MPACT Silver Corp. (“IMPACT” or the “Company”) is pleased to provide an exploration update on a new and developing gold target within the Royal Mines of Zacualpan Silver District in central Mexico. Although work will be continuing on the silver-gold veins that have provided five centuries of historical production at the Zacualpan District, the work at Santa Teresa represents a new initiative for IMPACT’s exploration team to explore different sorts of mine making targets.
As a result of technical interpretation and additional field work, a new, possible bulk tonnage, gold target named Santa Teresa is being advanced by the IMPACT exploration team. Channel, chip and grab samples of bedrock have returned grades ranging up to 114.5 g/t gold, with 17 samples having more than 10 g/t gold and 197 greater than 1 g/t gold. Additional rock sampling and geological mapping has been initiated to designate drill targets.
Santa Teresa is located in the Valle de Oro sub-district of dominantly gold veins located four kilometers southwest of IMPACT’s producing Guadalupe mill and immediately to the south of IMPACT’s past producing Nochebuena (silver) and Carlos Pacheco (gold) mines. To the northeast is the large Coronas mine, one of the oldest and better known past producers of the Zacualpan district.