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Press Release Source: IMPACT Silver Corp.
IMPACT Silver Announces Record First Quarter Earnings and Silver Production
Monday May 26, 5:37 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 26, 2008) - IMPACT Silver Corp. ("IMPACT") (TSX VENTURE:IPT - News) is pleased to announce record financial and operational results for the quarter ended March 31, 2008. The Company's consolidated financial statements include the results of Royal Mines of Zacualpan Project ("Zacualpan") in Mexico. Gross Revenues for the first quarter exceeded $2.6 Million and net income for the quarter was $845,000 ($0.02 per share). Mine operating earnings for the quarter were $1.3 million. IMPACT ended the quarter with cash and cash equivalents of $8.9 million.
----------------------------------------------------------------
Three Months Ended March 31 2008 2007 % Change
----------------------------------------------------------------
Revenue $2,687,000 $1,859,000 +44
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Net Income $ 845,000 $ 267,000 +216
----------------------------------------------------------------
Earnings Per Share $ 0.02 $ 0.01
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Quarterly silver production reached a record of 131,859 ounces, a 54% growth over the same quarter of last year. The Company also produced record quantities of lead, zinc and gold. The addition of high-grade silver production from the commencement of mining activities at the Chivo Mine at the end of the fourth quarter and the subsequent re-activation of operations at the San Ramon mine in the first quarter enabled IMPACT to substantially increase its head grade, margins and silver production. Despite higher hauling costs from the Chivo and San Ramon Mines, direct costs per tonne decreased to $50.63 from $50.97 a year ago. The much higher silver grades led to a higher contribution margin per tonne processed.
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Three Months Ended March 31 2008 2007 % Change
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Total tonnes (t) Produced 24,247 22,843 +6
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Tonnes Produced per Day 266 253 +5
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Silver Production (Oz) 131,859 85,606 +54
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Lead (t) 162 136 +19
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Zinc (t) 275 244 +13
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Direct costs per tonne $ 50.63 $ 50.97 -1
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Mine expansion at the new mines led to an increase in daily throughput at the Zacualpan mill of 266 tonnes per day. The Company continues with its aggressive plan to modernize operations and increase production.
Guadalupe Mine
As in 2007, the majority of the mill feed for the first quarter was from mining of lower grade material at the Guadalupe Mine. Planning is underway to improve track access to a new area: the Kena-Dolores zone. It and a number of smaller veins could be providing feed late this year. Material from the Guadalupe Mine remains the lowest cost producer for the mines supplying the mill because of its close proximity.
San Ramon Mine
The Company recommenced mining at the San Ramon during the first quarter of 2008 on a selective basis after redesigning the mining plan.
Chivo
During the quarter, the Company continued to drift along the vein while opening up two stopes for mining. The Chivo Vein itself has higher grades of lead and zinc towards the north and more silver towards the south. Material presently mined from Chivo is predominantly from the silver-rich southern portion as well as development muck; however, as larger production stopes are opened up, the lower grade ore from development will represent a smaller percentage from Chivo and average grades will rise. Mineral from Chivo continues to be the principal reason that silver production reached a record for the quarter. A second adit approximately 60 meters vertically lower on the structure is currently being planned.
Exploration drilling results from Chivo and the Kena-Dolores zone of the Guadalupe Mine strongly indicate at least two zones of future development, which have the potential to substantially increase mined tonnages and grades allowing the Company to reach its production target of 500 tonnes per day within a year and, as importantly, be able to maintain it in the future.
IMPACT Silver Corp. is a silver focused mining and exploration company operating in Mexico with a producing silver operation at Zacualpan, the 200-square-kilometer advanced Mamatla Silver District and an advanced project with a producing mill at Zacatecas. Energold Drilling Corp. (TSX VENTURE:EGD - News) who was the contractor for the drill program, owns 6.6 million shares of IMPACT.
On behalf of the Directors of IMPACT Silver Corp.
Frederick W. Davidson, President, CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Darrell Rader
IMPACT Silver Corp.
Corporate Development
(604) 681-9501
(604) 681-6813 (FAX)
Email: info@energold.com
Website: www.energold.com
--------------------------------------------------------------------------------
Source: IMPACT Silver Corp.
Like shootin' fish in a barrel. Gotta love it! Nice to see the company putting out news more regularly...
Press Release Source: IMPACT Silver Corp.
IMPACT Silver Announces New Discovery at the Royal Mines of Zacualpan
Tuesday April 29, 2:45 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 29, 2008) - IMPACT Silver Corp. ("IMPACT") (TSX VENTURE:IPT - News) is pleased to announce a new discovery, the Los Reyes Zone, within the Royal Mines of Zacualpan Silver District in Mexico. Recent drilling of this new discovery returned wide, mineralized drill intercepts within close proximity to the operating Chivo Silver Mine.
LOS REYES ZONE
Discovered through the ongoing regional surface and underground sampling program at Zacualpan, the Los Reyes Zone is located 4.5 kilometers southeast of the Zacualpan processing plant and 600 meters east of the Chivo Silver Mine. It is a thick vein system that trends parallel to the silver-rich Chivo Vein. On surface, Los Reyes is marked by a series of old mine workings. Highlights from the eleven-hole drill program include the following:
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--------------------------------------------------------------------------
TOP ESTIMATED
DRILL OF TRUE
HOLE INTERCEPT WIDTH ZINC LEAD SILVER GOLD
No. (m) (m) (%) (%) (g/t) (g/t)
--------------------------------------------------------------------------
SECTION 1N (Sections listed from south to north, drill holes listed from
west to east)
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Z07-42 111.2 4.5 2.05 0.64 262 0.09
-------------------------------------------------------------
Including: 2.2 2.05 0.64 496 0.15
-------------------------------------------------------------
Including: 1.1 1.67 0.44 717 0.27
--------------------------------------------------------------------------
Z06-33 115.1 5.2 1.64 0.50 17 0.18
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SECTION 2N
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Z07-35 194.9 1.1 4.35 1.28 25 2.21
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SECTION 3N
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Z07-37 191.1 4.1 4.46 1.07 46 0.34
-------------------------------------------------------------
Including: 0.6 17.80 4.62 135 1.24
--------------------------------------------------------------------------
SECTION 4N
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Z07-38 202.4 5.9 1.99 0.53 22 0.18
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The other holes in this program intersected lower grades. The holes were drilled on a 35 x 50-meter grid over a length of 200 meters. The zone is open for expansion to the northwest, southeast and down dip.
Several splay veins branching off the main Los Reyes Vein returned significant assays from the drill program as follows:
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LOS REYES DRILL HOLES (SPLAY VEINS)
--------------------------------------------------------------------------
TOP ESTIMATED
DRILL OF TRUE
HOLE INTERCEPT WIDTH ZINC LEAD SILVER GOLD
No. (m) (m) (%) (%) (g/t) (g/t)
--------------------------------------------------------------------------
SECTION 1N
--------------------------------------------------------------------------
Z07-42 26.7 1.0 0.35 0.14 260 0.07
-------------------------------------------------------------
and: 94.0 0.5 10.05 2.09 338 0.05
--------------------------------------------------------------------------
SECTION 3N
--------------------------------------------------------------------------
Z07-40 44.5 2.5 0.17 0.09 187 0.03
--------------------------------------------------------------------------
--------------------------------------------------------------------------
37 Splay1 147.6 1.5 2.51 2.41 52 0.19
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SECTION 4N
--------------------------------------------------------------------------
Z07-38 90.4 1.0 4.35 1.05 139 0.07
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Z07-39 99.5 1.2 4.48 2.14 57 0.06
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With its close proximity to the operating Chivo Silver Mine, Los Reyes Zone could readily be accessed underground from existing mine workings. IMPACT's mine staff will evaluate the Los Reyes Zone for possible integration into the Chivo Mine plans.
George Gorzynski, P. Eng. and Nigel Hulme, P. Geo., Qualified Persons under the meaning of Canadian National Instrument 43-101, are responsible for the technical content of this news release. Drill core was NTW size (5.71 cm diameter) and BTW size (4.20 cm diameter). Half core samples were collected with a rock saw and tagged for identification. All samples were securely stored at the IMPACT base camp until shipment. A total of 5% assay standards and 5% blanks were inserted into every sample shipment as a quality control measure. All samples were shipped to the ALS Chemex preparation laboratory in Guadalajara, Mexico, where they were fine crushed (70% passing a 2 mm screen), pulverized (85% passing a 75 micron screen) and pulp split separated for assay by a riffle splitter. These pulps were shipped to the ALS Chemex laboratory in North Vancouver, Canada, where a 30-gram split of each was assayed for gold and silver by standard fire assay and a 10-gram split was analyzed for an additional 30 elements by ICP spectrometry.
IMPACT Silver Corp. is a silver focused mining and exploration company operating in Mexico with a producing silver operation at Zacualpan, the 200-square-kilometer advanced Mamatla Silver District and an advanced project with a producing mill at Zacatecas. Energold Drilling Corp. (TSX VENTURE:EGD - News) who was the contractor for the drill program, owns 6.6 million shares of IMPACT.
On behalf of the Directors of IMPACT Silver Corp.,
Frederick W. Davidson, President, CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Darrell Rader
IMPACT Silver Corp.
Corporate Development
(604) 681-9501
(604) 681-6813 (FAX)
Email: inquiries@IMPACTSilver.com
Website: www.IMPACTSilver.com
--------------------------------------------------------------------------------
Source: IMPACT Silver Corp.
Press Release Source: IMPACT Silver Corp.
IMPACT Silver Extends Strike Length of Chivo Mine; Drills 12.3 Meters of 6% Zinc and 2% Lead
Thursday April 24, 4:37 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 24, 2008) - IMPACT Silver Corp. ("IMPACT") (TSX VENTURE:IPT - News) is pleased to announce that continued drilling on extensions of the Chivo Mine has significantly extended the trend northward and has intersected strong mineralization.
The Chivo Mine, located in the Royal Mines of Zacualpan Silver District in Mexico, achieved commercial production in early 2008 based on successful exploration over the past two years. The mine was put into production based on 21 drill holes and sampling of old workings. This news release reports on an additional five holes drilled on the northern extension of the Chivo Zone. Beyond these results, there have been a further 20 holes completed on both the northern and southern extensions of the Chivo Zone. Assays are pending. The main Chivo Zone remains open in all directions for further expansion.
Highlights of the additional holes drilled on the northern extension of the Chivo Zone are as follows:
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CHIVO NORTH EXTENSION DRILL HOLES (MAIN VEIN)
--------------------------------------------------------------------------
ESTIMATED
TRUE
TOP OF WIDTH
DRILL HOLE INTERCEPT ("TW") ZINC LEAD SILVER GOLD
No. (m) (m) (%) (%) (g/t) (g/t)
--------------------------------------------------------------------------
SECTION 1060N (Sections are listed from south to north, drill holes are
listed from west to east.)
--------------------------------------------------------------------------
Z07-49 157.5 8.8 5.62 1.64 62 0.14
-----------------------------------------------------------
Including: 1.0 14.94 3.52 57 0.33
-----------------------------------------------------------
Including: 0.2 29.50 5.83 70 1.13
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SECTION 1090N
--------------------------------------------------------------------------
Z07-45 97.7 0.2 5.35 1.27 1,080 0.34
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Z07-46 127.7 3.0 8.40 3.56 274 0.26
-----------------------------------------------------------
Including: 1.3 15.20 6.20 139 0.17
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Z07-47 124.4 12.3 6.03 2.05 105 0.14
-----------------------------------------------------------
Including: 7.4 8.73 3.01 150 0.21
-----------------------------------------------------------
Including: 1.8 15.59 5.85 369 0.34
--------------------------------------------------------------------------
The deepest holes on both these sections were the widest and highest grade intersections leaving the zone open for expansion to depth and to the north. Drill hole Z08-49 was drilled at depth on the same section as drill hole Z07-08-11 (see IMPACT news release dated July 12, 2007) and extended the zone of mineralization an additional 50 meters down dip. Drill holes Z08-45 through Z08-48 were drilled on a new section 30 meters north of any previous drilling.
On a deposit scale, the Chivo Zone is showing itself to be increasingly zinc and lead-rich to the north where these holes were drilled and silver-rich to the south where IMPACT has recently completed additional drill holes (assays pending).
Chivo was discovered in 2005 when IMPACT crews found high-grade veins in old mine workings (see IMPACT news release dated September 7, 2005). Samples from the veins assayed 1,095 g/t silver and 0.38 g/t gold across 1.25 meters TW in the workings and 2,640 g/t silver and 1.36 g/t gold across 0.85 meters on surface. Subsequent drill programs consisting of 21 holes returned highlights of 937 g/t silver, 0.35 g/t gold, 1.88% zinc and 0.75% lead across 2.7 meters TW (Drill hole Z-06-10) and 378 g/t silver, 0.30 g/t gold, 4.25% zinc and 1.76% lead across 4.7 meters TW (Drill hole Z07-03) (see IMPACT news releases dated October 12, 2006 and July 12, 2007). To date, 41 drill holes have been completed on the zone (assays pending for 15 holes) and additional drilling is planned to begin in May 2008.
Fred Davidson, President of IMPACT Silver, states, "Chivo continues to deliver wide zones of high grade mineralization with each step out in the drill grid. This drilling success is rapidly growing this zone and nearby zones to where we are now looking at the Chivo area as a second major mining hub in the district. With the huge land package we control and the exploration successes we are having throughout the area, we envision a future with multiple mining and processing centres spread over the entire district."
