IMPACT Silver has reported high-grade silver results from the Oscar project, which is situated only 2.5 km to the eastern part of its Guadalupe processing plant, central Mexico.
The drill results are obtained from several veins in the broad vein corridor of the Oscar project, which is situated at the large Cuchara mine’s south expansions. Some veins of the Oscar region have been producing previously and are open to nearby old mine works. The company formerly drilled the Oscar vein and encountered 1.83 g/t gold, 2,820 g/t silver, 7.83% zinc and 48% lead over 0.30 m.
Primarily, the company considered the 2011 drill plan of the Oscar project to examine a high prospective region but is a lesser known mineralization, if the drilling is positive, it will offer an underground mine access path commercially to the Santa Lucia region, which is situated immediately to the southeast direction. The company has formerly encountered 466 g/t silver over 3.2 m at the Santa Lucia area. It is performing a further drill program at the Oscar Vein Corridor in order to change the orientation and silver grade continuity in these veins. It may plan for a wide and detailed mining at the Oscar-Santa Lucia region, if the further drill program is successful.
IMPACT’s Vice President and Director of Exploration, has commented that these drill results has shown the high-grade features of the mineralized silver in Zacualpan’s Royal mines.