| From: LoneClone | 3/14/2013 6:57:00 PM | | | | | | IMPACT Silver Corp. Announces Commissioning of the New Capire Production Centre in Mexico
Press Release: IMPACT Silver Corp. – 4 hours ago
finance.yahoo.com
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Mar 14, 2013) - IMPACT Silver Corp. ("IMPACT" or the "Company") (TSX VENTURE:IPT) is pleased to announce the start of preliminary operations at its second production centre in Mexico, the new Capire Production Centre ("Capire"). The open-pit Capire mine and pilot processing operation is located in northern Guerrero State in south-central Mexico. Construction of the 200 tpd (tonne-per-day) pilot plant is now complete and first concentrate shipments are expected within the second quarter of 2013.
The Capire Production Centre hosts an initial 200 tpd flotation circuit pilot plant, with the objective to significantly expand processing operations in the future. The purpose of the 200 tpd pilot plant and mining operation is to determine the future production costs and cut-off grades for a possible larger plant and provide near-term operating cash flow. Production revenues are projected to come from silver with zinc, lead, gold and possibly copper byproducts.
Exploration drilling is continuing both to expand the Capire deposit and to test nearby satellite silver prospects. A minimum 10,000 meter drill program is planned for the Capire area in 2013. Among other factors, the level of drilling success through 2013 and into 2014 will determine the size of the future plant expansion. The main mineralized zones in the Capire area are volcanogenic massive sulphide (VMS) base metal deposits with elevated silver values (see IMPACT's Updated N1 43-101 Report on Mineral Resources of the Capire-Aurora1 Project dated January 28, 2011 at www.sedar.com for details).
Infrastructure is good throughout the Capire area with gravel road networks, gentle topography, a new electric power line, water supplies and a local work force augmented by personnel from IMPACT's Royal Mines of Zacualpan Silver Production Center, located a 40 minute drive to the north. Photos chronicling the development of the Capire Mine and Processing Plant are available on the Company website at www.IMPACTSilver.com.
George Gorzynski, P. Eng., Vice President Exploration and a Qualified Person under the meaning of Canadian National Instrument 43-101, is responsible for the technical content of this news release.
IMPACT is a profitable silver mining company with two production centres in Mexico, the Guadalupe and the Capire. At Guadalupe, the Company's 100% owned and operated underground silver mines feed a central 500 tpd processing plant located within the historic Royal Mines of Zacualpan Silver District. The recent commencement of production at the underground Cuchara-Oscar Mine at Guadalupe and the start of preliminary operations at the open-pit Capire Mine represent the next phase of significant production growth for the Company, with the objective of ultimately establishing IMPACT as a multimillion-ounce silver producer. IMPACT also holds a 17.29% shareholding in Defiance Silver Corp., which is advancing the Company's 200 tpd processing plant and mineral concessions to production in the Zacatecas Silver District in Mexico. Additional information can be found on the Company website at www.IMPACTSilver.com.
On behalf of IMPACT Silver Corp.
Frederick W. Davidson, President & CEO
Forward-Looking Statements
This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement.
Contact:
IMPACT Silver Corp.
Meghan Brush
Investor Relations
(604) 681 0172
(604) 681 6813
inquiries@impactsilver.com
www.IMPACTSilver.com |
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| From: LoneClone | 8/26/2013 9:05:18 PM | | | | | | IMPACT Silver Corp. Announces Financial and Production Results for the Second Quarter and Half Year 2013
11 hours ago
ca.finance.yahoo.com
Trading Symbol: "IPT: TSX.V"
IMPACT Silver Corp. ("IMPACT" or the "Company") announces the unaudited financial and production results for the second quarter and half year ended June 30, 2013.
Fred Davidson, President and CEO, stated, "At the six month mark in 2013, our tonnage, silver production and grades have increased considerably compared to this time last year. We have achieved advancing two mines into initial production this year, which are now beginning to feed higher grade silver to both of our production centres, and we did that with internal cash flow and capital. For the balance of 2013, we will focus exploration on our known higher grade zones and improving the optimization of the Capire pilot plant towards the potential expansion of the open pit mine and production centre."
Half Year 2013 Summary
-Revenues for the first half of the year totaled $8.0 million, a slight decrease from $8.1 million in the first half of 2012.
-Operating expenses increased by 32% to $5.8 million, compared to $4.4 million in the comparable period of 2012.
-Mine operating earnings amounted to $1.2 million in the first half of the year, compared to $2.9 million in the comparable period of 2012.
-Losses for the first half of 2013 were $2.6 million, largely attributable to increased operating costs, increased non-cash share-based payments expense and a non-cash write-down of $0.6 million in the carrying value of an investment in the shares of Defiance Silver Corp.
-Cash and cash equivalents totaled $10.0 million at June 30, 2013, compared to $16.0 million at December 31, 2012. Cash was reduced as a result of investments made to complete the Capire Production Centre and to further the Company's active drilling exploration program.
-Cash flows from operations before changes in non-cash working capital were $0.6 million, compared to $1.9 million in the comparable period in 2012.
Second Quarter 2013 Highlights
-Revenues totaled $3.8 million, a 4% increase from $3.6 million in the comparable period in 2012.
-Mine operating earnings were $0.1 million, compared to $1.3 million in the second quarter of 2012.
-Net loss after taxes amounted to $1.9 million, attributable to an increase in operating costs due to retroactive payments to union workers and higher mining costs as initial production began at the Cuchara-Oscar and Capire Mines.
-Cash flows from operations before changes in non-cash working capital were $(0.2) million and net working capital remained strong at $12.7 million, subsequent to spending $1.4 million on exploration and development of the Company's properties and $2.2 million on property, plant and equipment.
-Silver production increased to 185,998 ounces, a 20% increase from 154,406 ounces in the comparable quarter in 2012.
-Average mill feed grade for silver increased by 12% to 163 grams per tonne (g/t) compared to 145 g/t in the second quarter of 2012.
-Gold production totaled 360 ounces, a 126% increase from 159 ounces in the second quarter of 2012.
-Total tonnes milled during the quarter increased by 6% to 42,086 from 39,813 in the comparable period in 2012.
Refocusing in Times of Lower Metal Prices
On January 2, 2013, the first day of trading for the year, the London Fix silver price was US$30.87. On June 30, 2013 the silver price was US$18.86, a 39% decrease, and has since rebounded slightly to average US$20 per ounce. In response to this significant drop in silver price, the Company is refocusing its mining and exploration work. Mining is now targeting the higher grade silver zones at the operating San Ramon, Noche Buena and Cuchara-Oscar Mines. At the Capire Mine, higher grade material from the open pit is currently being processed while lower grade material is stockpiled for future processing. At the Mirasol Prospect, engineering studies for potential development of the project toward production have been accelerated.
IMPACT is fortunate that its producing mines contain higher grade zones capable of generating positive cash flow in these times of lower metal prices. Exploration for the second half of 2013 will be largely focused on drilling high grade targets that can be quickly put into production through proximal, low cost and rapid expansion of the current producing mines. These initiatives began during the first half of 2013 to achieve positive cash flow in response to lower metal prices while keeping lower grade zones accessible for when metal prices recover. IMPACT's ability to react quickly to changing economics while maintaining a healthy treasury ensures that the Company will weather the downturn in the markets and lower metal prices, and will be ready to benefit from and grow in the coming recovery.