George Gorzynski, P. Eng. and Nigel Hulme, P. Geo., Qualified Persons under the meaning of Canadian National Instrument 43-101, are responsible for the technical content of this news release. Drill core was NTW size (5.71 cm diameter). Half core samples were collected with a rock saw and tagged for identification. Chip and channel samples were collected from cleaned rock faces in old mine workings and from bedrock outcrops over a continuous representative interval using a moil and hammer. All samples were securely stored at the IMPACT base camp until shipment. A total of 5% assay standards and 5% blanks were inserted into every sample shipment as a quality control measure. All samples were shipped to the ALS Chemex preparation laboratory in Guadalajara, Mexico, where they were fine crushed (70% passing a 2 mm screen), pulverized (85% passing a 75 micron screen) and pulp split separated for assay by a riffle splitter. These pulps were shipped to the ALS Chemex laboratory in North Vancouver, Canada, where a 30-gram split of each was assayed for gold and silver by standard fire assay and a 10-gram split was analyzed for an additional 30 elements by ICP spectrometry.
IMPACT Silver Corp. is a silver focused mining and exploration company operating in Mexico with a producing silver operation at the Royal Mines of Zacualpan, the 200-square-kilometer advanced Mamatla Silver District and a portfolio of projects with a producing mill at Zacatecas.
On behalf of the Directors of IMPACT Silver Corp.
Frederick W. Davidson, President, CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Darrell Rader
IMPACT Silver Corp.
Corporate Development
(604) 681-9501
(604) 681-6813 (FAX)
Email: inquiries@IMPACTSilver.com
Website: www.IMPACTSilver.com
--------------------------------------------------------------------------------
Source: IMPACT Silver Corp.
Impact Silver Looks to Build on Success South of the Border
By Andrew K. Burger
20 Apr 2008 at 04:01 PM GMT-04:00
http://www.resourceinvestor.com/pebble.asp?relid=42082
EILAT, Israel (ResourceInvestor.com) -- Just two years in the making, Impact Silver Corp.’s [TSX.V:IPT] efforts to revive historic silver mines in Mexico is bearing more fruit. The company reported operating earnings of C$2.07 million for fiscal 2007, having ramped up silver, lead and zinc mining 47%, to 99,918 tonnes, at three producing mines in central Mexico’s Zacualpan silver district, part of its Royal Mines of Zacualpan Project.
Management anticipates further gains in 2008, shooting for a goal of producing 1 million ounces silver equivalent. They aim to process 500 tonnes of ore per day within 12 months, proceeds from which will be used to purchase additional mining equipment and for expanding underground mining, Impact’s Sunny Pannu told Resource Investor. A 200-tonne per day semi-portable mill has been purchased at a cost of US$700,000 and is being dismantled and transported to the Zacualpan site. The semi-portable mill will enable company engineers to more flexibly and efficiently follow up on drilling results as they come in, Pannu explained.
Impact also plans to step up exploration in 2008. Its exploration budget for this year has more than doubled and should come in between C$3-$4 million, as management looks to accelerate work to build inventories and move potential production to a faster track. There are plenty of targets. More than 700 known prospects have been identified on the Zacualpan and recently acquired Mamatla properties and more than 15,000 metres of surface and underground drilling is planned.
While the near-term focus is to be in the vicinity of active mine workings at Zacualpan’s Guadelupe, Gallega and Chivo Mines, the company is also hatching plans to explore prospects on the 200 square-kilometre Mamatla prospect southwest of Zacualpan, as well continuing exploration work at Nueva Grande and Asturiana, two of its concessions in the Zacatecas silver district.
Zacualpan: Increasing Production & Mill Throughput
With three mines producing more silver, lead and zinc ore at Zacualpan, throughput at Impact’s on-site mill rose to 274 tonnes per day in 2007 as compared to 196 tpd in 2006 and 145 tpd when Impact acquired the mine two years ago, a 189% increase.
Zinc and lead production increased while silver production fell year-over-year - to 976 tonnes, 601 tonnes and 348,949 ounces, respectively - as management decided to maximize zinc production in light of record-high summer prices by extracting previously marginal ore while preparing higher-grade silver mines for production, according to the company media release.
Having become the main source of high-grade silver ore, Zacualpan’s Chivo Mine looks like the focal point for engineering and production activity this year. An access adit was completed in Q4 and drifting began along the ore vein in December, resulting in 100 tpd of ore being processed at the company’s 500 tpd mill. A second adit is being planned some 60 metres below the first.
Ore grades at the Zacualpan mines range from 200 to 450 g/t silver equivalent, Pannu elaborated. Production costs decreased to C$44.15 last year, or about C$5 per ounce silver equivalent, compared to C$59.55 in 2006. Management expects them to rise slightly this year due to continuing development of the Chivo Mine, but higher silver grades should more than offset them.
Impact is looking to reach its 500 tpd ore processing target by utilizing the extra capacity of its existing mill and bringing the 200 tpd semi-portable mill into operation. Mining itself is conducted using a continuously operated underground drill with samples analyzed at the company’s on-site lab.
Management “is bullish on commodity prices in the long-term, feeling that metal demand will continue to be driven by huge infrastructure development in Asia,” Pannu commented. “The effects of the credit crunch and economic slowdown in the U.S. have not affected the company too much. The only effect is that of the U.S. dollar as our smelter contracts are in US dollars. However, the company has and is doing well despite the slowdown in the U.S.,” he added.
A Wealth of Exploration Opportunities
In addition to silver, lead and zinc, Impact has made new gold and copper discoveries at the Royal Mines of Zacualpan Project’s Pacheco Prospect. Initial drilling results included 14.6 g/t gold and 0.46% copper across 2.7 metres true width and point to “the potential for a copper gold district lying at depth below the silver district,” according to management.
Impact also began drilling to explore an initial two targets on the Mamatla property late last year, a 200 sq. km. prospect that the company acquired in a government auction that took place last February. Historic exploration work was most advanced at Mamatla’s Capire and Aurora 1 VMS deposits.
Best estimates thus far - described in the Mexican government’s public auction document by the Mexican Geological Survey - are that the Capire deposit holds an indicated resource of 1,154,500 tonnes grading 0.22g/t gold, 73g/t silver, 0.45% lead and 1.13% zinc in a near surface zone with potential for open pit mining and open for expansion. The same document says that the Aurora 1 Deposit contains an indicated resource of 194,000 tonnes grading 1.28g/t gold, 180g/t silver, 2.13% lead and 4.45% zinc.
The recent acquisition of historical data is helping management further refine its exploration plans. On Feb. 14, the company announced that it would purchase a large amount of historic technical data – including extensive geological, geochemical and geophysical information – produced in the 1990s related to exploration of volcanogenic massive sulphide deposits in the area.
A total of 50,000 Impact shares will be paid out to Valgold Resources Ltd. [TSX.V:VA] in two equal installments within seven days of TSX Venture Exchange approval of the transaction and receipt of the data.
North in Zacatecas
With estimated past production of 1.2 billion ounces, central Mexico’s Zacatecas Silver District is one of the world’s most prolific historic silver districts. Yale Resources [TSX.V:YLL] is working to earn 80% interests in four of them.
Impact is pursuing aggressive expansion plans in Zacatecas, having to date acquired 100% interests in 17 mineral concessions and looking for additional acquisitions and joint ventures. Due diligence, exploration and engineering work to assess the production potential of its properties and the feasibility of a processing plant are under way.
“In 2007, we focused on the Nueva Granada and Asturiana concessions, which cover veins branching off the Veta Grande Vein System, the major silver producer in the district,” Pannu explained. “Old plans indicated the veins were mined over a length of 700 metres and depth of about 150-200 metres so we plan to define that.”
Field work has focused on the San Jose and Armado veins. The former crosses the concessions over a distance of 800 metres. Assay results of six channel samples averaged 239 g/t silver over 0.74 metres true width, with the highest coming in at 444 g/t silver over 1.10 metres true width. Trending west and running parallel the San Jose Vein has been traced over 500 metres. Assay results from channel samples reported 237 g/t silver over 1.92 metres and 1,320 g/t over 0.3 metres. Samples from surface dumps at the Cristian Mine returned 310 g/t silver, 24.2% lead and 8.0% zinc.
Impact management sees the ore that may eventually be mined at these concessions as sources of feedstock for a 200 tpd mill located in the Veta Grande area of Zacatecas. Impact holds a 25% Net Profit Interest in the mill, which is currently operating on a toll basis.
“We still have the option on the 200 tpd processing plant which is operating intermittently custom milling for local miners, however, Impact engineers are assessing the plant for a final decision on the purchase. When we trigger the purchase of the mill that is when decisions will be made on where we go with Zacatecas. The option to purchase the mill extends another 2 years but we will likely do something sooner,” Pannu commented.
http://biz.yahoo.com/ccn/080415/200804150455077001.html?.v=1
Press Release Source: IMPACT Silver Corp.
IMPACT Reports $2.1 Million in Operating Earnings for 2007
Tuesday April 15, 12:01 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 15, 2008) - IMPACT Silver Corp. (TSX VENTURE:IPT - News; "IMPACT" or "the Company") is pleased to announce its results for the year ended December 31, 2007. The Company's consolidated financial statements include results from the Royal Mines of Zacualpan Project ("Zacualpan") which was purchased on January 16, 2006. For the year 2007, the Company's net earnings per share (EPS) were $0.01.
FULL YEAR RESULTS
------------------------------------------------------------------------
2007 Restated 2006
Canadian $ Canadian $
------------------------------------------------------------------------
Revenue 7,250,000 7,006,000
------------------------------------------------------------------------
Mine Operating Earnings(i) 2,071,000 2,407,000
------------------------------------------------------------------------
Income before Taxes 635,000 838,000
------------------------------------------------------------------------
Net Income & comprehensive income 287,000 506,000
------------------------------------------------------------------------
Earnings per Share - basic 0.01 0.01
- diluted 0.01 0.01
------------------------------------------------------------------------
(i) Includes amortization and depletion of $768,000 in 2007 and $539,000
in 2006.
Average mill throughput during the year was 274 tonnes per day. Revenues for the year ended December 31, 2007 were $7,250,077. Mine operating earnings for the year were $2,070,931. Total tonnes mined for the year-end period are 99,918 tonnes or 31,745 tonnes (47%) more than previous year's production. On site operating costs were $44.15 per tonne, a decrease over the prior year of 26%. Production exceeded the prior year by a significant amount in most categories except silver, with mill throughput increasing over 40 per cent to 274 tonnes per day compared to 196 tonnes per day in 2006. This represents an 89% increase over production levels of 145 tonnes per day when the Company acquired the mine two years ago. With record high zinc prices during the summer months, IMPACT's management made the strategic decision to maximize zinc production by exploiting previously marginal zinc ore while preparing the higher grade silver mines for production. As zinc prices began to retreat, silver production was once again increased.
FULL YEAR RESULTS
------------------------------------------------------------
2007 2006
------------------------------------------------------------
Total Tonnes Produced 99,918 68,173
------------------------------------------------------------
Tonnes Produced per Day 274 196
------------------------------------------------------------
Silver Production (ounces) 348,949 465,673
------------------------------------------------------------
Lead (tonnes) 601.03 375.43
------------------------------------------------------------
Zinc (tonnes) 976.07 725.20
------------------------------------------------------------
CAD$ direct costs per ton $44.15 59.55
------------------------------------------------------------
2007 was another exciting year of positive growth generated by successful exploration and development efforts, resulting in IMPACT ending the year in Mexico with three producing mines and control over two large mineral districts, Zacualpan and Mamatla, and a key presence in a third district, Zacatecas; all highlighted by extensive exploration, increased production and lower direct operating costs.
During 2007, the majority of the mill feed was from mining of lower grade mineral at the Guadalupe Mine, where an intensive program of remapping and exploration is continuing underground. The Guadalupe Mine remains the lowest-cost producer in the Zacualpan district.
Chivo is the new high grade producing mine at Zacualpan. During the fourth quarter, construction of the Chivo Mine access adit was completed; drifting commenced along the vein and in December; the first mill feed from stope mining was achieved, resulting in production levels of approximately 100 tonnes per day. A second adit approximately 60 meters vertically below the first is currently being planned. It is anticipated Chivo will provide a significant volume of higher grade silver feed to the Zacualpan mill in 2008 onward.
The Gallega Mine, located just 500 meters from the Zacualpan processing plant, supplements production from the Guadalupe operation. Mining began on the high-grade Salvadora stopes and then expanded to the Lipton Vein and the recently-discovered San David Vein. In 2006, the San Ramon Mine, near Chivo, generated the majority of the high-grade feed for the Zacualpan mill. Operating costs increased and ore delineation became increasingly more complex, and mining stopped here in 2006. The Company will recommence mining at the San Ramon on a more selective basis in 2008.
Importantly, the two mineral districts the Company controls in Central Mexico, the 125-square-kilometer Zacualpan silver district and the newly-acquired 200-square-kilometer Mamatla mineral district southwest of Zacualpan, have great exploration potential. This potential is being unlocked by IMPACT's exceptional technical team who took the Chivo mine from a raw prospect to production in less than two years. In 2008, IMPACT is continuing an aggressive exploration program with over 15,000 meters of surface and underground drilling budgeted, including a number of targets in both districts.
In aggregate, the Company is well-positioned for 2008 with cash and term deposits of in excess of $10 million, which is in addition to funds generated by the current mining. IMPACT recently announced the purchase of a semi-portable 200-tonne-per-day mill, including all major equipment for US$700,000 which, once relocated, will give the mining group increased production capacity to 700 tonnes per day. The Company looks forward to growing by continuing to expand production through aggressive exploration and rapid mine development. The exploration budget for 2008 has been more than doubled in order to put some of the 700 plus known prospects at Zacualpan and Mamatla on a faster track to potential production and build mineral inventories for mining.
