| From: LoneClone | 4/18/2024 2:15:49 PM | | | | | | IMPACT Silver Intersects 10.22% Zinc over 8.6m Including 30.10% Zinc over 1.1m at the Plomosas Mine
newsfilecorp.com
April 18, 2024 9:39 AM EDT | Source: IMPACT Silver Corp.
Vancouver, British Columbia--(Newsfile Corp. - April 18, 2024) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") is pleased to announce further results from an ongoing drill program at the Tres Amigos Zone at its recently acquired Plomosas zinc (-lead-silver) mine in northern Mexico.
HIGHLIGHTS
- The Tres Amigos drill program continues to confirm the presence of high-grade mineralization in the area of the Plomosas Mine.
- Drill hole TASC-24-28 intersected a wide interval grading 10.22% zinc, 0.50% lead and 8 g/t silver over 8.6 metres including 14.67% zinc, 0.66% lead and 11 g/t silver over 5.5 metres and including 30.10% zinc, 0.86% lead and 14 g/t silver over 1.1 metres.
- Drill hole TASC-24-29 intersected 10.54% zinc, 5.48% lead and 19 g/t silver over 3.6 metres including 17.95% zinc, 10.16% lead and 32 g/t silver over 1.85 metres.
- Drill hole TASC-24-32 intersected a wide 11.7 metre interval averaging 4.16% zinc, 2.43% lead and 13 g/t silver including a very high-grade section grading 30.10% zinc, 18.05% lead and 84 g/t silver over 0.8 metres.
- The Tres Amigos Zone remains open for expansion and drilling is continuing.
- High priority targets have been identified for drilling elsewhere on the property.
| TABLE 1: PLOMOSAS DRILL RESULTS - TRES AMIGOS ZONE | | Hole No. | From (metres) | To (metres) | Interval (metres) | Zinc (%) | Lead (%) | Silver (g/t) | | TASC_24_027 | 231.00 | 235.90 | 4.90 | 6.19 | 2.66 | 21 | | Including | 234.80 | 235.90 | 1.10 | 20.90 | 7.96 | 41 | | TASC_24_028 | 247.80 | 256.40 | 8.60 | 10.22 | 0.50 | 8 | | Including | 250.90 | 256.40 | 5.50 | 14.67 | 0.66 | 11 | | Including | 252.40 | 255.00 | 2.60 | 23.61 | 0.79 | 15 | | Including | 253.90 | 255.00 | 1.10 | 30.10 | 0.86 | 14 | | TASC_24_029 | 247.10 | 250.70 | 3.60 | 10.54 | 5.48 | 19 | | Including | 247.10 | 248.95 | 1.85 | 17.95 | 10.16 | 32 | | TASC_24_030 | 279.70 | 281.20 | 1.50 | 7.98 | 0.05 | 5 | | TASC_24_031 | 196.00 | 197.00 | 1.00 | 3.09 | 1.96 | 9 | | TASC_24_032 | 220.8 | 232.5 | 11.70 | 4.16 | 2.43 | 13 | | Including | 231.70 | 232.50 | 0.80 | 30.10 | 18.05 | 84 | | TASC_24_033 | 90.90 | 92.35 | 1.45 | 6.93 | 0.91 | 7 |
Drilled intervals are interpreted to be approximate true widths. Other holes drilled on the eastern extension of the Tres Amigos Zone mining area intersected low grades.
CEO STATEMENT
President and CEO Frederick Davidson commented, "It is very encouraging that we continue to drill high grade intersections in the Tres Amigos Zone at the Plomosas Mine. These intersections are located close to current mine workings and represent near term high grade mineralization for mining once operations are fully underway. When the near mine drilling is completed, we will next move the drill to test high priority targets beyond the immediate mine area."
PLOMOSAS MINE GEOLOGY AND MINERALIZATION
The Plomosas mine, a historic high grade zinc producer in northern Mexico (Figure 1), was recently acquired by the Company which has undertaken a surface drill program in the Tres Amigos area of the mine and has conducted an underground sampling program in stopes of the Plomosas mine which were partially exploited by the previous operator. Mineralization at the Plomosas mine occurs as zinc-rich Carbonate Replacement zones along certain horizons of the local sedimentary rock sequence. Two main mineralized horizons have provided the bulk of historic production, the Mina Vieja marble and the Juarez limestone, where structural ground preparation along these two units resulted in concentrations of zinc, lead and silver (Figure 2).
The Company initiated an exploration drill program on the Juarez limestone in the Tres Amigos area to test mineralization near workings with known mineralization from historic work. Mineralization in the Juarez limestone generally forms pods of high-grade zinc and lead at and near the contact with an overlying shale, and drill results such as reported here indicate potential for a additional high grade mineralization in this area providing impetus for further exploration.
ABOUT IMPACT SILVER
IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) 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 in central Mexico 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). Company engineers are reviewing Capire for a potential restart of operations. Over the past 18 years, IMPACT has placed multiple zones into commercial production and produced nearly 13 million ounces of silver, generating revenues over $260 million, with no long-term debt.
- Plomosas Zinc-Lead-Silver District: IMPACT has begun preliminary mining and processing operations at its 100% owned Plomosas high-grade zinc mine in northern Mexico. Exploration upside potential is exceptional where only 600m of the 6 km-long structure have seen modern exploration. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material from surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.
Quality Control/Quality Assurance
Samples reported in this news release were analyzed by ALS Group, an internationally recognized analytical services provider. Samples analyzed by ALS used a multielement ICP package for silver and base metals. Assays for base metals >1% used an overlimit ICP method. For samples with >30% Zn a wet chemical method is used. Certified Reference Materials and internal control samples are added to the sample stream at regular intervals to track accuracy of assays.
Qualified Person and NI 43-101 Disclosure
George Gorzynski, P.Eng., VP Exploration and a Director of IMPACT Silver Corp., is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.
Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com. Follow us on X (formerly Twitter) @IMPACT_Silver and LinkedIn at https://api.newsfilecorp.com/redirect/Bpekeuy170
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.
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 interpretation of drill results, activity at the projects and estimated timing thereof, the potential for defining and extending the known mineralization, exploration potential on the properties, 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, criminal activity, 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.
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 at Zacualpan 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 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 Telephone 604 664-7707
Vancouver, BC, Canada V6C 1X8
www.impactsilver.com
X (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.
To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com
 SOURCE: IMPACT Silver Corp. |
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| From: LoneClone | 4/30/2024 1:44:57 PM | | | | | | IMPACT Silver Announces C$6.2 Million Non-Brokered Private Placement Financing
newsfilecorp.com
April 30, 2024 11:25 AM EDT | Source: IMPACT Silver Corp.