IMPACT Silver operates two silver production centres within its 100%-owned 623 km? land package in south-central Mexico: the Guadalupe Production Centre and the new Capire Production Centre. At Guadalupe, three underground silver mines feed the central 500-tpd processing plant located within the historic Royal Mines of Zacualpan Silver District. At Capire, the Company's first open-pit silver mine commenced initial production in early 2013. IMPACT also holds a 19.9% shareholding in Defiance Silver Corp., who plans to advance IMPACT's processing plant and mineral concessions into production in the Zacatecas Silver District in Mexico. The full version of the financial statements and the management discussion and analysis can be viewed on the Company's website at www.IMPACTSilver.com or on SEDAR at www.sedar.com. A recorded conference call reviewing the second quarter and half year 2013 results will be available on the Company's website on Tuesday, August 27, 2013 at www.IMPACTsilver.com/s/ConferenceCalls.asp.
On behalf of the Directors of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO
For further information, please contact:
Meghan Brush, Investor Relations
1-604-681-0172 or 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 is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement.
1100-543 Granville Street Telephone 604 681-0172
Vancouver, BC, Canada V6C 1X8Facsimile 604 681-6813 |
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| From: LoneClone | 8/29/2016 1:27:02 PM | | | | | | IMPACT Silver Announces Second Quarter 2016 Financial and Production Results
Tue, 23 Aug, 2016 4:30 PM EDT
ca.finance.yahoo.com
Trading Symbol: "IPT: TSX.V"
VANCOUVER, Aug. 23, 2016 /CNW/ - IMPACT Silver Corp. ("IMPACT" or the "Company") is pleased to announce its financial results for the six months ended June 30, 2016.
Fred Davidson, President and CEO, stated, "The increase in silver prices has had a positive impact on the Company's financial performance. For the fourth consecutive quarter the Company's EBITDA1 is positive at $0.6 million for Q2 2016 compared to a negative EBITDA of $0.8 million in Q2 2015. Revenues in Q2 2016 increased by 61% over Q2 2015 to $4.4 million. Operationally, the Company is continuing to improve its mine operating income, achieving income of $0.7 million in Q2 2016 compared to a loss of $0.8 million in Q2 2015.
The upward trend in silver prices which started at the beginning of 2016 has continued through August, with prices rising from $14 to over $20. A combination of positive cash flows from operations and aggregate gross proceeds of $7.6 million raised during Q2 2016 will enable IMPACT to refocus its efforts on a more aggressive exploration program which will include drilling a number of key targets. The Company will also continue with its strategy of focusing on higher grade mineral on both the exploration and production fronts as it has proved effective through the last few years of difficult mining markets allowing us to keep our operations lean. With IMPACT's persistent emphasis on profitability for every ounce produced, combined with the exploration potential of higher grade zones of silver at San Ramon and balance sheet strength, IMPACT is a self-sufficient and growing explorer-producer in the Mexican silver space."
Financial Overview
Revenues for the second quarter were $4.4 million, a significant increase from $2.7 million in 2015. The 61% increase was due to higher silver prices, and greater production tonnage.
EBITDA improved to $0.6 million for the second quarter of 2016 compared to a negative EBITDA of $0.8 million for the same period of 2015.
Mine operating earnings before amortization and depletion2 improved significantly by $1.5 million to $1.3 million in Q2 2016 from a loss of $0.2 million in Q2 2015.
Net loss was $0.1 million for the quarter, of which non-cash items included $0.6 million in amortization and depletion, compared to a $1.0 million net loss in the same quarter last year, of which non-cash items included $0.5 million in amortization and depletion.
Due to the private placements and cash controls in Q2 2016, the Company's cash position at June 30, 2016 improved substantially to $7.7 million compared to $0.7 million at December 31, 2015. Net working capital correspondingly improved to $11.5 million at June 30, 2016 from $2.9 million at December 31, 2015.
Capital expenditures during the quarter included exploration & evaluation asset expenditures of $0.4 million (2015 - $0.4 million) and $0.1 million in property, plant & equipment expenditures (2015 - $nil).
Production Overview
Silver production was 235,990 ounces for the second quarter of 2016, up 8% from 218,380 ounces in the same period of 2015.
Average mill feed grade for silver was comparable at 180 grams per tonne (g/t) and 181 g/t in the second quarters of 2016 and 2015 respectively.
Total tonnes milled during the second quarter of 2016 increased 7% to 45,099 from 42,300 in the comparable quarter of 2015.
Silver sales increased 12% in the second quarter of 2016 to 235,531 ounces from the 209,832 ounces sold in the same period in 2015 as a result of increased tonnage throughput and increased metallurgical silver recoveries. Silver prices have begun to rally with the average for the second quarter of 2016 up 2% from the same period last year, and up 13% over the first quarter of this year. As a result of the increased silver prices and sales, the Company's revenues increased significantly to $98.32 per tonne in the second quarter of 2016, from $66.37 in the second quarter of 2015. For the first six months of 2016 the revenue per tonne improved by 20% to $93.35, compared to $77.84 in the same period of 2015.
Health and Safety Awards
IMPACT's mining team recently received recognition awards for excellence in health and safety standards by the Secretary of Labour and Social Welfare in Mexico. This recognition acknowledges the Company's effective working environment, strong relationships with its employees and reduced workplace accidents, illnesses and absenteeism.
Exploration
The Company is continuing exploration with the goal of putting some of the 4,500+ compiled old mine workings in the Zacualpan and Capire districts on a faster track to potential production and build mineral inventories for mining. With the proceeds from the Q2 2016 financing, the Company will begin surface and underground drilling programs in the fourth quarter. In May 2016, the Company announced some of the best drilling intersections ever reported in the district at San Ramon Deeps, including 14.82 meters of 481g/t silver. The fall program will include expanded programs at San Ramon and San Patricio where the Company's next mine is being developed. Recently exploration work focused on large and high grade targets at Alacran North, El Zapote and El Angel.
With a track record of successful exploration, rapid mine development to production and thousands of old mine workings identified to date as exploration targets, IMPACT is well positioned as the metal markets continue to improve. The Company remains dedicated to its long term vision as there is potential for establishing multiple mills throughout the two districts it operates in, each fed by multiple mines producing silver-lead-zinc as well as gold and copper.
A recorded conference call reviewing the financial and production results of the six months ended June 30, 2016, will be available on the Company website on August 24, 2016, at www.impactsilver.com/s/ConferenceCalls.asp.
The information in this news release should be read in conjunction with the Company's unaudited condensed consolidated interim financial statements and Management's Discussion and Analysis, available on the Company website at www.impactsilver.com and on SEDAR at www.sedar.com. All amounts are stated in Canadian dollars unless otherwise specified.
IMPACT has control of the majority of two entire mineral districts in central Mexico: the Royal Mines of Zacualpan Silver District and the Capire-Mamatla Mineral District adjacent to and southwest of Zacualpan. The Company produces silver with lead and gold byproducts at its 550 tonne per day Guadalupe processing plant in the Royal Mines of Zacualpan District. Additional information about the Company and its operations can be found on the website, www.impactsilver.com.
On behalf of the Directors of IMPACT Silver Corp.,
"Frederick W. Davidson"
President & CEO
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 and Cautionary Statements
This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement.
The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101-compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty.
__________________________________________
1 Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-IFRS measure which the Company believes provides meaningful information about the Company's financial performance.
2Mine operating earnings before amortization and depletion is a non-IFRS measure which the Company believes provides a useful indicator of how the Company's operations are performing.