Frederick W. Davidson, President, CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Darrell Rader
IMPACT Silver Corp.
Corporate Development
(604) 681-9501
(604) 681-6813 (FAX)
Email: inquiries@IMPACTSilver.com
Website: www.IMPACTSilver.com
--------------------------------------------------------------------------------
Source: IMPACT Silver Corp.
Up over 8% today. Take a look at the chart, a very nice ascending triangle can be seen which I think will soon be broken and a nice launch upward will ensue. People are starting to realize that gold and silver are not going to correct, and its time to buy up those juniors!
Press Release Source: IMPACT Silver Corp.
IMPACT Silver Announces Acquisition of Third Mill
Tuesday January 29, 4:58 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 29, 2008) - IMPACT Silver Corp. ("IMPACT") (TSX VENTURE:IPT - News) is pleased to announce the acquisition of its third mill. The semi-portable mill is located in central Mexico and has a capacity of 200 tonnes per day. It will be dismantled and transported to IMPACT's Royal Mines of Zacualpan Silver District for impending production increases. Presently the central operating mill at Zacualpan is rated at 500 tonnes per day. The addition of this mill will increase IMPACT's production capacity in the district to 700 tonnes per day.
ADVERTISEMENT
The mill has been acquired through a simple purchase agreement at a price of US$700,000. A payment of US$50,000 was made on signing with the balance of US$650,000 to follow within 60 days. Due diligence conducted by IMPACT engineers on the mill determined that all major pieces of machinery are in excellent condition. The mill was originally built in 1988 from predominantly new pieces of equipment. It operated intermittently in central Mexico for six years and processed only 150,000 tonnes before production was suspended. With the shortage of available mining and processing equipment today and the continuing need for equipment to fuel IMPACT's expanding production profile, management moved quickly to acquire this mill at a favourable price when it became available.
IMPACT controls 325km2 of mineral concessions at the Royal Mines of Zacualpan and Mamatla Districts. Given its large land position, IMPACT is planning to operate in the district through a series of processing plants each serving a portion of the district. The purchase of this mill is the first step toward this goal. The semi-portable mill's destination in the district will be determined by the results from ongoing drilling. Currently, the Royal Mines of Zacualpan Silver District has three mines feeding a central wholly owned mill. In the Zacatecas Silver District, IMPACT has an option to purchase an operating 200 tonne per day mill.
Fred Davidson, President of IMPACT, stated, "The acquisition of this additional milling capacity will ensure that we will be able to continue our production expansion plans unhindered by shortages of processing equipment as new mines are brought online. Our technical team has demonstrated that they can bring new discoveries through drilling, engineering and into production in under 24 months and it is management's job to ensure they are not hindered by lack of resources. This mill acquisition goes a long way to fulfilling that commitment."
IMPACT Silver Corp. is a silver focused mining and exploration company operating in Mexico with a producing silver operation at the Royal Mines of Zacualpan, the 200km2 advanced Mamatla Silver District and a portfolio of projects with a producing mill at Zacatecas. Energold Drilling Corp. (TSX VENTURE:EGD - News) who is the contractor for the ongoing drill program, owns 6.6 million shares of IMPACT.
On behalf of the Directors of IMPACT Silver Corp.
Frederick W. Davidson, President, CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Darrell Rader
IMPACT Silver Corp.
Corporate Development
(604) 681-9501
(604) 681-6813 (FAX)
Email: inquiries@IMPACTSilver.com
Website: www.IMPACTSilver.com
--------------------------------------------------------------------------------
Source: IMPACT Silver Corp.
EBAY, yes I once held Great Panther and it did well for a while. After one year, I was at breakeven and then sold. Used the proceeds to buy Impact and OK.V This has worked out very well for me. I may revisit Great Panther after I contact the company.
Read the PR he posted -- with all these exploration targets IPT has much more potential upsoide, not that there is anything wrong with Great Panther.
LC
Hello sumisu.....RE: GREAT PANTHER Resources........
.....Hi sumisu....noticed you used to post messages at the GREAT PANTHER message board and have not for awhile......hoping to see re-ignited spark in the GREAT PANTHER message board and the stock.....Impact Silver appears to be a worthy speculation, but I wonder when you weigh out all the factors....does it have the upside that GREAT PANTHER may have.....if you or any here have any interest in GREAT PANTHER Resources....please stop by the GREAT PANTHER message board and express your outlook........I believe that GOLD is headed towards $1777 and SILVER towards $33 over the next years......what do you think?
IMPACT Silver Exploration Summary
Thursday January 10, 7:18 pm ET
http://biz.yahoo.com/ccn/080110/200801100435654001.html?.v=1
silver,
My neighbor gave me Impact and OK.V on a hunch.
I always listen to her now.
sumi
Nice!
Impact continues to deliver. It's sad that so many silver producers cannot produce a profit at these prices. But Impact not only does that but makes great discoveries as well! Happy to be a shareholder.
And the fact that so many others can't make a profit at current levels means that silver is certainly headed higher from here and Impact will outperform as a result.
Impact Silver Announces New Silver Discoveries at Mamatla
Tuesday December 4, 5:33 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 4, 2007) - IMPACT Silver Corp. (TSX VENTURE:IPT - News; "IMPACT") is pleased to announce the discovery of several new silver prospects in the Mamatla District. The wholly-owned 200 square-kilometer Mamatla District is located southwest of and immediately adjacent to the Royal Mines of Zacualpan. Mamatla is host to both epithermal veins and volcanogenic massive sulphide deposits. Field work has demonstrated that some of the veins exploited within the Royal Mines of Zacualpan project extend onto the eastern portion of the Mamatla District. Most of the prospects described below are within trucking distance from the operating mill at Zacualpan.
Field crews began prospecting and sampling at Mamatla immediately after IMPACT won the project in a government auction earlier this year. Much like at Zacualpan, the majority of the targets have historical workings that stopped due to groundwater. These targets will be advanced towards drilling in 2008.
SAN CARLOS AREA PROSPECTS
The ruins of the large historic San Carlos processing plant are located 13 kilometers southwest of IMPACT's operating Zacualpan processing plant. The San Carlos plant appears to have served as a central facility for processing minerals from local mines. At the site, IMPACT crews found seven piles of mineralized rocks varying from 20 - 500 tonnes in size. Samples from these rock piles assayed between 0.06 - 2.12% copper, 0.1 - 17.55% zinc, 0.1 - 11.45% lead, 46 - 836g/t silver and 0.2 - 8.65g/t gold. With the belief that these piles represent mineral collected from various nearby old mines, IMPACT crews began prospecting the surrounding countryside and discovered numerous old mine workings. Samples from some of the first workings discovered are reported below.
PIRUL PROSPECT
The Pirul Prospect is comprised of old mine shafts and adits located 1 kilometer north of the San Carlos plant. Samples from the workings returned the following values:
[summary in following link]
http://biz.yahoo.com/ccn/071204/200712040429682001.html?.v=1
OT: Sumisu, I don't have the membership to allow me to reply privately on your board, so I have to express my thanks for your PM here. I always appreciate knowing someone is enjoying the fruits of my labour.
If you want to read way too many mining-related PRs and articles, check out this board of mine -- http://siliconinvestor.advfn.com/subject.aspx?subjectid=57070
LC
IMPACT Announces Operating Earnings of $358,000
Friday November 23, 2:17 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 23, 2007) - IMPACT Silver Corp. (TSX VENTURE:IPT - News; "IMPACT" or "the Company") is pleased to announce its results for the quarter ended September 30, 2007. The Company's consolidated financial statements include the results of Royal Mines of Zacualpan Project ("Zacualpan") that was purchased on January 16, 2006 and resumed production on January 18, 2006.
Results for the quarter reflected slightly lower revenues, $1,603,907 compared to $1,676,896 in the prior quarter, due to third quarter weakness in silver and zinc prices. The Company was able to further reduce operating costs per tonne to $38.34 with the result that mine operating earnings were $358,117 or only $14,749 lower than the second quarter.
After recording foreign exchange adjustments of $394,086 and a stock-based compensation expense of $140,986, the Company incurred a small loss for the year to date of $68,344 compared to a profit of $242,404 for 2006. The loss for the quarter was $287,322 ($0.01 per share) after stock-based compensation expense of $140,986 and foreign exchange losses totalling $175,608.
In the third quarter of 2007, IMPACT increased the throughput at the Zacualpan mill averaging 296 tonnes per day ("tpd") for the quarter as part of the program to bring production up to the current mill's capacity of approximately 500 tpd. Programmed underground development for the last nine months resulted in higher production of lead and zinc, while silver grades generally have declined. Commencing in late fall, development production from El Chivo and in early 2008 the San Ramon mines are expected to improve silver throughput.
Quarterly Comparison (t equals tonnes)
[continued in following link]
http://biz.yahoo.com/ccn/071123/200711230427524001.html?.v=1
Terrific article, thanks for posting. Impact remains severely undervalued IMO despite its recent outperformance.
Ten silver stocks and ETF outperforming the majority
A grouping of ten silver stocks (of some 50), plus the silver ETF, have broken out in a front pack, leaving others lagging some way behind.
Author: Barry Sergeant
Posted: Wednesday , 07 Nov 2007
JOHANNESBURG -
Despite silver breaking out in the past couple of trading days to change hands at multi-generational highs, the average listed silver stock is trading at more than 20% off its 12-month high. Similar trend and trading patterns are reflected in listed gold stocks, and in both cases, various fingers point to the growing influence of ETFs.
The official launch of the silver ETF in May 2006 cast a pall over the silver stocks sector. Up to that point, silver stocks were indeed trading at premiums to both North American gold and base metal stocks. Before the end of 2006, the ETF had attracted more than 120m ounces of silver, about 50% more than analysts had anticipated.
True to form, the iShares Silver Trust ETF (AMEX: SLV, $153.89) has broken through record highs in current trading sessions, confirming early analysis that a good number of investors prefer silver metal alone. Such an investment avoids the multiplicity of risks inherent in allocating cash directly into a silver mining stock, which, in turn, have to offer specific characteristics to continue attracting investors.
Stock price trading patterns show that about ten listed silver stocks have broken into a front pack, characterized by the phenomenon of making fresh price highs in sympathy with silver metal. The list includes the world's biggest silver producer, Penoles (MEX: PNSLF, P237.15 a share), along with other heavyweights such as Hecla Mining (HL, $11.67), Hochschild Mining (HOC.L, £4.87), Pan American Silver (PAAS, $37.25), Silver Wheaton (SLW, $18.20), and emerging producer Silver Standard (SSRI, $47.91).
This exclusive group is joined, in terms of performance, by relative lightweights Excellon Resources (EXN.V, C$1.98), Fortuna Silver Mines (FVI.V, C$3.85), and Impact Silver (IPT.V, C$2.01) - all three are producers - and just a single developer, Orko Silver (OK.V, C$2.04). Among heavyweights, Coeur d'Alene (CDE, $4.59) stands out as underperforming its peer group.
Silver has come a long way in the past few years. The silver price averaged $11.55/oz in 2006, some 58% higher than 2005 levels; this year, the increase to date stands at 24%, setting the metal up for the seventh consecutive year of gains. The increase, led by rising investment demand, has recently seen the silver price successively record its highest levels since 1980, with a break through $16/oz during most recent trading sessions.
Silver's ongoing successes cannot be understated. For many years, the metal's fundamentals have toiled under the uncertainty of initial and remaining levels of above-ground silver supply held, mostly, by China, Russia, and India. This story perked up during the past decade, given a significant drawdown of above-ground stockpiles over the period to meet the annual excess of global demand over new mine supply.
In recent months, there have been signs of investors once again returning to silver stocks. The iShares Silver Trust ETF has registered a relatively modest increase in terms of metal purchased, with an increase from 121m ounces at end-2006, to 138m ounces this year, based on latest figures. By the same token, there are more recent indications that the big heavyweight silver stocks are mopping up a good chunk of investor capital allocated to silver, whether metal or stocks.
Selected silver stocks
[continued in following link]
http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=39421&sn=Detail
Press Release Source: IMPACT Silver Corp.
IMPACT Silver Corp.: Appointment of Additional Director and Granting of Stock Option
Tuesday October 23, 6:26 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 23, 2007) - IMPACT Silver Corp. (TSX VENTURE:IPT - News) is pleased to announce that Peter Tredger has been appointed as an additional director of the Company.
ADVERTISEMENT
Mr. Tredger is currently a Vice President of Thompson Creek Metals Company Inc. and has been a senior officer of Blue Pearl Mining/Thompson Creek since 2004. He is a professional engineer with 35 years of mining industry experience, including senior management positions with Glencairn Gold Corp. from 2002 to 2004, and Wheaton River Minerals Ltd. from 1992 to 2001. Previously, Mr. Tredger was an independent mining consultant, and for 11 years was employed by Amax Inc. in a variety of technical and management positions, prior to which he was an exploration geologist.
Mr. Tredger has been granted a director's incentive stock option under IMPACT's Stock Option Plan exercisable for 75,000 shares of IMPACT. The option is exercisable on or before October 22, 2012 at a price of $1.67 per share.
IMPACT Silver Corp. is a Tier 1 silver-focused mining and exploration company with a producing silver operation at Zacualpan, Mexico; an advanced project at Zacatecas, Mexico; and other projects in the Dominican Republic. Energold Drilling Corp. (TSX VENTURE:EGD - News) owns 6.6 million shares of IMPACT.
