IMPACT Silver Drills 312 Grams Per Tonne Silver Across 2.87

IMPACT Silver Drills 312 Grams Per Tonne Silver Across 2.87 Meters at
La Condesa, in Zacualpan, Mexico 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/19/12 -- IMPACT
Silver Corp. ("IMPACT") (TSX VENTURE:IPT) is pleased to announce
first phase drill results from multiple veins at the La Condesa
Prospect in the Royal Mines of Zacualpan District in Mexico. La
Condesa area can be accessed from the underground workings of the
historic Cuchara Mine, which are currently being refurbished to mine
IMPACT's nearby high grade Oscar silver zone (see IMPACT news
releases dated August 22, 2012 and April 23, 2012).  
It was the intention of this La Condesa drill program to outline
sufficient mineralization that would augment the planned production
from the Oscar Veins. Access to La Condesa Veins would be through a
different part of the historic Cuchara Mine underground workings than
the access to Oscar, thereby creating separate mining areas and
multiple mining faces. An exploration crosscut from the Cuchara
underground workings dating from the 1980s, now provides initial
underground access to La Condesa. Mine engineering studies are now
required to confirm the resource.  
Summarized below are the more significant intersections from La
Condesa first phase drill program: 


 
                   La Condesa - First Phase Drill Results                   
                                                                            
                                                True                       
                                       Inter- Thick-                       
Hole   Drill               From     To    val   ness  Silver  Gold Lead Zinc
Number Section Vein Name meters meters meters meters     g/t   g/t    %    %
----------------------------------------------------------------------------
Z12-28 21+50 N Resguardo  14.75  16.80   2.05   1.94   157.2 0.019 0.02 0.13
----------------------------------------------------------------------------
Z12-29 21+50 N Maria de   85.80  87.30   1.50   1.43    98.5 0.014 0.04 0.09
               Jesus                                                        
----------------------------------------------------------------------------
Z12-30 21+50 N Resguardo  53.50  56.00   2.50   2.37   201.6 0.026 0.07 0.80
---------------
-------------------------------------------------------------
Z12-32 23+50 N Maria de  124.83 126.88   2.05   1.52   204.0 0.108 0.33 2.32
               Jesus                                                       
and    23+00 N Trans-     61.85  63.30   1.45   0.89 1,773.1 0.068 0.20 1.48
               verse Vein                                                  
----------------------------------------------------------------------------
Z12-36 23+00 N Maria de  156.80 158.15   1.35   0.90   294.4 0.054 0.13 0.62
               Jesus                                                       
----------------------------------------------------------------------------
Z12-38 24+00 N Yerb-     106.60 109.35   2.75   1.94   152.0  0.38 2.90 0.09
               abuena                                                      
----------------------------------------------------------------------------
Z12-39 23+00 N Resguardo 167.30 171.00   3.70   2.87   312.0 0.029 0.27 0.90
and    23+00 N Trans-    180.00 181.00   1.00   0.80   100.0 0.010 0.16 0.11
               verse 1                                                     
and    23+00 N Maria de  185.00 187.00   2.00   1.78    94.2 0.010 0.13 0.11
               Jesus                                                       
----------------------------------------------------------------------------
Z12-40 22+00 N Maria de  164.00 168.00   4.00   3.96   127.0 0.005 0.05 0.16
               Jesus                                                       
----------------------------------------------------------------------------
Z12-42 21+50 N Maria de  136.00 139.78   3.78   3.59   214.0 0.269 0.15 0.37
               Jesus                                                       
----------------------------------------------------------------------------
Z12-43 21+00 N Maria de  123.85 129.50   5.65   5.64   129.8 0.021 0.09 0.08
               Jesus A                                                     
----------------------------------------------------------------------------
Z12-44 24+00 N Yerba-    136.43 140.40   3.97   3.47   116.0 0.001 0.10 0.29
               buena 3                                                     
----------------------------------------------------------------------------
Z12-45 24+00 N Yerba-    177.90 179.00   1.10   0.98 1,655.0 0.010 0.25 0.08
               buena 3                                                     
----------------------------------------------------------------------------
Z12-46 24+50 N Maria de  151.40 154.25   2.85   2.67   255.0 0.111 0.22 0.46
               Jesus                                                       
----------------------------------------------------------------------------
Z12-47 23+50 N Resguardo  22.10  23.00   0.90   0.88   141.0 0.010 0.02 0.06
and    23+50 N Trans-    109.00 110.50   1.05   0.90   720.0 0.030 0.25 0.52
               verse 1                                                     
----------------------------------------------------------------------------
Z12-49 24+50 N Maria de  185.00 186.45   1.45   1.36   200.2 0.038 0.19 0.79
               Jesus A                                                     
and    24+50 N Maria de  194.95 196.47   1.52   1.42   149.6 0.864 0.82 2.13
               Jesus B                                                     
----------------------------------------------------------------------------
Z12-54 24+50 N Maria de  242.70 243.30   0.60   0.56   320.0 0.260 0.18 0.95
               Jesus B                                                     
----------------------------------------------------------------------------
Z12-55 21+00 N Resguardo  57.80  59.60   1.80   1.76   245.3 0.030 0.12 0.36
----------------------------------------------------------------------------
Z12-58 25+00 N Maria de  199.10 201.00   1.90   1.78   186.4 0.108 0.41 1.15
               Jesus                                                       
----------------------------------------------------------------------------
Z12-61 20+50 N Maria de   50.00  51.20   1.20   1.12   137.8 0.051 0.08 0.17
               Jesus                                                       
----------------------------------------------------------------------------
Z12-62 20+50 N Resguardo  24.70  25.75   1.05   0.74   297.0 0.020 0.04 0.06
and    20+50 N Trans-     54.80  56.80   2.00   1.28    70.5 0.015 0.06 0.11
               verse 3                                                     
and    20+50 N Maria de   79.05  79.90   0.85   0.54   198.2 0.018 0.11 0.25
               Jesus                                                       
----------------------------------------------------------------------------
Z12-63 20+50 N Maria de  106.50 108.85   2.35   2.22   230.9 0.010 0.16 0.26
               Jesus                                                       
----------------------------------------------------------------------------
Z12-64 20+50 N Maria de  101.10 105.55   4.45   3.99   199.8 0.035 0.21 0.49
               Jesus                                                       
----------------------------------------------------------------------------
Z12-65 20+50 N Maria de  137.15 138.40   1.25   1.24   242.6 0.018 0.17 0.41
               Jesus   
                                                    
