|July 03, 2008|
Impact Announces Sale Of San Sabino Concession In Zacatecas
|IMPACT Silver Corp. ("IMPACT") announces that it has sold its 35% interest in the San Sabino concession in Zacatecas to Apex Silver Mines Limited ("Apex") for US$325,000 plus a retained 1% Net Smelter Return Royalty purchasable by Apex for US$1 million. San Sabino was not considered to be a core holding for IMPACT. IMPACT will retain a future benefit in the concession through its retained NSR royalty interest.|
The San Sabino concession is located in the northwest part of the Zacatecas District. IMPACT optioned the concession to Yale Resources (see IMPACT news release dated October 18, 2006) and earlier this year Yale completed its earn in of 65%. IMPACT holds 16 other concessions in the Zacatecas Silver District and has an option to purchase a producing 200 tonne per day processing plant in the middle of the district.
IMPACT Silver Corp. is a silver focused mining and exploration company operating in Mexico with a producing silver operation at the 125 square kilometer Royal Mines of Zacualpan, the 200 square kilometer advanced Mamatla Silver District and a portfolio of projects with a producing mill at Zacatecas. Energold Drilling Corp. (EGD:TSX.V) who is the contractor for the ongoing drill program, 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
Telephone: 604 681 9501
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
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