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IMPACT Silver Intersects 6.9 Meters with 10.22% Zinc, 5.43% Lead and 27.7 g/t Silver in First Drill Results at the Plomosas Mine17.01.2024 | 12:30 Uhr | Newsfile
Vancouver, January 17, 2024 - Impact Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") is pleased to announce initial results of an ongoing exploration program being undertaken at the recently acquired Plomosas zinc (-lead-silver) mine in northern Mexico. Highlights include drill hole TAS-23-18 which cut three mineralized intervals: 2.7 meters with 11.07% zinc and 9.24% lead, 6.9 meters with 10.22% zinc and 5.43% lead, and 3.6 meters with 10.91% zinc and 2.07% lead. The Company has undertaken a surface drill program to test mineralization near the "Très Amigos" section of the mine and has conducted a sampling program in stopes of the Plomosas mine that were partially exploited by the previous operator. HIGHLIGHTS
Table 1.
Highlights of drill hole assays from the Plomosas mine, Tres Amigo program Table 2. Drill hole data for holes in this release.
Coordinates in UTM WGS84. CEO STATEMENT Chairman and CEO Fred Davidson commented, "We are pleased that our initial drilling and underground sampling program has returned high grades over mining widths in line with expectations at Plomosas. Our field crews have also begun exploration activity beyond the immediate mine area and have already identified some high priority drill targets. On the production side, the restart of mining and processing operations has gone well after an extended period of rehabilitation and upgrading of facilities and equipment, and we look forward to a full year of revenue generating production from Plomosas in 2024." TRES AMIGOS DRILL RESULTS The Plomosas mine, a historic high grade zinc producer in northern Mexico (Fig. 1), was recently acquired by the Company which has undertaken a surface drill program in the Très Amigos area of the mine and has conducted an underground sampling program in stopes of the Plomosas mine which were partially exploited by the previous operator. Mineralization at the Plomosas mine occurs as zinc-rich Carbonate Replacement Deposits along certain horizons of the local sedimentary rock sequence. Two main mineralized horizons have provided the bulk of historic production, the Mina Vieja marble and the Juarez limestone, where structural ground preparation along these two units resulted in concentrations of zinc, lead and silver (Figure 2). The Company initiated an exploration drill program of the Juarez limestone in the Tres Amigos area to test mineralization near workings with known mineralization from historic work (Figure 3). Mineralization in the Juarez limestone generally forms pods of high-grade zinc and lead at and near the contact with an overlying shale, and drill results such as reported here indicate potential for a large body of mineralization in this area (Figure 4), providing impetus for further exploration. The Company also conducted an underground sampling program in mine workings between levels 8 and 9 that the former operator partially exploited along the Mina Vieja horizon (Fig. 5). These high-grade results are being evaluated in relation to the mill upgrades the Company has recently completed. ABOUT IMPACT SILVER Impact Silver Corp. (TSXV: IPT) is a successful producer-explorer with two mining projects in Mexico.
Quality Control/Quality Assurance Qualified Person and NI 43-101 Disclosure Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com. Follow us on Twitter @IMPACT_Silver and LinkedIn at https://www.linkedin.com/company/impactsilver. On behalf of Impact Silver Corp. "Frederick W. Davidson" President & CEO For more information, please contact: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking and Cautionary Statements This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-Looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements regarding activity at the Plomosas mine,and estimated timing thereof, the potential for defining and extending the known mineralization, and plans for drilling and future operations at the Company's projects. Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitation, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, pandemics and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement or beliefs, opinions, projections or other factors, except as required by law. The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101, the Company is required to disclose that it has not based its production decisions on NI 43-101 mineral resources or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure. 303-543 Granville Street Telephone 604 664-7707 Vancouver, BC, Canada V6C 1X8
To view an enhanced version of this graphic, please visit: Figure 2: Schematic cross section of Plomosas Mine mineralization. To view an enhanced version of this graphic, please visit:
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