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A Banner Year for IMPACT Silver Corp.'s Exploration in 2012

A Banner Year for IMPACT Silver Corp.'s Exploration in 2012 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/21/13 -- IMPACT
Silver Corp. (TSX VENTURE:IPT) ("IMPACT" or "the Company") is pleased
to provide its year-end review of exploration activities in 2012 at
the Royal Mines of Zacualpan District and adjacent Mamatla District
in central Mexico. 


 
--  Two new mines coming on-stream in Q1 2013 as a result of successful
    exploration programs. 
--  Significant silver discoveries at Mirasol and Condesa in 2012 will drive
    continued drilling in 2013. 
--  Advanced use of IMPACT's ArcGIS database resulted in 2012's substantial
    increase in drilling success. 

 
ROYAL MINES OF ZACUALPAN SILVER-GOLD DISTRICT 
2012 was the most successful year to date for IMPACT's exploration
department. 
Brian Hall, IMPACT's Chief Geologist, stated, "More exploration work
was completed on all fronts (prospecting, geological mapping, and
drilling) with the overall results being substantially better than in
past years. Two factors have likely contributed to what we consider
to be a banner year for IMPACT's exploration department. The first
being the growing maturity of the ArcGIS computer database that the
exploration department uses to prioritize areas for field work and
drilling and, secondly, an overall increased level of the skill and
experience of each member on the exploration team." 
During 2012, fieldwork in the form of detailed geological mapping and
rock sampling was completed for the Tepejuate, Santa Efignia, Santa
Teresa, Cuetzillos Sud and El Gigante mapping areas of which all,
except Tepejuate, are located in the Valle de Oro area adjacent to
IMPACT's currently producing Noche Buena Mine. New areas where
geological mapping fieldwork was initiated in 2012 included San Pablo
Norte -a new area to the southeast of previous IMPACT work- as well
as the El Orito and La Escondida areas, which are located in the
Valle de Oro area. Favourable results have been obtained from each of
these areas, with the San Pablo Norte exceeding expectations so far. 
The number of rock samples collected in the field by IMPACT's
prospecting and geological mapping teams were substantially greater
in 2012 (3,607) than in 2011 (2,711), an increase of 33%. In terms of
the avera
ge grades for these samples, a significant increase was
evident for gold and copper contents overall, reflecting more focused
fieldwork in the Valle de Oro area where these metals predominate, in
preparation for a number of planned drill programs on a variety of
different targets to be initiated in 2013. In terms of individual
assay values, many high grade samples in silver, gold and copper were
collected. 
Drill programs in 2012 were conducted on the Oscar, Condesa, Carlos
Pacheco and Mirasol areas of the Zacualpan Silver-Gold District, as
well as expansion drilling on the Capire Mine development area of the
Mamatla VMS District. 
Total drilling increased by 20% in 2012 to 35,274 meters, up 5,793
meters from 2011. Past metrics which were used to ascertain the
drilling success rate for new areas (drill intersections of 120 g/t
silver over 2.0 meters was considered to be a minimum threshold) are
now obsolete, as 2012 attained a success rate of 100%. Using a new
form of metrics that counts the number of kilogram-plus grade
intersections for silver (1,000+ g/t Ag) from the drill holes, 17
were intersected in 2012 versus ten in 2011. This 70% increase is a
reflection of the higher grade targets that are now being selected
for drilling to which the ArcGIS database is an integral part. A
significant portion of this increase in high grade silver intercepts
was the result of identifying and drilling at the newly discovered
Mirasol Silver Area. 
The increased success in 2012 was driven by five GIS (Geographic
Information System) specialists who added a considerable amount of
information to the ArcGIS database, advancing it from a simple
viewing platform into the field of data analysis. Numerous new
protocols for analyzing data in this database have now been developed
by IMPACT, allowing the exploration department to prioritize areas of
highest mineral potential. A visual representation of IMPACT's mines
in production, processing plants and drilled prospects is available
on the Company website at www.IMPACTSilver.com under the "Projects
Overview" page. 
Summarized below are the results of the drilling for 2012 by project
area. 
Cuchara-Oscar Mine Area 
The Cuchara-Oscar Vein Corridor ("Cuchara") is another IMPACT
exploration success story taken from initial field exploration
through drilling to mine construction and final permitting. Cuchara
is located 2.5 kilometers east of IMPACT's Guadalupe Processing
Plant. One of the main vein systems in the vicinity of the historic
Cuchara Mine is the Oscar Vein Corridor, which links a series of
high-grade silver veins from the Oscar Silver area to the new Santa
Lucia Silver Zone for a drill defined strike length of 1,200 meters.
Mapping in the Cuchara North Silver area indicates an additional 510
meters of strike length to Oscar Vein Corridor at the north end that
will be drilled in the future. 
In 2012 IMPACT announced final Phase 2 drill results from Oscar as
follows: 


