 0.001 0.10 0.29
               buena 3                                                     
----------------------------------------------------------------------------
Z12-45 24+00 N Yerba-    177.90 179.00   1.10   0.98 1,655.0 0.010 0.25 0.08
               buena 3                                                     
----------------------------------------------------------------------------
Z12-46 24+50 N Maria de  151.40 154.25   2.85   2.67   255.0 0.111 0.22 0.46
               Jesus                                                       
----------------------------------------------------------------------------
Z12-47 23+50 N Resguardo  22.10  23.00   0.90   0.88   141.0 0.010 0.02 0.06
and    23+50 N Trans-    109.00 110.50   1.05   0.90   720.0 0.030 0.25 0.52
               verse 1                                                     
----------------------------------------------------------------------------
Z12-49 24+50 N Maria de  185.00 186.45   1.45   1.36   200.2 0.038 0.19 0.79
               Jesus A                                                     
and    24+50 N Maria de  194.95 196.47   1.52   1.42   149.6 0.864 0.82 2.13
               Jesus B                                                     
----------------------------------------------------------------------------
Z12-54 24+50 N Maria de  242.70 243.30   0.60   0.56   320.0 0.260 0.18 0.95
               Jesus B                                                     
----------------------------------------------------------------------------
Z12-55 21+00 N Resguardo  57.80  59.60   1.80   1.76   245.3 0.030 0.12 0.36
----------------------------------------------------------------------------
Z12-58 25+00 N Maria de  199.10 201.00   1.90   1.78   186.4 0.108 0.41 1.15
               Jesus                                                       
----------------------------------------------------------------------------
Z12-61 20+50 N Maria de   50.00  51.20   1.20   1.12   137.8 0.051 0.08 0.17
               Jesus                                                       
----------------------------------------------------------------------------
Z12-62 20+50 N Resguardo  24.70  25.75   1.05   0.74   297.0 0.020 0.04 0.06
and    20+50 N Trans-     54.80  56.80   2.00   1.28    70.5 0.015 0.06 0.11
               verse 3                                                     
and    20+50 N Maria de   79.05  79.90   0.85   0.54   198.2 0.018 0.11 0.25
               Jesus                                                       
----------------------------------------------------------------------------
Z12-63 20+50 N Maria de  106.50 108.85   2.35   2.22   230.9 0.010 0.16 0.26
               Jesus                                                       
----------------------------------------------------------------------------
Z12-64 20+50 N Maria de  101.10 105.55   4.45   3.99   199.8 0.035 0.21 0.49
               Jesus                                                       
----------------------------------------------------------------------------
Z12-65 20+50 N Maria de  137.15 138.40   1.25   1.24   242.6 0.018 0.17 0.41
               Jesus                                                       
----------------------------------------------------------------------------
Z12-67 23+00N  Maria de   51.57  53.00   1.43   1.04   116.2 0.017 0.07 0.13
               Jesus                                                       
----------------------------------------------------------------------------
Z12-68 23+50N  Maria de   46.40  50.30   3.90   3.66   249.6 0.009 0.07 0.16
               Jesus                                                       
----------------------------------------------------------------------------

The mineralization at La Condesa consists of two main northeasterly dipping structures (Maria de Jesus and Resguardo), plus a number of smaller northwesterly dipping transverse veins all of which occur 200 meters southwest of the Cuchara Mine workings.

To date, the Resguardo and Maria de Jesus Veins have been mapped on surface and in underground workings for a strike length in excess of 750 meters. Both remain open for extension to the southeast and to depth. To the southeast, one of the last drill holes (Z12-64) of this first phase program intersected 199.8 g/t silver over 3.99 meters true width (TW). La Condesa remains open to expansion at depth, where one of the deepest drill holes (Z12-39) intersected 312.0 g/t silver over 2.87 meters (TW). The locally high grade nature of the La Condesa mineralization is demonstrated by two intersections within the central portion (Z12-32 and Z12-45) which produced grades exceeding one kilogram per tonne of silver (1,773 g/t over 0.89 meters TW and 1,655 g/t over 0.98 meters TW, respectively). Native silver was also observed in three drill holes at La Condesa, which to date are the only holes IMPACT has drilled in which this mineralogy is clearly visible. To the southeast, both structures pass into the Santa Efigenia area, which is known to contain some of the higher silver grades in Zacualpan District (up to 3,700 g/t silver in old mine workings). Geological mapping and sampling was recently completed in this area in preparation for future drilling.

Future drilling at La Condesa will emphasize expanding the mineralization to the southeast and to depth. It is also anticipated that detailed definition drilling using underground drills, currently onsite, will be used to better define the La Condesa mineralization.