----------------------------------------------------------------------------
Z12-67 23+00N  Maria de   51.57  53.00   1.43   1.04   116.2 0.017 0.07 0.13
               Jesus                                                       
----------------------------------------------------------------------------
Z12-68 23+50N  Maria de   46.40  50.30   3.90   3.66   249.6 0.009 0.07 0.16
               Jesus                                                       
----------------------------------------------------------------------------

 
The mineralization at La Condesa consists of two main northeasterly
dipping structures (Maria de Jesus and Resguardo), plus a number of
smaller northwesterly dipping transverse veins all of which occur 200
meters southwest of the Cuchara Mine workings. 
To date, the Resguardo and Maria de Jesus Veins have been mapped on
surface and in underground workings for a strike length in excess of
750 meters. Both remain open for extension to the southeast and to
depth. To the southeast, one of the last drill holes (Z12-64) of this
first phase program intersected 199.8 g/t silver over 3.99 meters
true width (TW). La Condesa remains open to expansion at depth, where
one of the deepest drill holes (Z12-39) intersected 312.0 g/t silver
over 2.87 meters (TW). The locally high grade nature of the La
Condesa mineralization is demonstrated by two intersections within
the central portion (Z12-32 and Z12-45) which produced grades
exceeding one kilogram per tonne of silver (1,773 g/t over 0.89
meters TW and 1,655 g/t over 0.98 meters TW, respectively). Native
silver was also observed in three drill holes at La Condesa, which to
date are the only holes IMPACT has drilled in which this mineralogy
is clearly visible. To the southeast, both structures pass into the
Santa Efigenia area, which is known to contain some of the higher
silver grades in Zacualpan District (up to 3,700 g/t silver in old
mine workings). Geological mapping and sampling was recently
completed in this area in preparation for future drilling.  
Future drilling at La Condesa will emphasize expanding the
mineralization to the southeast and to depth. It is also anticipated
that detailed definition drilling using underground drills, currently
onsite, will be used to better define the La Condesa mineralization.  
Future Plans for the Cuchara Mine Development Area 
A surface drill program is planned for the Cuchara North area that
lays 200 meters to the northeast of the La Condesa Veins and
represents the northwesterly extension to the Oscar Veins that are
currently slated for production. A second drill program is planned
for the southwest dipping El Copal Veins located 175 meters to the
west of La Condesa. A third drill program is planned for the Santa
Efigenia area, located immediately to the southeast of La Condesa on
the extensions to the Maria de Jesus and Resguardo Veins, after
results of geological mapping and sampling have been interpreted. If
results of this drilling prove successful, it is anticipated that
these areas (Oscar, La Condesa, Cuchara North, El Copal and Santa
Efigenia) would be connected by a series of underground workings,
which in turn would represent separate mining areas, all of which
originate from the same Cuchara Mine portal. 
Brian Hall, M.Sc., P. Geo., Nigel Hulme, P. Geo. and Wojtek
Jakubowski, P. Geo., Qualified Persons under the meaning of Canadian
National Instrument 43-101, are responsible for the technical content
of this news release. 
IMPACT Silver Corp. is a precious metal mining and exploration
company operating in central Mexico, with a producing silver
operation at the 423-square-kilometer Royal Mines of Zacualpan Silver
District which includes the La Condesa area, the adjoining
200-square-kilometer Mamatla VMS District which includes the advanced
Capire Mine Development Project, and a 16.5% shareholding in Defiance
Silver Corp. who are advancing IMPACT's 200 tpd mill and mineral
concessions in the Zacatecas Silver District. Additional information
including a map of the Cuchara/La Condesa vein systems can be found
on the Company website at www.IMPACTSilver.com under Projects -
Zacualpan.  
On behalf of the Directors of IMPACT Silver Corp. 
Frederick W. Davidson, President & CEO 
Forward-Looking Statements 
This IMPACT News Release may contain certain "forward-looking"
statements and information relating to IMPACT that is based on the
beliefs of IMPACT management, as well as assumptions made by and
information currently available to IMPACT management. Such statements
reflect the current risks, uncertainties and assumptions related to
certain factors including but not limited to, without limitations,
exploration and development risks, expenditure and financing
requirements, title matters, operating hazards, metal prices,
political and economic factors, competitive factors, general economic
conditions, relationships with vendors and strategic partners,
governmental regulation and supervision, seasonality, technological
change, industry practices, and one-time events. Should any one or
more risks or uncertainties materialize or change, or should any
underlying assumptions prove incorrect, actual results and
forward-looking statements may vary materially from those described
herein. IMPACT does not assume the obligation to update any
forward-looking statement.  
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. 
Contacts:
IMPACT Silver Corp.
Meghan Brush
Investor Relations
(604) 681 0172
(604) 681 6813 (FAX)
inquiries@impactsilver.com
www.IMPACTSilver.com
 
 
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