SOURCE IMPACT Silver
Contact:
Jerry Huang, Investor Relations Manager, (604) 681-0172 or inquiries@impactsilver.com |
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| From: LoneClone | 12/13/2016 8:42:25 PM | | | | | | IMPACT Silver continues to drill high grade silver intersections at San Ramon Deeps, including 4.93 meters of 354 g/t Silver and 3.10 meters of 434 g/t Silver
ca.finance.yahoo.com
CNW GroupDecember 13, 2016
Trading Symbol: "IPT: TSX.V"
VANCOUVER, Dec. 13, 2016 /CNW/ - IMPACT Silver Corp. ("IMPACT" or the "Company") is pleased to announce more high-grade drill results for silver from the Deeps Zone of the San Ramon Mine in central Mexico. These new drill intersections are located at depth below previously reported drill intersections. Additional holes have been drilled and results are pending. New drill results are as follows:
SAN RAMON DEEPS DRILL RESULTS
| Hole
No.
| Vein
| From
(meters)
| To
(meters)
| Interval
(meters)
| True Width
(meters)
| Ag
(g/t)
| Au
(g/t)
| Pb
(%)
| Zn
(%)
|
| MPZ-215
| Inmaculada 2
| 94.00
| 102.15
| 8.15
| 7.09
| 87
| 0.07
| 0.07
| 0.41
|
| MPZ-216
| HW Vein
| 78.66
| 81.00
| 2.34
| 2.20
| 194
| 0.10
| 0.12
| 1.08
|
| Inmaculada 2
| 95.00
| 95.80
| 0.80
| 0.69
| 562
| 0.30
| 0.73
| 2.02
|
| Including
| 95.55
| 95.80
| 0.25
| 0.22
| 1,475
| 0.91
| 2.25
| 6.25
|
| UG4-01
| Inmaculada 2
| 99.13
| 104.50
| 5.37
| 4.93
| 354
| 0.20
| 0.21
| 0.56
|
| Including
| 101.46
| 103.70
| 2.24
| 2.06
| 710
| 0.40
| 0.33
| 1.03
|
| UG4-02
| Inmaculada 2
| 108.00
| 111.10
| 3.10
| 2.65
| 190
| 0.14
| 0.49
| 1.01
|
| Including
| 109.60
| 110.07
| 0.47
| 0.40
| 608
| 0.43
| 0.58
| 1.27
|
| UG4-03
| Inmaculada 2
| 103.25
| 106.75
| 3.50
| 3.32
| 141
| 0.07
| 0.12
| 0.28
|
| Including
| 106.50
| 106.75
| 0.25
| 0.24
| 481
| 0.14
| 0.84
| 1.55
|
| UG4-04
| Inmaculada 2
| 114.43
| 118.10
| 3.67
| 3.10
| 434
| 0.19
| 0.73
| 1.72
|
| Including
| 115.25
| 115.94
| 0.69
| 0.58
| 843
| 0.30
| 0.79
| 2.00
|
The zone remains open for expansion down dip, up dip and to the north. Drilling will resume when construction of a new underground drill station is completed on Level 22 (currently the deepest level in the mine) to enable drill testing of the zone to greater depths. Highlights of previous drill intersections at San Ramon Deeps included 14.82 meters of 481g/t silver and 21.74 meters of 271g/t silver (see IMPACT Silver news releases dated May 5, 2016, March 2, 2016 and January 12, 2016 for details of previous drilling).
The San Ramon Mine is located five kilometers southeast of IMPACT's 500 tonne per day Guadalupe processing plant in the Royal Mines of Zacualpan District of central Mexico. The mine commenced production in 2006, and since then mining has occurred on 22 working levels over a vertical distance of 260 meters. IMPACT discovered this deeper zone of high-grade mineralization in 2014 and began mining soon after. Since then this zone has been largely responsible for the higher silver grades reported by IMPACT's Guadalupe mill and accounts for 40% of IMPACT's current production. To date this deep vein has been exposed in mine workings on Levels 16.5, 18, 19, 20, 21 and 22 over a length of 180 meters. The recent drilling outlined the vein to a vertical distance of 35 to 60 meters below the current mine workings. (For a section of the San Ramon Deeps Zone and drill holes, see the San Ramon Mine slide in the PowerPoint presentation on the company website at www.IMPACTSilver.com).
Wojtek Jakubowski, P.Geo., and George Gorzynski, P.Eng., Qualified Persons under the meaning of Canadian National Instrument 43-101, have approved the technical content of this news release.
About IMPACT Silver:
IMPACT Silver Corp. is a silver producer with two processing plants on two adjacent projects within its 100% owned mineral concessions covering 357km2 in central Mexico: the Guadalupe Production Centre and the Capire Processing Plant. At Guadalupe, three underground silver mines, including San Ramon, feed the central 500 tpd processing plant located within the historic Royal Mines of Zacualpan Silver District. At Capire, the 200 tpd processing plant and open pit silver mine are on care and maintenance waiting for a recovery in silver prices. Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com.
On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO
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 and Cautionary Statements
This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement.
The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI43-101 the Company is required to disclose that it has not based its production decisions on NI43-101-compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.
SOURCE IMPACT Silver
 |
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| From: LoneClone | 7/13/2021 11:53:09 AM | | | | | | IMPACT Silver Drills 9.8 Meters of 211 g/t Silver and 13.85 Meters of 186 g/t Silver at Veta Negra First Phase Drill Program
newsfilecorp.com
Vancouver, British Columbia--(Newsfile Corp. - July 13, 2021) - IMPACT Silver Corp. (TSXV: IPT) ("IMPACT" or the "Company") is pleased to announce that it has completed Phase 1 of the Veta Negra drill program located 3.4 km northwest of IMPACT's 535 tonne per day Guadalupe processing plant in the Royal Mines of Zacualpan District, Mexico.
"These results confirm what we have known for the last two years of open pit production at Veta Negra. There is a significant mineralization and prospective grades at shallow depths and expansion potential to the north and south around Veta Negra area. Given the encouraging Phase 1 drill results, we look forward to results from the planned Phase 2 program to start later this month," President and CEO of IMPACT Silver, Fred Davidson, commented.