Vancouver, British Columbia--(Newsfile Corp. - April 30, 2024) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") is pleased to announce a non-brokered private placement financing (the "Offering"), pursuant to the listed issuer financing exemption (LIFE) of National Instrument 45-106 Prospectus Exemptions ("NI 45-106") and other private placement exemptions under NI 45-106. The LIFE portion of the Offering is referred to in this news release as the "LIFE Offering". The Company intends to raise gross proceeds of up to $3,200,000 from the sale of up to 11,428,572 units (the "LIFE Units") at a price of $0.28 per LIFE Unit, and up to $3,000,000 from the sale of up to 11,111,111 standard private placement units (the "Standard PP Units") at $0.27 per Standard PP Unit. Each LIFE Unit will consist of one common share of the Company and one half common share purchase warrant (each whole such warrant, a "Warrant"), with each Warrant entitling the holder thereof to acquire one common share of the Company (a "Warrant Share") at a price of $0.34 per Warrant Share for a period of 24 months from its date of issue. Each Standard PP Unit will consist of one common share of the Company and one full Warrant, with each Warrant entitling the holder thereof to acquire one Warrant Share at a price of $0.34 per Warrant Share for a period of 24 months from its date of issue.
The Company intends to use the proceeds from the Offering to accelerate exploration activity at its Plomosas high-grade zinc-lead-silver property located in Chihuahua, Mexico, further develop its prolific silver assets at its legacy Royal Mines of Zacualpan district, as well as invest in operational improvements to improve productivity and throughput as the price of silver nears 52-week highs. Exploration activities include sampling, target definition, and drilling with the intention of expanding the existing JORC mineral resource at Plomosas, where only 600m of the 6-kilometre-long structure has been tested. The region is known for hosting some of the largest carbonate replacement deposits in the world. As such, the Company intends to allocate a portion of the proceeds to continue development and grow production at the Plomosas high-grade zinc deposit as zinc prices continue to outperform on the back of forecasted supply deficits.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions, the LIFE Offering is being made pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the "Listed Issuer Financing Exemption"). The securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document (the "Offering Document") related to the LIFE Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at impactsilver.com. Prospective investors should read this Offering Document before making an investment decision.
The Offering is scheduled to close on or about the week of May 15, 2024 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange (the "Exchange"). The Company may pay finder's fees or commissions on a portion of the Offering, subject to compliance with the policies of the Exchange and applicable securities legislation. All common shares and Warrants issued as part of the Standard PP Units will bear a hold period of four months and one day from the date of issuance.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws.
ABOUT IMPACT SILVER
IMPACT Silver Corp. (TSXV: IPT) is a successful producer-explorer with two mining projects in Mexico.
Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. The Company recently re-commenced operations and has plans for expansion in 2024. Exploration potential at Plomosas is exceptional with only 600m of the 6 km-long structure having been explored to date. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material from surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.
Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project in central Mexico where four 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). Company engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. Over the past 17 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 12 million ounces of silver, generating revenue more than $256 million.
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.
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. All statements, other than statements of historical facts, included herein, including, without limitation, statements relating to future silver prices, interpretation of drill results, future work plans, the timing of closing of the Offering, proceeds received and use of funds, the potential of the Company's projects, and potential and plans for the Plomosas project, are forward looking statements. 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. There is no assurance that (i) the Company will be able to complete the Offering on the terms set out above, or at all, or (ii) that the proceeds of the Offering will be expended as contemplated.
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, except as required by law.
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
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
 SOURCE: IMPACT Silver Corp. |
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| From: LoneClone | 5/6/2024 2:22:36 PM | | | | | | Impact Silver Intersects 213 g/t Silver over 17.30m Including 1,400 g/t Silver over 0.75m on New Discovery at Guadalupe Mine
newsfilecorp.com
May 06, 2024 7:30 AM EDT | Source: IMPACT Silver Corp.
Vancouver, British Columbia--(Newsfile Corp. - May 6, 2024) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") is pleased to announce a new silver vein discovery in its producing Guadalupe silver mine in the Royal Mines of Zacualpan Silver-Gold District, Mexico.
GUADALUPE UNDERGROUND DRILLING - NEW DISCOVERY
Underground drilling south from Level 140 of the Guadalupe Mine intersected new significant mineralization designated Kena Vein South, within 100-200 metres of active mine workings. Assays have been received from the first four drill holes in the zone:
| TABLE 1: KENA VEIN SOUTH DRILL RESULTS - GUADALUPE MINE | | Hole No. | From (metres) | To (metres) | Interval (metres) | Silver (g/t) | Gold (g/t) | Lead (%) | Zinc (%) | | MPZ-UG-001-24 | 79.45 | 81.10 | 1.65 | 377.9 | 0.40 | 0.27 | 0.42 | | And | 178.10 | 178.85 | 0.75 | 1,400.0 | 0.39 | 0.90 | 2.09 | | And | 206.70 | 224.00 | 17.30 | 213.8 | 0.02 | 0.15 | 0.25 | | Including | 206.70 | 210.60 | 3.90 | 357.7 | 0.03 | 0.18 | 0.41 | | And | 231.80 | 232.10 | 0.30 | 782.0 | 0.06 | 0.13 | 0.29 | | MPZ-UG-003-24 | 241.62 | 242.40 | 0.78 | 463.0 | 0.09 | 0.63 | 1.23 | | And | 254.00 | 255.20 | 1.20 | 198.0 | 1.99 | 3.31 | 5.93 | | MPZ-UG-004-24 | 179.50 | 179.90 | 0.40 | 1,450.0 | 0.65 | 2.16 | 3.05 | | And | 263.00 | 263.70 | 0.70 | 1,615.0 | 0.58 | 1.83 | 6.05 |
True widths are interpreted to be 85-100% of drill intervals. Hole UG-002-24 was drilled 50 metres to the northwest of the new discovery area and intersected low grades. The wide, high grade intersection in hole MPZ-UG-001-24 is interpreted to be locally thickened by stacked splay veins off the main vein.
The Kena Vein South has now been drill tested over a length of 150 metres from mine Level 140 and is open for extension to the southeast, updip and downdip. Drilling is continuing.
CEO STATEMENT
President and CEO Frederick Davidson commented, "The Guadalupe mine first began production almost 500 years ago and we are still finding new discoveries in the swarm of veins that make up the mine complex mineralizing system. We are currently drilling this new Kena Vein South from the 140 metre level of the mine. We will next move the drill to lower and higher levels of the mine to fully define the vein for mining. The close proximity of the new vein to current active mine workings will allow for rapid and low cost mine development."
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 in central Mexico 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). Company engineers are reviewing Capire for a potential restart of operations. Over the past 18 years, IMPACT has placed multiple zones into commercial production and produced over 13 million ounces of silver, generating revenues over $261 million, with no long-term debt.
- Plomosas Zinc-Lead-Silver District: IMPACT has begun preliminary mining and processing operations at its 100% owned Plomosas high-grade zinc mine in northern Mexico where upgrades to facilities and equipment continue. Exploration upside potential is exceptional where only 600m of the 6 km-long structure have seen modern exploration. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material from surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.
