IMPACT Silver Corp. ("IMPACT") is pleased to announce that it has purchased 100% interests in a further seven silver concessions in the historic Zacatecas Mining District in Mexico. Highlights of these acquisitions are as follows:
- The Leo and Milagro Concessions cover a splay off the major Canterra Vein in the southern part of the Zacatecas Silver District.
- The Cancer Concession is located in the eastern part of the District and covers a 500m length of the historic Providencia Vein marked by numerous old mine workings.
- The Martin and Santo Cristo Concessions are located near IMPACT's Cristian Concession where earlier sampling of old mine dumps returned 310g/t silver, 24.2% lead and 8.0% zinc from a high grade stockpile and 93g/t silver, 0.43% lead and 1.4% zinc from a low grade waste dump.
- Other concessions purchased cover portions of mineralized veins in various parts of the district.
All of these acquired concessions in the general Zacatecas district represent potential future feed for the 200 tonne per day Zacatecas processing plant under option to IMPACT.
A geological team has commenced field work on the four Zacatecas Venture properties with Yale Resources in December 2006 and will begin work on the 100% IMPACT properties in early 2007. These programs will include mapping and detailed sampling of the historic workings and old mine dumps as well as prepare for a multi-property drill program planned for first quarter 2007.
IMPACT continues to execute its strategy to grow into a mid-tier silver producer through an aggressive development and acquisition program focused on Mexican silver assets. With these transactions IMPACT will have interest in fifteen mineral concessions in the Zacatecas Silver District.
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. Rock samples were collected from dumps beside old mine workings. 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 analysed for an additional 30 elements by ICP spectrometry.
IMPACT Silver Corp. is a Tier 1 silver focused mining and exploration company with two producing silver mines at Zacualpan, Mexico; an advanced-stage silver project at Zacatecas, Mexico and other projects in the Dominican Republic. Energold Drilling Corp. (EGD: TSX.V) owns 6.6 million shares of IMPACT.
On behalf of the Directors of IMPACT Silver Corp.
"Frederick W. Davidson"
For further information, please contact:
Darrell Rader, Corporate Development
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.