TSX-V : IPT   $0.33
Frankfurt : IKL   €0.21
Impact Silver Corp.
Impact Silver Corp.

Investors

News Releases


 December 16, 2009
IMPACT Intersects 466 G/T Silver Over 3.2 Meters At Santa Lucia

 IMPACT Silver Corp. ("IMPACT") is pleased to announce additional drill results from a 1,500-meter Phase One drill program at the Santa Lucia Mining Camp located 3.7 kilometers southeast of IMPACT's processing plant in Royal Mines of Zacualpan Silver-Gold District of central Mexico. In a previous press release (dated October 6, 2009), the first five holes of this program were summarized, including highlights of 1,905 g/t silver over 0.57 meters and 600g/t silver over 1.43 meters. Summarized below are results from the remaining Phase One drill holes from this prospective area:

SUMMARY OF RECENT SANTA LUCIA DRILL INTERSECTIONS

DRILL
HOLE
FROM
(m)
TO
(m)
INTERVAL
(m)
SILVER
(g/t)
GOLD
(g/t)
LEAD
(wt. %)
ZINC
(wt. %)
  SECTION 1700N
Z09-50 13.7 14.66 0.96 602 0.02 0.02 0.01
Z09-51 34.25 35.7 1.45 141 0.01 0.03 0.09
  SECTION 1600N
Z09-47 60.6 66.9 6.3 278.2 0.01 0.15 0.70

including

63.72 66.9 3.18 466.6 0.01 0.24 1.11

including

63.72 64.65 0.93 1185.0 0.02 0.65 3.30

Z09-54

163.45 165.06 1.61 311.6 0.06 0.25 0.47
  SECTION 1550N
Z09-52 202.97 205.07 2.1 133.5 0.04 0.23 0.49
Z09-53 216.13 218.52 2.39 419.3 0.03 0.28 0.32

and

262.97 264.35 1.38 152.8 0.45 0.81 1.1
  SECTION 1500N
Z09-55 232.67 233.75 1.08 372 0.01 0.04 0.24
  SECTION 1350N
Z09-56 121.44 121.9 0.46 331 0.06 0.13 0.38
  SECTION 1300N
Z09-57 122.5 124.48 1.96 167.5 0.06 0.32 2.37
Z09-58 29.45 30.32 0.87 1,127.6 0.01 0.08 0.13

and

212.97 215.05 2.08 274.1 0.05 0.4 1.17
  SECTION 1250N
Z09-59 135.1 136 0.9 377 0.01 0.04 0.12


The Santa Lucia Phase One drilling was based on detailed geological mapping and soil sampling over the past year, which outlined a number of silver targets consisting of old mine workings and outcropping veins along a northwesterly trending structural corridor that is coincident with a strong silver-gold-lead-zinc soil geochemistry anomaly. Phase One drilling tested a variety of these targets along strike with drill holes spaced at 50-meter intervals to determine the focus for additional drilling. Section 1550N, where the initial assays produced multiple significant intersections (see news release dated October 6, 2009), was drilled at 50-meter intervals to a depth of 260 meters to confirm the continuity of mineralization. Otherwise, no attempt has been made to correlate individual veins between drill holes or to determine true thicknesses for the reported intervals as this should become clear once additional drilling is undertaken. Four other shallow holes (Z09-38, 46, 48, 49) drilled north of Section 1500N did not intersect significant mineralization.

A Phase Two drill program will continue 50-meter grid drilling from Section 1600N at depth where the vein bearing structures are becoming better defined and to the south of Section 1250N where several previously unknown old mine workings appear to show continuity with the famous Chontalpan Mine located two kilometers to the southeast. Historic reports describe the Chontalpan Mine as a large, very high grade silver producer dating back to at least the 1760's.

Brian Hall, 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 profitable silver-focused mining and exploration company operating in Mexico with a producing silver operation at the Royal Mines of Zacualpan, the adjacent 200-square-kilometer advanced Mamatla Mineral District and a portfolio of projects with an option on a producing mill at Zacatecas.

On behalf of the Directors of IMPACT Silver Corp.,

"Frederick W. Davidson"
President and Chief Executive Officer

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.
 
 

You can return to the main News Releases page, or press the Back button on your browser.