| October 14, 2003 IMPACT Regains 100% Of El Brujo & La Bruja Gold/Copper Production | |
| IMPACT has been advised that MinMet Plc ("MinMet") has not met the threshold expenditures prior to the expiry of its option on the properties subject to it's earn-in from IMPACT. MinMet, through its wholly-owned subsidiary Exploration and Discovery Latin America (Panama) Inc. (E&D) had an option to earn a 51% interest in the El Brujo and La Bruja concessions by making exploration expenditures of US$ 1.5 million over a two year period. IMPACT now retains a 100% interest in El Brujo and La Bruja properties. A preliminary 800m drill program completed on the El Brujo concession in the eastern Dominican Republic in March of this year confirmed the presence of porphyry style copper-gold mineralization. The drilling intersected mineralization in two of the three potential porphyry centres tested. The results are being reviewed in conjunction with the extensive soil geochemistry anomaly and alteration mapped over an area of 6 km by 2 km. IMPACT believes that given the early stage of the drilling, these results are encouraging and warrant further exploration. IMPACT also intends to continue the investigation of the Los Cayas area approximately 3 kilometers northwest of the MinMet drilling where epithermal gold mineralization was identified. Trenching and sampling returned a number of high gold-silver values with a maximum of 44.4 g/t gold and 509 g/t silver. To the southeast on the La Bruja concession in previous 2,222 m 10 hole drill program, BHP identified a gold anomaly with the best intersection of 50m of 0.97 g/t gold including 12m of 1.42g/t gold in hole DDH-5. EL Brujo and La Bruja are part of a property package that IMPACT holds on the eastern end of the Los Ranchos Formation in the Dominican Republic. The Los Ranchos Formation on its western end is host to the Pueblo Viejo gold mine, which is currently undergoing a feasibility study by Placer Dome. Vancouver-based IMPACT Minerals International Inc. is engaged in the exploration and development of precious and base metals projects in the Dominican Republic. IMPACT is 47% owned by Energold Mining Ltd. (EGD:TSX.V), a profitable exploration and drill contracting company. On behalf of the Directors of IMPACT Minerals International Inc. "Frederick W. Davidson", President 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. | |
You can view the Next News Releases item: Thu Oct 23, 2003, IMPACT Announces Granting Of Stock Options You can view the Previous News Releases item: Wed May 14, 2003, IMPACT Minerals announces Stock Option Plan You can return to the main News Releases page, or press the Back button on your browser. |
