| www.grahamanalytics.com | ||||||
| Company Fact Sheet | ||||||
| Date of Report: | June 29 | |||||
| Company Name: | IMPACT Silver Corp | |||||
| Stock Symbol: | IPT | |||||
| Exchange: | Venture | |||||
| Company Website: | www.impactsilver.com | |||||
| Section A. Financial | ||||||
| 1. When was the Company incorporated? | before 2000 | |||||
| 2. Nature of current operations: | Both Exploration and Production | |||||
| 3. Shares outstanding: | 48,175,210 | |||||
| 4. Shares fully diluted: | 52,126,210 | |||||
| 5. Options outstanding (grouped in reverse order by date): | ||||||
| 1 (most recent) | 2 | 3 | 4 | |||
| Number | 35,000 | 551,000 | 1,055,000 | 75,000 | ||
| Price | $1.44 | $0.42 | $1.40 | $1.67 | ||
| Expiry | 2/2010 | |||||
| 6. Warrants outstanding, excluding brokers' warrants (in reverse order by date): | ||||||
| 1 (most recent) | 2 | 3 | 4 | |||
| Number | ||||||
| Price | ||||||
| Expiry | ||||||
| 7. Financings in the past 24 months: | ||||||
| 1 (most recent) | 2 | 3 | 4 | |||
| Number of shares | 7,300,00 | 6,250,000 | ||||
| Price of shares | $1.10 | $0.40 | ||||
| Number of warrants (excluding brokers' warrants) | ||||||
| Exercise price of warrants | ||||||
| 8. Total number of shareholders: | 500-999 | |||||
| 9. Insider holdings: | ||||||
| Number of shares | 1,402,050 | |||||
| Number of options | 1,125,000 | |||||
| Number of warrants | ||||||
| 10. Is there a share-based incentive plan? | No | |||||
| 11. If yes, detail: | ||||||
| 12. Is there a Shareholders' Rights Plan in place? | Yes | |||||
| 13. Does a larger unrelated mining company hold greater than 5% of common shares, or is a joint venture with a larger company now in place? | No | |||||
| 14. Cash and short-term investments on hand ($): | $5,433,480 | |||||
| 15. Book value of ABCP ($): | ||||||
| 16. How many geologists (full-time equivalent) are engaged | 10+ | |||||
| by the company? | ||||||
| Section B. On the subject of the lead geologist: | ||||||
| 1. Name: | George Gorzynski | |||||
| 2. Is this a Qualified person as defined in terms of NI 43-101? | Yes | |||||
| 3. Years of experience in the field: | 20+ | |||||
| 4. Has this person played a key role in advancing a project from early exploration to: | ||||||
| a) historic (non-compliant) resource, pre-NI 43-101 | Yes | |||||
| If yes, detail: | ||||||
| b) NI 43-101 resource estimate | ||||||
| If yes, detail, if different from above: | ||||||
| c) joint venture with or buyout by a larger mining company | ||||||
| If yes, detail, if different from above: | ||||||
| d) an operating mine | Yes | |||||
| If yes, detail, if different from above: | Impact Silver's Chivo and San Ramon mine | |||||
| Section C. On the subject of the lead executive responsible for financing: | ||||||
| 1. Name: | Fred Davidson | |||||
| 2. Years of experience in the field: | 20+ | |||||
| 3. Total funds ($CAD) raised for this company: | 10m-19.9m | |||||
| 4. Total funds ($CAD) raised in the mining sector: | 50m+ | |||||
| 5. Names of all Investment Bankers involved in financing this company in the past 24 months: | ||||||
| Section D. Property #1 | ||||||
| 1. Name of the property: | Zacualpan Silver
District |
|||||
| 2. Location: | Mexico | |||||
| 3. Key resource targets (up to four): | Silver | Lead | Zinc | Gold | ||
| 4. Is there paved road access to the property? | Yes | |||||
| 5. Distance to the nearest major city: | 50 km.+ | |||||
| 6. Distance to the nearest adequate power grid: | <5 km. | |||||
| 7. Distance to the nearest adequate water supply: | <5 km. | |||||
| 8. Distance to the nearest adequate labour supply: | <5 km. | |||||
| 9. Distance to the nearest rail suitable for transport: | <5 km. | |||||
| 10. Distance to the nearest port suitable for transport: | 50 km.+ | |||||
