|August 03, 2010|
IMPACT Silver Commences Drilling on the Chontalpan Project Area, Mexico
|IMPACT Silver Corp. ("IMPACT") is pleased to announce that drilling has begun on the Chontalpan Project Area of the Royal Mines of Zacualpan Silver District in Mexico, five kilometers southeast of IMPACT'S Guadalupe processing plant. This drilling is part of a recently announced 5,000 meter Golondrinas-Chontalapan-Cuchara Sector (GCC) drill program (see IMPACT news release dated July 27 2010). Historically, the silver-rich Chontalpan Vein has accounted for a significant portion of the Zacualpan District's past production dating back to the 1760's. According to historians, production from the Chontalpan mine is estimated to be responsible for a considerable amount of the wealth accumulated by Jose de la Borda, who at the time was one of the richest mine owners in Mexico.|
Recent geological mapping and a comprehensive interpretation of the Chontalpan Vein by IMPACT'S exploration team indicates that this northeasterly dipping structure is both one of the dominant, and longest in the district, with a defined strike length of 3.5 km and a projected strike length of 12 km. Within the Chontalpan Project Area, the Chontalpan Vein and associated structures have been traced through soil geochemistry and geological mapping for 1.6 km. Initially this drill program will focus on two southernmost target areas.
The first Chontalpan target to be drill tested will be the northwestern extension of the veins from the old Chontalpan Mine workings. In the past, a very old claim boundary separating different claim owners prevented the exploitation of both the Chontalpan Vein (the main producer for the Chontalpan Mine), and the Poblana Vein (a parallel structure 75 meters to the southwest). The proposed drilling will test both of these veins immediately to the northwest of this claim boundary. Sampling of the Chontalpan Vein by IMPACT in the old underground workings returned values of 1,305g/t and 675g/t Silver in grab samples from old mine pillars.
The second target is the Loma Larga area located 750 meters to the northwest of the Chontalpan Mine. Loma Larga is marked by a prominent 400 meter long soil geochemical anomaly for gold-silver-lead-zinc and five old mine workings with rock sample values up to 324g/t silver over a sample width of 2.0 meters.
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 at the Royal Mines of Zacualpan, the adjacent 200 km2 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 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 firstname.lastname@example.org
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