On behalf of the Directors of IMPACT Silver Corp.,
Frederick W. Davidson, President, CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Darrell Rader
IMPACT Silver Corp.
Corporate Development
(604) 681-9501
(604) 681-6813 (FAX)
Email: inquiries@IMPACTSilver.com
Website: www.IMPACTSilver.com
--------------------------------------------------------------------------------
Source: IMPACT Silver Corp.
Press Release Source: IMPACT Silver Corp.
IMPACT Silver Receives $5 Million From Exercise of Warrants
Monday October 15, 6:06 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 15, 2007) - IMPACT Silver Corp. ("IMPACT") (TSX VENTURE:IPT - News) is pleased to announce that a total of 4,509,272 share purchase warrants expiring on October 6, 2007 have been exercised for cash proceeds of approximately $5.8 Million to the Company. This has increased IMPACT's total cash and term deposits in excess of $9.5 Million. All of the cash and cash equivalents are held in bank secured investments. IMPACT holds no commercial paper. IMPACT currently has 47,258,710 issued and outstanding shares.
ADVERTISEMENT
The funds will be employed toward the continued expansion of production, the ongoing drilling program as well as potential acquisitions.
IMPACT Silver Corp. is a silver focused mining and exploration company with a producing silver operation at Zacualpan, Mexico, an advanced project with a producing mill at Zacatecas, Mexico, and other projects in the Dominican Republic. Energold Drilling Corp. (TSX VENTURE:EGD - News) owns 6.6 million shares of IMPACT.
On behalf of the Directors of IMPACT Silver Corp.,
Frederick W. Davidson, President, CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Darrell Rader
IMPACT Silver Corp.
Corporate Development
(604) 681-9501
(604) 681-6813 (FAX)
Email: inquiries@IMPACTSilver.com
Website: www.IMPACTSilver.com
--------------------------------------------------------------------------------
Source: IMPACT Silver Corp.
IMPACT Silver Announces Zacatecas Sampling Results
Thursday October 4, 1:32 pm ET
http://biz.yahoo.com/ccn/071004/200710040417286001.html?.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 4, 2007) - IMPACT Silver Corp. ("IMPACT") (TSX VENTURE:IPT - News) is pleased to announce results from an initial sampling program undertaken on the wholly-owned Nueva Granada and Asturiana concessions in the Zacatecas Silver District.
The concessions cover both the San Jose Vein and the Armado Vein, which are branches of the Veta Grande vein system. Historically, the Zacatecas Silver District has produced over one billion ounces of silver, of which the Veta Grande vein system was the largest contributor. Historical mine plans indicate that these two veins on IMPACT's concessions were mined along a length of 800m and to a depth of 150-200m.
SAN JOSE VEIN
The San Jose Vein crosses the concessions over a distance of 800m. Old mine workings and dumps mark the surface along its entire width. A total of six channel samples were collected from surface exposures of the vein and averaged 239g/t silver over 0.74m true width ("TW"), ranging to a high of 444g/t silver over 1.10m TW. Five old mine dumps were also sampled along the vein. Two samples were collected at each dump site. The average of the five sulphide-bearing samples was 407g/t silver, ranging to a high of 1,070g/t silver. The average of five sulphide-poor samples was 141g/t silver, ranging to a high of 390g/t silver.
ARMADO VEIN
The Armado Vein trends 100m west of and runs parallel to the San Jose Vein. It has been traced over a distance of 500m and is marked by old mine workings and dumps along its entire length. Channel samples collected from surface exposures of the vein located 130m apart assayed 237g/t silver over 1.92TW and 1,320g/t silver over 0.30mTW. Two samples were collected at an old mine dump on the vein located 400m to the north. A sulphide-bearing sample assayed 358g/t silver and a sulphide-poor sample assayed 247g/t silver.
Several splay veins branch off the main Armado Vein. A channel sample from a splay vein in the southern portion of the concessions assayed 188g/t silver over 1.04m TW. At this location, a sulphide-bearing sample from the old mine dump assayed 556g/t silver and a sulphide-poor sample assayed 54g/t silver.
IMPACT has an option to purchase a 200-tonne-per-day processing plant that is located in the center of the Zacatecas Silver District and six kilometers south of the concessions. Presently, the plant is being operated on a custom milling basis for local miners.
Based upon the encouraging results from this initial field work and the concessions' close proximity to the processing plant, a first phase drill program is being planned.
Edward Lyons, P.Geo., a Qualified Person under the meaning of Canadian National Instrument 43-101, is responsible for the technical content of this news release. Chip and channel samples were collected from cleaned rock faces over a continuous representative interval using a chisel and hammer. A total of 5% assay standards and blanks were inserted into every sample shipment as a quality control measure. All samples were shipped to the ALS Chemex preparation laboratory in Guadalajara, Mexico, where they were fine crushed (70% passing a 2mm screen), pulverized (85% passing a 75 micron screen) and pulp split separated for assay by a riffle splitter. These pulps were shipped to the ALS Chemex laboratory in North Vancouver, Canada, where a 30-gram split of each was assayed for gold and silver by standard fire assay and a 10-gram split was analysed for an additional 30 elements by ICP spectrometry.
IMPACT Silver Corp. is a silver focused mining and exploration company with a producing silver operation at Zacualpan, Mexico, an advanced project with a producing mill at Zacatecas, Mexico, and other projects in the Dominican Republic. Energold Drilling Corp. (TSX VENTURE:EGD - News) owns 6.6 million shares of IMPACT.
On behalf of the Directors of IMPACT Silver Corp.
Frederick W. Davidson, President & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Darrell Rader
IMPACT Silver Corp.
Corporate Development
(604) 681-9501
(604) 681-6813 (FAX)
Email: inquiries@IMPACTSilver.com
Website: http://www.IMPACTSilver.com
--------------------------------------------------------------------------------
Source: IMPACT Silver Corp.
Press Release Source: IMPACT Silver Corp.
IMPACT Silver Announces New Silver Discoveries at the Royal Mines of Zacualpan
Tuesday September 25, 5:00 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 25, 2007) - IMPACT Silver Corp. ("IMPACT") (TSX VENTURE:IPT - News) is pleased to announce the discovery of the San Patricio Zone and the Cuchara Mine Extension at the Royal Mines of Zacualpan Silver District in Mexico. These results are part of a 10,000-metre drill program ongoing in 2007.
SAN PATRICIO ZONE
The San Patricio Vein is located 3 km southeast of the main mill and 600m west of the Chivo Silver Shoot in the Royal Mines of Zacualpan Silver District. It is a branch vein off the main Lipton Vein system which is host to the flagship Guadalupe mine. On surface, it is marked by an old adit. Four recently completed drill holes returned the following assays:
-------------------------------------------------------------------------
SAN PATRICIO DRILL HOLES
-------------------------------------------------------------------------
DRILL TOP OF ESTIMATED SILVER GOLD ZINC LEAD
HOLE No. INTERCEPT (m) TRUE WIDTH (m) (g/t) (g/t) (%) (%)
-------------------------------------------------------------------------
Z07-25 76.1 2.9 152 0.41 2.16 1.91
--------------------------------------------------------------
Including: 0.4 121 0.68 6.92 8.88
-------------------------------------------------------------------------
Z07-26 89.3 4.6 242 0.37 0.63 0.31
--------------------------------------------------------------
Including: 0.6 633 0.50 0.27 0.16
-------------------------------------------------------------------------
Z07-27 117.6 0.4 369 0.12 0.88 0.20
-------------------------------------------------------------------------
Z07-28 163.3 0.6 935 0.33 2.14 0.48
-------------------------------------------------------------------------
Little is presently known about this nascent discovery. It is open for expansion to the southeast, northwest and down dip. A second phase drill program is being planned for this new zone in the near future. This zone is of particular interest due to its proximity to the Chivo Silver Shoot which is being prepared for near term production (see IMPACT news release dated September 20, 2007).
CUCHARA EXTENSION
The Cuchara Mine is located 3 km east of the mill. The main shoot has been mined intermittently for hundreds of years and was last in production in 2004. Recent drilling tested the southern extension of the Cuchara Vein system beyond historic mining areas and returned the following values:
-------------------------------------------------------------------------
CUCHARA EXTENSION DRILL HOLES
-------------------------------------------------------------------------
DRILL TOP OF ESTIMATED SILVER GOLD ZINC LEAD
HOLE No. INTERCEPT (m) TRUE WIDTH (m) (g/t) (g/t) (%) (%)
-------------------------------------------------------------------------
Z07-29 107.5 2.2 641 0.02 1.67 0.53
--------------------------------------------------------------
Including: 0.6 1,340 0.02 2.27 0.80
-------------------------------------------------------------------------
Z07-30 18.8 1.5 229 0.07 1.17 0.35
-------------------------------------------------------------------------
Z07-31 33.5 0.2 863 0.11 6.04 1.20
-------------------------------------------------------------------------
Mapping and prospecting has identified a cluster of at least ten other veins with old workings in this area. Data compilation and surface work is continuing in preparation for further drilling of the Cuchara Vein extension and other nearby veins.
George Gorzynski, P.Eng. and Nigel Hulme, P.Geo., Qualified Persons under the meaning of Canadian National Instrument 43-101, are responsible for the technical content of this news release. Drill core was NTW size (5.71 cm diameter) and BTW size (4.20 cm diameter). Half core samples were collected with a rock saw and tagged for identification. All samples were securely stored at the IMPACT base camp until shipment. A total of 5% assay standards and blanks were inserted into every sample shipment as a quality control measure. All samples were shipped to the ALS Chemex preparation laboratory in Guadalajara, Mexico, where they were fine crushed (70% passing a 2mm screen), pulverized (85% passing a 75 micron screen) and pulp split separated for assay by a riffle splitter. These pulps were shipped to the ALS Chemex laboratory in North Vancouver, Canada, where a 30-gram split of each was assayed for gold and silver by standard fire assay and a 10-gram split was analysed for an additional 30 elements by ICP spectrometry.
IMPACT Silver Corp. is a silver focused mining and exploration company operating in Mexico with a producing silver operation at Zacualpan, an advanced project with a producing mill at Zacatecas and the 200 km2 advanced Mamatla Silver District. Energold Drilling Corp. (TSX VENTURE:EGD - News) who was the contractor for the drill program, owns 6.6 million shares of IMPACT.
On behalf of the Directors of IMPACT Silver Corp.
Frederick W. Davidson, President & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Darrell Rader
IMPACT Silver Corp.
Corporate Development
(604) 681-9501
(604) 681-6813 (FAX)
Email: inquiries@IMPACTSilver.com
Website: www.IMPACTSilver.com
--------------------------------------------------------------------------------
Source: IMPACT Silver Corp.
Why the silver price is set to soar
Tuesday 25th September 2007
http://www.moneyweek.com/file/28810/why-the-silver-price-is-set-to-soar.html
.
IMPACT Silver Corp. Commences Construction of Third Mine and Increases Production
Thursday September 20, 6:12 pm ET
http://biz.yahoo.com/ccn/070920/200709200414590001.html?.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 20, 2007) - IMPACT Silver Corp. ("IMPACT") (TSX VENTURE:IPT - News) is pleased to announce both the commencement of construction activities at the new high-grade silver Chivo Mine as well as an increase in production throughput to 300 tonnes per day ("tpd") at the Royal Mines of Zacualpan Silver District, Mexico.
CHIVO MINE
Permitting is now complete and groundbreaking has begun to put the new Chivo Mine into production. Chivo will be the third producing mine at the Royal Mines of Zacualpan Silver Project and the second put into production by the IMPACT team. The Chivo Mine is located in the central part of the district. Underground access is expected to reach the main Chivo Silver Shoot in late October. Once there, development work will commence to open multiple headings on the mineralization, creating development muck that will be processed in the mill. Production from stoping will commence at 60 tpd in early 2008 and will significantly boost IMPACT's overall silver production.
Chivo was discovered in 2005 when IMPACT crews found high-grade veins in old mine workings (see IMPACT news release dated September 7, 2005). Samples from the veins assayed 1,095g/t silver and 0.38g/t gold across 1.25m true width ("TW") in the workings and 2,640g/t silver and 1.36g/t gold across 0.85m on surface.
Two subsequent drill programs consisting of 18 holes returned highlights of 937g/t silver, 0.35g/t gold, 1.88% zinc and 0.75% lead across 2.7m TW (Drill hole Z-06-10) and 378g/t silver, 0.30g/t gold, 4.25% zinc and 1.76% lead across 4.7m TW (Drill hole Z07-03) (See IMPACT news releases dated October 12, 2006 and July 12, 2007). This drilling outlined a silver shoot measuring 100m horizontal by 220m down dip which remains open for expansion to the northeast and southwest. The program also discovered a possible second shoot, the Chivo Northeast Zone, with four holes which returned highlight results of 451g/t silver, 0.43g/t gold, 3.86% zinc and 1.32% lead across 1.4m TW.
As part of the ongoing 10,000m drill program, surface drilling is further outlining extensions of the Chivo Northeast Zone and several nearby parallel veins. Underground drilling to further expand the main Chivo Silver Shoot is being done by IMPACT's wholly-owned underground drill. IMPACT geologists believe that the cluster of veins in the Chivo area will form the basis for another significant mining hub in the Royal Mines of Zacualpan.
