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IMPACT SILVER ANNOUNCES ARRIVAL OF SECOND DRILL AND EXPANDED EXPLORATION PROGRAM AT ZACUALPAN-MAMATLA
Mar. 3, 2011 (TheNewswire.ca) -- IMPACT Silver Corp. ("IMPACT" or "the Company") is pleased ...
About this update from Impact Silver Corp.
[{"type":"text","content":"\nIMPACT SILVER ANNOUNCES ARRIVAL OF SECOND DRILL AND EXPANDED EXPLORATION PROGRAM AT ZACUALPAN-MAMATLA\n\n Mar. 3, 2011 (TheNewswire.ca) -- IMPACT Silver Corp. (\"IMPACT\" or \"the Company\") is pleased to announce the arrival of a second surface drill at the large 623-square-kilometer Royal Mines of Zacualpan and Mamatla Mineral Districts in Mexico to enhance the exploration program and build mineral resources for its growing production profile. The completion of a $15 million financing in late 2010 has enabled the Company to expedite construction of the new Capire Mine and pursue greatly expanded exploration programs, including 20,000 meters of drilling on several fronts.Capire Project: Silver-Lead-Zinc VMS Exploration And Mine ConstructionThe Capire Silver-Lead-Zinc VMS Mine Development Project is located 16 kilometers southwest of the Company's operating Guadalupe processing plant. At Capire, IMPACT is planning initial open pit production in late 2011 with construction of a 200-tpd (tonnes per day) pilot plant and plans to expand that plant once production parameters are established (see the Company's News Release dated February 1, 2011 for the most recent NI43-101 Mineral Resources at Capire). The Capire operation represents first production from this new mining district and the start of a second operating center in IMPACT's large mineral holdings.The first drill and an exploration team have recently been working at the Capire Deposit. To date, condemnation drilling has been completed at the planned sites for the Capire processing plant, tailings dam and rock waste piles in preparation for mine construction. Mine permitting is underway, and site preparation and surface stripping is anticipated to commence in late summer. During the coming months, the drill will continue to test extensions of the Capire Deposit to the west, south and east where the deposit remains open for expansion before moving on to Phase One drilling on other nearby VMS exploration targets. The overall Capire Subdistrict drill program is anticipated to exceed 10,000 meters this year.Guadalupe Project area: Silver Vein ExplorationThe second drill supported by an exploration team will continue to drill and explore silver veins in the Royal Mines of Zacualpan production centre to build additional mineral resources within short trucking distance of the oper...