|April 11, 2007|
Impact Silver Announces Property Acquisitions In Zacatecas
|IMPACT Silver Corp. ("IMPACT") is pleased to announce that it has acquired two new concessions in the Zacatecas Silver District of Mexico. The Nueva Granada and Asturiana acquisitions are for 100% interests in each concession with no underlying royalties.|
The concessions cover most of the Nueva Granada vein which is part of the Veta Grande vein system. Historically, the Zacatecas Silver District has produced over 1 billion ounces of silver and the Veta Grande vein system was the largest producer in the district. Past production figures from the Nueva Granada vein are not available, but old plans indicate that it was mined along a length of 700m and to a depth of 150-200m.
In addition, the concessions contain about 30,000 tonnes of old mine dumps. In 2003, it was reported that 12,000 tonnes from these dumps were processed, returning an average grade of 220g/t silver. This material was processed in the Veta Grande plant, which IMPACT controls through an option to purchase agreement.
IMPACT management is pleased to have added these two key historic concessions to its property holdings in Zacatecas. With these purchases, IMPACT now controls 17 concessions in the Zacatecas area, continuing its strategy of building its portfolio of properties to provide future mineral supplies to feed the Veta Grande plant.
George Gorzynski, P. Eng., a Qualified Person under the meaning of Canadian National Instrument 43-101 and Vice President, Exploration of IMPACT Silver Corp., is responsible for the technical content of this news release.
IMPACT Silver Corp. is a profitable Tier 1 silver exploration and mining company with two producing silver mines at Zacualpan, Mexico; a portfolio of advanced-stage silver project at Zacatecas, Mexico; the 200 km2 Mamatla silver district in Mexico; and, other projects in the Dominican Republic. Energold Drilling Corp. (EGD: TSX.V) owns 6.6 million shares of IMPACT.
On behalf of the Directors of IMPACT Silver Corp.,
"Frederick W. Davidson"
For further information, please contact:
Darrell Rader, Corporate Development
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
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