Future Plans for the Cuchara Mine Development Area

A surface drill program is planned for the Cuchara North area that lays 200 meters to the northeast of the La Condesa Veins and represents the northwesterly extension to the Oscar Veins that are currently slated for production. A second drill program is planned for the southwest dipping El Copal Veins located 175 meters to the west of La Condesa. A third drill program is planned for the Santa Efigenia area, located immediately to the southeast of La Condesa on the extensions to the Maria de Jesus and Resguardo Veins, after results of geological mapping and sampling have been interpreted. If results of this drilling prove successful, it is anticipated that these areas (Oscar, La Condesa, Cuchara North, El Copal and Santa Efigenia) would be connected by a series of underground workings, which in turn would represent separate mining areas, all of which originate from the same Cuchara Mine portal.

Brian Hall, M.Sc., P. Geo., Nigel Hulme, P. Geo. and Wojtek Jakubowski, P. Geo., Qualified Persons under the meaning of Canadian National Instrument 43-101, are responsible for the technical content of this news release.

IMPACT Silver Corp. is a precious metal mining and exploration company operating in central Mexico, with a producing silver operation at the 423-square-kilometer Royal Mines of Zacualpan Silver District which includes the La Condesa area, the adjoining 200-square-kilometer Mamatla VMS District which includes the advanced Capire Mine Development Project, and a 16.5% shareholding in Defiance Silver Corp. who are advancing IMPACT's 200 tpd mill and mineral concessions in the Zacatecas Silver District. Additional information including a map of the Cuchara/La Condesa vein systems can be found on the Company website at www.IMPACTSilver.com under Projects - Zacualpan.

On behalf of the Directors of IMPACT Silver Corp.

Frederick W. Davidson, President & CEO

Forward-Looking 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.

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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
For financial firms, the cloud is going to increasingly become a crucial part of dealing with customers over the next five years and beyond, particularly with the growing use and acceptance of virtual currencies. There are new data storage paradigms on the horizon that will deliver secure solutions for storing and moving sensitive financial data around the world without touching terrestrial networks. In his session at 20th Cloud Expo, Cliff Beek, President of Cloud Constellation Corporation, w...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
SYS-CON Events announced today that Progress, a global leader in application development, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Enterprises today are rapidly adopting the cloud, while continuing to retain business-critical/sensitive data inside the firewall. This is creating two separate data silos – one inside the firewall and the other outside the firewall. Cloud ISVs ofte...
Existing Big Data solutions are mainly focused on the discovery and analysis of data. The solutions are scalable and highly available but tedious when swapping in and swapping out occurs in disarray and thrashing takes place. The resolution for thrashing through machine learning algorithms and support nomenclature is through simple techniques. Organizations that have been collecting large customer data are increasingly seeing the need to use the data for swapping in and out and thrashing occurs ...
SYS-CON Events announced today that Outscale, a global pure play Infrastructure as a Service provider and strategic partner of Dassault Systèmes, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2010, Outscale simplifies infrastructure complexities and boosts the business agility of its customers. Outscale delivers a secure, reliable and industrial strength solution for its customers, which in...
Cloud applications are seeing a deluge of requests to support the exploding advanced analytics market. “Open analytics” is the emerging strategy to deliver that data through an open data access layer, in the cloud, to be directly consumed by external analytics tools and popular programming languages. An increasing number of data engineers and data scientists use a variety of platforms and advanced analytics languages such as SAS, R, Python and Java, as well as frameworks such as Hadoop and Spark...
SYS-CON Events announced today that DivvyCloud will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. DivvyCloud software enables organizations to achieve their cloud computing goals by simplifying and automating security, compliance and cost optimization of public and private cloud infrastructure. Using DivvyCloud, customers can leverage programmatic Bots to identify and remediate common cloud problems in rea...
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assis...
Interested in leveling up on your Cloud Foundry skills? Join IBM for Cloud Foundry Days on June 7 at Cloud Expo New York at the Javits Center in New York City. Cloud Foundry Days is a free half day educational conference and networking event. Come find out why Cloud Foundry is the industry's fastest-growing and most adopted cloud application platform.
While some vendors scramble to create and sell you a fancy solution for monitoring your spanking new Amazon Lambdas, hear how you can do it on the cheap using just built-in Java APIs yourself. By exploiting a little-known fact that Lambdas aren’t exactly single threaded, you can effectively identify hot spots in your serverless code. In his session at 20th Cloud Expo, David Martin, Principal Product Owner at CA Technologies, will give a live demonstration and code walkthrough, showing how to ov...
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and value...
In order to meet the rapidly changing demands of today’s customers, companies are continually forced to redefine their business strategies in order to meet these needs, stay relevant and continue to see profitable growth. IoT deployment and development is integral in this transformation, and today businesses are increasingly seeing the value of investing their resources into IoT deployments. These technologies are able increase ROI through projects such as connecting supply chains or enabling sm...
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...