Veta Negra Drilling
Seven holes (MPZ-308-20 to MPZ-314-20) were drilled with IMPACT's Diamec rig to test the near surface mineralization below and to the north of the operating open pit for a total of 530 meters. Results are listed below:
| Hole ID | From (m) | To (m) | Interval (m) | Ag(g/t) | Au (g/t) | Pb % | Zn % | | MPZ-308-20 | 29.10 | 51.37 | 21.22 | 91.90 | 0.070 | 0.08 | 0.20 | | MPZ-309-20 | 33.80 | 44.40 | 10.60 | 85.29 | 0.039 | 0.46 | 0.74 | | MPZ-309-20 | 37.72 | 39.60 | 1.88 | 275.96 | 0.069 | 0.34 | 0.96 | | MPZ-310-20 | 37.50 | 41.22 | 3.72 | 57.85 | 0.119 | 0.43 | 0.52 | | MPZ-312-20 | 6.90 | 14.17 | 7.27 | 152.08 | 0.059 | 0.15 | 0.20 | | MPZ-313-20 | 1.40 | 20.35 | 18.95 | 64.21 | 0.043 | 0.04 | 0.29 | | MPZ-313-20 | 12.12 | 26.00 | 13.88 | 72.48 | 0.059 | 0.07 | 0.33 | | MPZ-313-20 | 50.55 | 54.80 | 4.25 | 165.64 | 0.240 | 0.34 | 0.71 | | MPZ-313-20 | 71.00 | 73.30 | 2.30 | 98.87 | 0.358 | 0.37 | 0.91 | | MPZ-314-20 | 17.00 | 28.15 | 11.15 | 52.00 | 0.018 | 0.07 | 0.12 | | MPZ-314-20 | 47.25 | 51.68 | 4.43 | 52.26 | 0.020 | 0.14 | 0.55 | | MPZ-314-20 | 70.32 | 73.92 | 3.60 | 171.47 | 0.059 | 0.20 | 0.52 |
Thirteen holes (Z21-01 to Z21-10 and Z21-12 to Z21-13) were drilled for a total of 1,406m with IMPACT's recently purchased man portable hydraulic rig to test the mineralization to depth on approximately 50 meter step outs. Results are listed below:
| Hole ID | From (m) | To (m) | Interval (m) | Ag(g/t) | Au (g/t) | Pb % | Zn % | | Z21-01 | 139.05 | 141.15 | 2.10 | 90.47 | 0.075 | 0.37 | 1.38 | | Z21-02 | 71.45 | 74.30 | 2.85 | 49.25 | 0.046 | 0.04 | 0.06 | | Z21-05 | 2.65 | 12.45 | 9.80 | 211.28 | 0.085 | 0.31 | 0.31 | | Z21-05 | 28.55 | 30.15 | 1.60 | 263.22 | 0.128 | 0.47 | 1.40 | | Z21-05 | 37.55 | 51.40 | 13.85 | 186.95 | 0.984 | 1.22 | 2.45 | | Z21-05 | 72.50 | 73.26 | 0.76 | 64.23 | 0.080 | 0.51 | 2.37 | | Z21-06 | 0.00 | 7.40 | 7.40 | 110.00 | 0.050 | 0.09 | 0.14 | | Z21-08 | 0.00 | 4.50 | 4.50 | 70.93 | 0.013 | 0.05 | 0.14 | | Z21-09 | 75.00 | 76.50 | 1.50 | 51.33 | 0.097 | 0.09 | 0.44 | | Z21-10 | 0.00 | 9.85 | 9.85 | 52.18 | 0.002 | 0.00 | 0.10 | | Z21-12 | 6.50 | 13.00 | 6.50 | 38.63 | 0.068 | 0.12 | 0.11 | | Z21-13 | 51.00 | 52.00 | 1.00 | 79.75 | 0.145 | 0.04 | 0.09 | | Z21-13 | 82.00 | 83.50 | 1.50 | 53.89 | 0.067 | 0.07 | 0.49 |
The Veta Negra vein system was mined historically as both an open pit and from underground. Two north-northwest trending parallel veins enclosed by stockwork mineralized host rock are currently being mined by IMPACT over widths averaging 14 metres in the open pit. Mineralization is trucked from Veta Negra to the Guadalupe processing plant and blended with mineral from the Guadalupe and San Ramon mining operations.
IMPACT's man portable hydraulic rig is presently drilling in the San Ramon Mine area testing the southern extension of the Inmaculada Vein system. A Phase 2 drill program is planned to test the Veta Negra vein systems to the north of hole MPZ-309-20 and south of hole Z21-05.
ABOUT IMPACT SILVER
IMPACT Silver Corp. is a successful silver-gold explorer-producer with two processing plants on adjacent districts within its 100% owned mineral concessions covering 211km2 in central Mexico with excellent infrastructure and labor force. Over the past 15 years, IMPACT has produced over 10 million ounces of silver, generating revenues of over $202 million, with no long-term debt. At the Royal Mines of Zacualpan Silver District, three underground silver mines and one open pit mine feed the central Guadalupe processing plant. To the south, in the Mamatla District, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with a mineral resource of over 4.5 million oz silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016 for details). Company engineers are reviewing Capire for potential restart of operations in light of current elevated silver prices. With 15 years of exploration successes leading to production cash flows, IMPACT has shown the Zacualpan Silver-Gold District to be endowed with many high grade silver-gold zones and has placed multiple zones into commercial production.
Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com. Follow us on Twitter @IMPACT_Silver and LinkedIn at newsfilecorp.com
Drill Location Map: Veta Negra
To view an enhanced version of this graphic, please visit:
orders.newsfilecorp.com
Qualified Person and NI 43-101 Disclosure
Wojtek Jakubowski, P.Geo. is a "qualified person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.
On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO
For more information, please contact:
Jerry Huang
CFO | Investor Relations
(604) 681 0172 or inquiries@impactsilver.com
(778) 887 6489 Direct
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 and Cautionary Statements
This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements with respect to the expected use of proceeds of the Private Placement.
Such forward-looking information involves known and unknown risks and assumptions, including with respect 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.
The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.
705-543 Granville Street Telephone 604 664-7707
Vancouver, BC, Canada V6C 1X8
www.impactsilver.com
Twitter
LinkedIn |
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| From: LoneClone | 2/7/2022 2:34:26 PM | | | | | | Impact Silver Drills 19.8 Meters of 257 g/t Silver and 12.97 Meters of 487 g/t Silver at Veta Negra
newsfilecorp.com
Vancouver, British Columbia--(Newsfile Corp. - February 7, 2022) - IMPACT Silver Corp. (TSXV: IPT) (OTC Pink: ISVLA) ("IMPACT" or the "Company") is pleased to announce that it has completed Phase 2 of the Veta Negra drill program located 3.4 km northwest of IMPACT's 535 tonne per day Guadalupe processing plant in the Royal Mines of Zacualpan District, Mexico.
Veta Negra Drilling
Eight diamond drill holes (Z21-14, Z21-38 to 41, Z21-43, 44 and 46) were drilled with IMPACT's man portable rig to test the mineralization below and to the south of the operating open pit for a total of 1221 meters. Highlight results are listed below:
| Hole ID | From (m) | To (m) | Interval (m) | True Width(m) | Ag g/t | Au g/t | Pb % | Zn % | VEIN | | Z21-38 | 23.05 | 31.60 | 8.55 | 6.88 | 427.82 | 0.25 | 0.59 | 1.46 | El Socorro | | Z21-38 | 46.85 | 48.04 | 1.19 | 0.97 | 237.02 | 0.10 | 0.52 | 1.35 | El Socorro splay | | Z21-39 | 4.50 | 17.50 | 13.00 | 12.97 | 487.00 | 0.26 | 0.25 | 0.45 | Veta Negra | | Z21-39 | 55.75 | 57.30 | 1.55 | 1.33 | 294.77 | 0.09 | 0.28 | 0.55 | San Roberto | | Z21-40 | 11.45 | 14.90 | 3.45 | 0.60 | 260.94 | 0.02 | 0.18 | 0.22 | El Socorro splay | | Z21-40 | 34.20 | 36.55 | 2.35 | 1.35 | 352.11 | 0.01 | 0.15 | 0.33 | El Socorro | | Z21-40 | 42.00 | 45.30 | 3.30 | 1.46 | 180.36 | 0.56 | 1.86 | 4.65 | San Roberto | | Z21-41 | 6.15 | 27.24 | 21.09 | 19.85 | 257.53 | 0.06 | 0.12 | 0.27 | Veta Negra | | Z21-41 | 38.70 | 41.60 | 2.90 | 2.12 | 150.85 | 0.27 | 0.38 | 1.02 | El Socorro | | Z21-41 | 105.10 | 106.60 | 1.50 | 1.09 | 167.00 | 0.03 | 0.06 | 0.44 | San Roberto | | Z21-43 | 65.45 | 69.15 | 3.70 | 3.16 | 278.54 | 0.27 | 0.29 | 0.76 | El Socorro | | Z21-44 | 102.40 | 105.30 | 2.90 | 1.80 | 103.32 | 0.06 | 0.40 | 1.33 | El Socorro | | Z21-46 | 135.70 | 138.70 | 3.00 | 2.29 | 456.52 | 0.63 | 1.83 | 3.80 | El Socorro splay |
The Veta Negra vein system was mined historically as both an open pit and from underground. Two major north-northwest trending parallel veins, the El Socorro and the Veta Negra, enclosed by stockwork mineralized host rock are currently being mined by IMPACT over widths averaging 14 metres in the open pit. Secondary subparallel veins, the El Socorro splay and the San Roberto were also defined during the Phase 2 drilling.
