Impact Silver Corp. - QwikReport

IMPACT SILVER CORP. : http://www.impactsilver.com/ : QwikReport

Zacatecas (Mexico)

The Zacatecas Silver District located in central Mexico is one of the largest historic silver districts in the world with past production estimated at 1.2 billion ounces.

IMPACT has established itself as a key player in the Zacatecas Silver District. The Company holds 100% interest in 16 mineral concessions. These holdings represent potential ore feed for the 200 ton per day mill located in the area that IMPACT also has a 100% interest.

Infrastructure
Excellent with paved highways that run through the district along with road networks, electric power and a trained Mexican workforce.

PRODUCTION

The processing plant consists of a 200 tonnes-per-day (tpd) mill and flotation circuit. Before the Company acquired 100% interest in the mill, material was processed on a custom milling basis where local small scale miners truck their ore to the plant and are charged a flat rate to process it.

Since completing the purchase of the plant (see news release dated March 23rd, 2010), plans are to upgrade the plant and use it to increase IMPACT's presence in the Zacatecas Silver District. IMPACT is exploring opportunities with other companies in the District who own mineral concessions with in-ground mineral resources and/or historic surface mine dumps that can be processed at the Veta Grande plant on a joint venture or toll milling basis. IMPACT also intends to process historic surface mine dumps from its own concessions in the District and has been carrying out studies to evaluate some of these dumps.

EXPLORATION
Nueva Granada and Asturiana Concessions

The concessions cover most of the Nueva Granada vein which is part of the Veta Grande vein system. Historically, the Zacatecas Silver District has produced over 1 billion ounces of silver and the Veta Grande vein system was the largest producer in the district. Past production figures from the Nueva Granada mine are not available, but old plans indicate that it was mined along a length of 700m and to a depth of 150-200m.

The San Jose Vein crosses the concessions over a distance of 800m. Old mine workings and dumps mark the surface along its entire width. A total of six channel samples were collected from surface exposures of the vein and averaged 239g/t silver over 0.74m true width ("TW"), ranging to a high of 444g/t silver over 1.10m TW. Five old mine dumps were also sampled along the vein. Two samples were collected at each dump site. The average of the five sulphide-bearing samples was 407g/t silver, ranging to a high of 1,070g/t silver. The average of five sulphide-poor samples was 141g/t silver, ranging to a high of 390g/t silver.

The Armado Vein trends 100m west of and runs parallel to the San Jose Vein. It has been traced over a distance of 500m and is marked by old mine workings and dumps along its entire length. Channel samples collected from surface exposures of the vein located 130m apart assayed 237g/t silver over 1.92TW and 1,320g/t silver over 0.30mTW. Two samples were collected at an old mine dump on the vein located 400m to the north. A sulphide-bearing sample assayed 358g/t silver and a sulphide-poor sample assayed 247g/t silver.

Several splay veins branch off the main Armado Vein. A channel sample from a splay vein in the southern portion of the concessions assayed 188g/t silver over 1.04m TW. At this location, a sulphide-bearing sample from the old mine dump assayed 556g/t silver and a sulphide-poor sample assayed 54g/t silver.

In addition, the concessions contain about 30,000 tonnes of old mine dumps. In 2003, it was reported that 12,000 tonnes from these dumps were processed, returning an average grade of 220g/t silver. This material was processed in the Zacatecas plant which IMPACT controls through an option to purchase agreement.

Leo and El Milagro Concessions
The Leo and Milagro Concessions cover a splay off the major Canterra Vein in the southern part of the Zacatecas Silver District.

Cancer Concession
The Cancer Concession is located in the eastern part of the District and covers a 500m length of the historic Providencia Vein marked by numerous old mine workings.

Martin and Santo Cristo Concessions
The Martin and Santo Cristo Concessions are located near IMPACT's Cristian Concession where earlier sampling of old mine dumps returned 310g/t silver, 24.2% lead and 8.0% zinc from a high grade stockpile and 93g/t silver, 0.43% lead and 1.4% zinc from a low grade waste dump.

Cristian Concession
The Cristian mine, which last produced in 2003, still has its shaft hoisting equipment in place in anticipation of the recommencement of operations. IMPACT was not able to access the workings, but samples from surface dumps returned 310g/t silver, 24.2% lead and 8.0% zinc from a high grade stockpile and 93g/t silver, 0.43% lead and 1.4% zinc from a low grade waste dump.