Quality Control/Quality Assurance
Samples reported in this news release were analyzed by ALS Group, an internationally recognized analytical services provider, using a multielement ICP package for silver and base metals, and fire assay and AAS for gold. Assays for base metals >1% resorted to an overlimit method. Certified Reference Materials and internal control samples are added to the sample stream at regular intervals to monitor assay quality control.
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.
Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com. Follow us on X (formerly Twitter) @IMPACT_Silver and LinkedIn at https://www.linkedin.com/company/impactsilver.
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.
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. All statements, other than statements of historical facts, included herein, including, without limitation, statements relating to future silver prices, interpretation of drill results, future work plans, the timing of closing of the Offering, proceeds received and use of funds, the potential of the Company's projects, and potential and plans for the Plomosas project, are forward looking statements. 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. There is no assurance that (i) the Company will be able to complete the Offering on the terms set out above, or at all, or (ii) that the proceeds of the Offering will be expended as contemplated.
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, except as required by law.
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
 SOURCE: IMPACT Silver Corp. |
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| From: LoneClone | 5/29/2024 12:25:12 PM | | | | | | IMPACT Silver Announces Q1 2024 Financial Results with Improved Revenue and Investment
newsfilecorp.com
May 28, 2024 4:12 PM EDT | Source: IMPACT Silver Corp.
Vancouver, British Columbia--(Newsfile Corp. - May 28, 2024) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") announces its financial and operating results for the first quarter ended March 31, 2024. The Company reports revenue of $5.3 million in Q1 2024, of which $4.3 million was from Guadalupe Mining Centre with $1.0 million from the start-up operations at the Plomosas mine which was acquired in April 2023 . There was a net loss during the period of $3.1 million, primarily from MLAZ (Plomosas zinc mine) as that company incurred $2.8 million in operating costs expensed during the quarter to upgrade the facilities.
Subsequent to quarter-end, the Company announced a non-brokered private placement financing of up to $10.2 million, and closed the first tranche for aggregate gross proceeds of $7.1 million. The second tranche is anticipated to close on or before the week of June 3, 2024. During the quarter, the Company continued to focus on exploration and development of its mining districts and spent $1.9 million on these programs.
The price of silver and zinc started to improve towards the end of the quarter as a more dovish policy from the U.S. Federal Reserve led to speculation of interest rate cuts in 2024. These gains were reinforced as it became clearer that inflation was trending towards the central bank's target of 2%.
Major Investment in Rehabilitation Setting Stage for Growing 2024 Production
Throughout the first quarter, management sought to accelerate maintenance, rehabilitation and underground development efforts at both mines including upgrading the underground railway track system and shaft at Zacualpan while redesigning the Plomosas mine plan and planning a low-cost solar and battery power solution at Plomosas. The second quarter has already seen significant upward price movement in commodity prices, namely for silver and zinc which are the Company's two main revenue sources. Additionally, the Company successfully negotiated a new labour agreement with the primary union at the Zacualpan silver operation, allowing for added cost certainty and more efficient production going forward.
Fred Davidson, President & CEO of IMPACT, stated, "We spent the first quarter positioning the Company for the future. Major rehabilitation efforts at the Zacualpan operation and the development at Plomosas mine, coupled with added visibility for a significant portion of our cost structure such as labour at Zacualpan and the potential low cost sustainable power at Plomosas, have positioned the Company to benefit from the current increase in commodity prices. Management expects operating profit to improve throughout the year as both operations ramp up to full design capacity and investments made over the last 12 months begin to bear fruit for investors."
Q1 2024 Review
Zacualpan Silver Operation
During the quarter, the Company milled a total of 31,735 tonnes of mill feed at the Zacualpan/Guadalupe complex, down from 35,825 tonnes in Q4 2023. The decline was due to maintenance at the mine including rebuilding the underground railway track system and shaft which resulted in production stops during the quarter. The Company returned to normal capacity levels by the end of the period.
As a result, silver production from the Guadalupe complex during the period was 137,291 oz compared to 156,430 oz in Q4 2023. The average mill head grade on a silver-equivalent basis in Q1 2024 was 161 g/t compared to 160 g/t in Q4 2023. Lower gold production was due to reduced recoveries as well a temporary stop in production at the gold-rich Alacran mine while conducting metallurgical studies. Alacran is the principal source of gold production and with improved recoveries is expected to return to production in the second half of 2024. Notwithstanding, revenue per tonne sold in the period was comparable at $134.59 to $135.80 in Q4 2023, while direct costs per tonne decreased to $128.12 from $152.38.
Plomosas Zinc Operation
At the Plomosas mine, the Company recommenced limited test production in October 2023, after a substantial stage one rehabilitation program following the acquisition of the mine in April 2023. In Q1 2024, the Plomosas mine continued the gradual start-up of operations processing 3,594 tonnes with a grade of 15.3% zinc. Typical start-up pauses are ongoing to review and optimize processes. Continued improvements are taking place, and the mine is expected to reach design capacity of 200 tpd later in 2024.
Outlook
Management believes the Company is well-positioned as an intermediate miner offering investors exposure to three distinct verticals across the mining sector, including exploration, production, and growth.
IMPACT continues to be one of the purest intermediate silver miners with nearly all the Company's revenue coming from silver-focused operations during the quarter. Later in 2024, the Company's high-grade Plomosas zinc mine is anticipated to meaningfully contribute to the overall revenue mix, especially as zinc has been one of the top base metal performers this year, with pricing up nearly 30% from 2024 lows in Q1. Meanwhile, the Company continues to seek increased gold production and aims to aggressively expand exploration activity at both mines to drive higher grade and profitability.
A recorded conference call reviewing the financial and production results of the quarter ended March 31, 2024 will be available on the Company website on May 30, 2024 at api.newsfilecorp.com.
The information in this news release should be read in conjunction with the Company's unaudited Q1-24 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.sedarplus.ca. All amounts are stated in Canadian dollars unless otherwise specified.
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 in central Mexico where four 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). Company engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. Over the past 18 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 12 million ounces of silver, generating revenue more than $265 million, with no long-term debt.
Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. The Company recently began preliminary mining and processing operations where upgrades to facilities and equipment continue. Exploration potential at Plomosas is exceptional with only 600m of the 6 km-long structure have seen modern exploration. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material from surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.
Additional information about IMPACT and its operations can be found on the Company website at www.impactsilver.com. Follow us on X (Twitter) api.newsfilecorp.com and LinkedIn at api.newsfilecorp.com.
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.
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 continued start-up and ramp-up of operations, and improved operating profits.
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, community relations, criminal activity, 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.
