IMPACT Silver Corp (TSX-V:IPT, OTC:ISVLF)'s CFO, Jerry Huang, sat down with Proactive's mining analyst, Dr Ryan Long, to discuss the company's recent acquisition and expansion plans.
Over the past 17 years, IMPACT has generated over US$241mln in revenue, producing more than 12mln ounces (oz) of silver from its Royal Mines of Zacualpan Silver District.
Earlier this month, the company acquired the high-grade Plomosas Zinc-Lead-Silver Mine, in Mexico. Plomosas is a small operation with a significant exploration target in a belt of large Carbonate Replacement Deposits (CRD).
Taking Plomosas to the next level
IMPACT has recently closed the first tranche of an C$8.3mln placing and is planning to upgrade the mill and mining operation at Plomosas, with a focus on recommencing operations and growing production levels. The company has also outlined an aggressive 2023 drill programme to infill the Plomosas resource estimate and test for extensions of known mineralisation.
Excellent exploration potential
To date, only 600 meters of the six-kilometre-long structure associated with the CRD mineralisation has been assessed (see graphic below).
In addition to the CRD targets, there are other targets for copper-gold mineralisation. IMPACT is confident that by exploring further within the wider Plomosas project area, it will establish a resource base that can support a much larger mining operation.
Belt of giants
The Plomosas Mine is located in a belt containing numerous large CRD deposits, including the world's largest CRD deposit, the giant Santa Eulalia Mine, which has produced over 450mln oz of silver during its 300-year mine life.
Exploration
IMPACT is also planning to explore its brownfield and greenfield targets within its extensive Zacualpan landholding, with over 5,000 historic mine workings and hundreds of mapped veins.
