IMPACT Silver Corp. ("IMPACT") is pleased to announce additional high grade silver drill results from the San Ramon Deeps Zone in the Royal Mines of Zacualpan Project in central Mexico. IMPACT began mining this wide and high grade vein in 2014 and it is now largely responsible for the elevated silver grades reporting to the Guadalupe mill. Highlights from these new drill holes include the following:
SAN RAMON DEEPS DRILL RESULTS
| Hole No. | Vein | From (meters) | To (meters) | Interval (meters) | True Width (meters) | Ag (g/t) | Au (g/t) | Pb (%) | Zn (%) |
|---|
The zone remains open for expansion (north, down dip and up dip) and is currently being drilled downdip from an underground drill station at the bottom of the San Ramon Mine.
This wide and high grade silver vein at San Ramon Deeps Zone was discovered in 2014 and now provides 40% of total production tonnage. To date this vein has been exposed in mine workings on Levels 16.5, 18, 19 and 20 over a minimum length of 180 meters where it continues to be open for expansion and has true widths of two to seventeen meters. The drill holes in this news release outlined the vein to a vertical distance of 10 to 55 meters below the current mine workings. (For a section of the San Ramon Deeps Zone and drill holes, see the San Ramon Mine slide in the PowerPoint Presentation on the company website at www.IMPACTSilver.com).
The San Ramon Mine is located five kilometers southeast of IMPACT's 500 tonne per day Guadalupe processing plant and is one of the main producing mines in IMPACT's Royal Mines of Zacualpan Silver District. Mining of the principal vein at San Ramon since 2006 has taken place over a vertical distance of 230 meters on 20 Levels. Two nearby parallel veins have provided supplemental production.
Wojtek Jakubowski, P.Geo., and George Gorzynski, P.Eng., Qualified Persons under the meaning of Canadian National Instrument 43‑101, are responsible for the technical content of this news release.
About IMPACT Silver:
IMPACT Silver Corp. is a silver producer with two processing plants on two adjacent projects within its 100% owned mineral concessions in central Mexico: the Guadalupe Production Centre and the Capire Processing Plant. At Guadalupe, three underground silver mines, including San Ramon, feed the central 500 tpd processing plant located within the historic Royal Mines of Zacualpan Silver-Gold District. At Capire, the 200 tpd processing plant and open pit silver mine are on care and maintenance waiting for a recovery in silver prices. Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com.
On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO
For more information, please contact:
Jerry Huang
Investor Relations Manager
(604) 681 0172 or [email protected]
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
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.
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.
