IMPACT Silver Announces Production Restart at the Recently Acquired Plomosas High- Grade Zinc Mine
IMPACT Silver Announces Production Restart
at the Recently Acquired Plomosas High-
Grade Zinc Mine
Vancouver, British Columbia--(Newsfile Corp. - October 23, 2023) -
IMPACT Silver Corp.
(TSXV: IPT)
(OTCQB: ISVLF)
("IMPACT" or the "Company")
is pleased to announce first production under the
Company's ownership at the recently acquired high-grade Plomosas zinc deposit located in the State of
Chihuahua in northern Mexico.
Following the acquisition of the Plomosas mine in April 2023 (see IMPACT news release dated April 3,
2023), the Company embarked on an extensive rehabilitation and upgrade program at the site, including
inside the mine, at the mill and on all associated mobile equipment and infrastructure. As well, new
technical and supervisory staff were added to restart production which had been halted since late 2022
under the previous owner.
Fred Davidson, President & CEO stated, "
This is a tremendous milestone for our Company as we
embark on our next phase of growth. When we bought the Plomosas mine earlier this year, we
remained steadfast in our ability that we could bring the asset back into production on time and on
budget. I would like to thank our exceptional technical team for a job well done. Our shareholders can
now look forward to a diversified mix of high-grade zinc at Plomosas in addition to our legacy silver
producing assets at the Royal Mines of Zacualpan, which are now in their 17
th
year of continuous
production and revenue generation
."
The Company has reached a significant milestone in shipping the first concentrate to the smelter after
restarting production following an intensive effort initiated just five months ago. Mine planning and
rehabilitation have been ongoing over the summer including replacing underground equipment and
dewatering activities inside the mine. Scoop trams and underground trucks have been actively extracting
material with volume increasing on a regular basis as initial processing levels have been achieved at the
mill. Management will make modifications and adjustments as needed as it targets design processing
capacity of approximately 200 tpd in H1/2024 with plans to then further expand production.
Images 1-2. - Mill Rehabilitation
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ABOUT IMPACT SILVER
IMPACT Silver Corp. 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 km
2
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). Company engineers are reviewing Capire for a potential restart of operations.
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 $241 million.
Plomosas Zinc-Lead-Silver District:
Plomosas is a high-grade zinc-lead-silver producer in northern
Mexico with exceptional exploration upside potential where only 600m of the 6 km-long structure has
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.
Additional information about IMPACT and its operations can be found at
www.impactsilver.com
. X
(Twitter)
@IMPACT_Silver
and LinkedIn
https://www.linkedin.com/company/impactsilver
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
(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 restart of operations at Capire , and
exploration and production potential of the Company's projects.
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.
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https://www.newsfilecorp.com/release/184768