|
IMPACT Silver Corp.
Announces Commencement of Construction at the Capire Open Pit Silver Mine
IMPACT Silver Corp. ("IMPACT" or "the Company") is very
pleased to announce that construction of the new Capire Open Pit Silver
Mine ("Capire") has now commenced. Capire represents a new
production center in a new mining district and an opportunity that, upon
successful completion of the proposed exploration and development programs,
would propel IMPACT to become a multimillion ounce silver producer. Capire
is located in the Mamatla Mineral District, 16 kilometers southwest of
IMPACT's active mining and processing operations at the Royal Mines of
Zacualpan Silver District, Mexico.
With recent success receiving the final permits that are necessary to
commence mining activities, IMPACT's mine development team has begun
construction at Capire that includes:
- Immediate start of site preparation work, including
road and infrastructure upgrades.
- Commencement of pre-stripping and tailings pond
development.
- Installation of the 200 tonne-per-day
("tpd") pilot plant.
- Arrangements of initial silver-lead-zinc concentrate
shipments to the smelter in late 2012.
On site, surface rights for all mining areas, including the tailings dam
and the processing plant, have been secured. Condemnation drilling under
the plant site, the tailings dam and rock waste piles have also been
completed and subsurface water monitoring wells are currently in place and
collecting data. Arrangements have been finalized with the national
electricity company (Comisi�n Federal de Electricidad) to construct a
30-kilometer high voltage electric power line to the site, which will
supply IMPACT with the sufficient electrical capacity to accommodate plans
for future production expansion at Capire.
These initial operations will be used to optimize mining and processing
parameters in preparation for future construction of a larger production
operation at Capire, with the potential to host an 800- to 1,500 tpd
processing plant. The initial 200-tpd pilot plant operation is designed to
test metallurgical recoveries on a commercial scale; provide detailed information
on mining costs; and, optimize mining and processing methods toward
construction of a larger operation. The starter open pit will be excavated
on the western portion of the Capire Zone to access near surface higher
grade silver-zinc-lead (copper-gold) volcanogenic massive sulphide
mineralization (VMS).
NI43-101 compliant Measured and Indicated Mineral Resources at Capire
currently total 7.2 million ounces silver, 30,446 ounces gold, 95.6 million
lbs zinc and 37.2 million lbs lead (see IMPACT news release dated February 1, 2011). Subsequent drilling (6,698 meters)
has expanded the Capire Zone to the north, east and southeast beyond the
limits of these previously defined Mineral Resources (see IMPACT news
releases dated May 24, 2011 and August 17, 2011).
IMPACT is also pleased to announce that it has appointed Meghan Brush to
the position of Investor Relations. Subject to regulatory approval, IMPACT
has issued Ms. Brush an option under IMPACT's stock option plan to purchase
10,000 of its common shares at the price of $1.85 per share, for a period
of five years from September 27, 2011.
George Gorzynski, P. Eng., Vice President, Exploration and Director of
IMPACT Silver Corp., and a Qualified Person under the meaning of Canadian National
Instrument 43 101, is responsible for the technical information in this
news release. The Capire mineral resource estimates in this news release
were taken from a technical report (posted on www.sedar.com ) by Claus G. Wiese, P.Eng. of I-Cubed
LLC, an independent professional engineer.
IMPACT Silver Corp. is a profitable, silver-focused mining and exploration
company operating in Mexico with producing silver mines at the
423-square-kilometer Royal Mines of Zacualpan, the adjacent
200-square-kilometer advanced Mamatla Mineral District including the Capire
Open Pit Silver Mine, and an option agreement for a share position in
Defiance Silver Corp. (DEF:TSX-V) in return for IMPACT's 200-tpd processing
plant and mineral concessions in the Zacatecas Silver District. Additional
information including maps of IMPACT's projects can be found on the Company
website at www.IMPACTSilver.com
.
On behalf of the Directors of IMPACT Silver Corp.,
"Frederick W.
Davidson"
President, CEO
For further information, please contact:
Meghan Brush, Investor Relations
(604) 681 0172 or via email at inquiries@impactsilver.com
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-Looking
Statements
This IMPACT News Release may contain certain "forward-looking"
statements and information relating to IMPACT that are based on the beliefs
of IMPACT management, as well as assumptions made by and information
currently available to IMPACT management. Such statements reflect the
current risks, uncertainties and assumptions related to certain factors
including but not limited to, without limitations, exploration and
development risks, expenditure and financing requirements, title matters,
operating hazards, metal prices, political and economic factors,
competitive factors, general economic conditions, relationships with
vendors and strategic partners, governmental regulation and supervision,
seasonality, technological change, industry practices, and one-time events.
Should any one or more risks or uncertainties materialize or change, or
should any underlying assumptions prove incorrect, actual results and
forward-looking statements may vary materially from those described herein.
IMPACT does not assume the obligation to update any forward-looking
statement.
View News Release in PDF Format:
Associated
File: http://www.impactsilver.com/i/pdf/2012-01-11_NR.pdf
228
KB in size, approx. 43 seconds to download at 56.6Kbps
Copyright � 2012 Impact Silver
Corp. (IPT) All rights reserved. For more information visit our website at
http://www.impactsilver.com/ or send email to inquiries@impactsilver.com.
|