 
Oscar Silver Area - Second Phase Drill Results (2012)
 
                        From      To  Interval  Silver   Gold   Lead   Zinc
Drill Hole   Section  meters  meters    meters    (g/t)  (g/t)    (%)    (%)
---------------------------------------------------------------------------
                                                                           
Z11-55        19+50N   21.80   22.85      1.05     435   0.01   0.15   0.24
---------------------------------------------------------------------------
Z11-61        19+50N  256.20  257.16      0.96     216   1.71  11.03  19.73
---------------------------------------------------------------------------
Z11-64        20+00N   36.60   43.20      6.60     223   0.08   0.18   0.52
---------------------------------------------------------------------------
Including              36.60   37.40      0.80   1,270   0.23   0.86   1.66
and                   137.25  138.25      1.00     468   0.13   1.67   1.28
---------------------------------------------------------------------------
Z11-69        20+00N    0.70    3.35      2.65     408   0.62   0.73   1.12
and                    71.05   72.10      1.05     536   0.17   1.67   3.20
---------------------------------------------------------------------------
Z11-71        20+00N   97.60   98.60      1.00     234   0.74  11.25  13.55
---------------------------------------------------------------------------
Z11-74        20+50N   21.35   22.35      1.00   1,875   0.74   2.65   6.88
and                    90.00   91.24      1.24     835   0.12   1.28   1.78
---------------------------------------------------------------------------
Z11-76        20+50N   42.53   56.45     13.92      80   0.98   1.03   1.44
including              42.53   44.24      1.71     220   0.41   1.76   1.57
including              46.79   48.29      1.50     299   0.35   3.22   5.72
including              53.96   56.45      2.49      71   4.79   1.84   1.66
---------------------------------------------------------------------------
Z11-78        20+50N  102.15  103.70      1.55     250   0.02   0.01   0.03
---------------------------------------------------------------------------
Z12-05        17+00N   92.50   97.60      5.10     234   0.05   0.14   0.49
including              95.55   96.55      1.00     444   0
.12   0.26   0.92
---------------------------------------------------------------------------
Z12-06        18+00N   86.25   87.15      0.90     564   0.01   0.16   1.22
---------------------------------------------------------------------------
Z12-08        19+00N   22.36   45.75     23.39     115   0.02   0.12   0.36
including              22.36   23.85      1.49     510   0.06   0.36   1.27
including              44.50   45.75      1.25     297   0.08   0.36   0.87
---------------------------------------------------------------------------
Z12-09        19+00N  118.15  121.15      3.00     272   0.20   0.90   2.44
---------------------------------------------------------------------------
Z12-12        18+50N  153.45  153.95      0.50     346   0.03  0.242   0.88
---------------------------------------------------------------------------

 
Construction of the Cuchara-Oscar Silver Mine is largely complete and
is now awaiting receipt of final permits (expected soon) to begin
mining operations. Mine access utilizing the historical Cuchara Mine
ramp has been dewatered and refurbished while mining infrastructure
and services have been installed and equipment committed to
Cuchara-Oscar for commercial production. 
Condesa Silver Zone 
The Condesa vein system is located 200 meters west of and has
historic underground access from the Cuchara Mine (see above) which
was mined using a modern ramp to a depth of 240 meters. The intention
of this Condesa drill program was to outline mineralization to
augment the planned production from the Oscar Vein Corridor which
would also use the existing Cuchara Mine workings but utilize a
different mining area. 
Summarized below are highlights from the 2012 Condesa drill program: 


 
Condesa Silver Zone - First and Second Phases Drill Results (2012)
 
