- IMPACT Silver (TSXV:IPT) began first production at the recently acquired high-grade Plomosas zinc deposit in Mexico
- IMPACT Silver acquired the Plomosas mine in April 2023 and embarked on an extensive rehabilitation and upgrade program at the site
- Plomosas is known to host high-grade mineralization.
- IMPACT Silver Corp. last traded at $0.22 per share
IMPACT Silver (TSXV:IPT) began first production at the recently acquired high-grade Plomosas zinc deposit in Mexico.
Located in Chihuahua State in northern Mexico, IMPACT Silver acquired the Plomosas mine in April 2023 and worked on an extensive rehabilitation and upgrade program at the site. This included work inside the mine, at the mill, and on all associated mobile equipment and infrastructure. New technical and supervisory staff were added to restart production which had been halted since late 2022 under the previous owner.
Plomosas is known to host high-grade mineralization. Historical mining indicates grades in the global upper quartile for zinc, with approximately 2.5 metric tons (MT) mined since 1943 grading 15 per cent to 25 per cent zinc, 2 per cent to 7 per cent lead and 40 to 60 grams per tonne (g/t) silver with low deleterious elements.
After restarting production, the Vancouver-based miner shipped the first concentrate to the smelter after an intensive effort that started five months ago. Mine planning and rehabilitation have been ongoing over the summer, including replacing underground equipment and dewatering activities inside the mine. Scoop trams and underground trucks have been extracting material with volume increasing on a regular basis as initial processing levels have been achieved at the mill.
IMPACT’s leadership is targeting design processing capacity of 200 tpd in the first half of 2024 with plans to expand production.
“When we bought the Plomosas mine earlier this year, we remained steadfast in our ability that we could bring the asset back into production on time and on budget,” Fred Davidson, president and CEO, said in a news release. “I would like to thank our exceptional technical team for a job well done. Our shareholders can now look forward to a diversified mix of high-grade zinc at Plomosas in addition to our legacy silver-producing assets at the Royal Mines of Zacualpan, which are now in their 17th year of continuous production and revenue generation.”
IMPACT Silver engages in silver mining and related activities including exploration, development, and mineral processing in Mexico. The company operates a series of mines near Zacualpan in the state of Mexico and in Guerrero state. It produces silver, lead, zinc and gold sold in the form of lead and zinc concentrates.
IMPACT Silver Corp. last traded at $0.22 per share.
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