IMPACT Silver Corp.
TSX VENTURE : IPT

IMPACT Silver Corp.

August 06, 2008 15:03 ET

IMPACT Drills 1,118 g/t Silver Across 1.4 Meters at the Chivo Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 6, 2008) - IMPACT Silver Corp. ("IMPACT" or "the Company") (TSX VENTURE:IPT) is pleased to announce that drilling on northern extensions of the Chivo Zone has intersected high grade silver at the Royal Mines of Zacualpan Silver Project in Mexico. Highlights from the new holes drilled on the northern extension of the Chivo Zone are as follows:



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CHIVO DRILL HOLES (MAIN VEIN - NORTH EXTENSION)
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DRILL TOP OF ESTIMATED SILVER GOLD ZINC LEAD
HOLE No. INTERCEPT (m) TRUE WIDTH (m) (g/t) (g/t) (%) (%)
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SECTION 1140N
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Z08-02 117.7 1.6 166 0.06 0.49 0.20
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Z08-04 170.4 0.9 268 0.20 22.03 7.20
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SECTION 1190N
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Z08-07 194.2 1.4 1,118 0.59 5.45 1.50
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Including: 0.7 1,745 0.91 1.57 0.36
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These drill holes were undertaken to define the northern limits of the high grade Chivo mineralization as well as down dip extensions. The holes successfully tested the Chivo Zone a further 50 meters and 100 meters north of previously reported drilling. The mineralization begins at depth in this part of the Chivo Zone and three holes drilled at shallower levels did not intersect economic mineralization. Like the sections reported earlier, the deepest holes on these sections reported the widest and highest grade intersections, leaving the zone open for expansion to depth and to the north. The Chivo Mine achieved commercial production in early 2008 based on successful exploration over the past two years.

George Gorzynski, P. Eng., and Nigel Hulme, P. Geo., Qualified Persons under the meaning of Canadian National Instrument 43-101, are responsible for the technical content of this news release. Drill core was NTW size (5.71 cm diameter). Half core samples were collected with a rock saw and tagged for identification. All samples were securely stored at the Company's base camp until shipment. A total of 5% assay standards and 5% blanks were inserted into every sample shipment as a quality control measure. All samples were shipped to the ALS Chemex preparation laboratory in Guadalajara, Mexico, where they were fine crushed (70% passing a 2 mm screen), pulverized (85% passing a 75 micron screen) and pulp split separated for assay by a riffle splitter. These pulps were shipped to the ALS Chemex laboratory in North Vancouver, Canada, where a 30 gram split of each was assayed for gold and silver by standard fire assay and a 10 gram split was analyzed for an additional 30 elements by ICP spectrometry.

IMPACT Silver Corp. is a profitable silver focused mining and exploration company operating in Mexico with a producing silver operation at the Royal Mines of Zacualpan, the 200-square-kilometer advanced Mamatla Silver District and a portfolio of projects with an option on a producing mill at Zacatecas.

On behalf of the Directors of IMPACT Silver Corp.

Frederick W. Davidson, President, CEO

The TSX Venture Exchange has neither approved nor disapproved this news release.

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