THREE HUNDRED TONNES PER DAY PRODUCTION ACHIEVED
IMPACT's two existing mines, the Guadalupe and Gallega Mines, have achieved consistent production of 300 tpd, more than double the original production level of 145 tpd when the Royal Mines of Zacualpan was purchased by IMPACT in January 2006. It is IMPACT's goal to achieve production of 500 tpd before the end of next year. Production increases are anticipated to come from the Chivo Mine when it comes on line, expanded production in the other existing mines and two other zones being assessed for near term production.
Frederick W. Davidson, President and CEO of IMPACT, said: "This is an important milestone within our overall growth strategy. In 18 months we increased production from 145 tpd to 300 tpd. We're making excellent progress on the ground towards our near term goal of ramping up production at the Royal Mines of Zacualpan to 500 tpd."
George Gorzynski, P.Eng. and Nigel Hulme, P.Geo., Qualified Persons under the meaning of Canadian National Instrument 43-101, are responsible for the technical content of this news release. Drill core was NTW size (5.71cm diameter) and BTW size (4.20cm diameter). Half core samples were collected with a rock saw, tagged for identification and securely stored at the IMPACT base camp until shipment. Chip and channel samples were collected from cleaned rock faces in old mine workings and from bedrock outcrops over a continuous representative interval using a moil and hammer. A total of 5% assay standards and blanks were inserted into every sample shipment as a quality control measure. All samples were shipped to the ALS Chemex preparation laboratory in Guadalajara, Mexico, where they were fine-crushed (70% passing a 2mm screen), pulverized (85% passing a 75 micron screen) and pulp split separated for assay by a riffle splitter. These pulps were shipped to the ALS Chemex laboratory in North Vancouver, Canada, where a 30-gram split of each was assayed for gold and silver by standard fire assay and a 10-gram split was analysed for an additional 30 elements by ICP spectrometry.
IMPACT Silver Corp. is a silver focused mining and exploration company with a producing silver operation at the Royal Mines of Zacualpan, Mexico, an advanced project with a producing mill at Zacatecas, Mexico, and other projects in the Dominican Republic. Energold Drilling Corp. (TSX VENTURE:EGD - News) who was the contractor for the drill programs, owns 6.6 million shares of IMPACT.
On behalf of the Directors of IMPACT Silver Corp.
Frederick W. Davidson, President & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Darrell Rader
IMPACT Silver Corp.
Corporate Development
(604) 681-9501
(604) 681-6813 (FAX)
Email: inquiries@IMPACTSilver.com
Website: http://www.IMPACTSilver.com
--------------------------------------------------------------------------------
Source: IMPACT Silver Corp.
Impact Silver Announces New Discovery at the Royal Mines of Zacualpan
Tuesday September 18, 5:38 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 18, 2007) - IMPACT Silver Corp. ("IMPACT") (TSX VENTURE:IPT - News) is pleased to announce a new discovery on the San Antonio Target within the Royal Mines of Zacualpan Silver District. Recent drilling returned the highest zinc and lead grades with significant gold and silver mineralization encountered by IMPACT to date. These results are part of the 10,000m drill program budgeted for 2007.
The San Antonio zone is located 4km southeast of the Zacualpan mill. On surface, it is marked by a glory hole measuring 45m x 3m x 30m deep, two adits and a foundation for an old processing plant. The mineralized intercepts occur below the water table, which appear to have been left undisturbed by historic mining. Highlights of the recent eleven-hole drill program include:
[continued in following link]
http://biz.yahoo.com/ccn/070918/200709180413952001.html?.v=1
CORRECTION FROM SOURCE-IMPACT Silver Corp.: Stock Options
Wednesday September 5, 6:44 pm ET
http://biz.yahoo.com/ccn/070905/200709050411572001.html?.v=2
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 5, 2007) - A correction from source is issued with respect to the release issued today at 5:05 pm ET. In the 2nd paragraph, the date July 12, 2007 has been changed to July 17, 2007. The correct release follows:
IMPACT Silver Corp. (TSX VENTURE:IPT - News) announces that it has granted incentive stock options under its Stock Option Plan to directors, officers, employees and consultants exercisable for 1,080,000 shares of IMPACT. The options are exercisable on or before September 5, 2012 at a price of $1.40 per share.
IMPACT also announces that further to its news release dated July 17, 2007, IMPACT is not proceeding with the options set out therein.
IMPACT Silver Corp. is a Tier 1 silver-focused mining and exploration company with two producing silver mines at Zacualpan, Mexico; exploration rights to two Mexican mining districts, an advanced-stage silver project at Zacatecas, Mexico; and, other projects in the Dominican Republic. Energold Drilling Corp. (TSX VENTURE:EGD - News) owns 6.6 million shares of IMPACT.
On behalf of the Directors of IMPACT Silver Corp.
Frederick W. Davidson, President & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Darrell Rader
IMPACT Silver Corp.
Corporate Development
(604) 681-9501
(604) 681-6813 (FAX)
Email: inquiries@IMPACTSilver.com
Website: http://www.IMPACTSilver.com
--------------------------------------------------------------------------------
Source: IMPACT Silver Corp.
IMPACT Announces Second Quarter Results
Monday August 27, 8:00 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 27, 2007) - IMPACT Silver Corp. (TSX VENTURE:IPT - News; "IMPACT" or "the Company") is pleased to announce its results for the quarter ended June 30, 2007. The Company's consolidated financial statements include the results of the Royal Mines of Zacualpan Project ("Zacualpan") that was purchased on January 16, 2006 and resumed production on January 18, 2006. For the 2007 second quarter, the Company's net revenues were $1,677,000 (2006 - $1,977,000) and net loss of $48,000 (2006 - $103,000). Year to date net revenues were $3,536,000 compared to $3,124,000 for the same period in 2006 with net earnings of $219,000 compared to $75,416 in the first half of 2006. The Company's loss for the quarter included a provision for foreign exchange losses of $172,000 compared to a gain in the comparative period in 2006 of $158,000.
The comparative results for the second quarter of 2006 have been restated in accordance with the recommendations contained in CICA handbook 1506.42. While there has been no change to the net income for the 2006 year, there was a significant timing difference and its impact on net income for the comparative 2006 second quarter earnings as a result of the restatement of the forward sales contract liability incurred during the acquisition of the Zacualpan mine.
In the second quarter of 2007, the Company achieved higher levels of throughput at the Zacualpan mine, averaging 279 tonnes-per-day ("tpd"). The amount of silver produced in the quarter was 13% lower, however production in lead increased 95% and zinc by 74% over the comparable quarter in 2006. The number of total tonnes processed also increased by 75%.
Production
[continued in following link]
http://biz.yahoo.com/ccn/070827/200708270409612001.html?.v=1
sumisu happy to have you aboard! I've added you as an assitant so please feel free to update the ibox and do whatever else you think needs help. Unfortunately I don't have a lot of time to manage the boards I do, just thought I would start them as ihub was severely lacking in not having them. So your help is much appreciated!
IMPACT Silver Announces Chivo Drill Results
Thursday July 12, 6:50 pm ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 12, 2007) - IMPACT Silver Corp. ("IMPACT") (TSX VENTURE:IPT - News) is pleased to announce drill results from the Chivo Silver Shoot, as well as a new discovery named Chivo Northeast Zone at the Royal Mines of Zacualpan Silver Project, Mexico. These are the initial results from the first area tested in our 2007 Zacualpan 10,000m drill program.
CHIVO SILVER SHOOT
The Chivo Silver Shoot is located in the southern part of the Zacualpan silver district. Field sampling by IMPACT personnel in 2005 found a main vein and splay in old mine workings at Chivo (see news release dated September 7, 2005). Samples from the western vein assayed 1,095g/t silver and 0.38g/t gold across 1.25m true width in the workings and 2,640g/t silver and 1.36g/t gold across 0.85m on surface. Highlights of an initial drill program in 2006 returned an intercept of 937g/t silver over 2.7m including 2,380g/t silver and 4.83% zinc over 0.7m (see news release dated October 12, 2006).
The 2007 drill program at Chivo was designed to test the outer limits of the high grade silver shoot for mine planning purposes. Significant results from recent holes drilled at Chivo are as follows:
[continued in following link]
http://biz.yahoo.com/ccn/070712/200707120402135001.html?.v=1
Press Release Source: IMPACT Silver Corp.
IMPACT Announces Continuing Improvement in Operations
Wednesday May 30, 4:58 pm ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 30, 2007) - IMPACT Silver Corp. (TSX VENTURE:IPT - News; "IMPACT" or "the Company") is pleased to announce its results for the quarter ended March 31, 2007. The Company's consolidated financial statements include the results of Royal Mines of Zacualpan Project ("Zacualpan") that was purchased on January 16, 2006 and resumed production on January 18, 2006. For the 2007 first quarter, the Company's net revenues were $1,859,000 (2006 - $1,146,000) and net profit was $266,000 (2006 - $178,000).
The comparative results for the first quarter of 2006 have been restated in accordance with the recommendations contained in CICA handbook 1506.42, as more fully described in Note 15 to the March 31, 2007 Financial Statements. There was no significant impact on net income for the quarter as a result of this restatement of the comparative 2006 first quarter earnings.
In the first quarter of 2007, the Company achieved higher levels of throughput at the Zacualpan mine, averaging 253 tonnes-per-day ("tpd"). While the amount of silver produced in the quarter was 13% lower, production in lead increased 95% and zinc by 74% over the comparable quarter in 2006. The number of total tonnes processed also increased by 75%.
Quarterly Comparison (t equals tonnes)
-----------------------------------------------------------------
Q1 2007 Q1 2006
-----------------------------------------------------------------
Total mill throughput (t) 22,845 13,069
-----------------------------------------------------------------
Average daily mine production (t) 253 145
-----------------------------------------------------------------
Silver Production (oz) 85,606 98,950
-----------------------------------------------------------------
Lead (t) 135.68 69.55
-----------------------------------------------------------------
Zinc (t) 243.58 139.86
-----------------------------------------------------------------
Cdn. $ direct costs (t) $50.97 $49.76
-----------------------------------------------------------------
During the first quarter, mining of medium grade mineral at the Guadalupe Mine continued principally on the 195m Level exploiting the Lipton, Lipton del Bajo Paulina, Intermediate and Liptonia Veins, as well as exploiting the Liptonia Vein on the 140m level.
Success in exploration drilling in 2006 led to the commencement of mining in late 2006 from La Gallega (Salvadora) Mine. Mining began on the high grade Salvadora stopes and in the first quarter also commenced on the Lipton Vein and the recently-discovered San David Vein. Material is transported by truck from La Gallega approximately 500 meters to the mill and is forming an increasingly important source of mill feed.
Fred Davidson, President, stated, "We are pleased to report another profitable quarter while continuing an aggressive exploration and development program as part of our plan to ramp up production at Zacualpan to the current capacity of the mill of 500tpd. In this quarter we were able to not only increase tonnage processed, but also lay the foundation for further production growth."
During the quarter the Company acquired through a Government auction, a 100% interest in the mineral exploration rights to the 200km2 Mamatla mining district, which lies immediately adjacent to the Zacualpan mining district. The acquisition of these exploration rights adds significantly to the overall growth potential and future prospects of the Company.
IMPACT Silver Corp. is a Tier 1 silver-focused mining and exploration company with two producing silver mines at Zacualpan, Mexico; exploration rights to two Mexican mining districts, an advanced-stage silver project at Zacatecas, Mexico; and, other projects in the Dominican Republic. Energold Drilling Corp. (TSX VENTURE:EGD - News) owns 6.6 million shares of IMPACT.
On behalf of the Directors of IMPACT Silver Corp.
Frederick W. Davidson, President & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Darrell Rader
IMPACT Silver Corp.
Corporate Development
(604) 681-9501
(604) 681-6813 (FAX)
Email: inquiries@IMPACTSilver.com
Website: www.IMPACTSilver.com
--------------------------------------------------------------------------------
Source: IMPACT Silver Corp.
Good article on silver.
http://www.moneyweek.com/file/28810/why-the-silver-price-is-set-to-soar.html
Press Release Source: IMPACT Silver Corp.
IMPACT Reports $2.4 Million in Operating Earnings for 2006
Thursday April 19, 2:28 pm ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 19, 2007) - IMPACT Silver Corp. (TSX VENTURE:IPT - News; "the Company") is pleased to announce its results for the year ended December 31, 2006. The Company's consolidated financial statements include the results of Royal Mines of Zacualpan Project ("Zacualpan") that was purchased on January 16, 2006. For the year 2006, the Company's net earnings per share (EPS) were $0.03.
FULL YEAR RESULTS (CDN$ 000'S EXCEPT PER-SHARE AMOUNTS)
----------------------------------------------
Full Year, 2006
----------------------------------------------
Revenue 7,006
----------------------------------------------
Mine Operating Earnings 2,407
----------------------------------------------
Net Income 973
----------------------------------------------
Earnings per Share - basic 0.03
----------------------------------------------
- diluted 0.02
----------------------------------------------
The Company's first full day of production was January 18, 2006. Average mill through-put during the year was 196 tons per day (tpd). Revenues for the 50-week period from January 16, 2006 were $7,005,793. Mine operating earnings for the 50-week period were $2,406,827. Total tonnes mined since January 18 to the end of 2006 are 68,173 tonnes or 16,000 tonnes (30%) more than previous year's production. On site operating costs were $59.55 per tonne.
