1
APR 2014 | Q4 2013
Except for historical information, this presentation may contain certain “forward-looking” statements and information rela...
GROWING
ASSETS
CONTINUOUS
EXPLORATION
PRUDENT
MANAGEMENT
IMPACT Silver is a junior silver producer with low cost operation...
Frederick W. Davidson, CA President, CEO, Director
President of IMPACT Silver and Energold Drilling Corp. Over 33 years of...
• Nearly 100% owned and operated 623 km² (62,300 ha)
mineral exploration land package in south-central Mexico.
• Two conti...
• The Royal Mines of Zacualpan is one of the oldest
mining districts in the Americas, with nearly 500
years of recorded mi...
Mine and Production Center Location Map
• The 500-tpd Guadalupe Production Center is located
within the Zacualpan District...
Long Term Goal and Mine Development Process
To build a profitable, mid-tier, multimillion ounce precious metals producing ...
Guadalupe Production
Centre
Zacualpan District
500 TPD
Flotation circuit
Operating near
capacity
Mill feed from
San Ramon,...
10
Guadalupe Production Centre
• Guadalupe Production Centre (500 tpd) • Flotation circuit produces silver-lead and zinc-s...
11
Capire Mine and Production Centre
• Capire Mine (VMS, open-pit)• Capire Production Centre (200 tpd pilot plant)
San Ramon
Began production in 2008
Epithermal veins
Current primary producing
mine in the Zacualpan
District
Contribution ...
Geology of Epithermal Vein Systems
Silver-rich at top of vein
200 – 1,000+ g/t Ag
Lead and Zinc-rich at
bottom of vein
60 ...
Exploration Targets
Zacualpan District
• Mirasol
• La Condesa
• Santa Efigenia
Capire-Mamatla District
• Manto Rico
• Guad...
Production Summary
Production Highlights Q4 2013 YE 2013 Change YE 2012
Silver production (oz) 153,512 682,526 +10% 620,51...
(CDN$000’000’s except EPS) YE 2013 YE 2012 YE 2011
Revenues $14.1 $15.9 $24.3
Operating expenses 11.3 $10.3 $10.1
Mine ope...
All prices in Canadian Dollars As of April 5, 2014
Common shares – Issued & Outstanding 68.1 M
Fully Diluted 74.8 M
Share ...
2013
• 30,000 meter exploration drill program (completed)
• Increase average silver mill feed grade (completed: Q1-146 g/t...
Contact Us
IMPACT Silver Corp.
TSX-V: IPT Frankfurt: IKL
Telephone 1-604-681-0172
Fax 1-604-681-6813
Email inquiries@impac...
Appendix I: Capire NI 43-101 Resource Estimate
Completed February 2011
Metal Content for Capire Mine Ag (oz) Au (oz) Cu (l...
Appendix II: Capire Drill Highlights
A Selection of Capire Drill Highlights
Drill Hole From (m)
To
(m)
Interval
(m)
Ag (g/...
Appendix III: Mirasol Drill Highlights
A Selection of Mirasol Drill Highlights
Drill Hole Vein Name From (m)
To
(m)
Interv...
Appendix IV: Cuchara-Oscar Drill Highlights
A Selection of Cuchara-Oscar Drill Highlights
Drill Hole To (m) From (m) Inter...
Appendix V: Valle de Oro Drill Highlights
A Selection of Carlos Pacheco Drill Highlights
Drill Hole From (m) To (m) Interv...
Appendix VI: La Condesa Drill Highlights
A Selection of La Condesa Drill Highlights
Drill Hole To (m) From (m) Interval (m...
Appendix VII: San Juan Project Drill Highlights
A Selection of San Juan Project Area Drill Highlights
Drill Hole Vein Name...