Mineralization is trucked from Veta Negra to the Guadalupe processing plant and blended with mineral from the Guadalupe, Cuchara and San Ramon mining operations.
IMPACT's man portable hydraulic rig is presently drilling in the San Ramon Mine area testing the southern extension of the Inmaculada Vein system. A Phase 3 drill program is planned to test the northern extension Veta Negra vein systems and test the systems to depth.
ABOUT IMPACT SILVER
IMPACT Silver Corp. is a successful silver-gold explorer-producer with two processing plants on adjacent districts within its 100% owned mineral concessions covering 211km2 in central Mexico with excellent infrastructure and labor force. Over the past 15 years, IMPACT has produced over 10 million ounces of silver, generating revenues of over $202 million, with no long-term debt. At the Royal Mines of Zacualpan Silver District, three underground silver mines and one open pit mine feed the central Guadalupe processing plant. To the south, in the Mamatla District, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with a mineral resource of over 4.5 million oz silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016 for details). Company engineers are reviewing Capire for potential restart of operations in light of current elevated silver prices. With 15 years of exploration successes leading to production cash flows, IMPACT has shown the Zacualpan Silver-Gold District to be endowed with many high grade silver-gold zones and has placed multiple zones into commercial production.
Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com. Follow us on Twitter @IMPACT_Silver and LinkedIn at newsfilecorp.com.
Qualified Person and NI 43-101 Disclosure
Wojtek Jakubowski, P.Geo. is a "qualified person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.
On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO
For more information, please contact:
Jerry Huang
CFO | Investor Relations
(604) 681 0172 or inquiries@impactsilver.com
(778) 887 6489 Direct
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 and Cautionary Statements
This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements with respect to the expected use of proceeds of the Private Placement.
Such forward-looking information involves known and unknown risks and assumptions, including with respect 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.
The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.
303-543 Granville Street Telephone 604 664-7707
Vancouver, BC, Canada V6C 1X8
www.impactsilver.com
Twitter
LinkedIn |
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| From: LoneClone | 3/23/2022 2:32:07 PM | | | | | | IMPACT Silver Announces Full Year 2021 Results
Revenue Increased 13% to $17.7 Million, EBITDA $1.5 Million
newsfilecorp.com
Vancouver, British Columbia--(Newsfile Corp. - March 23, 2022) - IMPACT Silver Corp. (TSXV: IPT) (OTC Pink: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") announces its financial and operating results for the year ended December 31, 2021. The Company operates one of the purest silver producers at its Royal Mines of Zacualpan Silver District in Mexico.
The Company reported $17.7 million in revenue for full year 2021, a 13% increase year over year compared to revenues of $15.6 million in revenue in 2020. The better results were primarily due to increased silver prices during the year despite increases on direct costs due to inflation, development costs designed to increase tonnage long term, and exploration program. Mine operating earnings before amortization and depletion were $3.4 million for the year ended December 31, 2021 compared to $3.3 million in 2020 in spite of higher development costs and lower silver grades both of which continued to impact the operating results.
Fred Davidson, President & CEO of IMPACT, stated, "With the euphoric start of 2021 and retail shareholder interest in silver thanks to meme-stock mania, IMPACT demonstrated what a efficient miner can do when silver prices start to run. The world has seen unforeseen turmoil in recent days and once again gold and silver rose as safe haven for sovereign and investors globally. As one of the purest silver producers, we believe IMPACT is uniquely positioned as the silver metal attracts investor interest. Underpinned with global currency tightening and true inflationary pressure, we see precious metals catching up with most industrial metals and energy prices.
"In 2021, IMPACT capitalized on its operational successes and carried out the Company's largest exploration program in years. In addition to ongoing advancements on various mine sites, unlocking the value of our land package, and ongoing evaluation of a near-term restart of our Capire VMS mine using XRT technology, 2021 was a busy year for the team, ultimately setting up for exciting catalysts for growth in 2022.
"With over 11 million ounces of silver (no equivalents) produced since 2006 by IMPACT, generating over $225 million in revenue and investing over $65 million in CAPEX to date, we are proud of our 2021 achievements and look forward to an even better 2022 with potential growth catalysts such as restart of mining at Capire, drilling of high priority targets, and high silver prices."
2021 FINANCIAL OVERVIEW
2021 PRODUCTION OVERVIEW
The goal at Guadalupe processing plant was to focus on lower cost, higher grade production. The lower but steady production tonnes allowed the Company to focus on mining higher margin areas in lower cost situations. Revenue per tonne sold was $119.04 in 2021 an increase of 3% from 2020 at $116.09.
Direct costs per production tonne were $97.79 in Q4 2021 an increase of 6% from $92.91 during the same period in 2020 due to inflationary pressures and cost increases as the Company stepped up exploration and development at the Guadalupe mine.
The mining activity is becoming more focused on the Guadalupe mine and areas accessed from that shaft, with tonnage reaching approximately 50% of total mill feed. A substantial underground development program at Guadalupe is largely complete which included refurbishment of the main production shaft, and rebuilding the extensive track system on the 195 level to access the Pachuqueno section of the mine. This will provide for higher capacity with lower associated hauling costs.
There were one time weather related costs in Q3 2021 which resulted in excessive haul costs and the mining at the Veta Negra open-pit halted; production at this mine recommenced in the fourth quarter providing 8% of the mill feed.
Work continued on a third tailings facility with a provisional life of nine years of operations at the Guadalupe mill complex.
EXPLORATION
During 2021, IMPACT has conducted an aggressive exploration program, including a diamond drill program that was in excess of 17,000 metres utilizing the Company-owned four surface and underground drill rigs. The program was focused on discovery and definition of additional high-grade silver and gold zones for near- and longer-term mining. With the current success combined with the operational efficiencies of owning its own drills, the Company plans a number of additional programs during 2022 that could approach 20,000 metres of drilling across the Company's extensive land package.
Select highlights from 2021 news releases:
JOINT VENTURE ON PROPERTY
As an ongoing strategy to unlock value for IMPACT shareholders, management is selectively working with high quality junior explorers to assist with unlocking value in the large 211 km2 district owned by IMPACT. During Q4 2020, the Company optioned approximately 1,100 hectares of its Zacualpan S.E. concession to Pantera Silver Corp.
In Q1 2021, Pantera made a payment of $50,000 in cash, and issued the Company 200,000 treasury shares valued at $85,000. Pantera is required to make option payments of $300,000 in cash, issue the Company 3.5 million shares and complete a minimum of $1.4 million in work on the project over the next three years, to acquire 100% of the project. This agreement is subject to a 1% net smelter return in favour of IMPACT.
