The Prospector News

IMPACT Silver Discovers New Zone at the Guadalupe Mine, Mexico

You have opened a direct link to the current edition PDF

Open PDF Close

Share this news article

IMPACT Silver Discovers New Zone at the Guadalupe Mine, Mexico






IMPACT Silver Corp. (TSX-V:IPT) is pleased to announce the discovery of a new mineralized shoot on the Lipton vein in the Guadalupe mine. The new Lipton Norte Zone was discovered during an underground drill program which was designed to test the northern extension of the near vertical vein system. To date the new zone has been drilled over a length of 120m and vertical distance of 80m.  The well mineralized shoot remains open in all directions.  Results from the recent drilling are as follows:



LG-UG01-01 181.50 182.50 1.00 0.64 245 0.10 0.17 0.62
LG-UG01-02 199.25 210.25 11.00 10.57 201 0.13 0.20 0.55
including 205.90 210.25 4.35 4.18 381 0.09 0.42 1.17
LG-UG01-03 231.00 240.35 9.35 7.74 466 0.13 0.56 1.13
including 231.00 234.15 3.15 2.61 1,263 0.26 1.61 3.23
LG-UG01-04 224.95 235.00 10.05 8.82 306 0.11 0.25 0.51
LG-UG01-05 210.15 213.35 3.20 2.87 135 0.13 0.45 1.22
LG-UG01-06 25.30 26.95 1.65 1.53 240 0.04 0.67 2.57
LG-UG01-06 204.35 207.40 3.40 2.87 308 0.19 0.27 0.43
LG-UG01-07 224.65 227.00 2.35 2.02 206 0.50 0.16 0.33




The area was initially targeted during an exhaustive compilation of the Guadalupe mine workings into IMPACT’s comprehensive GIS database of the large 357km2 land package. The geology team discovered evidence of additional high-grade silver potential in this area and allocated drilling in 2018’s brownfield exploration plans.



The Guadalupe mine has an operating shaft and is located just beside the Guadalupe 535 tonne per day processing plant; two factors which minimize mining and trucking costs. The Company is pleased to see exploration results are significantly higher grade than recent mill head grade and plans to mine mineral from this newly discovered zone in coming quarters to increase revenue per tonne as well as carry out additional brownfields exploration elsewhere in the Guadalupe mine.



Historical production from the Guadalupe Mine was first recorded in 1529 and produced an estimated 9,000,000 ounces of silver between 1967 and 1982 from five veins on six levels to a depth of 270m below surface.  Throughout the centuries, as mining technologies allowed greater depths to be mined and better recovery techniques were developed the economic silver grades dropped.  Fluctuations in the price of silver, revolutions and economic downturns resulted in many shutdowns and re-openings but Guadalupe has always managed to recover and continue to produce silver and wealth for investors and the local communities.



Wojtek Jakubowski, P.Geo., a Qualified Person under the meaning of Canadian National Instrument 43‑101, approved the technical content of this news release.



About IMPACT Silver:


IMPACT Silver Corp. is a successful silver explorer-producer with two processing plants on adjacent districts within its 100% owned mineral concessions covering 357km2 in central Mexico with excellent infrastructure and labor force.  Over the past twelve years over 8.1 Moz of Silver has been produced, generating revenues of $168 million, with no long-term debt. In the historic Royal Mines of Zacualpan Silver District three underground silver mines feed the central 535 TPD Guadalupe processing plant. To the south, in the Mamatla District the Capire processing plant is currently rated at 200 tpd, but is expandable.  It is adjacent to an open pit silver mine with a NI-43-101 compliant resource of over 4.5 Moz Silver, 48 million lbs Zinc and 21 million lbs Lead that is awaiting higher silver prices to be restarted.


Posted September 6, 2018

Share this news article


Titan Mining Closes C$6.3 Million Private Placement

Titan Mining Corporation (TSX:TI) announces the closing of its pr... READ MORE

October 11, 2019

Azimut Closes $1,430,000 Private Placement

Azimut Exploration Inc. (TSX-V: AZM) is pleased to report that it... READ MORE

October 11, 2019

Canada Cobalt Signs Binding LOI to Acquire Strategic Assets

Canada Cobalt Works Inc. (TSX-V: CCW) (OTC: CCWOF) (Frankfurt: 4T... READ MORE

October 11, 2019

Rubicon Minerals Completes C$12 Million Private Placement Financing

Rubicon Minerals Corporation(TSX: RMX) (OTCQX: RBYCF) is pl... READ MORE

October 10, 2019

Corvus Gold Inc. Closes C$23 Million Bought Deal Financing

Corvus Gold Inc. (TSX: KOR) (OTCQX: CORVF) is pleased to announce... READ MORE

October 10, 2019

Copyright 2019 The Prospector News - Site design by Spyderbaby Productions