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IMPACT SILVER PROVIDES UPDATE ON CAPIRE MINE DEVELOPMENT PROJECT IN THE MAMATLA MINERAL DISTRICT
IMPACT SILVER PROVIDES UPDATE ON CAPIRE MINE DEVELOPMENT PROJECT IN THE MAMATLA MINERAL DISTRICT
About this update from Impact Silver Corp.
[{"type":"text","content":"\nIMPACT SILVER PROVIDES UPDATE ON CAPIRE MINE DEVELOPMENT PROJECT IN THE MAMATLA MINERAL DISTRICT\n\n\n Nov. 1, 2010 (TheNewswire.ca) -- IMPACT Silver Corp. (\"IMPACT\" or \"the Company\") is pleased to provide an update on the Capire Mine Development Project at Mamatla. The project is located 16 kilometers southwest of the Company's current mining and processing operations in the 423-square-kilometer Royal Mines of Zacualpan Silver District, Mexico.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...