                                               True                        
                                       Inter- Thick-                        
Drill    Drill             From     To   val   ness      Ag    Au   Pl   Zn
Hole   Section Vein Name      m      m     m      m     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
---------------------------------------------------------------------------
Z12-30 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 Yerba     106.60 109.35  2.75   1.94   152.0  0.38 2.90 0.09
               buena                                                   
---------------------------------------------------------------------------
Z12-39 23+00 N Resguardo 167.30 171.00  3.70   2.87   312.0 0.029 0.27 0.90
---------------------------------------------------------------------------
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
               versa 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                                                   
---------------------------------------------------------------------------
Z12-62 20+50 N Resguardo  24.70  25.75  1.05   0.74   297.0 0.020 0.04 0.06
and    20+50 N 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                                                   
---------------------------------------------------------------------------
Z12-68  23+50N Maria de   46.40  50.30  3.90   3.66   249.6 0.009 0.07 0.16
               Jesus                                                   
---------------------------------------------------------------------------

 
The mineralization at Condesa consists of two main northeasterly
dipping structures (Maria de Jesu
s 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 Width
Drill        Drill Vein     From     To   met-  met- Silver  Gold Lead Zinc
Hole       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
                   sol
including L03+50 S Mira-  101.20 103.10  1.95  1.95   352.0 0.410 0.74 1.84
                   sol
                   Arriba                                                  
                   I                                                  
including 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
                   sol
including 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
                   sol
including L03+00 S Mira-   75.20  82.40  7.15  7.15   216.0 0.040 0.08 0.16
                   sol
                   Arriba                                                  
                   I                                                  
including L03+00 S Mira-   75.20  77.50  2.30  2.30   376.0 0.040 0.10 0.12
                   sol
                   Arriba                                                  
                   I                                                  
including 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                                                  
                   I                                                  
and       L03+00 S Mira-   92.00  93.10  1.10  1.02   123.0 0.020 0.05 0.01
                   sol
                   Arriba                                                  
                   II                                                  
and       L03+00 S Mira-  101.20 103.10  1.90  1.76    94.5 0.030 0.04 0.13
                   sol
                   Abajo                                                  
including 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
                   A                                                  
and       L03+50 S El     247.05 251.80  4.75  3.89   118.2 0.022 0.13 0.31
                   Desch-                                                  
                   uesado
                   B                                                  
including 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-  True                       
Drill     Drill Vein       From     To    val  Width Silver  Gold Lead Zinc
Hole    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                                                   
---------------------------------------------------------------------------

 
The principal veins of the Mirasol area represent a shear zone in
which the veins strike northwesterly and dip to the southwest. The
Mirasol Central and Mirasol NW Zones remain open in all directions.
Drilling is continuing to expand the zone. 
Carlos Pacheco Gold-Copper Zone 
The Carlos Pacheco Gold-Copper Vein is located 4.5 kilometers
southwest of IMPACT'S Guadalupe Processing Plant and 180 meters due
east of IMPACT's currently producing Noche Buena Mine. It is a west
dipping structure running parallel to the Noche Buena veins.
Stratigraphic studies indicate that the Carlos Pacheco mineralization
was emplaced 560 meters deeper than the Noche Buena mineralization;
however, subsequent faulting juxtaposed these two zones. Consequently
it is one of many zones within the central part of the Zacualpan
project area that represent a deeper part of the mineralizing system
enriched in gold and copper. Fieldwork in the Carlos Pacheco area
began in 2007 with a systematic mapping and rock sampling program
followed by an initial drill program that cut high grade gold
intersections of up to 19.6 g/t gold across 2.9 meters including 49.7
g/t gold across 1.0 meter (see IMPACT News Releases dated January 18,
2007 and December 4, 2008). 
In 2012, additional drilling at depth on Carlos Pacheco returned more
significant assays as follows: 


 
Carlos Pacheco Vein - Second Phase Drill Results (2012)
 
Drill          Drill     From       To   Interval    Gold   Silver   Copper
Hole         Section   meters   meters     meters    (g/t)    (g/t)      (%)
---------------------------------------------------------------------------
Z12-13       12+50 N   192.30   199.00       6.70    3.84       28     0.54
including              192.30   195.05       2.75    8.47       56     1.12
---------------------------------------------------------------------------
Z12-17       12+75 N   198.25   200.99       2.74    1.83       56     0.54
---------------------------------------------------------------------------
Z12-21       12+25 N   190.65   195.30       4.65    0.96       43     0.60
including              190.65   191.00       0.35    0.53      265     5.12
---------------------------------------------------------------------------
Z12-23       12+25 N   229.85   230.95       1.10    3.82       84     0.54
---------------------------------------------------------------------------
Z12-27       13+50 N   156.65   158.60       1.95    0.84       88
     1.52
including              156.65   157.40       0.75    0.67      204     3.47
---------------------------------------------------------------------------

