IMPACT SILVER INTERSECTS 402.6 g/t SILVER ACROSS 2.14m AT CHONTALPAN PROJECT
09:30 EDT Wednesday, September 15, 2010
globeinvestor.com
IMPACT SILVER INTERSECTS 402.6 g/t SILVER ACROSS 2.14m AT CHONTALPAN PROJECT
IMPACT Silver Corp. ("IMPACT" or "the Company") is pleased to announce results from the first six drill holes in the Chontalpan Project Area, located 2.5 kilometers southeast of IMPACT's Guadalupe processing plant in the 623-square-kilometer Royal Mines of Zacualpan District, Mexico. This drilling is the first part of a recently announced 5,000 meter Golondrinas-Chontalpan-Cuchara (GGC) Sector drill program (see IMPACT news release dated July 27, 2010), in which additional background information and technical details specific to the Chontalpan Project Area were provided when drilling commenced (see IMPACT news release dated August 3, 2010).
Assays have been received from all six of the first phase exploratory holes on two drilling areas (see table below):
SUMMARY OF CHONTALPAN AREA DRILL INTERSECTIONS
CHONTALPAN MINE - NORTHWEST ("CMN") DRILLING AREA
DRILL DRILL VEIN FROM TO INTERVAL SILVER GOLD LEAD ZINC
HOLE SECTION NAME (m) (m) (m) (g/t) (g/t) (%) (%)
Z10-05 L 6+00 S Chontalpan 144.5 144.9 0.35 322.0 0.140 0.03 0.01
and
Z10-05 L 6+00 S Chontalpan 156.00 158.00 2.00 331.5 0.151 0.56 1.36
Z10-06 L 6+00 S Chontalpan 165.9 167.75 1.85 109.8 0.073 0.12 0.36
and
Z10-06 L 6+00 S Poblana 216.10 217.30 1.20 232.0 0.020 0.15 0.37
Z10-07 L 5+50 S Chontalpan 80.25 82.52 2.27 280.5 0.007 0.06 0.18
including
Z10-07 L 5+50 S Chontalpan 80.87 81.2 0.33 1,900.0 0.050 0.40 1.15
LOMA LARGA DRILLING AREA
Z10-08 L 0+50 S Chontalpan 87.45 89.15 1.70 167.1 0.047 0.14 0.54
including
Z10-08 L 0+50 S Chontalpan 87.9 88.29 0.39 708.0 1.800 0.57 2.27
and
Z10-08 L 0+50 S Chontalpan Splay #1 96.35 96.9 0.55 139.0 0.490 0.57 1.08
Z10-09 L 0+50 S Chontalpan 97.18 97.95 0.77 260.4 0.299 0.75 2.86
Z10-10 L 0+00 S Chontalpan 55.70 60.40 4.70 239.6 0.016 0.24 0.69
including
Z10-10 L 0+00 S Chontalpan 55.70 57.84 2.14 402.6 0.023 0.35 1.26
and
Z10-10 L 0+00 S Chontalpan Splay #2 65.27 65.46 0.19 310 0.13 3.52 11.60
The Chontalpan Vein was the principal target of this first phase drilling program and consistently intersected mineralization in all six drill holes. The Chontalpan Mine Northwest (CMN) Drilling Area is on the immediate northwest extension of the vein in the large historic Chontalpan Silver Mine and the Loma Larga Drilling Area is defined by a silver-in-soil anomaly located 500 meters to the northwest. In addition, the Poblana Vein situated about 75 meters to the southwest of the Chontalpan Vein was also intersected in two of the drill holes in the CMN Drilling Area. In the Loma Larga Drilling Area, the Chontalpan Vein was successfully intersected in all three drill holes of this first phase program. In addition, significant silver values were obtained over short intervals from two splay veins that emanate from the main vein suggesting the potential for finding additional nearby silver-bearing veins.
Both drilling areas are open for expansion. Based upon the favorable results obtained from this first phase program, plans are underway for a second phase program to commence in the immediate future. Additional drill holes (again spaced at 50 meter intervals) will be undertaken to determine both the lateral and depth extent to the mineralization encountered to date, with the eventual goal to connect the Loma Larga and CMN Drilling Areas. Drill holes for the second phase program will include testing the mineralization encountered in drill hole Z10-10 (402.6 g/t silver over 2.14 meters) of the Loma Larga area further to the northwest along the Chontalpan Vein System.
Brian Hall, P. Geo. and Nigel Hulme, P. Geo., Qualified Persons under the meaning of Canadian National Instrument 43101, 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 623-square-kilometer Royal Mines of Zacualpan District, the adjacent 200-square-kilometer advanced Mamatla Mineral District and a portfolio of projects with an operational processing plant at Zacatecas. Additional information including a drill map of the Chontalpan Project Area can be found on the Company website at www.IMPACTSilver.com .
On behalf of the Directors of IMPACT Silver Corp.,
"Frederick W. Davidson"
President & CEO
For further information, please contact:
Sunny Pannu, Investor Relations
(604) 681 0172 or via email at inquiries@impactsilver.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
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