IMPACT Silver Corp. announced results from the second phase drill program on the Mirasol Prospect, located 5.5 kilometers southeast of IMPACT'S 500-tonne-per-day (tpd) Guadalupe processing plant at the Royal Mines of Zacualpan Silver-Gold District in central Mexico. Higher grade silver values are now being encountered, as well as the discovery of several new veins.

A highlight from this program includes drill hole Z12-79, which encountered seven distinct veins, all of which are now contributing potentially economic silver intersections. For the first time since the company began its exploration drilling in 2006, the top of a new silver bearing vein has been discovered in the district with the expectation that the entire mineralized system is preserved at depth. IMPACT announced intersections of 8.94 meters of 183 g/t silver and 12.25 meters of 112 g/t silver from the first phase drill program at Mirasol.

This second phase drill program has continued to expand mineralization of the Mirasol Central Zone along strike and at depth. Drill holes were drilled on an approximate 50 meter x 50 meter grid. To date, the company has reported 15 holes from the Mirasol Central Zone, all with significant intersections; most with multiple vein intersections.

The zone remains open in all directions for expansion. Drilling is ongoing at Mirasol, with the principal focus being the Central Zone, where the mineralization remains open to expansion at depth and along strike in both directions. Ten additional drill pads have been constructed and more are planned.

As for the Mirasol Northwest drilling area where hole Z12-76 encountered silver grades at depth, 335.2 g/t over 1.58 meters, additional drill pads have been constructed as this mineralization is also open to expansion at depth and along strike in both directions.