IMPACT Silver (TSX-V:IPT, StockForum), a Vancouver-based mining firm engaged in silver mining and related activities including exploration, development and mineral processing in Mexico and the Dominican Republic, announced today that the company had received results from the next seven holes at its San Juan project located adjacent to the producing Noche Buena Mine.
According to the news release, “This area of current drilling is testing the sub-parallel Noche Buena and Carlos Pacheco structures which outcrop 170 meters apart and dip to the west. IMPACT is currently mining silver mineralization at its Noche Buena Mine, which is trucked east to the Guadalupe Production Centre, and has begun mining and stockpiling gold and copper mineralization from the nearby Carlos Pacheco Vein in preparation for processing in the Capire Production Centre to the south.”
It then noted, “The drill intersections in this News Release will be added to expand the mining plans for both gold and silver zones. A number of other recently discovered structures, such as the Tiburón and Angel Veins, also occur in close proximity to the Noche Buena Vein.”
Highlights from previous assay results include intersections of 17.1 g/t gold over 1.89 metres from the Carlos Pacheco Vein and 1,409.8 g/t silver over 2.07 metres from the Noche Buena Vein, with a further 3.44 g/t golf over 7.17 metres from the Carlos Pacheco Vein and 1,587.8 g/t silver over 1.72 metres at Noche Buena Vein.
New results include high gold grades of 10.343 g/t gold and 276.9 g/t silver over 3.19 metres at Carlos Pacheco Vein which includes a higher grade interval of 19.757 g/t gold and 502.6 g/t silver over 1.50 metres found in hole Z13-71 and 2.963 g/t gold over 3.38 metres in hole Z13-74.
There were also wide intersections of silver mineralization in the Noche Buena Vein, most notably 14.40 metres grading 104.0 g/t silver in hole Z13-73 including a higher grade interval of 314.5 g/t silver over 1.47 metres.
Also the company identified two silver sub-districts, La Soledad and Pregones, in the southeastern portion of its large concession holdings in Zacualpan.
IMPACT Silver was in the news recently when the company announced operational changes at its Capire Production Centre.
Shares climbed 10.26% on the news to $0.86 per share.
Currently there are 68.1m outstanding shares with a market cap of $58.6 million.