VANCOUVER - IMPACT Silver Corp. (TSXV: IPT) has announced the discovery of high-grade zinc, lead, and silver mineralization at its Plomosas mine in northern Mexico, according to a recent press release. The company's ongoing exploration program has yielded significant assay results from the Très Amigos area within the mine.
Drill hole TAS-23-18, one of several highlighted, intersected three mineralized intervals including 2.7 meters with 11.07% zinc, 9.24% lead, and 34.7 grams per tonne (g/t) silver. Other notable results from drill hole TAS-23-9 include an intersection of 5.70 meters with 7.9% zinc, 5.3% lead, and 23.2 g/t silver. The reported intervals are believed to represent true widths of the mineralization.
The company has also conducted an underground sampling program in the stopes of the Plomosas mine, which was partially exploited by the previous operator. The sampling across a 50-meter strike in the 880 stope on Level 8 returned an average of 12.1% zinc, 5.8% lead, and 44 g/t silver over an average width of 1.8 meters.
Fred Davidson, Chairman and CEO of IMPACT Silver, expressed satisfaction with the initial drilling and sampling program, which has confirmed high grades over mining widths at Plomosas. He also noted that exploration activities have expanded beyond the immediate mine area, identifying high-priority drill targets. Davidson anticipates a full year of revenue-generating production from Plomosas in 2024.
The Plomosas mine is known for its high-grade zinc production, and the recent exploration efforts have focused on the Juarez limestone and the Mina Vieja marble, both of which have historically produced significant zinc, lead, and silver. The exploration program aims to test mineralization near known historic workings and to evaluate the potential for extending the known mineralization.
IMPACT Silver Corp. is a mining company with two projects in Mexico, including the Royal Mines of Zacualpan Silver-Gold District and the Plomosas Zinc-Lead-Silver District. The company has produced over 12 million ounces of silver over the past 17 years.
This news is based on a press release statement and the technical information has been approved by Craig Gibson, PhD, CPG, a Qualified Person as defined by NI 43-101.
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