 
Located between the Noche Buena and Carlos Pacheco Veins are ten
Intermediate Veins intersected during drilling that targeted the
Carlos Pacheco Vein. These Intermediate Veins represent a vein
cluster located midway between the Noche Buena and Carlos Pacheco
Veins that include numerous wide, lower grade intersections of
silver, gold, lead and zinc. 
Summarized below are some of more significant intersections from the
Intermediate Veins: 


 
Intermediate Veins - Second Phase Drill Results (2012)
 
Drill         Drill   From     To Interval Silver  Gold Copper  Lead   Zinc
Hole        Section meters meters   meters   (g/t) (g/t)    (%)   (%)    (%)
---------------------------------------------------------------------------
Z12-11      12+50 N 113.65 114.70     1.05    159  0.29   0.01  0.15   0.27
---------------------------------------------------------------------------
Z12-16      12+50 N 100.00 114.30    14.30     82  0.04   0.01  0.09   0.19
including           100.00 106.50     6.50    119  0.06   0.01  0.06   0.14
including           101.45 101.95     0.50    560  0.16   0.01  0.03   0.07
---------------------------------------------------------------------------
Z12-18      12+75 N  57.00  59.00     2.00    337  0.20   0.01  0.23   0.43
including            58.45  59.00     0.55  1,010  0.61   0.02  0.64   1.19
and                 205.60 213.60     8.00     23  2.09   0.25  0.02   0.03
including           212.15 213.60     1.45     29  9.67   0.29  0.03   0.03
---------------------------------------------------------------------------
Z12-19      12+75 N  74.90  75.10     0.20    858  0.64   0.05  7.57  10.10
---------------------------------------------------------------------------
Z12-20      12+75 N  28.20  63.85    35.65     50  0.05   0.01  0.13   0.23
and                 149.50 152.75     3.25    153  0.33   0.01  0.24   0.69
including           151.30 152.75     1.45    319  0.69   0.02  0.41   1.32
and                 174.00 174.55     0.55     97  0.91   0.17  0.36  16.45
---------------------------------------------------------------------------
Z12-23      12+25 N  26.10  28.10     2.00    207  0.22   0.01  0.10   0.15
and                  84.75  90.40     5.65     75  0.09   0.01  0.05   0.14
---------------------------------------------------------------------------

 
The current plan is to further define and potentially mine these
Intermediate Veins via a proposed cross cut from the Noche Buena Mine
that also would access the Carlos Pacheco Vein. For this reason a
lower economic cutoff is contemplated for the mining of these
Intermediate Veins. The work of IMPACT's exploration team for this
portion of the Carlos Pacheco and Intermediate Veins is now complete
and the data has been passed to the mine planning group for
engineering studies and potential production. 
MAMATLA VMS DISTRICT 
The Mamatla VMS (Volcanogenic Massive Sulphide) District is located
to the south of the Royal Mines of Zacualpan Silver Gold District and
comprises approximately 140 square kilometers of the total property
area. The Capire Silver Mine, which is currently in the final stages
of construction, was the main focus of interest and was further
drilled in 2012 with encouraging results. The integration into the
GIS database of the soil sample data collected by a previous operator
in the 1990s was completed this year and a number of VMS exploration
targets were defined. A prospecting program was initiated late in the
year to outline further drill targets beyond the Capire Mine area in
2013. 
Capire Silver Mine Drilling and Mine Construction 
The new open-pit Capire Mine is the second mine currently under
construction with first concentrate shipments expected during the
first quarter of 2013. It represents a new production center in a new
mining district and an opportunity that, upon successful completion
of the proposed exploration and development program, would propel the
Company to become a multimillion ounce silver producer. 
In February 2011, the updated NI 43-101 compliant Measured and
Indicated Mineral Resources was announced and totaled 7.2 million
ounces silver, 30,446 ounces gold; 95.6 million lbs zinc and 37.2
million lbs lead (see IMPACT News Release dated February 1, 2011 for
details). 
The 2012 drill program was planned to determine the limits of the
Capire Deposit and to test for other mineralized zones in the
immediate mine area. Fill-in drilling around known mineralized
intersections and 200 m step-out holes from the perimeter of the
deposit area were undertaken in a 78 hole, 11,870m drill program.
Highlights of 2012 drill results include the following: 