----------------------------------------------
Full Year, 2006
----------------------------------------------
Total Tons Produced 68,173
----------------------------------------------
Tons Produced per Day 196
----------------------------------------------
Silver Production (Oz) 465,673
----------------------------------------------
Lead (t) 375.43
----------------------------------------------
Zinc (t) 725.20
----------------------------------------------
Cdn.$ direct costs per ton $59.55
----------------------------------------------
REPORT ON MINING OPERATIONS
Guadalupe Mine
During 2006, mining of medium grade mineral at the Guadalupe Mine continued principally on the 195m Level exploiting the Lipton, Lipton del Bajo Paulina, Intermediate and Liptonia Veins. In late 2006, mining also began to exploit the Liptonia Vein on the 140m Level. With the addition of a Mine Geologist and Mine Surveyor, the Guadalupe Mine is being extensively remapped and explored. Material from the Guadalupe Mine is brought to surface on a skip and transported approximately only 100m to the plant. Guadalupe will continue to be a major source of feed for the plant through 2007.
La Gallega (Salvadora) Mine
Success in exploration drilling earlier in the year led to the commencement of mining in November 2006 from the Gallega adit. Mining began on the high grade Salvadora stopes. Subsequent to year end, mining also commenced on the Lipton Vein and the recently discovered San David Vein is now being prepared for production as well. Material is transported by truck from Gallega approximately 500m to the mill and is forming an increasingly important source of mill feed.
San Ramon
At year end 2005, mining by the previous owner was down to Level 8 at the high grade San Ramon Mine. Since January, IMPACT continued mining remnant high grade (2000g/t+ silver) mineral on Level 8 and continued mining medium grade mineral from Levels 7 and 8; both levels are 10 to 12m apart. The ramp reached Levels 9 and 10 and mining from this area was completed during the month of November. Material from San Ramon was brought to surface on a spiral ramp and trucked from the mine to the central processing plant. Further mining from San Ramon will be deferred until a lower adit (a second access) is completed that will significantly reduce underground and surface hauling costs.
In aggregate, the Royal Mines of Zacualpan now employs a proactive approach to operations and maintenance. Immediate results from the changes include improved worker morale, stronger community support, a significant decrease in operating downtime as well as overall improvements in operating costs and metal recoveries. For 2007, an additional US$1 million has been budgeted to be used towards further upgrades, new equipment purchases and expansion of the operations.
IMPACT Silver Corp. is a Tier 1 silver focused Mexican mining and exploration company with two producing silver mines at the 125 km2 Royal Mines of Zacualpan silver district; a 100% interest in the 200km2 Mamatla silver district; and seventeen advanced-stage silver projects, along with an option to purchase a producing mill at Zacatecas. Energold Drilling Corp. (TSX VENTURE:EGD - News) owns 6.6 million shares of IMPACT.
Frederick W. Davidson, President, CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Darrell Rader
IMPACT Silver Corp.
Corporate Development
(604) 681-9501
(604) 681-6813 (FAX)
Email: inquiries@IMPACTSilver.com
Website: www.IMPACTSilver.com
--------------------------------------------------------------------------------
Source: IMPACT Silver Corp.
Press Release Source: IMPACT Silver Corp.
IMPACT Silver Announces Property Acquisitions in Zacatecas
Wednesday April 11, 4:57 pm ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 11, 2007) - IMPACT Silver Corp. ("IMPACT") (TSX VENTURE:IPT - News) is pleased to announce that it has acquired two new concessions in the Zacatecas Silver District of Mexico. The Nueva Granada and Asturiana acquisitions are for 100% interests in each concession with no underlying royalties.
ADVERTISEMENT
The concessions cover most of the Nueva Granada vein which is part of the Veta Grande vein system. Historically, the Zacatecas Silver District has produced over 1 billion ounces of silver and the Veta Grande vein system was the largest producer in the district. Past production figures from the Nueva Granada vein are not available, but old plans indicate that it was mined along a length of 700m and to a depth of 150-200m.
In addition, the concessions contain about 30,000 tonnes of old mine dumps. In 2003, it was reported that 12,000 tonnes from these dumps were processed, returning an average grade of 220g/t silver. This material was processed in the Veta Grande plant, which IMPACT controls through an option to purchase agreement.
IMPACT management is pleased to have added these two key historic concessions to its property holdings in Zacatecas. With these purchases, IMPACT now controls 17 concessions in the Zacatecas area, continuing its strategy of building its portfolio of properties to provide future mineral supplies to feed the Veta Grande plant.
George Gorzynski, P. Eng., a Qualified Person under the meaning of Canadian National Instrument 43-101 and Vice President, Exploration of IMPACT Silver Corp., is responsible for the technical content of this news release.
IMPACT Silver Corp. is a profitable Tier 1 silver exploration and mining company with two producing silver mines at Zacualpan, Mexico; a portfolio of advanced-stage silver project at Zacatecas, Mexico; the 200 km2 Mamatla silver district in Mexico; and, other projects in the Dominican Republic. Energold Drilling Corp. (TSX VENTURE:EGD - News) owns 6.6 million shares of IMPACT.
On behalf of the Directors of IMPACT Silver Corp.,
Frederick W. Davidson, President, CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Darrell Rader
IMPACT Silver Corp.
Corporate Development
(604) 681-9501
(604) 681-6813 (FAX)
Email: inquiries@IMPACTSilver.com
Website: www.IMPACTSilver.com
--------------------------------------------------------------------------------
Source: IMPACT Silver Corp.
Press Release Source: IMPACT Silver Corp.
IMPACT Silver Acquires 200km2 Mining District in Mexico
Wednesday February 28, 12:35 pm ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 28, 2007) - IMPACT Silver Corp. ("IMPACT") (TSX VENTURE:IPT - News) is pleased to announce that it has been awarded a 100% interest in the 200km2 Mamatla Mining District through an 'invitation only' auction held by the Mexican Geological Survey. IMPACT's winning bid was US$200,000 payable over two years plus a 1% NSR production royalty payable to the Mexican Geological Survey. Mamatla is IMPACT's third district-scale project. It is located immediately southwest of and adjacent to IMPACT's Royal Mines of Zacualpan Silver Project and production facilities in central Mexico. This acquisition increases IMPACT's mineral concession holdings in the region by 160% to a total of 325km2.
ADVERTISEMENT
The Mamatla Project is host to both epithermal vein systems and volcanogenic massive sulphide (VMS) deposits. IMPACT's initial interest lies in the silver and gold epithermal vein systems which were not the primary focus of past exploration work.
The VMS mineralization known at Mamatla varies from copper and gold rich systems to zinc, lead, gold and silver rich systems. The Mamatla project covers the same stratigraphy as the Campo Morado VMS belt where Farallon Resources has announced a production decision on the G-9 VMS deposit (5.57 million tonnes grading 7.3%Zn, 1.0%Pb, 1.3%Cu, 186g/t Ag and 2.8g/t Au). The G-9 VMS deposit is located along trend 45km southwest of Mamatla.
In the 1990s, Valerie Gold Resources carried out extensive VMS exploration on the eastern half of the Mamatla district. Later, TVX Gold Inc. carried out a small exploration program on a limited part of the area for bulk tonnage epithermal precious metal deposits. This exploration identified over 70 VMS and epithermal prospects including many old mine workings. Some of the main prospects identified are Aurora I, Aurora II, Capire, Sara Ridge, Velixta, Yerba Buena, Tlanipla, Los Mantos, and Cruz Blanca. A major difference between IMPACT's plans for the Mamatla Project and those of Valerie Gold in the 1990s is that IMPACT owns and operates the 500-tonne-per-day (tpd) Zacualpan processing plant within trucking distance of several of the Mamatla deposits and prospects, which significantly lowers the economic threshold for potential future production decisions.
HISTORIC EXPLORATION RESULTS - VMS ZONES
Aurora I is a VMS deposit that in part appears to have been overprinted by epithermal silver mineralization. In the auction bid document publicly released by the Mexican Geological Survey, the Aurora deposit is described with an indicated resource of 194,000 tonnes grading 1.28g/t gold, 180g/t silver, 2.13% lead and 4.45% zinc. Some past drill highlights include:
-------------------------------------------------------------------------
Width Au Ag Pb Zn Cu
Zone (m) g/t g/t % % % Source
-------------------------------------------------------------------------
Aurora I 7.5 0.54 230 3.67 6.71 0.44 See Valerie Gold Press
Release dated April 3,
1997
-------------------------------------------------------------------------
including 1 0.65 693 4.16 6.85 1.28
-------------------------------------------------------------------------
including 1 1.34 353 5.18 10.6 0.67
-------------------------------------------------------------------------
The Capire mine workings are located less than 1km west of Aurora I. The workings consist of six old adits and more than 20 old shafts found over an area measuring 1000m by 200m. In the auction bid document publicly released by the Mexican Geological Survey, the Capire deposit is described with an indicated resource of 1,154,500 tonnes grading 0.22g/t gold, 73g/t silver, 0.45% lead and 1.13% zinc in a near surface zone with potential for open pit mining and open for expansion. Several past drill highlights such as the following indicate that there are also higher grade portions to this deposit:
-------------------------------------------------------------------------
Width Au Ag Pb Zn Cu
Zone (m) g/t g/t % % % Source
-------------------------------------------------------------------------
Capire 4 2.66 430 2.88 7.18 0.35 See Valerie Gold Press
Release dated April 3,
1997
-------------------------------------------------------------------------
6 3.65 2218 2.38 5.67 0.66 See Valerie Gold Press
Release dated May 22,
1996
-------------------------------------------------------------------------
Past drilling also indicated there is significant near surface
mineralization between the Capire and Aurora 1 deposits as indicated by
the following results:
-------------------------------------------------------------------------
Width Au Ag Pb Zn Cu
Zone (m) g/t g/t % % % Source
-------------------------------------------------------------------------
Capire/
Aurora I 38.3 0.24 94.5 0.54 1.26 0.09 See Valerie Gold Press
Release dated July 15,
1996
-------------------------------------------------------------------------
6.9 0.74 476.3 3.26 7.08 0.64
-------------------------------------------------------------------------
8.3 0.33 170.5 0.97 2.95 0.20
-------------------------------------------------------------------------
9.55 3.04 267.7 3.17 5.59 0.52
-------------------------------------------------------------------------
Aurora II is located about 1km southeast of Aurora I. Valerie Gold
concluded it was small deposit with some significant drill results as
follows:
-------------------------------------------------------------------------
Width Au Ag Pb Zn Cu
Zone (m) g/t g/t % % % Source
-------------------------------------------------------------------------
Aurora II 8.6 1.16 480.7 0.93 2.11 0.18 See Valerie Gold Press
Release dated July 15,
1996
-------------------------------------------------------------------------
3.2 1.27 346 1.85 4.34 0.35
-------------------------------------------------------------------------
1 10.8 99 1.48 2.8 0.31 See Valerie Gold Press
Release dated
February 7, 1997
-------------------------------------------------------------------------
2 1.82 247 1.68 3.4 0.26
-------------------------------------------------------------------------
Exploration by Valerie Gold along trend of Capire-Aurora I located the
Tlanipla and Velixtla prospects 3.5km and 4.5km, respectively, northwest
of Capire. Reconnaissance drilling returned highlights of:
-------------------------------------------------------------------------
Width Au Ag Pb Zn Cu
Zone (m) g/t g/t % % % Source
-------------------------------------------------------------------------
Tlanipla 3.1 - 52 1.88 7.55 - See Valerie Gold Press
Release dated April 3,
1997
-------------------------------------------------------------------------
Velixtla 2 - 30 0.01 0.02 2.24
-------------------------------------------------------------------------
This trend is marked by other geophysical and soil geochemical anomalies that remain to be drill tested.
HISTORIC EXPLORATION RESULTS - EPITHERMAL VEIN ZONES
Valerie Gold and TVX Gold Inc. carried out limited exploration for epithermal deposits in the 1990s and identified several significant zones of mineralization northeast of the VMS mineralization trend.
Yerba Buena is located about 3km northeast of Aurora I. It is a zone of siliceous epithermal breccia measuring 50m by 450m+ in cross section. Valerie Gold found that grades increased with depth. The deepest hole drilled in the breccia returned the best values as follows:
-------------------------------------------------------------------------
Width Au Ag Pb Zn Cu
Zone (m) g/t g/t % % % Source
-------------------------------------------------------------------------
Yerba Buena 22.2 0.14 20 0.5 3.64 0.02 See Valerie Gold Press
Release dated April 3,
1997
-------------------------------------------------------------------------
Los Mantos is another epithermal target in the Yerba Buena area.
Reconnaissance drilling returned highlights of:
-------------------------------------------------------------------------
Width Au Ag Pb Zn Cu
Zone (m) g/t g/t % % % Source
-------------------------------------------------------------------------
Los Mantos 1 1 1101 1.51 2.63 0.48 See Valerie Gold Press
Release dated May 22,
1997
-------------------------------------------------------------------------
0.38 0.69 1200 5.78 9.77 2.31
-------------------------------------------------------------------------
Sara Ridge is thought to be a VMS prospect cut by epithermal veins in the
northeastern part of the Mamatla concession. Past drill highlights by
Valerie Gold at Sara Ridge included:
-------------------------------------------------------------------------
Width Au Ag Pb Zn Cu
Zone (m) g/t g/t % % % Source
-------------------------------------------------------------------------
Sara Ridge 4 0.57 374 - - - See Valerie Gold Press
Release dated June 27,
1995
-------------------------------------------------------------------------
Valerie Gold explored and drilled numerous other mineral prospects in the Mamatla project area providing IMPACT with many early stage to advanced targets at which to begin its exploration work.
