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Impact Silver Announces Acquisition Of Third Mill
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IMPACT Silver Corp. ("IMPACT") 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.
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. (EGD:TSX.V) 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
For further information please contact:
Darrell Rader, Corporate Development
Telephone: 604 681-9501
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release.
900-543 Granville St.
Vancouver, BC., Canada V6C 1X8
Telephone 604 681-9501
Facsimile 604 681-6813
www.IMPACTSilver.com
inquiries@IMPACTSilver.com
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Copyright (c) 2008 IMPACT SILVER CORP. (IPT) All rights reserved. For
more information visit our website at http://www.impactsilver.com/ or
send mailto:inquiries@impactsilver.com
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