San Pascual Concession
The San Pascual Mine last produced about 20 years ago. A representative sample of the dump around the shaft assayed 875g/t silver. A representative sample from the dump beside the nearby Pirul shaft assayed 525g/t silver.

IMPACT also owns a number of other concessions in the Zacatecas Silver District which are at an early stage of exploration.

News Releases

	Tue Mar 23, 2010 Impact Silver Completes Purchase Of 200-TPD Mill At Zacatecas IMPACT Silver Corp. ("IMPACT") is pleased to announce it has completed the purchase of the 200-tonne-per-day Veta Grande processing plant in the Zacatecas Silver District of Mexico. Under terms of a comprehensive agreement, IMPACT has been carrying out due diligence work on the Veta Grande Project since 2006 and making bi-annual payments to the Plant vendor (see IMPACT new... (3 KB)
	Thu Jul 3, 2008 Impact Announces Sale Of San Sabino Concession In Zacatecas IMPACT Silver Corp. ("IMPACT") announces that it has sold its 35% interest in the San Sabino concession in Zacatecas to Apex Silver Mines Limited ("Apex") for US$325,000 plus a retained 1% Net Smelter Return Royalty purchasable by Apex for US$1 million. San Sabino was not considered to be a core holding for IMPACT. IMPACT will retain a future benefit in the concession through its retained NSR royalty interest. The San Sabino concession is located in the northwest part of the Zacatecas Distr... (2 KB)
	Thu Oct 4, 2007 Impact Silver Announces Zacatecas Sampling Results IMPACT Silver Corp. ("IMPACT") is pleased to announce results from an initial sampling program undertaken on the wholly-owned Nueva Granada and Asturiana concessions in the Zacatecas Silver District. The concessions cover both the San Jose Vein and the Armado Vein, which are branches of the Veta Grande vein system. Historically, the Zacatecas Silver District has produced over one billion ounces of silver, of which the Veta Grande vein system was the largest contributor. Historical mine pla... (5 KB)
	Wed Apr 11, 2007 Impact Silver Announces Property Acquisitions In Zacatecas IMPACT Silver Corp. ("IMPACT") is pleased to announce that it has acquired two new concessions in the Zacatecas Silver District of Mexico. The Nueva Granada and Asturiana acquisitions are for 100% interests in each concession with no underlying royalties. The concessions cover most of the Nueva Granada vein which is part of the Veta Grande vein system. Historically, the Zacatecas Silver District has produced over 1 billion ounces of silver and the Veta Grande vein system was the largest pro... (3 KB)
	Thu Dec 14, 2006 Impact And Yale Add Another Property To Zacatecas Joint Venture IMPACT Silver Corp. ("IMPACT") is pleased to announce that it has purchased another property named the Zacatecas Concession which has been added to its Zacatecas Venture with Yale Resources. This brings the number of properties that make up the Zacatecas Venture to four. In addition IMPACT is pleased to report that field work has started on all four properties. THE AGREEMENT The Zacatecas Concession was purchased from a private Mexican vendor and is located contiguous with and west of th... (2 KB)
	Thu Oct 26, 2006 Test Milling At Zacatecas Processing Plant Commences IMPACT Silver Corp. ("IMPACT") is pleased to announce that the Veta Grande processing plant at Zacatecas has begun operations on a test and custom milling basis. During the first week, about 400 tonnes of ore were processed with the goal of achieving 200 tonnes-per-day (tpd) by late November. Currently, material is being processed on a custom milling basis where local small scale miners truck their ore to the plant and are charged a flat rate to process it. In the future, IMPACT plans to augm... (2 KB)
	Thu Sep 28, 2006 IMPACT Silver Announces Signing of Comprehensive Agreement for Veta Grande Silver Project IMPACT Silver Corp. ("IMPACT") is pleased to announce that it has signed a comprehensive agreement for the Veta Grande Project in the Zacatecas Silver District of Mexico. The project consists of mining concessions and a 200-tonne-per-day (-tpd) processing plant with associated surface rights. THE AGREEMENT The new comprehensive agreement is effectively a more detailed version of the Letter Option Agreement announced July 10, 2006 and accepted for filing by the TSX Venture Exchange ... (2 KB)

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This page was created on Thu Sep 9, 2010 at 9:38:41 AM Pacific Time.