 Impact
Minerals International Inc. is a silver focused exploration and development
company based in Vancouver, Canada. The common shares of IMPACT are
publicly traded on the TSX Venture Exchange. IMPACT is 40% owned by
Energold Mining Ltd. (EGD:TSVX).
IMPACT is exploring the extensive Zacualpan Silver Mining District
in central Mexico. IMPACT signed agreements that include options
on two operating mines and a processing plant.
Impact
Minerals International Inc. (TSVX)
Zacualpan Mining District, Mexico State. Has option
on the Royal Mines of Zacualpan operations. IMPACT Minerals holds
option agreements covering most key parts of the Zacualpan Silver
District in central Mexico including two operating mines and a mill
rated at 500 tonnes per day. Zacualpan is one of the oldest mining
districts in North America with Spanish Colonial mining dating back
to at least 1528. In 1531 it was the first mining district in the
Americas to be bestowed the title of 'Royal Mines' of Zacualpan by
proclamation under the Spanish Crown. It is located 100km southwest
of Mexico City and 25km northwest of the famous Taxco Silver Mine.
Zacualpan is a classic Mexican epithermal silver district with an
abundance of veins that have seen historic production. Statistics
for the early centuries of production are sporadic but in modern
times recorded production between 1975-2004 was about 17 million
ounces of silver (26 million ounces silver equivalent with by-product
gold, lead and zinc credits). Veins presently being mined on the
property typically vary from 3 to 5 metres in width. Individual mineralized
shoots are 50 to 150 metres long and are typically steeply dipping.
Cut off grade is presently about 230g/t Ag equivalent but very high
grades are known in some upper level zones. An example of this is
recent development work done on the Compadres Vein that has exposed
an old mine stope on an 8m wide vein. The central part of the vein
has a median grade of 680g/t Ag and 0.3g/t Au over 0.90m ranging
up to 1,050g/t Ag and 0.58g/t Au over 1.9m. A recent single drill
hole intersection 50m below this old stope by the Mexican owners
is reported to have intersected 3.3m grading 1,463g/t Ag and 0.2g/t
Au. This Compadres Vein will be one of the early targets for drill
testing by IMPACT.
Press Release 22Oct04
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