 
Capire - Fifth Phase Drill Results (2012)
 
Drill           From      To  Interval  Silver   Gold   Lead   Zinc  Copper
Hole          meters  meters    meters    (g/t)  (g/t)    (%)    (%)     (%)
---------------------------------------------------------------------------
C12-06         78.25    80.3      2.05     507   1.81   2.20   4.02    0.41
Including       79.3    80.3      1.00     929   3.27   2.77   5.27    0.63
And            105.7   110.8      5.10     183   0.20   1.05   2.45    0.13
Including      109.8   110.8      1.00     322   0.35   0.44   1.31    0.07
---------------------------------------------------------------------------
C12-07          38.1   41.15      3.05     132   0.38   0.30   0.63    0.07
---------------------------------------------------------------------------
C12-08          44.7   47.75      3.05     100   0.82   0.23   0.39    0.07
And             94.5    97.6      3.10      82   0.23   0.55   1.45    0.16
---------------------------------------------------------------------------
C12-09         77.75    86.9      9.15      79   0.13   0.41   1.03    0.09
Including       79.3    80.8      1.50     302   0.32   1.20   2.40    0.26
---------------------------------------------------------------------------
C12-10         62.74   63.34      0.60     218   0.31   1.12   2.64    0.20
---------------------------------------------------------------------------
C12-11          80.3   103.7     23.40      46   0.17   0.36   0.95    0.07
Including      94.55    97.6      3.05     108   0.17   0.75   1.90    0.15
---------------------------------------------------------------------------
C12-12         65.51    74.2      8.69      60   0.14   0.49   1.39    0.10
---------------------------------------------------------------------------
C12-13         64.05   71.65      7.60      50   0.08   0.21   0.57    0.08
---------------------------------------------------------------------------
C12-21         83.35   100.1     16.75     153   0.40   1.14   2.71    0.21
Including       92.4      97      4.60     435   0.71   3.13   5.99    0.48
Including         95      96      1.00   1,390   1.39   1.49   2.82    0.63
---------------------------------------------------------------------------
C12-25          13.2   23.35     10.15     107   0.58   0.90   2.43    0.10
Including       13.2    18.3      5.10     150   0.79   1.29   3.54    0.12
Including       13.2   15.25      2.05     315   0.91   2.93   8.19    0.25
---------------------------------------------------------------------------
C12-35           123  125.05      2.05     219   0.76   1.09   2.89    0.20
---------------------------------------------------------------------------
C12-42         39.65   45.75      6.10     164   0.88   0.93   2.05    0.14
---------------------------------------------------------------------------
C12-49         22.35    24.4      2.05     257   0.16   1.14   2.22    0.22
---------------------------------------------------------------------------
C12-50          37.6   46.75      9.15     107   0.37   0.60   1.45    0.10
Including       38.6    42.7      4.10     164   0.45   0.70   1.65    0.14
-------------------------------------------------------------------------
--
C12-53          75.2   82.35      7.15      46   0.19   0.30   0.78    0.05
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C12-58          85.4    91.5      6.10      73   0.28   0.51   1.30    0.08
Including      89.45    91.5      2.05     145   0.48   0.89   2.38    0.16
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C12-68          43.7    48.8      5.10     154   0.66   0.76   1.65    0.15
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C12-76          30.5   34.55      4.05     142   0.18   0.84   1.86    0.11
---------------------------------------------------------------------------
C12-77            61   66.05      5.05      69   0.25   0.65   1.59    0.10
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The 2012 program holes were drilled vertically and intersections are
estimated to be close to true width. These drill results combined
with a series of holes reported earlier, have expanded and defined
the extent of the Capire mineralization to the north and south while
the zone remains open to the east. 
Other Prospects in Capire Area 
Drill results from the 2009 program on the Aurora II showing, located
1.3km southeast of the Capire minesite, were re-evaluated and a seven
hole program is planned for 2013 to test the area immediately to the
northeast. Mapping and sampling of the historical underground
workings in the area suggest good potential for more extensive
mineralization. 
A prospecting program was undertaken in the Guadalupe Mamatla area,
located 2.8km to the east of the Capire minesite, to determine the
extent of the mineralization mapped in historical underground
