Issue link: http://resourceworld.uberflip.com/i/661612
48 www.resourceworld.com A P R I L / M A Y 2 0 1 6 MININg IMPaCT silver: ten years of production and counting IMPACt silver Corp. [IPT-TSXV; IKL-FSE] recently celebrated 10 years of production at its 100%-owned silver mines in central Mexico about a 3.5-hour drive southwest of Mexico City. The company has two processing plants on adjacent properties – the Guadalupe Production Centre and the Capire Processing Plant. In total, IMPACT's large land package encompasses 357 km 2 . At Guadalupe, there are three under- ground silver mines – Cucara-Oscar, San Ramon and Mirasol – that feed the central 500 tonne-per-day mill within the historic Royal Mines of Zacualpan Silver District. Exploration is also active at the San Ramon Mine and IMPACT continues to report excellent drill results from the San Ramon Deeps Zone. Hole MPZ-197 intersected 185 g/t silver over 11.4 metres while hole MPZ-198 returned 432 g/t silver over 6.80 metres. These assays follow other high-grade assays from the San Ramon Deeps Zone that resulted in expanding the known zone of economic mineralization comprising high-grade epithermal silver veins. Ore in the Cuchara-Oscar Mine is in the form of medium-grade epithermal sil- ver and lead-zinc veins that accounted for 45% of Q3 2015 production. The Mirasol Mine is characterized by high-grade epi- thermal veins that contributed 15% of production in Q3 2015. The San Ramon Mine began production in 2006 and mining has now taken place on 21 levels over a vertical distance of 250 metres. IMPACT discovered the deeper San Ramon Deeps Zone in 2014 where mining began shortly thereafter. This zone has been largely responsible for the higher sil- ver grades and now accounts for 40% of the company's current production. Over at Capire, the 200 tonne-per-day processing plant and open pit silver mine are presently on care and maintenance awaiting higher silver prices. A January 2016 press release noted that an updated resource estimate at Capire outlined a Base Case figure of 4.5 million ounces of silver in a pit-constrained scenario with more mineralization at depth. The Capire plant was most recently used to bulk test processing gold and copper feed from the Pacheco Zone. Production at all operations over the past 10 years (2006-2015) totaled 6,836,561 ounces of silver plus byproducts of 6,529 ounces of gold, 6,257 tonnes of lead and 8,279 tonnes of zinc. Total revenues generated from January 2006 to September 2015 totaled $129 mil- lion with the results of fourth quarter 2015 revenues still pending. For 2015, production reached a record 950,059 ounces of silver, an increase of 31% over 2014. Byproduct production in 2015 was 495 ounces of gold, 450 tonnes of lead and 266 tonnes of zinc. The average (diluted) mine grades in 2015 was 193 g/t silver, an increase of 21% over 2014, prin- cipally from high-grade mineral sourced from the San Ramon Deeps Mine. Fred Davidson, President and CEO of IMPACT Silver, stated, "Ten years of con- tinuous production at Zacualpan is a great milestone. I congratulate all our employ- ees and contractors, past and present, on this proud achievement. From our modest beginnings in 2006, the IMPACT team has built up the operations year by year and as a crowning achievement saw record production in 2015 of nearly one million ounces of silver." IMPACT Silver remains debt-free. n www.precisiongeosurveys.com 604.484.9402 Magnetics - Radiometrics - Time Domain EM Specialists in high resolution airborne geophysics in mountainous terrain The Capire 200 tonne-per-day pilot processing plant in south-central Mexico. Photo courtesy IMPACT Silver Corp.