IMPACT has not independently verified the resource estimates in this news release and the estimates are not compliant with NI 43-101 requirements, therefore they should not be relied upon. IMPACT has also not verified the results of the previous exploration work quoted from news releases of Valerie Gold Resources (now ValGold Resources Ltd.), a TSX Venture Exchange company. These news releases were issued in the 1990s and therefore readers are cautioned that the results, as presented, may not comply with current NI43-101 standards of disclosure. However, IMPACT believes the historical resource estimates and results provide an indication of the potential of the Mamatla Project, and are clearly relevant to IMPACT's decision to purchase the project and to IMPACT's plans for further exploration work.
Management is pleased to have acquired this highly-prospective district and plans to commence exploration immediately. Fred Davidson, President and CEO of the Company, said: "This is a major acquisition for IMPACT. Districts scale projects like Mamatla do not become available often and we are fortunate to have added it to our portfolio. Based on the information available we feel that the project has significant potential and opens a host of new growth opportunities for IMPACT."
George Gorzynski, P.Eng., a Qualified Person under the meaning of Canadian National Instrument 43-101 and Vice President, Exploration of IMPACT Silver Corp., has reviewed the technical content of this news release.
IMPACT Silver Corp. is a Tier 1 silver focused mining and exploration company with two producing silver mines at Zacualpan, Mexico just north of the Mamatla area; an advanced-stage silver project at Zacatecas, Mexico; and, other projects in the Dominican Republic. Energold Drilling Corp. (TSX VENTURE:EGD - News) owns 6.6 million shares of IMPACT.
On behalf of the Directors of IMPACT Silver Corp.
Frederick W. Davidson, President, CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Darrell Rader
IMPACT Silver Corp.
Corporate Development
(604) 681-9501
(604) 681-6813 (FAX)
Email: inquiries@IMPACTSilver.com
Website: www.IMPACTSilver.com
--------------------------------------------------------------------------------
Source: IMPACT Silver Corp.
Press Release Source: IMPACT Silver Corp.
IMPACT Silver Announces Early Stage Drill Results and Commencement of Mining on the Salvadora Vein
Thursday January 25, 6:21 pm ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 25, 2007) - IMPACT Silver Corp. ("IMPACT") (TSX VENTURE:IPT - News) is pleased to announce drill results from the balance of the 2006 surface drill program at the Royal Mines of Zacualpan Silver Project. These results are from the last three early stage exploration areas tested.
PINO PROSPECT
The Pino Prospect is an early stage prospect on the Lipton Vein system. It is located 700m south of the Guadalupe Mine which has historically produced 10 million ounces of silver predominantly from the Lipton Vein. IMPACT continues to mine the Lipton Vein in the Guadalupe Mine today. The Pino Prospect area is marked by a large soil anomaly and sparse old small mine workings. Highlights of drilling on this prospect are as follows:
------------------------------------------------------------------------
PINO PROSPECT DRILL HOLES
------------------------------------------------------------------------
DRILL TOP OF INTERCEPT ESTIMATED SILVER GOLD ZINC LEAD
HOLE No. (m) TRUE WIDTH (m) (g/t) (g/t) (%) (%)
------------------------------------------------------------------------
------------------------------------------------------------------------
18 152.1 0.2 19 0.06 13.10 0.74
------------------------------------------------------------------------
------------------------------------------------------------------------
19 125.5 4.9 8 0.06 1.84 0.59
------------------------------------------------------------------------
Including: 3.3 11 0.05 2.29 0.67
------------------------------------------------------------------------
------------------------------------------------------------------------
20 88.0 0.7 46 1.98 1.52 1.31
------------------------------------------------------------------------
------------------------------------------------------------------------
21 63.6 2.7 84 0.09 2.67 0.64
------------------------------------------------------------------------
Including: 1.7 109 0.11 3.58 0.84
------------------------------------------------------------------------
------------------------------------------------------------------------
83.2 1.1 35 0.11 2.22 0.82
------------------------------------------------------------------------
------------------------------------------------------------------------
95.0 0.3 688 13.65 2.49 9.46
------------------------------------------------------------------------
Drill holes 15, 16, 17 and 22 were drilled outside of the main mineralized area and did not intersect significant values.
This initial test indicates this to be a zinc-rich prospect. The best holes (19 and 21) in this initial test of the area were both drilled near the valley bottom and indicate that zinc values are increasing with depth in the vein structure. Future drilling is planned to test this target at deeper levels below the valley floor.
SALVADORA VEIN
The Salvadora Vein is located in the Gallega Mine about 500m southeast of the processing plant. Based on earlier underground sampling and drilling, mining began underground on the Salvadora Vein in late 2006. As part of the 2006 surface drilling program, mine staff requested the exploration group to drill the upper portions of the Salvadora Vein to determine whether they were also viable for mining. Results were as follows:
------------------------------------------------------------------------
SALVADORA VEIN DRILL HOLES
------------------------------------------------------------------------
TOP OF
DRILL INTERCEPT ESTIMATED SILVER SILVER GOLD ZINC LEAD
HOLE No. (m) TRUE WIDTH (m) (g/t) opt (g/t) (%) (%)
------------------------------------------------------------------------
------------------------------------------------------------------------
24 95.0 0.2 688 20.1 0.32 0.66 0.30
------------------------------------------------------------------------
------------------------------------------------------------------------
25 245.8 0.4 538 15.7 0.12 0.80 0.15
------------------------------------------------------------------------
Including: 0.1 2,120 61.8 0.41 3.12 0.48
------------------------------------------------------------------------
Two other holes intersected low grades.
OSCAR PROSPECT
Two holes were drilled into two other early stage areas in the eastern part of the property. One hole discovered the polymetallic Oscar Vein with results as follows:
------------------------------------------------------------------------
OSCAR VEIN DRILL HOLE
------------------------------------------------------------------------
TOP OF
DRILL INTERCEPT ESTIMATED SILVER SILVER GOLD ZINC LEAD
HOLE No. (m) TRUE WIDTH (m) (g/t) opt (g/t) (%) (%)
------------------------------------------------------------------------
------------------------------------------------------------------------
26 95.0 0.3 2,820 82.3 7.83 7.83 3.48
------------------------------------------------------------------------
Presently, very little is known about this target. More drilling is planned for this new discovery in the near future.
Management is pleased with drill results of these early stage targets and has approved additional drilling for these and other target areas. An initial 5000m of surface drilling is planned at the Royal Mines of Zacualpan Silver Project for the first half of 2007 and will begin on completion of drilling on the Zacatecas projects. The Royal Mines of Zacualpan Silver Project includes two operating silver mines, a 500 tonne per day operating plant (currently operating at about 220 tonnes per day) and associated mineral concessions covering 124.5km2 over most of the Zacualpan Silver District.
George Gorzynski, P.Eng. and Nigel Hulme, P.Geo., Qualified Persons under the meaning of Canadian National Instrument 43-101, are responsible for the technical content of this news release. Drill core was NTW size (5.71cm diameter) and BTW size (4.20 cm diameter). Half core samples were collected with a rock saw, tagged for identification and securely stored at the IMPACT base camp until shipment. A total of 5% assay standards and blanks were inserted into every sample shipment as a quality control measure. All samples were shipped to the ALS Chemex preparation laboratory in Guadalajara (Mexico) where they were fine crushed (70% passing a 2mm screen), pulverized (85% passing a 75 micron screen) and a pulp split separated for assay by a riffle splitter. These pulps were shipped to the ALS Chemex laboratory in North Vancouver Canada where a 30 gram split of each was assayed for gold and silver by standard fire assay and a 10 gram split was analysed for an additional 30 elements by ICP spectrometry.
IMPACT Silver Corp. is a silver focused mining and exploration company with a producing silver operation at Zacualpan (Mexico), a new project with an operating processing plant at Zacatecas (Mexico) and other projects in the Dominican Republic. Energold Drilling Corp. (TSX VENTURE:EGD - News) who was the contractor for the drill program, owns 6.6 million shares of IMPACT.
On behalf of the Directors of IMPACT Silver Corp.
Frederick W. Davidson, President, CEO
The TSX Venture Exchange has neither approved nor disapproved this news release.
Contact:
Darrell Rader
IMPACT Silver Corp.
Corporate Development
(604) 681-9501
(604) 681-6813 (FAX)
Email: inquiries@IMPACTSilver.com
Website: www.IMPACTSilver.com
--------------------------------------------------------------------------------
Source: IMPACT Silver Corp.
Press Release Source: IMPACT Silver Corp.
Impact Silver Announces New Gold and Copper Discoveries at Royal Mines of Zacualpan Silver Project
Thursday January 18, 4:36 pm ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 18, 2007) - IMPACT Silver Corp. ("IMPACT") (TSX VENTURE:IPT - News) is pleased to announce the discovery of significant gold and copper mineralization in the Southwest Sector of the 124 km2 Royal Mines of Zacualpan Silver Project.
IMPACT crews began prospecting in the Southwest Sector in mid-2006 and found many new vein systems. In recent months sampling crews have been opening, clearing and sampling some of the old mine workings in the sector. The first results received are from the Pecheco Vein System where significant assays were found in two historic mine workings.
PECHECO PROSPECT
The Pecheco Prospect is located 5 km southwest of the Zacualpan processing plant. It is marked by a cluster of old mine adits and shafts, most of which are collapsed or blocked. Sampling at the end of one short adit recently opened by IMPACT field workers returned the following values near the end of the adit:
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PECHECO ADIT SAMPLES
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LOCATION ESTIMATED GOLD COPPER SILVER GOLD EQUIVALENT
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TRUE WIDTH (m) (g/t) (%) (g/t) (g/t)
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End of adit 2.7 14.6 0.46 58 17.0
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Including: 1.2 32.4 0.80 106 36.8
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8 m from end of
adit 2.4 5.9 0.70 80 9.4
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Including: 0.9 10.9 1.27 134 17.1
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COBRE PROSPECT
The Cobre Prospect is an adit located on the Pecheco Vein System 3.5 km southeast of the Pecheco Prospect. Samples were collected in five places over the 25 m exposed length of the vein in the adit and returned the following values:
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COBRE ADIT SAMPLES
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LOCATION ESTIMATED GOLD COPPER SILVER GOLD EQUIVALENT
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TRUE WIDTH (m) (g/t) (%) (g/t) (g/t)
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Average of 5
samples along
25 m exposed
length of vein 1.0 1.2 2.34 181 11.3
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including: 0.7 7.0 0.47 475 18.1
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and including 1.2 0.2 7.81 88 23.4
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COPPER AND GOLD EXPLORATION MODEL
IMPACT geologists have been working on an exploration model that suggests there may be a gold and copper district lying underneath the silver district at the Royal Mines of Zacualpan. Historically Zacualpan has been a silver district with secondary zinc and lead mineralization. However, small pockets of copper mineralization have been observed in the deeper levels of some of the mines for many years. The gold and copper mineralization reported in this news release was found in deeply eroded river valleys at lower elevations than the silver mineralization found elsewhere in the Southwest Sector of the district. These observations generated a model which theorizes that gold and copper mineralization may lie at depth below the silver, zinc and lead mineralization of the district.
In order to further test this model, IMPACT geologists examined the Alacran Mine in the southern part of the district. Alacran is one of the deepest former producers in the district with workings extending to depths of over 300 m. Although the mine was closed and allowed to flood several years ago, several large blocks of mineralization extracted from deep levels in the mine were left in a surface dump. IMPACT geologists took a random sample of this pyretic vein material from the dump which assayed 7.03g/t gold, 0.54% copper and 74g/t silver, giving further weight to this new exploration model.
IMPACT is continuing to explore both silver and deep gold-copper targets at the Royal Mines of Zacualpan Project. Field crews are sampling old mine workings found at lower elevations in the Southwest Sector and other target areas elsewhere on the large property. Later, after the planned 2007 program of drilling silver targets is complete, IMPACT plans to test a number of deep gold and copper targets.
Although there is a lot of exploration work yet to be done to determine the extent and economic viability of the gold and copper mineralization at Zacualpan, the results reported in this news release demonstrate that at least two parts of the silver district have gold and copper mineralization at depth. If exploration leads to outlining of economic quantities of gold and copper mineralization, it will complement the silver production from the district and will bring a multi-element mix to the production profile.
George Gorzynski, P.Eng., and Nigel Hulme, P.Geo., Qualified Persons under the meaning of Canadian National Instrument 43-101, are responsible for the technical content of this news release. Chip and channel samples were collected from cleaned rock faces in old mine workings and from bedrock outcrops over a continuous representative interval using a moil and hammer, bagged, sealed and then securely stored at the IMPACT base camp until shipment. A total of 5% assay standards and blanks were inserted into every sample shipment as a quality control measure. All samples were shipped to the ALS Chemex preparation laboratory in Guadalajara (Mexico) where they were fine crushed (70% passing a 2mm screen), pulverized (85% passing a 75 micron screen) and a pulp split separated for assay by a riffle splitter. These pulps were shipped to the ALS Chemex laboratory in North Vancouver, Canada, where a 30-gram split of each was assayed for gold and silver by standard fire assay and a 10-gram split was analyzed for an additional 30 elements by ICP spectrometry. Samples high in zinc, lead or copper were then wet assayed to determine their values.
IMPACT Silver Corp. is a silver focused mining and exploration company with a producing silver operation at Zacualpan (Mexico), a new project with an operating processing plant at Zacatecas (Mexico) and other projects in the Dominican Republic. Energold Drilling Corp. (TSX VENTURE:EGD - News) owns 6.6 million shares of IMPACT.
On behalf of the Directors of IMPACT Silver Corp.
Frederick W. Davidson, President & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Darrell Rader
IMPACT Silver Corp.
Corporate Development
(604) 681-9501
(604) 681-6813 (FAX)
Email: inquiries@IMPACTSilver.com
Website: www.IMPACTSilver.com
--------------------------------------------------------------------------------
Source: IMPACT Silver Corp.
