Aug. 19, 2010 (TheNewswire.ca) --
IMPACT Silver Corp. ("IMPACT" or "the Company") is pleased to announce that the drill has now moved onto the Golondrinas Project Area ("Golondrinas") of the Royal Mines of Zacualpan Silver-Gold District in Mexico while awaiting drill results from the nearby Chontalpan Project Area. Golondrinas is located three kilometers southeast of IMPACT's Guadalupe processing plant (see IMPACT news release dated July 27, 2010).
At this time, only the northern portion of Golondrinas is slated for drilling. Within this 600-meter by 200-meter area is a cluster of 13 northwest striking veins of variable thickness and because of this vein density, most of the drill holes should intersect multiple veins. Six of these veins returned samples better than 1,000 g/t silver, with the best results coming from the Golondrinas Vein underground workings (4,800 g/t silver over 1.25 meters). Mineral association studies conducted by IMPACT's exploration staff suggest the veins in this area are characteristic of the upper portions of the epithermal vein systems in the district, meaning that the initial drill holes will be targeting the higher grade tops of the silver-bearing zone. This initial program will consist of sets of three drill holes (spaced at 50-meter intervals) in each of the following target areas:
SUMMARY OF GOLONDRINAS DRILL TARGETS
TARGET AREA OLD MINE WORKINGS SIGNIFICANT SILVER VALUES AND VEINS
GOLONDRINAS CROSSCUT Golondrinas Adit, Golondrinas Cross Cut, Working Lamberto-10, Working JA-005 Two parallel veins (BTH-366, hosted by the Golondrinas South Wing and Golondrinas, hosted by the Main Adit) located 25 meters apart. which contain 10 assays ranging from 215 to 2,510 g/t silver GOLONDRINAS MAIN Golondrinas Adit Values up to 4,800 g/t silver over 1.25 meters for the Golondrinas Vein within the Golondrinas Adit DON CARMELO Don Carmelo Main Adit, Don Carmelo Arriba Adit, Working TRJ-001, El Quacle The Lower Don Carmelo Adit is a buried working with a nearby old mine office and mining equipment; it is reported to be least 150 meters long and trends on the northerly continuation of the Golondrinas Vein, 372 g/t silver over 0.81 meters at the entrance WORKING BTH-366 El Sapo, Guajocote, Zapote, El Sauce, Pretil, El Guayabo Values up to 1,220 g/t silver over 0.31 meters hosted by the BTH-366 Vein, with values of 244g/t Silver over 0.91 meters in the adjacent Guajocote Vein, 25 meters to the northeast
LA OBRA WORKING La Obra, Huamuchil, BTH-407 Working Within the La Obra Adit there are 35 rock samples that contain greater than 100 g/t silver, with the highest having 1,135 g/t Silver over 0.31 meters (La Obra Vein) LA OBRA AV-005 WORKING El Borrego, AV-006 La Obra Vein, assays of 584 g/t silver over 0.13 m EL COLORIN II El Colorín II, Cazayate, El Guaje Cazayate Working, values up to 726 g/t Silver, with nine others that range from 115-631 g/t Silver from the adjacent La Blanca Veins
Once the assay results are received from this Phase 1 drilling program, areas that warrant it will receive additional drilling at 50-meter intervals in order to better define continuity and size of the mineralized zones for potential future mining operations.
Historically, most of the numerous old mine workings at Golondrinas date back to the early 1900s. At that time, the nearby town of Texicapan was dominated by American mining interests who were responsible for most of the early work in the Golondrinas area. Recent sampling of many of the old mine workings, geological mapping, geochemical sampling and a comprehensive interpretation of the vein structures have been completed by the Company's exploration staff in preparation for this Phase 1 drill program.
Brian Hall, P .Geo. and Nigel Hulme, 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 in the 423-square-kilometer Royal Mines of Zacualpan Silver-Gold 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 maps of IMPACT's projects can be found on the Company's website at www.IMPACTSilver.com .
On behalf of the Directors of IMPACT Silver (TSXV:IPT) 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.
1100-543 Granville Street Telephone 604 681-0172
Vancouver, BC Canada V6C 1X8 Facsimile 604 681-6813
www.IMPACTSilver.com inquiries@IMPACTSilver.com
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