The Prospector News

IMPACT Silver Drills 691 g/t Silver over 1.29 Meters at Guadalupe Mine

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

IMPACT Silver Drills 691 g/t Silver over 1.29 Meters at Guadalupe Mine

 

 

 

 

 

IMPACT Silver Corp. (TSX-V: IPT) (OTC Pink: ISVLF) is pleased to announce high grade silver results from an underground development drilling program in the Lipton area of its Guadalupe Mine in the Royal Mines of Zacualpan District, Mexico.

 

Guadalupe Mine Underground Drilling – Lipton Vein Area

 

Holes MPZ-UG-001-21 to MPZ-UG-020-21 tested the northwest trending Lipton, Liptonia and San Lorenzo veins from three underground drill stations on Level 110 of the Guadalupe Mine’s extensive workings. The drill holes covered the vein systems over a strike length of 430m and a vertical distance of 200m.

 

Table 1: Highlights of recent drilling in Lipton area of the Guadalupe Mine

 

Hole ID From (m) To (m) Interval (m) True Width(m) Ag g/t Pb % Zn % Vein
MPZ-UG-001-21 329.20 331.70 2.50 2.50 327 0.3 0.6 Liptonia
MPZ-UG-002-21 113.75 115.80 2.05 1.29 691 0.3 0.7 San Lorenzo
MPZ-UG-002-21 314.15 317.00 2.85 2.18 257 0.2 0.5 Lipton
MPZ-UG-002-21 336.20 339.20 3.00 3.00 226 0.2 0.3 Liptonia
MPZ-UG-006-21 58.30 60.90 2.60 1.90 443 0.2 0.3 Liptonia
MPZ-UG-014-21 144.30 146.50 2.20 1.69 472 0.2 0.5 Lipton
MPZ-UG-014-21 151.73 155.40 3.67 2.81 238 0.6 1.2 Liptonia
MPZ-UG-014-21 165.18 168.15 2.97 2.57 187 0.1 0.3 Liptonia
MPZ-UG-018-21 118.70 120.80 2.10 1.20 423 0.1 0.2 Lipton

 

 

The Lipton and Liptonia Veins have been significant production veins in the Guadalupe Mine since at least the 1970’s, long before IMPACT acquired the project in 2006. Before then historical records describe mining at Guadalupe going back almost 500 years to 1529. Lipton / Liptonia has been mined and traced over a strike length of 1.5 kilometres, to a depth of over 200m, and remain open for extension. IMPACT continues mining at Guadalupe which currently provides almost 50% of mill feed to the 550 tpd Guadalupe processing plant located just 40m from the mine entrance.

 

Fred Davidson, CEO and President of IMPACT comments, “The high grade results at our current producing Guadalupe mine is a testament of our geological team’s understanding of mineralization and potential of the area.

 

With 20,000 meters of drilling underway in 2021 and newly added underground diamond drill to our internal fleet, our team is aggressively expanding our understanding of the veins mineralization and beyond to add both ounces and blue sky potential to the IMPACT story.”

 

The recently purchased underground diamond drill (see IMPACT news release dated February 1, 2021) has allowed faster drill production with improved core recovery and greater depth capacity giving IMPACT a much improved ability to test the potential of Guadalupe’s multiple vein systems as well as mineralization at its other mines. Recent improvements to the Guadalupe Mine’s infrastructure including the upgrading of the main shaft hoist has given better access to the mine’s six levels and the refurbishing of the 900m underground railroad system on Level 195 provides cost efficient access to the far western reaches of the extensive workings.

 

Qualified Person and NI 43-101 Disclosure

 

Wojtek Jakubowski, P.Geo. is a “qualified person” within the meaning of NI 43-101 and has approved the technical information contained in this news release.

 

About IMPACT Silver

 

IMPACT Silver Corp. is a successful silver-gold explorer-producer with two processing plants on adjacent districts within its 100% owned mineral concessions covering 211km2 in central Mexico with excellent infrastructure and labor force. Over the past 15 years, IMPACT has produced over 10 million ounces of silver, generating revenues of over $200 million, with no long-term debt. At the Royal Mines of Zacualpan Silver District, three underground silver mines and one open pit mine feed the central Guadalupe processing plant. To the south, in the Mamatla District, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with a mineral resource of over 4.5 million oz silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016 for details). Company engineers are reviewing Capire for potential restart of operations in light of current elevated silver prices. With 15 years of exploration successes leading to production cash flows, IMPACT has shown the Zacualpan Silver-Gold District to be endowed with many high grade silver-gold zones and has placed multiple zones into commercial production.

 

Posted October 5, 2021

Share this news article

MORE or "UNCATEGORIZED"


Provenance Gold Announces and Closes Substantially Oversubscribed $1.5 Million Private Placement

Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) is pleased to ann... READ MORE

October 22, 2021

Omai Drilling Continues to Outline Gold Mineralization in Multiple Shears Extending Below the Wenot Pit, including 16.8 g/t over 6 metres and 4.6 g/t over 20 metres

Omai Gold Mines Corp. (TSX-V: OMG) is pleased to report additiona... READ MORE

October 22, 2021

Emerita Intersects 8.2 Meters Grading 2.5% Copper, 17.3% Zinc, 8.7% Lead, 223.5g/t Silver, 0.5g/t Gold in Initial Step-Out Drill Hole at La Infanta Drill Program

Emerita Resources Corp. (TSX – V: EMO) (OTC: EMOTF) announces ... READ MORE

October 22, 2021

Aurania Resources Announces Closing of $2.26 Million Concurrent Private Placement

Aurania Resources Ltd. (TSX-V: ARU) (FSE: 20Q) announces that it ... READ MORE

October 22, 2021

Bonterra Announces Closing of $11.66 Million Private Placement

Bonterra Resources Inc. (TSX-V: BTR) (OTCQX: BONXF) (FSE: 9BR2) i... READ MORE

October 22, 2021

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2021 The Prospector News