The mineralization at Condesa consists of two main northeasterly dipping structures (Maria de Jesus and Resguardo), plus a number of smaller northwesterly dipping transverse veins. To date, the veins have been mapped and sampled on surface, and in underground workings for a strike length of 2,300 meters of which only 500 meters have been drilled to date. Further drilling is planned in 2013 as the mineralization within the drilled portion of the Condesa Silver Area remains open for extension at depth and to the southeast.
Mirasol Silver Zone
In late 2012 IMPACT announced results from the first drill holes in the newly discovered Mirasol Silver Prospect, located 5.5 kilometers southeast of IMPACT'S Guadalupe Processing Plant.
Summarized below are the significant intersections from this first phase of drilling at Mirasol:
Mirasol Central Silver Zone - First Phase Drill Results (2012) Inter- True val WidthDrill Drill Vein From To met- met- Silver Gold Lead ZincHole Section Name meters meters ers ers g/t g/t % %---------------------------------------------------------------------------Z12-69 L03+50 S Mira- 98.60 110.90 12.26 12.25 112.0 0.130 0.18 0.43 solincluding L03+50 S Mira- 101.20 103.10 1.95 1.95 352.0 0.410 0.74 1.84 sol Arriba Iincluding L03+50 S Mira- 107.70 110.90 3.18 3.18 143.0 0.100 0.07 0.19 sol Abajo---------------------------------------------------------------------------Z12-70 L03+50 S Mira- 120.10 128.20 8.13 7.48 78.0 0.060 0.09 0.37 solincluding L03+50 S Mira- 125.30 128.20 2.88 2.65 146.0 0.140 0.16 0.75 sol Abajo---------------------------------------------------------------------------Z12-71 L03+00 S Mira- 73.90 82.90 8.98 8.94 183.0 0.030 0.07 0.14 solincluding L03+00 S Mira- 75.20 82.40 7.15 7.15 216.0 0.040 0.08 0.16 sol Arriba Iincluding L03+00 S Mira- 75.20 77.50 2.30 2.30 376.0 0.040 0.10 0.12 sol Arriba Iincluding L03+00 S Mira- 81.0 82.40 1.35 1.35 447.0 0.130 0.16 0.35 sol Abajo---------------------------------------------------------------------------Z12-72 L03+00 S Mira- 87.60 88.50 0.90 0.83 113.0 0.020 0.01 0.43 sol Arriba Iand L03+00 S Mira- 92.00 93.10 1.10 1.02 123.0 0.020 0.05 0.01 sol Arriba IIand L03+00 S Mira- 101.20 103.10 1.90 1.76 94.5 0.030 0.04 0.13 sol Abajoincluding L03+00 S Mira- 102.50 103.10 0.55 0.51 287.0 0.030 0.04 0.03 sol Abajo---------------------------------------------------------------------------Z12-76 L00+50 N La 228.20 229.90 1.72 1.58 335.2 0.048 0.20 0.22 Col- mena I---------------------------------------------------------------------------Z12-77 L03+50 S El 231.75 233.35 1.60 1.38 210.3 0.010 0.10 0.63 Desch- uesado Aand L03+50 S El 247.05 251.80 4.75 3.89 118.2 0.022 0.13 0.31 Desch- uesado Bincluding L03+50 S El 247.05 247.45 0.40 0.32 1,065.0 0.160 0.98 2.03 Desch- uesado B---------------------------------------------------------------------------Mirasol Northwest Silver Zone - First Phase Drill Results (2012) Inter- TrueDrill Drill Vein From To val Width Silver Gold Lead ZincHole Section Name meters meters meters meters g/t g/t % %---------------------------------------------------------------------------Z12-76 L00+50 N La 228.20 229.90 1.72 1.58 335.2 0.048 0.20 0.22 Colmena I---------------------------------------------------------------------------