 SOURCE: IMPACT Silver Corp. |
| | IMPACT Silver (IPT.V) | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: LoneClone | 8/20/2024 3:20:34 PM | | | | | | IMPACT Silver Announces Q2 2024 Results with Strong Revenue Growth of 40% on Increasing Plomosas Production
newsfilecorp.com
August 20, 2024 1:39 PM EDT | Source: IMPACT Silver Corp.
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2024) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") announces its financial and operating results for the second quarter ended June 30, 2024.
Overall revenue in Q2 2024 was $7.7 million, representing a significant 40% increase over Q2 2023 revenue of $5.5 million. Revenue in Q2 2024 includes $1.8 million from the Plomosas high-grade zinc mine up from $1.0 million in Q1 2024. The Plomosas high-grade zinc mine (acquired in April 2023) was brought online in late 2023 and therefore, year-over-year comparisons do not include any revenue or operating costs recorded in Q2 2023. Meanwhile, revenue at the Zacualpan silver-lead-zinc project increased to $5.9 million in Q2 2024 from $5.4 in Q2 2023 despite lower production on a year-over-year basis, owing mostly to stronger silver prices.
The mine operating loss (before amortization and depletion) in Q2 2024 was $0.2 million compared to income of $0.9 million Q2 2023 which did not include any start-up and operating costs from Plomosas. The Company continued to experience cost pressures at its mine sites, certain one-time costs associated with bringing the Plomosas mine online, and the negative effects of a strong Mexican Peso. The net loss in Q2 2024 was $2.6 million compared to a net loss of $0.9 million in Q2 2023.
Q2 2024 Consolidated Financial Overview
- Revenue in Q2 2024 was $7.7 million, up from $5.5 million in Q2 2023.
- Mine operating loss before amortization and depletion[1] in Q2 2024 was $0.22 million, compared to income of $0.9 million in Q2 2023.
- The net loss in Q2 2024 was $2.6 million after foreign exchange expense and deferred income taxes totalling $0.6 million compared to net loss of $0.9 million in Q2 2023.
- After investing $1.6 million in exploration expenditures and mining assets during the quarter, the cash position remained strong at quarter-end with $9.9 million and working capital of $8.8 million.
- During the quarter, the Company closed a non-brokered "LIFE" and private placement of $8.6 million.
- The Company has no long-term debt.
Q2 2024 Zacualpan Mine Production Overview
- Mill throughput in Q2 2024 was 35,062 tonnes compared to 35,753 tonnes in Q2 2023.
- Silver production during the period decreased by 2% to 152,152 oz compared to 155,744 oz in Q2 2023 while lead and gold production decreased on a year-over-year basis by 36% and 69%, respectively.
- Revenue per tonne sold was $168.17 in Q2 2024, representing an increase of 8% compared to $155.67 in the same period of 2023.
- Direct costs per production tonne were $153.26 in Q2 2024, representing an increase of 17% over Q2 2023 costs of $130.67 per tonne. Much of this increase is due to foreign exchange, a retroactive union labour settlement including associated bonuses, with the balance coming from inflation-related pressures in Mexico. On a Mexican Peso basis, costs for the first six months of 2024 were the same as the first six months of 2023.
Zacualpan Silver District Review
The Company's overall average mill head grade of 161 g/t during the period was down 1% year-over-year from 163 g/t in Q2 2023. Gold production during the period was temporarily reduced compared to the same period in 2023 as the Company adjusted mining efficiencies and improved recoveries from its gold-rich Alacran mine. The Company is continuing to focus on exploration and development of the mining district in Q2 2024, having drilled 5,243 meters over the last six months.
Stronger metal prices on a year-over-year basis are due to increased confidence of pending looser monetary policy in 2024 as well as geopolitical uncertainties emanating from Eastern Europe and the Middle East. A flight to safety has increased the flow of funds into commodities in general, and the mining sector in particular as investors seek protection from ongoing inflationary pressures. Notwithstanding, ongoing cost inflation continues to impact costs throughout the supply chain and labour network, despite a softening of these trends since late 2023. Moreover, the overall negative effect of a strong Mexican Peso continues to hamper the Company's profit margins. The rate of cost increases at Zacualpan may start to subside further in 2H 2024 as new labour contracts have provided some cost certainty while the Company works to improve throughput grade.
Q2 2024 Plomosas Mine Production Overview
- The Plomosas high-grade zinc mine (acquired in April 2023) was brought online in late 2023 and production continues to ramp up
- Mill throughput in Q2 2024 was 9,256 tonnes, up 157% from 3,594 tonnes in Q1 2024.
- Since the start of 2024, the average zinc grade was 14%, lead was 8.7% and silver was 43.7 g/t.
- Over the last six months, the Company drilled 14,377 meters to support ongoing and future production.
- Production at the start of Q2 2024 was approximately 100 tpd (tonnes per day), compared to no production in the same period last year.
- Costs at Plomosas stabilized over the first six months of 2024 despite ongoing costs related to site improvements and mine development, resulting in a $0.2 million cost decrease in Q2 2024 compared to Q1 2024.
Plomosas High-Grade Zinc Mine Review
Following the acquisition of the Plomosas high grade zinc (lead-silver) mine in April 2023, the Company was focused on rehabilitating the mine, plant and equipment, and commenced limited start-up operations in late 2023 while initiating an extensive exploration program. During Q2 2024, the Company accelerated the production ramp-up at Plomosas and expects continued growth in production levels, reaching 150-170 tpd by the end of Q3 2024 and eventually design capacity levels by late 2024/early 2025 of 225 tpd.
This production ramp up is reflected in the current financial results and should continue to play a larger role over the balance of 2024 and into 2025. As the operation reaches design capacity, investors should anticipate higher overall revenue from the project and an ongoing decrease in per tonne operating costs, as was the case in Q2 2024 compared to Q1 2024.
Fred Davidson, President & CEO of IMPACT, stated, "During the second quarter, our team at Plomosas successfully met its objective of increasing production throughput following a substantive but continuing mine rehabilitation program. As we approach design capacity levels over the coming quarters, we expect to expand the mine's development and increase high-grade production activity at site. Meanwhile, our silver operations at Zacualpan are adapting to higher cost profiles by improving efficiencies in terms of grade and recoveries, which we expect to bear fruit in 2025. Our new discovery of the Keno vein is exciting and potentially the start of a trend of new higher grade production results beginning later this year."
Outlook - Grade Improvement at Zacualpan & Production Increasing at Plomosas
The Company's strong balance sheet provides it with a solid footing to continue to improve efficiencies at the Zacualpan silver-lead-zinc operation while allowing for ongoing production increases at the Plomosas high-grade zinc mine.
Through year-end 2024, management expects the production mix at Zacualpan to reflect higher grade mine development on the back of recently encouraging exploration results. The operation can be nimble as it seeks higher grade production mixes from its various legacy mines and new discoveries. Meanwhile at Plomosas, exploration activity is ongoing with up to two drill rigs working to develop the resource. These efforts should lead to ongoing improvement in Company-wide overall revenues while management expects cost pressures to continue to abate heading into 2025.
