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COMPADRES DRILL TARGETS
The high-grade Compadres Mine is located in the southeastern sector of the large 125km2 property. Mining has recently begun on two levels 20m apart and is being developed on a third by the current owner. Sampling by IMPACT of the mine development to date in Silver Shoot #1 returned values averaging 680g/t silver, 0.3g/t gold, 1.47% zinc and 0.80% lead over 0.9m on Level 1 and a sample from Level 2 returned 5,730g/t silver, 0.63g/t gold, 7.71% zinc and 5.58% lead over 1.3m. Assays from Level 3 are pending. The first series of drill holes will test the down dip extensions of Silver Shoot #1 to depths of between 35-75m below and 30m northwest of the present mining to confirm continuity in size and mineralization at depth and along strike. Another drill target located 200m to the southeast of Silver Shoot #1 will be tested for repetitions of this shoot at a geologically similar structural setting in the Compadres Vein.
CHAPARITA DRILL TARGET
The Chaparita drill target is located 90m east of the ongoing mine development at Compadres allowing for easy mine access to any new discoveries. Sampling of a small old inclined shaft as reported by IMPACT in 2004 returned 447 g/t silver and 0.31 g/t gold across 2.2m. Phase 1 drill holes will test the Chaparita Vein near surface and at greater depth will test the geologically favourable projected intersection of the Chaparita and Compadres Vein systems.
SANTIAGO DRILL TARGET
The Santiago drill target is located in the southeastern sector of the property about 1 km north of the Compadres Mine. As reported in 2004 IMPACT crews collected seven chip samples along a 40m long portion of the vein in old underground workings that averaged 235g/t silver and 0.31g/t gold across 0.9m (TW) ranging up to a high of 1,320g/t silver and 0.99g/t gold across 0.3m (TW). A grab sample from a local small mine dump returned 345g/t silver, 0.27g/t gold, 3.18% zinc and 0.67% lead. Phase 1 drilling will test the extensions of this mineralization.
PROVIDENCIA DRILL TARGET
The Providencia drill target is located in the west-central sector of the property near the base of Tunnel Hill named for its numerous old mine workings. The historic Providencia mine stope was found by IMPACT geologists late in 2004 in the course of underground mapping and sampling. The stope occurs at the geologically favourable intersection of three veins. Sampling of the vein inside the large 50x2x20m+ high stope was not possible due to falling debris from old mine backfill waste rock above. However the average of five samples collected from other parts of the vein and its splays away from the stope averaged 281g/t silver and 0.9g/t gold across 0.85m (true width) and ranging up to 760g/t silver and 1.7g/t gold across 0.9m (true width). A sample of the old mine backfill waste material assayed 206g/t silver and 9.67g/t gold. Drilling at Providencia will target the extension of the mine stope below the water table, which does not appear to have been disturbed by historic mining.
ENGINEERING STUDIES AND FIELD WORK
IMPACT has contracted consulting engineers to evaluate the mining and metallurgical operations at Zacualpan. These engineering studies have begun with initial visits to the operating sites for preliminary assessments. Mapping, rock sampling and soil sampling are also continuing on both advanced and early stage silver exploration targets concurrent with the drilling and engineering studies. Significant results from the engineering studies, fieldwork and drilling will be reported as they are received and compiled.
PRODUCTION AND DEVELOPMENT
Under terms of IMPACT's option agreements, the Mexican companies may continue mining and processing material from the properties until IMPACT exercises its purchase options for the operations, contracts and properties. Mining is presently continuing at the Cuchara Mine, has begun at the high-grade Compadres Mine and has resumed on a modest tonnage in the lower levels of the Guadalupe Mine. Material is trucked from the mines to the central processing plant. Mining and processing is often interrupted at Zacualpan due to lack of capital to maintain continuous operations. IMPACT geologists periodically visit and sample the active areas in the mines to keep directly informed of developments. Significant results from IMPACT's work at the mines are reported as they are received and compiled.
FUTURE PLANS
IMPACT is currently carrying out an extensive due diligence program of legal and corporate investigations, engineering studies and exploration work which will form the basis for making a purchase decision for the Royal Mines of Zacualpan claims, operating mines and 500 tonne per day processing plant lease. This work will likely continue through 2005. If IMPACT decides to purchase the Zacualpan assets it would immediately become a significant producer of silver as well as byproduct zinc, lead and gold.
George Gorzynski, P.Eng., a Qualified Person under the meaning of Canadian National Instrument 43-101, is responsible for the technical content of this news release. Chip and channel samples were collected from cleaned rock faces in old mine workings and from bedrock outcrops over a continuous representative interval using a moil and hammer. A total of 5% assay standards and blanks were inserted into every sample shipment as a quality control measure. All samples were shipped to the ALS Chemex preparation laboratory in Guadalajara (Mexico) where they were fine crushed (70% passing a 2mm screen), pulverized (85% passing a 75 micron screen) and pulp split separated for assay by a riffle splitter. These pulps were shipped to the ALS Chemex laboratory in North Vancouver Canada where a 30 gram split of each was assayed for gold and silver by standard fire assay and a 10 gram split was analyzed for an additional 30 elements by ICP spectrometry.
IMPACT Minerals International Inc. is a silver focused exploration and development company with projects in Mexico and the Dominican Republic. IMPACT is 33% owned by Energold Mining Ltd. (EGD:TSX.V)
On behalf of the Directors of IMPACT Minerals International Inc.
"Frederick W. Davidson"
President
For further information please contact:
Greg Werbowski, Investor Relations
Telephone: 604-516-9204
The TSX Venture Exchange has neither approved nor disapproved this news release.