workings in preparation for a drill program that will be undertaken
in early 2013. 
ARCGIS DATABASE 
Since 2007, the Company's exploration department has been
constructing a state-of-the-art computer Geographic Information
System (GIS) database capturing all relevant technical information
for the Zacualpan and Mamatla Districts using ArcGIS software. At the
core of this database is information pertaining to over 3,000 old
mine workings and prospects representing almost 500 years of mining
history in the districts. For several years the GIS database has been
the main engine for generating and prioritizing new drill targets. In
2007 this database attained a critical mass of data such that it
could be used to direct the drilling. At that time this database was
used as simply a "viewer" of the data in much the same manner as a
"light table". Nevertheless, a significant increase (31% to 61%) in
the success rate IMPACT's exploration drilling in new areas was
realized. 
The year of 2011 represented another threshold year in the
development of this GIS Database as different data sets were combined
in an analytical and interpretive manner. This approach was further
enhanced and expanded upon in 2012, and for the first time these
enhanced data analysis methods were used to guide the drilling for
the Company's exploration department. This resulted in yet another
significant increase in the drilling success rate, not only in terms
of finding intersections that exceeded the minimum metric but in
finding many very high grade intersections that exceeded one kilogram
per tonne silver (1,000 g/t Ag; see results above). 
PLANS FOR 2013 
Plans for 2013 are to move both Capire and Cuchara-Oscar into
production during the first quarter and continue aggressive field
work and drilling on targets in the Valle de Oro area and in the
Capire Mine area. Additional drilling is also required for both the
Condesa Silver area where the mineralization remains open to
expansion at depth and to the southeast, and the Mirasol Central &
Northwest areas where the mineralization is currently open in all
directions. Additional fieldwork in the form of geological mapping
and detailed rock sampling will continue in the Valle de Oro and the
San Pablo Norte areas. 
With a track record of successful exploration, rapid mine development
and more than 3,000 old mine workings in the GIS database, IMPACT's
long term growth strategy is to become a mid-tier multimillion ounce
silver producer with multiple production centers each fed by multiple
mines. The construction of a second production center at Capire is
the next important step to fulfilling this vision. IMPACT's strong
cash position and positive cash flow allows for accelerated growth
through aggressive exploration and potential accretive acquisitions. 
SUMMARY 
2012 was a very successful year of exploration and mine development
for IMPACT. The construction of the Capire Mine and pilot plant is
nearing completion. The construction and permitting of the new high
grade Cuchara-Oscar Mine is also nearing completion and is
anticipated to increase silver production at the Guadalupe Processing
Plant. Exploration field work and drilling in 2012 was successful in
discovering significant zones of silver mineralization at Condesa and
Mirasol, both of which will continue to be drilled in 2013 to build
mineral inventories for mining. 
New silver targets as well as a number of new gold-copper targets are
also being prepared for drilling in 2013. IMPACT's exceptional
discovery and mine development rate of four new mines in the last six
years is attributed to its highly skilled technical team and a
systematic approach to exploration and mine development. 
Brian V. Hall, P.Geo., Chief Geologist is responsible for the
technical information on the Zacualpan area and Wojtek Jakubowski,
P.Geo., Senior Geologist, is responsible for the technical
information on the Capire area. Both are Qualified Persons under the
meaning of Canadian National Instrument 43-101. The Capire mineral
resource estimates in this news release were taken from a technical
report (posted on www.sedar.com) by Claus G. Wiese, P.Eng., I-Cubed
LLC, an independent professional engineer. 
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-Gold District which includes the Cuchara-Oscar Mine
Construction Project, the adjoining 200-square-kilometer Mamatla VMS
District which includes the Capire Mine Construction Project and a
16.5% shareholding in Defiance Silver Corp. who are advancing the
Company's 200 tpd mill and mineral concessions in the Zacatecas
Silver District. Additional information can be found on the Company
website at www.IMPACTSilver.com. 
On behalf 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 (FA
X)
inquiries@impactsilver.com
www.impactsilver.com
 
 
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