27
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  1. 1. 1 APR 2014 | Q4 2013
  2. 2. Except for historical information, this presentation may contain certain “forward-looking” statements and information relating to IMPACT that are 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, 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 forward-looking statement. The factors that could cause actual results to differ materially include, but are not limited to, the following: general economic conditions; changes in financial markets; the impact of exchange rates; political conditions and developments in countries in which the Company operates; changes in the supply, demand and pricing of the metal commodities which the Company mines or hopes to find and successfully mine; changes in regulatory requirements impacting the Company’s operations; the ability to properly and efficiently staff the Company’s operations; the sufficiency of current working capital and the estimated cost and availability of funding for the continued exploration and development of the Company’s exploration properties. This list is not exhaustive and these and other factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-looking statements. As a result of the foregoing and other factors, no assurance can be given as to any such future results, levels of activity or achievements and neither the Company nor any other person assumes responsibility for the accuracy and completeness of these forward-looking statements. NI43-101 QUALIFIED PERSON 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 information in this presentation. Cautionary Statement 2
  3. 3. GROWING ASSETS CONTINUOUS EXPLORATION PRUDENT MANAGEMENT IMPACT Silver is a junior silver producer with low cost operations and a growing portfolio of silver mines in south-central Mexico. A cornerstone of IMPACT’s success is systematic exploration leading to rapid mine development to increase mill throughput and generate near-term cash flow. Focused on creating value by growth primarily through earnings, in the pursuit of building a multimillion ounce precious metals producer. Overview 3
  4. 4. Frederick W. Davidson, CA President, CEO, Director President of IMPACT Silver and Energold Drilling Corp. Over 33 years of mining experience, including holding various senior positions at Erickson Gold Mines Ltd. and Mt. Skukum Gold Mines. George Gorzynski, P. Eng. VP Exploration, Director Over 30 years of exploration and mining experience; current Director of Tirex Resources, Defiance Silver and Berkwood Resources. Richard Younker, CA, CMC CFO Held the senior financial consulting principal position at Woods Gordon; independent financial consultant in public and private sectors. Armando Alexandri COO Over 35 years of mining experience in underground and open-pit mines as well as flotation and cyanidation processing plants. H. Walter Sellmer, P. Geo Director Held senior positions at Amax Exploration, Canamax Resources Inc. and TOTAL Energold Corp. Victor Tanaka, P. Geo Director President and CEO of Bayswater Uranium Corp. Held senior positions at Asamera Inc., Freeport McMoRan Gold Corp., Aber Resources, Major General Resources, Fjordland Exploration and Pathfinder Resources. Richard Mazur, P. Geo, MBA Director President and CEO of Forum Uranium Corp. and CEO of Alto Ventures Ltd. Held senior positions at Canamax Resources and IMPACT Minerals. Peter Tredger, P. Eng., MBA Director Former Senior Officer of Thompson Creek Metals Company. Held senior positions at Glencairn Gold (now B2Gold) and Wheaton River Minerals (now Goldcorp). Jean-Pierre Bourtin, MBA Director President of a private equity firm in Connecticut, USA. Former Treasurer of Xerox Corp., Latin American and Emerging Markets. Directors & Management 4
  5. 5. • Nearly 100% owned and operated 623 km² (62,300 ha) mineral exploration land package in south-central Mexico. • Two contiguous mineral districts with mining activities dating back to the 1500s. • A three hour drive southwest from Mexico City, with paved road access to the gate of IMPACT’s Guadalupe Production Center. • Excellent infrastructure, with a modern power grid, ample water supply and a skilled, 99% Mexican workforce. • Many other significant mining operations within close proximity. 5 Property Location in Mexico
  6. 6. • The Royal Mines of Zacualpan is one of the oldest mining districts in the Americas, with nearly 500 years of recorded mining history. • IMPACT’s 623 km² land package consists of two large mineral districts and one subdistrict: The Zacualpan District and the Capire-Mamatla District, and the Valle de Oro subdistrict. • IMPACT’s exploration work has catalogued over 3,500 old mine and mill workings, forming an invaluable basis for modern and effective exploration. Prolific Mining History 6 Zacualpan District Capire District Valle de Oro subdistrict Early stage exploration area
