|September 08, 2004|
Update on Zacualpan Silver Project and Staking of Additional Ground
|IMPACT Minerals International Inc. ("IMPACT") is pleased to announce the staking of a large 150 km2 exploration concession over the entire Zacualpan Silver District in central Mexico (see attached claim map). |
This new concession gives IMPACT rights to all previously unclaimed ground in the district. Under its earlier option agreements, IMPACT acquired 17.9 km2 covering key parts of the district. This new concession has significantly added to and solidified IMPACT's land holdings. IMPACT now owns or has options to acquire outright or lease mineral concessions covering the important silver prospects in the district as well as two operating silver mines and a 500 tonne per day processing plant.
Phase One of the exploration program is continuing and to date has located and catalogued over 50 silver prospects and historic mine workings. These are in addition to the two mines presently operating on the property. The field program is now gearing up with the addition of more technical and field personnel who will carry out a program of intensive surface and underground sampling of high priority prospects and historic workings. The results of this work will outline priority targets to be tested by a Phase Two drill program scheduled to begin in January. Mapping and sampling will continue during Phase Two in preparation for further drilling later in 2005. IMPACT's plans are to carry out extensive exploration and engineering studies with the goal of purchasing, upgrading and modernizing the Zacualpan operations.
The Zacualpan Silver District is one of oldest mining districts in North America with Spanish colonial mining dating back to 1528. It is located in the Taxco Silver Region 100km southwest of Mexico City and 25km northwest of the well-known Taxco Silver Mine. It is a classic Mexican epithermal silver district with an abundance of veins that have seen historic production. Veins presently being mined on the property typically vary from 3 to 5 metres in width. Individual mineralized shoots are reported by mine staff to be 50 to 150 metres long and are steeply dipping. Cut off grade is presently about 230g/t Ag equivalent but very high grades are known in some upper level zones. An example of this is the recent development work done on the Compadres Vein that has exposed an old mine stope with a median grade of 680g/t Ag and 0.3g/t Au over 0.90m ranging up to 1,128g/t Ag and 0.2g/t Au over 1.9m.
A recent single drill hole intersection 50m below this old stope by the Mexican owners is reported to have intersected 3.3m grading 1,463g/t Ag and 0.2g/t Au. This Compadres Vein will be one of the early targets for drill testing by IMPACT.
Results from IMPACT's exploration work and further details on mineralization, exploration potential and mining/processing operations will be reported as work proceeds.
George Gorzynski, P.Eng., a Qualified Person under the meaning of Canadian National Instrument 43-101 and Vice President, Exploration of IMPACT prepared the technical information in this news release.
Vancouver-based IMPACT Minerals International Inc. is a silver and gold focused exploration and Development Company with projects in Mexico and the Dominican Republic. IMPACT is 39% owned by Energold Mining Ltd. (EGD:TSX.V)
On behalf of the Directors of IMPACT Minerals International Inc.
"Frederick W. Davidson"
For further information please contact:
Fred Davidson - President or
Darrell Rader - Corporate Development
The TSX Venture Exchange has neither approved nor disapproved this news release.
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