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The Capire Project is in the mine planning and economic assessment stage. Initial plans are to first install a 200-tonne per-day ("tpd") pilot plant and starter open pit. This pilot plant operation is designed to test metallurgical recoveries on a significant scale, provide detailed information on mining costs and optimize mining and processing methods toward planning for a larger operation. The Company previously purchased a semi-portable 200-tpd plant (see IMPACT news release dated January 29, 2008), which is presently in storage at the Zacualpan operations site and will contribute to minimizing start up costs. The starter open pit will be excavated on the western portion of the Capire Zone to access near surface high grade silver-zinc-lead-copper-gold VMS mineralization. The orientation and shallow depth of the mineralization favours open pit mining for much of the zone.
IMPACT has acquired surface rights for all mining areas and the processing plant site at Capire. The permitting process for the operations has been initiated. Condemnation drilling under the plant site and tailings area is planned for the first quarter of 2011.
The initial NI 43-101 compliant Measured and Indicated Mineral Resources at Capire delineated 4.33 million tonnes containing 7.2 million ounces silver, 94.3 million pounds zinc and 38.8 million pounds lead (see IMPACT news release dated November 19, 2009). An updated Mineral Resource estimate is now being prepared and will incorporate the results of Phase 2 drilling (53 holes) completed in late 2009 and 2010 and beyond the previously-delineated mineral resource blocks. Summary of the results from the Phase 2 drill program holes can be found in the Company's news releases dated March 17, 2010 and May 25, 2010. The Capire Project previously comprised the Capire and Aurora 1 Zones; drilling between these two zones has now demonstrated that they are the part of the same deposit now referred to as simply the Capire Zone. The zone remains open for further expansion to the north, east and south. The Company is developing plans for an aggressive drill program (minimum 20,000 meters) to determine the expansion potential of the Capire zone and test a number of other targets identified in the surrounding area.
The Capire Zone occurs in the same stratigraphy as the Campo Morado VMS District, where Farallon Resources Ltd. (TSE: FAN) is in production on the G-9 VMS deposit (5.57 million tonnes grading 7.3% zinc, 1.0% lead, 1.3% copper, 186 g/t silver and 2.8g/t gold). The G-9 VMS deposit is located along trend, 45 kilometers southwest of Capire.
The Mamatla VMS district represents an opportunity that upon successful completion of the proposed exploration and development programs would propel IMPACT to become a multi-million ounce silver producer.
George Gorzynski, P. Eng., a Qualified Person under the meaning of Canadian National Instrument 43 101, is responsible for the technical content of this news release.
IMPACT Silver Corp. is a profitable silver-focused mining and exploration company operating in Mexico with a producing silver operation at the 623-km2 Royal Mines of Zacualpan and the adjacent advanced Mamatla Mineral District, plus a portfolio of projects with an operational processing plant at Zacatecas. Additional information including a maps and models of IMPACT's projects can be found on the Company's website at www.IMPACTSilver.com.
On behalf of the Directors of IMPACT Silver Corp.,
"Frederick W. Davidson"
President & CEO
For further information, please contact:
Sunny Pannu, Investor Relations
(604) 681 0172 or via email at inquiries@impactsilver.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release. Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to proposed activities, work programs and future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the effects of general economic conditions, the price of commodities, changing foreign exchange rates, actions by government authorities, title matters, environmental matters, reliance on key personnel, the ability for operational and other reasons to complete proposed activities and work programs, the need for additional financing and the timing and amount of expenditures. IMPACT does not assume the obligation to update any forward-looking statement.