| 11. Distance to the nearest protected wildlife refuge: | 50 km.+ | |||||
| 12. Distance to the nearest tourist resort: | 20-49.9 km. | |||||
| 13. What is the mean elevation (msl) of the property? | 1000-4999m. | |||||
| 14. Has this property been meaningfully mined before? | Yes | |||||
| 15. If yes, please describe any remaining usable infrastructure: | -Zacualpan Mill
500 tpd -Roads -Electricity -Water -20+ residences -Mine building -Guadalupe Mine -Gallega Mine |
|||||
| 16. Is this property currently an operating mine? | Yes | |||||
| 17. If no, distance to the nearest mine for target metals: | ||||||
| 18. Name of that mine and operator: | ||||||
| 19. Is there a NI 43-101 compliant resource report for the property? | No | |||||
| 20. If yes, please describe the key report estimates: | ||||||
| 21. If no, distance to nearest property with NI 43-101 | 20-49.9 km. | |||||
| compliant resource report. | ||||||
| 22. Name of that property and operator: | -Taxco Mine -Grupo Mexico -Farrallon Resources |
|||||
| 23. Is the property owned outright by the company? | Yes | |||||
| 24. If no, has the company secured mineral rights? | ||||||
| 25. If no, has the company secured surface rights? | ||||||
| 26. Does the company have permitting to explore the property? | Yes | |||||
| 27. Does the company have permitting to mine the property? | Yes | |||||
| 28. Total metres of drilling now completed: | 10,000-19,999 |
|||||
| 29. Total metres of drilling planned for next 12 months: | 10,000-19,999 |
|||||
| 30. Number of drilling rigs now on the property: | 3 | |||||
| 31. Number of new rigs planned for next 12 months: | 1 | |||||
| 32. Number of months/yr. this property is open to exploration: | 12 | |||||
| 33. Number of months/yr. this property is open to mining: | 12 | |||||
| 34. Exploration budget on this property for next 12 months: | $4,000,000 | |||||
| 35. Has metallurgical testing been completed in support of the case | Yes | |||||
| for successful recovery of target metals for this deposit? | ||||||
| For this property, describe up to the three best drilling results: | ||||||
| Hole number 1 | ||||||
| 36. Name | Concepcion Vein | |||||
| Start of mineralization in metres from the surface | ||||||
| Mineralized Metres | Metal | Grade | Measure | |||
| 37. - 40. | 0.40m True Width (as part of intercept 153.6m) | Silver | 27793.00 | gpt | ||
| Lead | 7.52 | % | ||||
| Zinc | 9.47 | % | ||||
| Hole number 2 | ||||||
| 41. Name | Chivo Z08-13 | |||||
| Start of mineralization in metres from the surface | 49.4m 1.9M True Width | |||||
| Mineralized Metres | Metal | Grade | Measure | |||
| 42. - 45. | Top of Intercept | Silver | 3902.00 | gpt | ||
| Lead | 2.16 | % | ||||
| Zinc | 2.96 | % | ||||
| Hole number 3 | ||||||
| 46. Name | Chivo Z08-13 | |||||
| Start of mineralization in metres from the surface | 49.4m 0.6M True Width | |||||
| Mineralized Metres | Metal | Grade | Measure | |||
| 47. - 50. | Top of Intercept | Silver | 11463.00 | gpt | ||
| Lead | 10.25 | % | ||||
| Zinc | 5.02 | % | ||||
| 51. Website link to detailed drilling results: | www.impactsilver.com | |||||
| Section E. Property #2 | ||||||
| 1. Name of the property: | Mamatla Silver District | |||||
| 2. Location: | Mexico | |||||
| 3. Key resource targets (up to four): | Silver | Lead | Zinc | Gold | ||
| 4. Is there paved road access to the property? | Yes | |||||
| 5. Distance to the nearest major city: | 50 km.+ | |||||
| 6. Distance to the nearest adequate power grid: | <5 km. | |||||
| 7. Distance to the nearest adequate water supply: | <5 km. | |||||
| 8. Distance to the nearest adequate labour supply: | <5 km. | |||||
| 9. Distance to the nearest rail suitable for transport: | 20-49.9 km. | |||||
| 10. Distance to the nearest port suitable for transport: | 50 km.+ | |||||
| 11. Distance to the nearest protected wildlife refuge: | 50 km.+ | |||||