CAPIRE VMS OPEN PIT MINE
The Capire open pit silver mine and 200 tonne per day processing plant is a separate operating unit located 16 kilometers south of the Guadalupe processing plant. The Capire unit is currently on care and maintenance but the Company is carrying out studies toward bringing it back into production. Previous 43-101 mineral resource studies on the Capire deposit have been evaluated with an inhouse review using the experience of a small test mining open pit operation in 2014. Other studies are being conducted with regard to critical infrastructure to determine optimum plant size for Capire operations and a 1,400 kilogram sample from the Capire open pit was tested using state of the art X-Ray transmission ("XRT") pre-concentration processing technology with encouraging results. XRT technology is a process that recognizes and sorts rocks based on the specific atomic density of the material. XRT sorts ore grade material from waste reducing the amount of material to be processed during the milling process as well as tailings. The Company is currently evaluating the potential impact of XRT pre-concentration upon capital and operating costs, recoveries and the ultimate mineable size of the deposit and the current pilot plant.
A recorded conference call reviewing the financial and production results of the year ended December 31, 2021 will be available on the Company website on March 25, 2022 at www.impactsilver.com/media/conference-calls/.
The information in this news release should be read in conjunction with the Company's audited condensed consolidated Financial Statements and Management's Discussion and Analysis, available on the Company website at www.impactsilver.com and on SEDAR at www.sedar.com. All amounts are stated in Canadian dollars unless otherwise specified.
Qualified Person and NI 43-101 Disclosure
George Gorzynski, P.Eng., is a "qualified person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.
ABOUT IMPACT SILVER CORP.
IMPACT Silver Corp. is a successful silver-gold explorer-producer with two processing plants on adjacent districts within its 100% owned mineral concessions covering 211km2 in central Mexico with excellent infrastructure and labor force. Over the past 16 years, IMPACT has produced over 11 million ounces of silver, generating revenues over $225 million, with no long-term debt. At the Royal Mines of Zacualpan Silver District, three underground silver mines and one open pit mine feed the central Guadalupe processing plant. To the south, in the Mamatla District, the Capire processing pilot plant is adjacent to an open pit silver mine with a mineral resource of over 4.5 million oz silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016 for details); Company engineers are reviewing Capire for restart of operations in light of current elevated silver prices. With 16 years of exploration successes leading to production cash flows, IMPACT has shown the districts to be endowed with many high grade epithermal silver-gold zones and has placed multiple zones into commercial production.
On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO
For more information, please contact:
Jerry Huang
CFO | Investor Relations
(604) 664-7707 or inquiries@impactsilver.com
(778) 887 6489 Direct
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 and Cautionary Statements
This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements with respect to the expected use of proceeds of the Private Placement.
Such forward-looking information involves known and unknown risks and assumptions, including with respect 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.
The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.
303-543 Granville Street Telephone (604) 664-7707
Vancouver, BC, Canada V6C 1X8
www.impactsilver.com
Twitter
LinkedIn
1 Mine operating earnings before amortization and depletion is a non-IFRS measure which the Company believes provides meaningful information about the Company's financial performance.
2 EBITDA - Earnings before interest, taxes, depreciation, amortization and stock-based payments - is a non-IFRS measure which the Company believes provides meaningful information about the Company's financial performance.
Revenue was $17.7 million compared to $15.6 million in 2020, due to higher average silver prices.Earnings before interest, taxes, depreciation, amortization2 ("EBITDA") was $1.5 million in 2021 (2020 - $2.5 million).Cash flow from operations was $3.0 million up from $2.5 million in 2020.Mine operating earnings before amortization and depletion1 YTD 2021 was $4.7 million (2020 $4.7 million). After investing $3.6 million in exploration expenditures and mining assets during the year, the cash position remained strong at $21.1 million with working capital of $21.5 million, up from cash of $20.4 million and working capital of $20.3 million at December 31, 2020.The Company has no long-term debt.2021 full year silver production was 617,686 ounces (2020 - 646,534 ounces) dropping 4.6% year over year. Silver sales were largely flat at 633,952 ounces full year 2021 compared to 2020.Average mill feed grade for silver was 172 grams per tonne (g/t) in Q4 2021 comparable to 166 in Q4 2020, an increase of 4%.Throughput at the mill was 145,458 tonnes milled in 2021 compared to 140,069 tonnes in 2020 for an average of 399 tonnes per day for the year. Discovers new San Ramon South Zone including intersections of 1.93 meters of 1,443 g/t Silver and 3.65 meters of 568 g/t Silver ( December 14, 2021).691 g/t Silver Over 1.29 meters At Guadalupe Mine ( Oct 5, 2021).3.38 meters of 2,186 g/t Silver and 6.04 meters of 464 g/t Silver At Guadalupe Mine - Pachuqueno ( Oct 19, 2021). |
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| From: LoneClone | 1/4/2023 1:06:56 PM | | | | | | IMPACT Silver Announces Results of Greenfields Drilling
newsfilecorp.com
Vancouver, British Columbia--(Newsfile Corp. - January 4, 2023) - IMPACT Silver Corp. (TSXV: IPT) (OTC Pink: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") announces the completion its' 2022 Royal Mines of Zacualpan area surface exploration drill program in central Mexico. Significant results for the last sets of assays for 2022 were returned from greenfields targets at La Luz and San Antonio. The drilling was carried out with IMPACT's man portable hydraulic surface diamond drill rigs.
The historic La Luz mine is located to the west and along strike of the Pachuqueno mine workings in IMPACT's operating Guadalupe Mine and also hosts a northeast trending vein, both of which were tested by sixteen surface drill holes. Significant results from La Luz are listed below.
| HOLE No. | FROM (m) | TO (m) | INTERVAL (m) | TRUE WIDTH (m) | Ag_g/t | Au_g/t | Pb_% | Zn_% | | Z22-24 | 8.40 | 10.10 | 1.70 | True Widths TBD | 227.18 | 0.02 | 0.17 | 0.21 | | Z22-25 | 147.95 | 149.65 | 1.70 | 0.77 | 113.10 | 0.05 | 0.96 | 2.83 | | Z22-32 | 26.55 | 28.23 | 1.68 | True Widths TBD | 239.48 | 0.02 | 0.03 | 0.06 |
The San Antonio Zinc vein system is located 4km southeast of IMPACT's operating Guadalupe Processing Plant and on trend with the Cuchara mine vein system. The increase in the zinc price led to testing the extent and continuity of San Antonio's known mineralized system which was last explored in 2007. A total of seventeen holes were drilled to test the system at depth and along strike of historic mine workings and previous drilling.
Significant San Antonio zinc results are listed below.
| HOLE No. | FROM (m) | TO (m) | INTERVAL (m) | TRUE_WIDTH (m) | Ag g/t | Au g/t | Pb % | Zn % | | Z22-40 | 56.65 | 58.25 | 1.60 | True Widths TBD | 9.24 | 0.09 | 0.65 | 2.49 | | Z22-43 | 115.00 | 118.85 | 3.85 | True Widths TBD | 18.16 | 0.51 | 0.60 | 2.30 | | Z22-43 | 153.10 | 154.35 | 1.25 | True Widths TBD | 85.10 | 0.15 | 0.53 | 1.72 | | Z22-45 | 115.92 | 118.10 | 2.18 | True Widths TBD | 38.40 | 0.30 | 0.35 | 1.99 | | Z22-45 | 157.10 | 160.60 | 3.50 | True Widths TBD | 22.40 | 1.59 | 0.10 | 1.04 | | Z22-46 | 116.15 | 118.45 | 2.30 | True Widths TBD | 11.34 | 0.42 | 0.22 | 6.25 | | Z22-46 | 166.00 | 166.30 | 0.30 | True Widths TBD | 24.40 | 1.66 | 1.35 | 5.62 | | Z22-47 | 132.50 | 134.45 | 1.95 | True Widths TBD | 30.62 | 0.08 | 2.60 | 1.86 | | Z22-49 | 188.00 | 189.35 | 1.35 | True Widths TBD | 34.85 | 0.03 | 2.84 | 4.21 | | Z22-50 | 210.75 | 212.85 | 2.10 | True Widths TBD | 32.00 | 0.73 | 0.19 | 1.48 | | Z22-55 | 103.80 | 105.34 | 1.54 | True Widths TBD | 23.71 | 0.24 | 0.39 | 2.77 | | Z22-55 | 50.25 | 53.25 | 3.00 | True Widths TBD | 11.13 | 1.90 | 0.26 | 0.69 |
Other drill results from these and other targets were low grade. Drilling is continuing with IMPACT's underground rig in the Mina Grande mine located in the Cuchara area and field exploration is continuing on multiple targets. Plans are being made for a large drill program in 2023.