The Company's recent exploration success at Zacualpan and production increases at Plomosas reflects its position as one of just a handful of intermediate miners offering investors exposure to three distinct verticals within the mining sector, including exploration, production, and overall growth.
A recorded conference call reviewing the financial and production results of the quarter ended June 30, 2024 will be available on the Company website on August 21st, 2024 at api.newsfilecorp.com.
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.sedarplus.ca. All amounts are stated in Canadian dollars unless otherwise specified.
ABOUT IMPACT SILVER
IMPACT Silver Corp. (TSXV: IPT) is a successful intermediate mineral producer and explorer with three mining projects in Mexico.
Royal Mines of Zacualpan Silver-Gold District: IMPACT owns 100% of the 211 km2 Zacualpan project in central Mexico where four 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). Company engineers are reviewing Capire for a potential restart of operations to leverage improving commodity prices. Over the past 18 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 12 million ounces of silver, generating revenue more than $271 million, with no long-term debt.
Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. The Company recently restarted mining operations and is expected to reach design capacity production levels over the next six months. Exploration potential at Plomosas is exceptional where only 600m of the 6 km-long structure have seen modern exploration. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material from surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits 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 api.newsfilecorp.com
Qualified Person and NI 43-101 Disclosure
George Gorzynski, P.Eng., VP Exploration and a Director of IMPACT, 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) 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 continued ramp-up of operations, and improved operating revenues and decreasing costs.
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, criminal activity, 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 statements, except as required by law.
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
X (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. See "Non-IFRS MEASURES".
 SOURCE: IMPACT Silver Corp. |
| | IMPACT Silver (IPT.V) | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
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| From: LoneClone | 12/3/2024 2:01:33 PM | | | | | | Impact Silver Intersects 16.60% Zinc over 2.5m and 27.50% Zinc over 1.1m at the Plomosas Mine
newsfilecorp.com
December 03, 2024 11:51 AM EST | Source: IMPACT Silver Corp.
Vancouver, British Columbia--(Newsfile Corp. - December 3, 2024) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") is pleased to announce further results from an ongoing drill program on the Tres Amigos Zone at its Plomosas zinc (-lead-silver) Mine in northern Mexico.
HIGHLIGHTS
- Recent surface drill results tested extensions of the Tres Amigos Zone including:
- Drill hole TASC-24-039 intersected a wide interval averaging 8.86% zinc, 2.65% lead and 12 g/t silver over 5.6m true width including a high-grade section grading 27.50% zinc, 3.43% lead and 19 g/t silver over 1.1 metres true width.
- Drill hole TASC-24-040 intersected 16.60% zinc, 8.04% lead and 35 g/t silver over 2.5 metres true width.
- Drill hole TASC-24-038 intersected 14.95% zinc, 0.72% lead and 16 g/t silver over 2.3 metres true width.
- The Tres Amigos Zone remains open for exploration and drilling is continuing.
Highlights of recent drilling at Tres Amigos are as follows:
TABLE 1: PLOMOSAS DRILL RESULTS - TRES AMIGOS ZONE
| | Hole No. | From
(metres) | To
(metres) | Interval
(metres) | Estimated True Width
(metres) | Zinc
(%) | Lead
(%) | Silver
(g/t) | | TASC-24-037 | 197.40 | 197.70 | 0.30 | 0.2 | 9.21 | 9.21 | 22 | | TASC-24-038 | 198.30 | 201.10 | 2.80 | 2.3 | 14.95 | 0.72 | 16 | | And | 228.25 | 228.95 | 0.70 | 0.6 | 14.35 | 13.85 | 54 | | TASC-24-039 | 205.20 | 212.60 | 7.40 | 5.6 | 8.86 | 2.65 | 12 | | Including | 206.70 | 209.60 | 2.90 | 2.2 | 18.47 | 4.33 | 20 | | Including | 206.70 | 208.10 | 1.40 | 1.1 | 27.50 | 3.43 | 19 | | TASC-24-040 | 214.60 | 217.60 | 3.00 | 2.5 | 16.60 | 8.04 | 35 | | And | 232.40 | 234.20 | 1.80 | 1.5 | 7.51 | 4.37 | 23 | | TASC-24-042 | 206.80 | 207.28 | 0.48 | 0.3 | 11.25 | 7.36 | 30 | | TASC-24-046 | 208.75 | 209.40 | 0.65 | 0.6 | 12.25 | 5.55 | 32 |
True width estimates are interpreted from current geological models. All these Tres Amigos area drill holes are beyond the current active mining area and lie outside the JORC mineral resource published by the previous operator (see IMPACT news release dated April 3, 2023 for details) except for TASC-24-37 which was an infill hole in the mine area. Other recent holes drilled on the extension of the Tres Amigos Zone mining area intersected low grades. Tres Amigos area mineralization remains open for exploration and drilling is continuing.
CEO STATEMENT
President and CEO Frederick Davidson commented, "We are pleased with these new high-grade drill intersections on extensions of the Tres Amigos Zone adding mineralization for ongoing mining. We now have two drills testing extensions of near mine targets and plans to carry out exploration drilling on other targets along the under-explored six kilometre trend next year. On the production side, we continue to ramp up operations with the aim to reach mill capacity in Q1/2025."
PLOMOSAS MINE GEOLOGY AND MINERALIZATION
The Plomosas mine, a historic high-grade zinc producer in northern Mexico (Figure 1), was acquired last year by the Company. Recent drill programs have been undertaken in the Tres Amigos area on extensions of active mine areas and nearby in the new Juarez Mine area. Mineralization at the Plomosas mine occurs as zinc-rich Carbonate Replacement zones along certain horizons of the local sedimentary rock sequence. Two main mineralized horizons have provided the bulk of historic production, the Mina Vieja (Tres Amigos) marble and the Juarez limestone, where structural ground preparation along these two units resulted in concentrations of zinc, lead and silver (Figure 2).
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 in central Mexico where four producing 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 ozs 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 to leverage improving commodity prices. Over the past 18 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 13 million ounces of silver, generating revenue of more than $277 million, with no long-term debt.
- Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. The Company recently restarted mining operations and is ramping up production toward design capacity levels. Exploration potential at Plomosas is exceptional where only 10% of the 6 km-long structure have seen modern exploration. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material from surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.
Quality Control/Quality Assurance
Samples reported in this news release were analyzed by ALS Group, an internationally recognized analytical services provider. Samples analyzed by ALS used a multielement ICP package for base metals and silver. Assays for base metals >1% used an overlimit ICP method. Certified Reference Materials and internal control samples are added to the sample stream at regular intervals to track accuracy of assays.
Qualified Person and NI 43-101 Disclosure
Jose Antonio Olmedo, P.Geol., a Director of IMPACT Silver Corp and a "Qualified Person" within the meaning of NI 43-101, has approved the technical information in this news release.
Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com. Follow us on X (formerly Twitter) @IMPACT_Silver and LinkedIn at https://api.newsfilecorp.com/redirect/QOWebU2kPN
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.
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 interpretation of drill results, activity at the projects and estimated timing thereof, the potential for defining and extending the known mineralization, exploration potential on the properties, 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, criminal activity, metal prices, political and economic factors, community relations, 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.
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 at Zacualpan 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 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 Telephone 604 664-7707
Vancouver, BC, Canada V6C 1X8
www.impactsilver.com
X (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 geology and mineralization.
To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com
 SOURCE: IMPACT Silver Corp. |
| | IMPACT Silver (IPT.V) | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
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| From: LoneClone | 1/16/2025 2:05:32 PM | | | | | | Impact Silver Intersects 14.13% Zinc over 2.2m Including 26.06% Zinc over 0.9m at the Plomosas Mine
newsfilecorp.com
January 16, 2025 10:50 AM EST | Source: IMPACT Silver Corp.
Vancouver, British Columbia--(Newsfile Corp. - January 16, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: X9X) ("IMPACT" or the "Company") is pleased to announce further results from an ongoing drill program in the Juarez Mine area of its Plomosas zinc (-lead-silver) Mine in northern Mexico.
HIGHLIGHTS
- Recent underground drill results in the Juarez Mine area include:
- Drill hole UGMJ-2420 intersected a high-grade interval grading 14.13% zinc, 1.59% lead and 12 g/t silver over 2.2 metres true width including a very high-grade section grading 26.06% zinc, 3.02% lead and 23 g/t silver over 0.9 metres true width.
- Drill hole UGMJ-2415 intersected a very high-grade interval of 30.1% zinc over 1.2 metres true width.
- Drill hole UGMJ-2422 intersected a very high-grade interval of 30.1% zinc over 1.1 metres true width.
- The Juarez Mine Zone remains open for exploration and drilling is continuing.
Highlights of drill intersections from the Juarez Mine area are as follows:
TABLE 1: PLOMOSAS DRILL RESULTS - JUAREZ MINE AREA
| Hole No. | From (metres) | To (metres) | Interval (metres) | Estimated True Width (metres) | Zinc (%) | Lead (%) | Silver (g/t) | | UGMJ-2410 | 30.50 | 43.95 | 13.45 | 1.7 | 6.26 | 2.63 | 11 | | Including | 30.50 | 33.75 | 3.25 | 0.4 | 15.94 | 6.81 | 26 | | UGMJ-2415 | 34.05 | 35.75 | 1.70 | 1.2 | 30.10 | 2.66 | 19 | | And | 65.00 | 66.77 | 1.77 | 0.4 | 18.91 | 0.08 | 13 | | And | 78.68 | 80.18 | 1.50 | 1.2 | 10.25 | 5.43 | 26 | | UGMJ-2417 | 76.95 | 80.90 | 3.95 | 1.0 | 16.08 | 0.07 | 10 | | Including | 76.95 | 78.25 | 1.30 | 0.3 | 24.30 | 0.07 | 11 | | UGMJ-2420 | 33.50 | 43.75 | 10.25 | 2.2 | 14.13 | 1.59 | 12 | | Including | 35.00 | 39.25 | 4.25 | 0.9 | 26.06 | 3.02 | 23 | | UGMJ-2421 | 23.55 | 24.42 | 0.87 | 0.6 | 17.65 | 8.95 | 25 | | UGMJ-2422 | 21.78 | 23.35 | 1.57 | 1.1 | 30.10 | 10.15 | 40 |
True width estimates are interpreted from current geological models. The Juarez Mine area lies stratigraphically below the Mina Vieja (Tres Amigos Mine) horizon and a separate access to this nearby area is now being developed from the historic Juarez Mine adit at surface (see Figure 2). Other holes in the Juarez Mine area intersected lower grades or narrower intervals. All these Juarez Mine area drill holes lie outside the JORC mineral resource blocks published by the previous operator (see IMPACT news release dated April 3, 2023 for details). Juarez Mine area mineralization remains open for exploration in all directions and drilling is continuing.
CEO STATEMENT
President and CEO Frederick Davidson commented, "We are encouraged with the great results from the Juarez Mine area which represents a second mineralized horizon open in all directions for mining and exploration. This is located close to the Tres Amigos Zone where we are currently mining and our mining team has already begun underground development work from the historic Juarez Mine adit at surface to begin mining there. On the production side, we continue to ramp up operations with the aim to reach mill design capacity in H1/2025."
PLOMOSAS MINE GEOLOGY AND MINERALIZATION
The Plomosas mine, a historic high-grade zinc producer in northern Mexico (Figure 1), was acquired last year by the Company. Recent drill programs have been undertaken in the Tres Amigos area on extensions of active mine areas and nearby in the Juarez Mine area. Mineralization at the Plomosas mine occurs as zinc-rich Carbonate Replacement zones along certain horizons of the local sedimentary rock sequence. Two main mineralized horizons have provided the bulk of historic production, the Mina Vieja (Tres Amigos) marble and the Juarez limestone, where structural ground preparation along these two units resulted in concentrations of zinc, lead and silver (Figure 2).
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 in central Mexico where four producing 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 ozs 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 to leverage improving commodity prices. Over the past 18 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 13 million ounces of silver, generating revenue of more than $277 million, with no long-term debt.
- Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. The Company recently restarted mining operations and is ramping up production toward design capacity levels. Exploration potential at Plomosas is exceptional along the 6 km-long structure. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material at surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.
Quality Control/Quality Assurance
Samples reported in this news release were analyzed by ALS Group, an internationally recognized analytical services provider. Samples analyzed by ALS used a multielement ICP package for base metals and silver. Assays for base metals >1% used an overlimit ICP method. Certified Reference Materials and internal control samples are added to the sample stream at regular intervals to track accuracy of assays.
Qualified Person and NI 43-101 Disclosure
Jose Antonio Olmedo, P.Geol., a Director of IMPACT Silver Corp., is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.
Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com. Follow us on X (formerly Twitter) @IMPACT_Silver and LinkedIn at https://api.newsfilecorp.com/redirect/85PB5i3mp2
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.
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 interpretation of drill results, activity at the projects and estimated timing thereof, the potential for defining and extending the known mineralization, exploration potential on the properties, 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, criminal activity, metal prices, political and economic factors, community relations, 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.
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 at Zacualpan 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 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 Telephone 604 664-7707
Vancouver, BC, Canada V6C 1X8
www.impactsilver.com
X (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 the Juarez Mine geology and mineralization.
To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com
 SOURCE: IMPACT Silver Corp. |
| | IMPACT Silver (IPT.V) | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: LoneClone | 2/11/2025 12:59:06 PM | | | | | | IMPACT Silver Intersects 597 g/t Silver over 2.77m and 1,460 g/t Silver over 0.55m on Kena Discovery at Guadalupe Mine
newsfilecorp.com
February 11, 2025 10:44 AM EST | Source: IMPACT Silver Corp.