| 12. Distance to the nearest tourist resort: | 20-49.9 km. | |||||
| 13. What is the mean elevation (msl) of the property? | 1000-4999m. | |||||
| 14. Has this property been meaningfully mined before? | Yes | |||||
| 15. If yes, please describe any remaining usable infrastructure: | None | |||||
| 16. Is this property currently an operating mine? | No | |||||
| 17. If no, distance to the nearest mine for target metals: | 20-49.9 km. | |||||
| 18. Name of that mine and operator: | -Taxco -Farallon Resources |
|||||
| 19. Is there a NI 43-101 compliant resource report for the property? | No | |||||
| 20. If yes, please describe the key report estimates: | ||||||
| 21. If no, distance to nearest property with NI 43-101 | 20-49.9 km. | |||||
| compliant resource report: | ||||||
| 22. Name of that property and operator: | -Taxco -Farallon |
|||||
| 23. Is the property owned outright by the company? | Yes | |||||
| 24. If no, has the company secured mineral rights? | ||||||
| 25. If no, has the company secured surface rights? | ||||||
| 26. Does the company have permitting to explore the property? | Yes | |||||
| 27. Does the company have permitting to mine the property? | Partially | |||||
| 28. Total metres of drilling now completed: | 20,000-49,999 | |||||
| 29. Total metres of drilling planned for next 12 months: | 5,000-9,999 | |||||
| 30. Number of drilling rigs now on the property: | 1 | |||||
| 31. Number of new rigs planned for next 12 months: | ||||||
| 32. Number of months/yr. this property is open to exploration: | 12 | |||||
| 33. Number of months/yr. this property is open to mining: | 12 | |||||
| 34. Exploration budget on this property for next 12 months: | $1,000,000 | |||||
| 35. Has metallurgical testing been completed in support of the case | Yes | |||||
| for successful recovery of target metals for this deposit? | ||||||
| For this property, describe up to the three best drilling results: | ||||||
| Hole number 1 | ||||||
| 36. Name | Capire | |||||
| Start of mineralization in metres from the surface | ||||||
| 37. - 40. | Mineralized Metres | Metal | Grade | Measure | ||
| 6m True Width | Silver | 2218.00 | gpt | |||
| Lead | 2.38 | % | ||||
| Zinc | 5.67 | % | ||||
| Hole number 2 | ||||||
| 41. Name | Aurora I | |||||
| Start of mineralization in metres from the surface | ||||||
| 42. - 45. | Mineralized Metres | Metal | Grade | Measure | ||
| 9.55m True Width | Silver | 267.00 | gpt | |||
| Lead | 3.17 | % | ||||
| Zinc | 5.59 | % | ||||
| Hole number 3 | ||||||
| 46. Name | Aurora 1 | |||||
| Start of mineralization in metres from the surface | ||||||
| 47. - 50. | Mineralized Metres | Metal | Grade | Measure | ||
| 1.5M True Width | Silver | 1164.00 | gpt | |||
| Lead | 0.60 | % | ||||
| Zinc | 1.20 | % | ||||
| 51. Website link to detailed drilling results: | www.impactsilver.com | |||||
| Additional comments provided by the Company | ||||||
| Milestones Operating in over 472 km2 272 km2 in prolific silver district, the Royal Mines of Zacualpan Four mines processing on average 280 tpd Profitable, 2008 Earnings Per Share (EPS) $0.01 $1,749,000 Positive Cash flow for Year Ended Dec 31 2008 200 km2 Mamatla Silver district with over 70 targets located within trucking distance of production facilities Acquired a third mill; 200 tpd Option to purchase a 200 tpd operating mill in Zacatecas 16 mineral concessions in Zacatecas Zero debt, zero hedging policy 2009 Objectives Ramp up production to 500 tpd at Zacualpan Keep production costs under US$6.50/ounce Define an initial NI 43-101 compliant resource estimate within the Mamatla District Continue 12,000 m surface and underground drilling program at Zacualpan, Mamatla and Zacatecas which is currently underway |
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