ABOUT IMPACT SILVER
IMPACT Silver Corp. is a successful silver-gold explorer-producer with two processing plants on adjacent districts within its 100% owned mineral concessions covering 211km2 in central Mexico with excellent infrastructure and labor force. Over the past 16 years, IMPACT has produced over 11.5 million ounces of silver, generating revenues over $230 million, with no long-term debt.
At the Royal Mines of Zacualpan Silver District, three underground silver mines and one open pit mine feed the central Guadalupe processing plant. To the south, in the Mamatla District, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI 43-101 inferred mineral resource of over 4.5 million oz silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016 for details and QP statement); Company engineers are reviewing Capire for a potential restart of operations. With 16 years of exploration successes leading to production cash flows, IMPACT has shown the Zacualpan Silver-Gold District to be endowed with many high-grade silver and gold zones and has placed multiple zones into commercial production.
Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com. Follow us on Twitter @IMPACT_Silver and LinkedIn at https://www.newsfilecorp.com/redirect/rY34rUDjxX?r=aHR0cHM6Ly9jYS5maW5hbmNlLnlhaG9vLmNvbS8=.
Qualified Person and NI 43-101 Disclosure
Silvia Kohler, P.Geo. is a "qualified person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.
On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO
For more information, please contact:
Jerry Huang
CFO | Investor Relations
(604) 681 0172 or inquiries@impactsilver.com
(778) 887 6489 Direct
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 and Cautionary Statements
This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements with respect to the expected use of proceeds of the Private Placement.
Such forward-looking information involves known and unknown risks and assumptions, including with respect 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.
The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101 the Company is required to disclose that it has not based its production decisions on NI 43-101 compliant mineral resource or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.
303-543 Granville Street
Vancouver, BC, Canada V6C 1X8
Telephone 604 664-7707
www.impactsilver.com
Twitter
LinkedIn
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| From: LoneClone | 2/16/2023 4:53:01 PM | | | | | | IMPACT Silver Signs Binding Conditional Agreement to Purchase Plomosas Zinc-Lead-Silver Mine in Mexico
newsfilecorp.com
Vancouver, British Columbia--(Newsfile Corp. - February 9, 2023) - IMPACT Silver Corp. (TSXV: IPT) (OTC Pink: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") is pleased to announce it has signed a Share Purchase and Sale Agreement (the "Sale Agreement") with Consolidated Zinc Limited (ASX: CZL) ("CZL") of Australia dated February 9, 2023 to purchase all of the outstanding shares of its subsidiary, Minera Latin America Zinc S.A.P.I de C.V. ("MLAZ"), which holds a 100% interest in the Plomosas zinc-lead-silver mine in the state of Chihuahua, northern Mexico.
HIGHLIGHTS
The acquisition will expand IMPACT's production profile from one to two producing operations – the Plomosas zinc-lead-silver district in northern Mexico and the Royal Mines of Zacualpan silver-lead-zinc(-gold) district in central Mexico.The purchase price is US$6 million consisting of a minimum US$3 million cash and the balance in IMPACT shares plus a 12% net profit interest royalty to CZL. Completion of the transaction is anticipated on or before April 7, 2023.CZL reported Plomosas JORC mineral resources1 of 215,000 tonnes grading 13.5% zinc, 6.3% lead and 34.0 g/t silver indicated, and 772,000 tonnes grading 13.1% zinc, 3.0% lead and 19.0 g/t silver inferred, at a 3% zinc cutoff at December 2021. IMPACT plans a drill program in 2023 to infill and test extensions of the known mineralization.Plomosas is host to high grade mineralization. Historical mining is in the global upper quartile for zinc grade with approximately 2.5MT mined since 1943 grading 15-25% zinc, 2-7% lead and 40-60 g/t silver with low deleterious elements2.CZL has been mining Plomosas since September 2018 except for some temporary short suspensions during Christmas. IMPACT plans to upgrade the mill and mine with the aim to continue mining followed by plans for expanding operations.IMPACT's highly skilled operations team has 17 years of underground mining and flotation milling experience at Zacualpan which it will bring to advance the Plomosas operations.Exploration potential at Plomosas is exceptional with only 600m of the 6 kilometre long structure assessed plus other exploration targets on the 3,019 hectare property including untested copper-gold targets. Regionally, Plomosas lies in the same mineral belt as some of the largest silver-lead-zinc carbonate replacement deposits ("CRD") in the world2.
CEO STATEMENT
Chairman and CEO Frederick Davidson commented, "We are truly pleased to acquire a second mining district after evaluating hundreds of projects over the years in an effort to grow IMPACT. Currently Plomosas is a relatively small mining operation on a large mineral system. Our goal is to upgrade and expand operations to optimize production from the large mineral system. Our Mexican technical team is exceptionally skilled in building and efficiently operating mines like this and we will bring our 17 years of underground operating experience at the Royal Mines of Zacualpan to hone and grow the Plomosas operations. The technical and management overlap with similarity of asset and operations provides great synergy for the transaction and represents near term growth of our production levels and value to shareholders."
PLOMOSAS PROJECT OVERVIEW
The Plomosas project is located 110 km by road from Chihuahua City, the state capital, which is a two-hour flight from Dallas, Texas, USA. The district was discovered in 1832 and has seen small scale mining since 1868. Historical mining is in the global upper quartile for zinc grade with approximately 2.5MT mined since 1943 grading 15-25% zinc, 2-7% lead and 40-60 g/t silver with low deleterious elements2.
The mine and mill are fully permitted, have an offtake smelter contract2 and have been in production by CZL since September 2018 except for some temporary short suspensions during Christmas. In 2021 CZL processed 31,695 tonnes producing 2,442 tonnes of zinc concentrate and 599 tonnes of lead concentrate. Mine access is by 3 portals reaching a depth of 250m below surface and an old shaft that can be refurbished2. Mineral is processed in a 200 tonne per day conventional flotation mill (recently operating under capacity) with plans to expand. IMPACT plans to upgrade the mill and mine with the aim to continue mining in the near term followed by plans for expanding operations. The Plomosas Property is subject to an underlying 1% Net Smelter Royalty.
The 3,019 hectare property covers extensive carbonate replacement deposit-type ("CRD") zinc-lead-silver mantos (beds) mainly hosted in carbonates (limestones, marbles). CZL reported Australian JORC mineral resources1 of 215,000 tonnes grading 13.5% zinc, 6.3% lead and 34.0 g/t silver indicated, and 772,000 tonnes grading 13.1% zinc, 3.0% lead and 19.0 g/t silver inferred, at a 3% zinc cutoff at December 2021. IMPACT plans a drill program in 2023 to infill and test extensions of the known mineralization.
