|September 06, 2018|
IMPACT Silver Discovers New Zone at the Guadalupe Mine, Mexico Initial Results include 2.61 meters of 1,263 g/t Silver and 8.82 meters of 306 g/t Silver
IMPACT Silver Corp. (“IMPACT” or the “Company”) is pleased to announce the discovery of a new mineralized shoot on the Lipton vein in the Guadalupe mine. The new Lipton Norte Zone was discovered during an underground drill program which was designed to test the northern extension of the near vertical vein system. To date the new zone has been drilled over a length of 120m and vertical distance of 80m. The well mineralized shoot remains open in all directions. Results from the recent drilling are as follows:
The area was initially targeted during an exhaustive compilation of the Guadalupe mine workings into IMPACT’s comprehensive GIS database of the large 357km2 land package. The geology team discovered evidence of additional high-grade silver potential in this area and allocated drilling in 2018’s brownfield exploration plans.
The Guadalupe mine has an operating shaft and is located just beside the Guadalupe 535 tonne per day processing plant; two factors which minimize mining and trucking costs. The Company is pleased to see exploration results are significantly higher grade than recent mill head grade and plans to mine mineral from this newly discovered zone in coming quarters to increase revenue per tonne as well as carry out additional brownfields exploration elsewhere in the Guadalupe mine.
Historical production from the Guadalupe Mine was first recorded in 1529 and produced an estimated 9,000,000 ounces of silver between 1967 and 1982 from five veins on six levels to a depth of 270m below surface. Throughout the centuries, as mining technologies allowed greater depths to be mined and better recovery techniques were developed the economic silver grades dropped. Fluctuations in the price of silver, revolutions and economic downturns resulted in many shutdowns and re-openings but Guadalupe has always managed to recover and continue to produce silver and wealth for investors and the local communities.
Wojtek Jakubowski, P.Geo., a Qualified Person under the meaning of Canadian National Instrument 43‑101, approved the technical content of this news release.
About IMPACT Silver:
On behalf of IMPACT Silver Corp.
“Frederick W. Davidson”
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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.
Forward-Looking and Cautionary Statements
The Company’s decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company’s geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI43‑101 the Company is required to disclose that it has not based its production decisions on NI43‑101‑compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.
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