Press Release Source: IMPACT Silver Corp.
Impact Acquires Seven Silver Concessions in Zacatecas
Tuesday January 9, 4:29 pm ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 9, 2007) - IMPACT Silver Corp. ("IMPACT") (TSX VENTURE:IPT - News) is pleased to announce that it has purchased 100% interests in a further seven silver concessions in the historic Zacatecas Mining District in Mexico. Highlights of these acquisitions are as follows:
- The Leo and Milagro Concessions cover a splay off the major Canterra Vein in the southern part of the Zacatecas Silver District.
- The Cancer Concession is located in the eastern part of the District and covers a 500m length of the historic Providencia Vein marked by numerous old mine workings.
- The Martin and Santo Cristo Concessions are located near IMPACT's Cristian Concession where earlier sampling of old mine dumps returned 310g/t silver, 24.2% lead and 8.0% zinc from a high grade stockpile and 93g/t silver, 0.43% lead and 1.4% zinc from a low grade waste dump.
- Other concessions purchased cover portions of mineralized veins in various parts of the district.
All of these acquired concessions in the general Zacatecas district represent potential future feed for the 200 tonne per day Zacatecas processing plant under option to IMPACT.
A geological team has commenced field work on the four Zacatecas Venture properties with Yale Resources in December 2006 and will begin work on the 100% IMPACT properties in early 2007. These programs will include mapping and detailed sampling of the historic workings and old mine dumps as well as prepare for a multi-property drill program planned for first quarter 2007.
IMPACT continues to execute its strategy to grow into a mid-tier silver producer through an aggressive development and acquisition program focused on Mexican silver assets. With these transactions IMPACT will have interest in fifteen mineral concessions in the Zacatecas Silver District. George Gorzynski, P.Eng., a Qualified Person under the meaning of Canadian National Instrument 43-101, is responsible for the technical content of this news release. Rock samples were collected from dumps beside old mine workings. All samples were shipped to the ALS Chemex preparation laboratory in Guadalajara, Mexico, where they were fine crushed (70% passing a 2mm screen), pulverized (85% passing a 75 micron screen) and pulp split-separated for assay by a riffle splitter. These pulps were shipped to the ALS Chemex laboratory in North Vancouver, Canada, where a 30-gram split of each was assayed for gold and silver by standard fire assay and a 10-gram split was analysed for an additional 30 elements by ICP spectrometry.
IMPACT Silver Corp. is a Tier 1 silver focused mining and exploration company with two producing silver mines at Zacualpan, Mexico; an advanced-stage silver project at Zacatecas, Mexico and other projects in the Dominican Republic. Energold Drilling Corp. (TSX VENTURE:EGD - News) owns 6.6 million shares of IMPACT.
On behalf of the Directors of IMPACT Silver Corp.
Frederick W. Davidson, President, CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Darrell Rader
IMPACT Silver Corp.
Corporate Development
(604) 681-9501
(604) 681-6813 (FAX)
Email: inquiries@IMPACTSilver.com
Website: www.IMPACTSilver.com
--------------------------------------------------------------------------------
Source: IMPACT Silver Corp.
I copy this post from the "Mexican Gold & Silver (MEX)" board
Analyst reports on visit to IPT
http://www.stockhouse.ca/bullboards/viewmessage.asp?no=13441823&t=0&all=0&TableID=0
I just returned from visiting the Impact mine October 22-24, 2006. One of the first things I did was to add even more shares to my PF I was so impressed.
I do belive this company is on the verge of being "discovered".
- this region has some of the most beautiful country I have ever had the pleasure to view. The elevation is around 6,000' - rolling hills with neat homes widely scattered over the region. Quite a bit of small scale farming, agriculture, cattle, sheep etc. As we toured the property it was common to see families leading a burro down mountain paths to various destinations or granny with her loaded shopping bags coming back from a trip to town, hiking up and down these endless mountain trails that would daunt most of us here. On a little jut of land there was a school with basket ball court sitting on a precipice maybe 200' by 300' in dimentions. On 3 sides it was almost a sheer drop-off of a thousand feet or more to the valley below. Mind boggling.
- the townsite located a couple miles from the mine is pretty as a picture and the people very friendly, quite isolated
- the statue in the town square is a miner, these people have been miners for generations and Impact is the only operating mine in the region
- Impact controls the majority of the prospective land in the region,,, for all intents and purposes controls ALL the prospective land base here
- the group I was with included representitives from brokerage firms, a Director of an investment bank in Washington, an investment news writer, all of the senior Mexican mine management along with Fred and Darrell. This is the first "media tour" as Fred was waiting until he was satisfied that most of the operational wrinkles were ironed out before "showcasing" IPT.
- Our experience was over-the-top throughout the entire visit, from the clean accommodations, quality of meals to the beauty of the region and knowledge and hospitality of the Mexican senior management.
Fred and his people put on a first class presentation in every way, all surprises were to the upside.
People and Property
- The senior Mexican (bilingual) geologist seemed to know the property like the back of his hand. We drove over much of the property and on several mountain tops where you could see for miles he would point out a portal or adit and describe the vein(s) and give their history and grades, then he would trace the veins and discuss how they merged or split - again with the grades - down the mountain, across the valley and up the other mountain. This happened time after time from several different vantage points. There was no attempt to pump but it was obvious that his knowledge was impressive and he was extremely proud of their resources.
- A professional mining engineer with (according to Fred) exceptional credentials from Mexico City is on contract to IPT and spends 3-4 days a week on site. Part of his effort goes toward keeping everyone focused on the overall mining "growth plan", supervising senior staff in that they are properly coordinating their activities (quite complex in many ways), and a strong work ethic. This guy gets a lot of respect from everyone.
- Geologist & company Vice-President George Gorzynski spends most of his time on the property. It is obvious that he loves it there and is totally enamoured with the potential and actual value in-the-ground. I am sure he would like nothing better than to explore and drill and keep drilling to uncover what is an endless source of rich silver veins on this 125+ square miles of property. This will likely come in time but for now I believe his focus is more on a detailed study of veins that are the easiest to bring into production to get the mill up to 500tpd, currently around 200tpd. (more on that further down).
Property
It seemed obvious to all of us that there is so much silver here that they will be mining it for decades if not hundreds of more years. The only time this property has not been actively mined in its 400+ years of production is during times of war and revolution. This is because a valley that runs thru the property extends from Acapulco right to Mexico City and one of the mountains/hills is a strategic location during times of war. In our underground tours it was obvious that the rock is relatively easy to work with as there were hardly any rock-bolts needed to stablize workings creating a very safe working environment for the miners.
Production Plans
- if plans stay on course the mill should be up to 300tpd by January 2007, getting to 500tpd depends on various items including permitting and the time needed to drive adits into discovered veins etc. Contrary to what many believe (new to me also) there are some veins here that are exceptionally wide. Two veins we were shown that will be coming into production very soon (if not already) measure between 12 and 25 metres grading between 400-600gpt silver.
Growth Plans
- the company is studing portable mills as there has been many substantial improvements with them. The cost of a complete mill that will produce concentrate looks like it would cost between $200-$400,000.00 for a 100-200tpd mill. Extremely economical. Two reasons for adding portable mills would be:
1/ cheaper to truck a concentrate than raw ore, if oil prices continue to rise this would be add even more value to this
2/ Metallurgy. A different mix of metals would mean different chemicals in the processing procedure (some areas of the property have copper content). Rather than changing the process at their 500tpd operation it may make sense to add production with a portable mill. This could keep going as they explore further out. No time frame here.
Environmental
- no issues with any enviornmental situations I am aware of
Infrastructure Development
- they will be replacing some of the floatation cells over the next few months, will likely cost in the range of a couple hundred thousand dollars.
- the tailings damn capacity will have to be built up prior to getting up to 500tpd. This is quite straight forward and they are studying the engineering to decide the best approach.
Promotional
- The presentation folder/slide show by Fred was exceptional. They have spent quite a lot of effort in organizing their "story". This new presentation will likely form the base of their restructured website which hopefully will be completed in the next few weeks.
- They have been working hard at getting info together for the public. I expect a steady stream of news from the company over the next several months.
Club Med facilities
There are 12 - 15 residences on the mine site in a beautiful setting in great shape. There is a swimming pool, badminton court and a recreation hall (party room) with bar, all owned by Impact. Someone commented that these facilities alone are worth the market value of Impact shares. Many of these residences are used by the senior mine management as a benifit of employment. They have been a major asset in acquiring and keeping some of the best Mexical mining people. Fred commented that miners from Mexico and Peru are among the best in the world and his crew are right at the top.
That's all for now, Fred Davidson deserves a ton of congratulations for what is a success story now ready to be told to the investment world.
Impact's day in the sun has arrived in my opinion.
For disclosure my airfare and accommodations were paid for by the company but no other renumeration. I was not asked nor did I offer to write anything on the company in return for this.
Impact Silver has been my largest holding for almost 2 years.
Doug Beiers
TheSimpleInvestor
News
http://ca.us.biz.yahoo.com/ccn/061026/200610260354266001.html?.v=1
IMPACT Silver Corp.: Test Milling at Zacatecas Processing Plant Commences
Thursday October 26, 7:16 pm ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 26, 2006) - IMPACT Silver Corp. ("IMPACT") (TSX VENTURE:IPT - News) is pleased to announce that the Veta Grande processing plant at Zacatecas has begun operations on a test and custom milling basis. During the first week, about 400 tonnes of ore were processed with the goal of achieving 200 tonnes-per-day (tpd) by late November. Currently, material is being processed on a custom milling basis where local small scale miners truck their ore to the plant and are charged a flat rate to process it. In the future, IMPACT plans to augment the custom milling ore with ore from its own properties. IMPACT's share of the net proceeds from the custom milling will be invested in upgrades to the processing plant.
Custom milling serves to give IMPACT a first-hand introduction to local small scale miners and prospectors who deliver ores to the plant from their own mining concessions. IMPACT geologists are now busy examining projects from these miners and prospectors for potential acquisition.
IMPACT currently has a 25% interest in any Net Revenues earned from processing material through the plant. Day-to-day responsibilities for management and operations of the processing plant remain with the vendor until such time as IMPACT completes its obligations under the comprehensive option purchase agreement. (See News Release dated September 28, 2006). Upon exercise and completion of its obligations under the option agreement, IMPACT will have earned a 100% interest in the processing plant and all related cash flows.
IMPACT Silver Corp. is a Tier 1 silver focused mining and exploration company with two producing silver mines at Zacualpan, Mexico; an advanced-stage silver project at Zacatecas, Mexico; and, other projects in the Dominican Republic. Energold Drilling Corp. (TSX VENTURE:EGD - News) owns 6.6 million shares of IMPACT.
On behalf of the Directors of IMPACT Silver Corp.
Frederick W. Davidson, President, CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Darrell Rader
IMPACT Silver Corp.
Corporate Development
(604) 681-9501
(604) 681-6813 (FAX)
Email: inquiries@IMPACTSilver.com
Website: www.IMPACTSilver.com
--------------------------------------------------------------------------------
Source: IMPACT Silver Corp.
Take a good close look. If the price of silver is going where I think it is going than this company is sure to profit big time!
i have one just like it only in platinum! well .. aluminum
the story on the building of that car is quite amazing ... i forget just how much it weighs .... but it's a lot!
just noticed the new board and will take a look at the company!
cheers!
Hi all. Starting this board to see if there is any interest out there in this stock. Updates will come in the future if wanted.
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IMPACT Silver Corp. is a silver producer with an extensive portfolio of advanced silver projects in Mexico. The Company currently produces silver from multiple mines and a 500 tonnes per day processing plant at the Royal Mines of Zacualpan. With mining operations having been profitable from the first day of production and continuing to be profitable even at lower metal prices, IMPACT has distinguished itself as a respected precious metals producer.
IMPACT plans to grow into a premier producer of silver through internal growth and now controls over 623 km2 in the Zacualpan Districts realizing its goal of consolidation in the surround areas. The Company owns the 272km2 Royal Mines of Zacualpan Silver District, the 200km2 Mamatla District and the Zacatecas Silver Project as well as the most recent 150 km2 Southeast Mineral Concessions to its project portfolio through additional external acquisitions.
On November 17th 2009, the Company announced it's first 43-101 resource definition in the Mamatla Silver District, outlining the combined Capire and Aurora 1 Measured and Indicated Mineral Resources estimates at 7.2 million ounces silver, 94.3 million pounds zinc and 38.8 million pounds lead This mineral estimate only covers %0.1 (0.2 sq km) of the 200 sq km Mamatla Silver District (see November 17th 2009 news release or go to Mamatla District under the Projects tab for more information). An updated NI 43-101 Mineral Resource Estimate is currently being prepared.
VISION AND OBJECTIVES VISION: To aggressively build IMPACT into a premier producer of silver. | | |
![]() | Click here for: PDF Brochure |
Directors & OfficersIMPACT's management is a diverse team of experienced, entrepreneurial professionals with a strong background in mineral exploration, mine development, international business, financing and management. Fred Davidson, C.A. - President, CEO OfficesHead Office Legal CounselBoughton Law Corporation AuditorsPricewaterhouseCoopers LLP Transfer AgentComputershare Investor Services |
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http://www.impactmin.com/s/StockInfo.asp | http://www.impactmin.com/s/NewsReleases.asp |
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http://www.impactmin.com/s/ContactUs.asp | http://www.impactmin.com/i/pdf/CorporatePresentation.pdf |
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