Exploration potential at Plomosas is exceptional with only 600m of the 6 kilometre long structure assessed plus other exploration targets including untested copper-gold targets. Regionally Plomosas lies in the same mineral belt as some of the largest CRD deposits in the world (see Map 1)2. The historic Santa Eulalia Mine is the world's largest historic CRD deposit and is located 100km west of Plomosas (see Map 1). Historic production at Santa Eulalia was over 450Moz silver from 51MT averaging 350 g/t silver, 8.2% lead and 7.8% zinc and mined over 300 years. Reference to this nearby project is for information purposes only and there are no assurances that Plomosas will achieve similar results.
TERMS OF THE TRANSACTION
The material terms of the transaction are as follows.
IMPACT will pay the following consideration to CZL for a 100% interest in MLAZ, the Mexican subsidiary of CZL that owns a 100% interest in the Plomosas Project:
US$6 million consisting of a minimum US$3 million cash and the balance in IMPACT common shares (the "IMPACT Shares"). Closing adjustments based on working capital at closing are provided in the Sale Agreement; Contractual restrictions on transfer will be applied to 75% of the IMPACT Shares, such that IMPACT Shares will be released from restriction in three equal tranches of 25% every 6 months over 18 months from closing. 25% of the IMPACT Shares will be immediately held by CZL (subject to a statutory 4 month hold period from the date of issuance of the IMPACT Shares); and a 12% net profit interest ("NPI") royalty on production from the Plomosas project to CZL. It is anticipated that upon closing and assuming US$3 million payment made in IMPACT Shares, CZL will hold approximately 6% of the issued capital in IMPACT. The deemed per share price will be determined in accordance with the Sale Agreement and will be the 20 day VWAP before the date of the Sale Agreement or an equivalent price to an IMPACT financing, should one be conducted before closing.
Completion of the Sale Agreement is subject to certain industry standard closing conditions for a transaction of this kind (the "Conditions") being satisfied or waived by March 31, 2023. Completion is expected to occur within 7 days of the Conditions being satisfied or waived. Conditions include, among others, TSX Venture Exchange approval of the purchase of MLAZ and the issuance of IMPACT Shares as partial consideration.
IMPACT has cash on hand to close the Sale Agreement, but may conduct a financing in the near-term for additional working capital.
ABOUT CONSOLIDATED ZINC LIMITED
Consolidated Zinc Limited is an Australian junior exploration company listed on the Australian Stock Exchange (ASX: CZL). It owns 100% interests in the Pilbara Lithium and Wandagee Projects, which comprise approximately 1,400km2 in 5 granted exploration licences (plus 1 EL Application), located in the Pilbara and Gascoyne regions of Western Australia. The Pilbara Projects are highly prospective for lithium and situated near two of the world's largest hard rock lithium deposits/mines (PLS – Pilgangoora & MIN – Wodgina) and other deposits and occurrences near Marble Bar (GL1's Archer Project). Consolidated Zinc also owns the Plomosas Mine (Mexico) where, as described in this news release, Consolidated Zinc has signed a binding conditional sale agreement with IMPACT Silver for the sale of the Plomosas project for US$6 million (cash and shares) plus a 12% NPI royalty.
Jett Capital Advisors, LLC are acting as advisor to Consolidated Zinc Limited.
ABOUT IMPACT SILVER
IMPACT Silver Corp. (TSXV: IPT) is a successful producer-explorer with two mining projects in Mexico.
Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project where three underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI 43-101 inferred mineral resource of over 4.5 million oz silver, 48 million lbs zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016 for details and QP statement, and Footnote 3 below for report reference). Company engineers are reviewing Capire for a potential restart of operations. Over the past 17 years, IMPACT has placed multiple zones into commercial production and produced over 11.5 million ounces of silver, generating revenues over $230 million, with no long-term debt. Plomosas Zinc-Lead-Silver District: IMPACT signed the sale agreement with Consolidated Zinc Limited (ASX: CZL) of Australia to purchase the 30 km2 Plomosas property and mining operations for US$6 million (cash and shares) plus a 12% net profits interest. Plomosas is a high grade zinc-lead-silver producer with exceptional exploration potential. Upon closing of the purchase / sale transaction, IMPACT plans to upgrade the mill and mine with the aim to recommence operations in the near term followed by plans for expanding operations. Exploration potential at Plomosas is exceptional with only 600m of the 6 kilometre long structure assessed plus other exploration targets including untested copper-gold targets. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits ("CRD") in the world.Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com. Follow us on Twitter @IMPACT_Silver and LinkedIn at https://www.newsfilecorp.com/redirect/moaM0fp55n?r=aHR0cHM6Ly9jYS5maW5hbmNlLnlhaG9vLmNvbS8=.
Qualified Person and NI 43-101 Disclosure
George Gorzynski, P.Eng., is a "qualified person" within the meaning of NI 43-101 and has approved the technical information contained in this news release. Mr. Gorzynski is Vice-President, Exploration and a director of IMPACT.
On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO
For more information, please contact:
Jerry Huang
CFO | Investor Relations
O: (604) 681 0172 or inquiries@impactsilver.com
C: (778) 887 6489 Direct
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.
Footnotes:
1. Plomosas mineral resources are reported by Consolidated Zinc Ltd. (ASX: CZL) on their website (https://www.newsfilecorp.com/redirect/kzZM0TLKKx?r=aHR0cHM6Ly9jYS5maW5hbmNlLnlhaG9vLmNvbS8=) under the Australian JORC (2012) Code as mineral resources "depleted as at December 2021". IMPACT's Qualified Person has reviewed but not verified in detail these current reported mineral resources and is only reporting them as material recent mineral resources reported by CZL and available in the public record. IMPACT believes the estimates are relevant and reliable, given they are reported to Australian JORC standards; however, IMPACT's Qualified Person has not done sufficient work to classify them as current Canadian NI 43-101 mineral resources.
2. Reference: Alexandri, A. Gonzalez, H., & Salas, H. (2022). Plomosas Project (CZL), Field Visit Report. IMPACT Silver Corp. private report on field visits and compilation of historic and recent data, 56 pages.
3. Reference: Ristorcelli, S.J. & Gorzynski, G. (2016). Technical Report on Mineral Resources for the Capire Silver-Lead-Zinc Project, Pedro Ascencio Alquisiras Municipality, Guerrero, Mexico. Prepared for IMPACT Silver Corp. by Mine Development Associates, Reno, Nevada. 82 pages. Available on www.sedar.com.
Forward-Looking and Cautionary Statements
This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements include, but are not limited to, statements regarding completion of the Plomosas agreement and estimated timing thereof, the potential for defining and extending the known mineralization, and plans for drilling and future operations at the Company's projects or plans for financing.
Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitation, 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, pandemics 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 or beliefs, opinions, projections or other factors, except as required by law.
At Zacualpan, the Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101, the Company is required to disclose that it has not based its Zacualpan production decisions on NI 43-101 mineral resources or reserve estimates, preliminary economic assessments or feasibility studies, and historically such projects have increased uncertainty and risk of failure.
303-543 Granville Street
Vancouver, BC, Canada V6C 1X8
Telephone 604 664-7707
www.impactsilver.com
Twitter
LinkedIn
Figure 1: Location map of Plomosas Mine and nearby mines and infrastructure. References to nearby projects are for information purposes only and there are no assurances that Plomosas will achieve similar results.
To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com
Figure 2: Schematic cross section of Plomosas Mine mineralization (from CZL website).
To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com |
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