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.

Contacts:
IMPACT Silver Corp.
Meghan Brush
Investor Relations
(604) 681 0172
(604) 681 6813 (FAX)
[email protected]
www.IMPACTSilver.com

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
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...