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IMPACT Silver (V.IPT) gains 6% on additional high-grade gold and silver find at San Juan

Gaalen Engen Gaalen Engen, Stockhouse.com
0 Comments| March 3, 2014


IMPACT Silver (TSX-V:IPT, StockForum), a Vancouver-based firm engaged in silver mining and related activities including exploration, development and mineral processing in Mexico and the Dominican Republic, announced results today from the next seven drill holes at the San Juan project located 150 metres north of its producing Noche Buena mine and four kilometres south of its 500-tonne-per-day Guadalupe Production Centre in central Mexico.
 
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, plus a number of other recently discovered structures which occur in close proximity to the Noche Buena Vein.”
 
Highlights of the assay results included very high-grade silver-bearing mineralization for the Noche Buena Vein of 994.2 g/t silver over 5.67 metres true width at Z13-76 with high gold grades for the Carlos Pacheco Vein of 5.0004 g/t gold over 1.81 metres true width at Z13-77 and significant intersections for the Abulon Vein of 392.0 g/t silver over 1.64 metres true width at Z13-77.
 
IMPACT Silver was in the news recently when the company was featured on episode 21 of the Next Biggest Winner last weekend.
 
Shares gained 6.33% on the news to $0.84 per share.
 
Currently there are 68.1m outstanding shares with a market cap of $57.2 million.

Tags: SILVER

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