Vancouver, British Columbia--(Newsfile Corp. - February 11, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") is pleased to announce further drill results from the new Kena Vein South discovery in its producing Guadalupe silver mine in the Royal Mines of Zacualpan Silver-Gold District, Mexico.
KENA VEIN SOUTH UNDERGROUND DRILL RESULTS
Underground drilling from Level 140 of the Guadalupe Mine intersected further significant mineralization on the south extension of the recently discovered Kena Vein South, within 100-200 metres of active mine workings. New assays received include the following:
TABLE 1: NEW KENA VEIN SOUTH DRILL RESULTS - GUADALUPE MINE
| Hole No. | From (metres) | To (metres) | Interval (metres) | Silver (g/t) | Gold (g/t) | Lead (%) | Zinc (%) | | MPZ-UG-005-24 | 213.08 | 215.85 | 2.77 | 597.0 | 1.15 | 0.79 | 0.61 | | And | 261.20 | 261.55 | 0.35 | 338.0 | 0.87 | 0.38 | 1.68 | | And | 270.95 | 271.50 | 0.55 | 1,460.0 | 0.04 | 0.27 | 0.72 | | And | 278.40 | 279.75 | 1.35 | 298.0 | 0.03 | 0.13 | 0.04 | | MPZ-UG-006-24 | 290.00 | 293.70 | 3.70 | 195.3 | 0.05 | 0.19 | 0.47 | | Including | 292.80 | 293.70 | 0.90 | 611.0 | 0.17 | 0.60 | 1.34 | | MPZ-UG-007-24 | 207.00 | 207.75 | 0.75 | 519.0 | 0.54 | 0.20 | 0.39 |
True widths are interpreted to be 85-100% of drill intervals. Drill results reported in this news release were infill holes on the Kena Vein South to fill a gap in previously reported drilling in preparation for mining (see Table 2 and Figure 1). These results include nearby parallel and splay veins. Additional drilling is planned, surface trenching and sampling of the vein has been completed (assays pending), and new underground access to the Kena Vein South is close to completion to begin mining. The Company intends to continue to maintain a broad exploration program in 2025 and expects to update the market with additional drill results in the coming months.
CEO STATEMENT
President and CEO Fred Davidson commented, "We are pleased with these additional excellent drill results from the recently discovered Kena Vein South which has now been drilled over 150 metres length and remains open for further drilling. The close proximity of the new vein to current active mine workings has allowed for rapid and low cost mine development. Our mining team is close to completing a new underground access to the vein and it is expected that the first mineral will be mined from Kena South this month. These results are a testament to the Company's ongoing, aggressive exploration program targeting primarily high-grade silver as well as significant gold, lead and zinc values."
KENA VEIN SOUTH DRILL RESULTS TO DATE
The Kena Vein South has now been drill tested over a length of 150 metres from mine Level 140 and is open for extension to the southeast, updip and downdip. Table 2 below is a compilation of drill results from the zone to date and Figure 1 is a map of drill hole locations:
TABLE 2: TOTAL KENA VEIN SOUTH DRILL RESULTS TO DATE - GUADALUPE MINE
| Hole No. | From (metres) | To (metres) | Interval (metres) | Silver (g/t) | Gold (g/t) | Lead (%) | Zinc (%) | | MPZ-UG-009-23 | 193.95 | 194.25 | 0.30 | 675.0 | 0.00 | 0.16 | 1.24 | | MPZ-UG-010-23 | 232.50 | 233.80 | 1.30 | 232.0 | 0.09 | 0.10 | 0.16 | | And | 236.00 | 239.40 | 3.40 | 190.7 | 0.34 | 1.43 | 2.99 | | Including | 238.50 | 239.40 | 0.90 | 361.0 | 0.41 | 2.32 | 5.07 | | MPZ-UG-011-23 | 221.10 | 247.65 | 26.55 | 168.5 | 0.04 | 0.12 | 0.31 | | Including | 221.10 | 236.85 | 15.75 | 226.5 | 0.05 | 0.15 | 0.36 | | Including | 221.10 | 222.75 | 1.65 | 1,005.0 | 0.21 | 0.72 | 1.10 | | Including | 229.40 | 231.05 | 1.65 | 348.4 | 0.05 | 0.17 | 0.59 | | Including | 235.30 | 236.85 | 1.55 | 407.0 | 0.06 | 0.17 | 0.76 | | MPZ-UG01-24 | 79.45 | 81.10 | 1.65 | 377.9 | 0.40 | 0.27 | 0.42 | | And | 178.10 | 178.85 | 0.75 | 1,400.0 | 0.39 | 0.90 | 2.09 | | And | 206.70 | 224.00 | 17.30 | 213.8 | 0.02 | 0.15 | 0.25 | | Including | 206.70 | 210.60 | 3.90 | 357.7 | 0.03 | 0.18 | 0.41 | | And | 231.80 | 232.10 | 0.30 | 782.0 | 0.06 | 0.13 | 0.29 | | MPZ-UG03-24 | 241.62 | 242.40 | 0.78 | 463.0 | 0.09 | 0.63 | 1.23 | | And | 254.00 | 255.20 | 1.20 | 198.0 | 1.99 | 3.31 | 5.93 | | MPZ-UG-004-24 | 179.50 | 179.90 | 0.40 | 1,450.0 | 0.65 | 2.16 | 3.05 | | And | 263.00 | 263.70 | 0.70 | 1,615.0 | 0.58 | 1.83 | 6.05 | | MPZ-UG-005-24 | 213.08 | 215.85 | 2.77 | 597.0 | 1.15 | 0.79 | 0.61 | | And | 261.20 | 261.55 | 0.35 | 338.0 | 0.87 | 0.38 | 1.68 | | And | 270.95 | 271.50 | 0.55 | 1,460.0 | 0.04 | 0.27 | 0.72 | | And | 278.40 | 279.75 | 1.35 | 298.0 | 0.03 | 0.13 | 0.04 | | MPZ-UG-006-24 | 290.00 | 293.70 | 3.70 | 195.3 | 0.05 | 0.19 | 0.47 | | Including | 292.80 | 293.70 | 0.90 | 611.0 | 0.17 | 0.60 | 1.34 | | MPZ-UG-007-24 | 207.00 | 207.75 | 0.75 | 519.0 | 0.54 | 0.20 | 0.39 |
True widths are interpreted to be 85-100% of drill intervals. These results include nearby parallel and splay veins.
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 in central Mexico where four 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). Company personnel are reviewing Capire for a potential restart of operations. Over the past 18 years, IMPACT has placed multiple zones into commercial production and produced over 13 million ounces of silver, generating revenues over $261 million, with no long-term debt.
- Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. The Company recently restarted mining operations and is ramping up production toward design capacity levels. Exploration potential at Plomosas is exceptional along a 6 km-long structure with a number of historic mines and mineral prospects. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material from surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.
Quality Control/Quality Assurance
Samples reported in this news release were analyzed by ALS Group, an internationally recognized analytical services provider, using a multielement ICP package for silver and base metals, and fire assay and AAS for gold. Assays for base metals >1% resorted to an overlimit method. Certified Reference Materials and internal control samples are added to the sample stream at regular intervals to monitor assay quality control.
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.
Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com. Follow us on X (formerly Twitter) @IMPACT_Silver and LinkedIn at https://api.newsfilecorp.com/redirect/EyEOpI8ELQ
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.
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 interpretation of drill results, activity at the projects and estimated timing thereof, the potential for defining and extending the known mineralization, exploration potential on the properties, 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, criminal activity, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors, strategic partners and local communities, 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.
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 technical personnel. The results of this work are evident in the discovery and building of multiple mines for the Company at Zacualpan 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 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 Telephone 604 664-7707
Vancouver, BC, Canada V6C 1X8
www.impactsilver.com
X (Twitter)
LinkedIn
To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com
 SOURCE: IMPACT Silver Corp. |
| | IMPACT Silver (IPT.V) | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| From: LoneClone | 4/16/2025 12:09:49 PM | | | | | | Impact Silver Announces $3.5 Million Non-Brokered Financing with a Lead Order from Strategics Trafigura Pte Ltd. and Palisades Goldcorp Ltd.
newsfilecorp.com
April 15, 2025 6:47 PM EDT | Source: IMPACT Silver Corp.
Vancouver, British Columbia--(Newsfile Corp. - April 15, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) ("IMPACT" or the "Company") is pleased to announce a non-brokered private placement of $3.5 million of the Company (the "Units") with lead orders from strategic investors, Trafigura PTE LTD. ("Trafigura") and Palisades Goldcorp Ltd. ("Palisades"). The non-brokered private placement will consist of a LIFE offering for $1.75 million, which is being fully allocated to Trafigura, and a standard private placement for $1.75 million, of which Palisades is participating for $1.1 million.
Trafigura is a major supplier of vital resources, including non-ferrous and precious metals, as a market leader in the global commodities industry. Trafigura was founded in 1993 and is active in more than 150 countries.
Palisades is a publicly-listed investment company focused on the junior resource space. With a strong balance sheet and an experience management team, Palisades provides investors with highly levered exposure to junior resource equities. Palisades is listed on the TSX Venture Exchange under the stock symbol PALI and holds a diversified portfolio of securities and derivatives.
Fred Davidson, President and CEO of IMPACT Silver states "We are pleased to welcome two notable institutional investors into IMPACT Silver. Trafigura has collaborated with IMPACT for many years and this investment signifies their commitment to long-term support with us both at Guadalupe, Plomosas, and beyond. With Palisades Goldcorp, they have been instrumental in building multiple hundred-million-dollar-midcap gold companies and we are pleased to have them participating in this financing."
The financing will be under the (LIFE) of National Instrument 45-106, Prospectus Exemptions, and other private placement exemptions under NI 45-106. The LIFE portion of the Offering is referred to in this news release as the "LIFE Offering". The Company intends to raise gross proceeds of up to $1,750,000 from the sale of up to 8,750,000 units (the "LIFE Units") at a price of $0.20 per LIFE Unit, and up to $1,750,000 from the sale of up to 9,722,222 standard private placement units (the "Standard PP Units") at $0.18 per Standard PP Unit. Each LIFE Unit will consist of one common share of the Company and one half common share purchase warrant (each whole such warrant, a "Warrant"), with each Warrant entitling the holder thereof to acquire one common share of the Company (a "Warrant Share") at a price of $0.26 per Warrant Share for a period of 24 months from its date of issue. Each Standard PP Unit will consist of one common share of the Company and one full Warrant, with each Warrant entitling the holder thereof to acquire one Warrant Share at a price of $0.24 per Warrant Share for a period of 36 months from its date of issue.
The Company intends to use the proceeds from the Offering to accelerate exploration activity at its Plomosas high-grade zinc-lead-silver property located in Chihuahua, Mexico, further develop its prolific silver assets at its legacy Royal Mines of Zacualpan district, as well as invest in operational improvements to improve productivity and throughput as the price of silver nears 52-week highs. Exploration activities include sampling, target definition, and drilling with the intention of expanding the existing JORC mineral resource at Plomosas, where only 600m of the 6-kilometre-long structure has been tested. The region is known for hosting some of the largest carbonate replacement deposits in the world. As such, the Company intends to allocate a portion of the proceeds to continue development and grow production at the Plomosas high-grade zinc deposit as zinc prices continue to outperform on the back of forecasted supply deficits.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions, the LIFE Offering is being made pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the "Listed Issuer Financing Exemption"). The securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document (the "Offering Document") related to the LIFE Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.impactsilver.com. Prospective investors should read this Offering Document before making an investment decision.
The Offering is scheduled to close on or about the week of May 15, 2025 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange (the "Exchange"). The Company may pay finder's fees or commissions on a portion of the Offering, subject to compliance with the policies of the Exchange and applicable securities legislation. All common shares and Warrants issued as part of the Standard PP Units will bear a hold period of four months and one day from the date of issuance.
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 in central Mexico where four producing 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 ozs 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 to leverage improving commodity prices. Over the past 18 years, IMPACT has developed multiple exploration zones into commercial production and has produced over 13 million ounces of silver, generating revenue of more than $277 million, with no long-term debt.
- Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. The Company recently restarted mining operations and is ramping up production toward design capacity levels. Exploration potential at Plomosas is exceptional along the 6 km-long structure. This is in addition to other exploration targets on the 3,019-hectare property including untested copper-gold targets with indications of high-grade material at surface. Regionally, Plomosas lies in the same mineral belt as some of the largest carbonate replacement deposits in the world.
Qualified Person and NI 43-101 Disclosure
George Gorzynski, P.Eng., a Director of IMPACT Silver Corp., is a "Qualified Person" within the meaning of NI 43-101 and has approved the technical information contained in this news release.
Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com. Follow us on X (formerly Twitter) @IMPACT_Silver and LinkedIn at https://api.newsfilecorp.com/redirect/Jgqm1sObn2.
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) 867 7909 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 regarding interpretation of drill results, activity at the projects and estimated timing thereof, the potential for defining and extending the known mineralization, exploration potential on the properties, 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, criminal activity, metal prices, political and economic factors, community relations, 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.
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 at Zacualpan 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 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 Telephone
604 664-7707
Vancouver, BC, Canada V6C 1X8
www.impactsilver.com
X (Twitter)
LinkedIn
 SOURCE: IMPACT Silver Corp. |
| | IMPACT Silver (IPT.V) | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
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