IMPACT Silver Commences Production at the Cuchara-Oscar Mine
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/20/13 -- IMPACT
Silver Corp. ("IMPACT or the "Company") (TSX VENTURE:IPT) is pleased
to announce that the Company has successfully moved its newest silver
mine into production. The commencement of production at the
Cuchara-Oscar Mine represents IMPACT's fourth underground silver mine
taken from discovery to production at the Royal Mines of Zacualpan
Silver District in Mexico.
Initial production at Cuchara-Oscar will come from the Marqueza Vein,
with plans to expand production to the nearby Oscar, Resguardo and
Maria de Jesus Veins later in 2013. The Cuchara-Oscar Mine is
projected to provide approximately 20% of the mineral feed in 2013 to
the Guadalupe Processing Plant with the balance of the feed mainly
provided by the currently producing San Ramon and Noche Buena Mines.
The feed from the Cuchara-Oscar Mine will replace lower grade silver
production from the Chivo Mine. The average silver mining grade at
the Cuchara-Oscar in 2013 is anticipated to be 270 grams per tonne
(g/t), which will allow for an increase in overall silver production
at the Guadalupe Plant.
The Cuchara-Oscar Mine is another success attributed to IMPACT's
technical team. Drill results from Cuchara-Oscar are summarized in
IMPACT news releases dated January 21, 2013 (http://www.impactsilver.
anner-Year-for-IMPACT-Silver-Corp.s-Exploration-in-2012)and January 23, 2012
tion-Review-and-2012-Outlook),which include highlights of 291 g/t silver across
30.65 meters and
1,007 g/t silver across 5.65 meters. Within eight months of the
production decision, the Cuchara-Oscar Mine was moved into production
utilizing the historic infrastructure in the area.
George Gorzynski, P.Eng., Vice President Exploration and a Qualified
Person under the meaning of Canadian National Instrument 43-101, is
responsible for the technical content of this news release.
IMPACT is a profitable silver mining company with a portfolio of
producing mines in Mexico. The Company's 100%-owned and operated
underground silver mines feed a central 500-tonne-per-day (tpd)
processing plant located within the historic Royal Mines of Zacualpan
Silver District. IMPACT is also currently developing its second
mining district in Mexico, the open-pit Capire Mine and Processing
Centre, scheduled to begin pilot plant operations shortly. The
upcoming commencement of production at the open-pit Capire Mine
represents the next phase of significant production growth for the
Company, with the objective of ultimately establishing IMPACT as a
multimillion-ounce silver producer. IMPACT also holds a 16.5%
shareholding in Defiance Silver Corp., who is advancing the Company's
200-tpd mill and mineral concessions into production in the Zacatecas
Silver District. Additional information can be found on the Company
website at www.IMPACTSilver.com.
On behalf IMPACT Silver Corp.
Frederick W. Davidson, President & CEO
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. Such statements
reflect the current risks, uncertainties and assumptions related to
certain factors including but not limited 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
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.
IMPACT Silver Corp.
(604) 681 0172
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