  7. 7. Mine and Production Center Location Map • The 500-tpd Guadalupe Production Center is located within the Zacualpan District. • The Guadalupe Production Center receives ore from three underground silver mines located within close proximity: • San Ramon Mine • Noche Buena Mine • Cuchara-Oscar Mine • The 200-tpd Capire Production Centre is located within the Capire-Mamatla District. • The Capire Production Center commenced pilot production in March 2013, with test operations continuing with mineral feed from the adjacent open-pit Capire Mine. 7
  8. 8. Long Term Goal and Mine Development Process To build a profitable, mid-tier, multimillion ounce precious metals producing company with multiple mines feeding multiple processing centres. Exploration and Mine Development Process Flowchart Over 3,000 old mine workings and prospects catalogued in IMPACT’s ArcGIS database RESEARCH Compile old mines and prospects from historic maps FIELD WORK Geological mapping, surface and underground rock sampling Select and prioritize favorable areas and prospects and design the drill program DRILLING Drill program will be results-driven and implemented in phases Current targets: • Capire (south) • Mirasol • La Condesa • Santa Efigenia • San Juan MINE DEVELOPMENT Mine design, planning, permitting and construction PRODUCTION & CASH FLOW Pilot operations at Capire Plant with plans to expand to larger scale production in the future • San Ramon • Noche Buena • Cuchara-Oscar • Capire 8
  9. 9. Guadalupe Production Centre Zacualpan District 500 TPD Flotation circuit Operating near capacity Mill feed from San Ramon, Noche Buena & Cuchara-Oscar Mines (underground) Capire Production Centre Capire-Mamatla District 200 TPD Pilot plant with expansion plans Mill feed from Capire Mine (open-pit) 9 Guadalupe Production Centre Zacualpan District 500 TPD Flotation circuit operating near capacity Mill feed from San Ramon, Noche Buena & Cuchara-Oscar Mines (epithermal, underground) Capire Production Centre Capire-Mamatla District 200 TPD Pilot plant operation with expansion plans Mill feed from Capire Mine (VMS, open-pit) Two Production Centres
  10. 10. 10 Guadalupe Production Centre • Guadalupe Production Centre (500 tpd) • Flotation circuit produces silver-lead and zinc-silver concentrates
  11. 11. 11 Capire Mine and Production Centre • Capire Mine (VMS, open-pit)• Capire Production Centre (200 tpd pilot plant)
  12. 12. San Ramon Began production in 2008 Epithermal veins Current primary producing mine in the Zacualpan District Contribution of total production in Q3 2013: 41% Noche Buena Began production in 2010 Epithermal veins in Valle de Oro subdistrict located in the Zacualpan District Contribution of total production in Q3 2013: 32% Cuchara-Oscar Corridor of wide, high-grade epithermal veins linking legacy mines within the Cuchara Mine Complex in the Zacualpan District Contribution of total production in Q3 2013: 27% Capire Volcanogenic sulfide deposit with high-grade polymetallic mineralization in the Capire-Mamatla District Contribution of total production in Q3 2013: 0% (In commissioning phase) Four Producing Silver Mines 12
  13. 13. Geology of Epithermal Vein Systems Silver-rich at top of vein 200 – 1,000+ g/t Ag Lead and Zinc-rich at bottom of vein 60 – 150 g/t Ag Gold-copper at depths of 300 m+ Metal Zoning in Ore Shoots Strike Length 150 – 420 m (500 – 1,400 ft) Metal Level in Producing Mines Surface – 0 m (0 ft) 150 m (500 ft) 300 m (1,000 ft) Depth 13 Noche Buena Mine San Ramon Mine Valle de Oro subdistrict Exploration property, includes Carlos Pacheco gold-copper zone and San Juan Project Cuchara-Oscar Mine
  14. 14. Exploration Targets Zacualpan District • Mirasol • La Condesa • Santa Efigenia Capire-Mamatla District • Manto Rico • Guadalupe • Aurora II Valle de Oro Subdistrict • Carlos Pacheco • San Juan Project • Huatescosco Dominican Republic • Early stage exploration on legacy claims 623 km² land package* * Does not include the Dominican Republic claims • An abundance of attractive exploration targets across Zacualpan and Capire districts to drive organic growth and potentially advance into mine development and production. 14 Above: Statue of miner in Zacualpan’s town square, Mexico
  15. 15. Production Summary Production Highlights Q4 2013 YE 2013 Change YE 2012 Silver production (oz) 153,512 682,526 +10% 620,515 Gold production (oz) 337 1269 +102% 629 Average mill head grade (silver grams per tonne) 151 158 +14% 138 Total tonnes produced (t) 36,655 159,270 -6% 168,826 Tonnes produced per day 398 436 -6% 463 Revenue per production tonne sold $75 $84 -10% $94 Direct costs per production tonne $70 $68 +9% $62 15 Silver-Focused Producer 69.86% 4.79% 4.05% 7.73% Metal Production Profile Silver production (oz) Lead production (t) Zinc production (t) Gold production (oz)
  16. 16. (CDN$000’000’s except EPS) YE 2013 YE 2012 YE 2011 Revenues $14.1 $15.9 $24.3 Operating expenses 11.3 $10.3 $10.1 Mine operating earnings (loss) $0.5 $4.0 $12.9 EBITDA ($4.6) $1.6 $13.0 Net earnings (loss) ($8.5) ($1.1) $7.6 Operating cash flow* $0.6 $3.3 $10.2 Debt Nil Nil Nil Earnings (loss) per share – basic ($0.13) ($0.02) $0.12 Cash and cash equivalents $3.5 $16.0 $30.8 Working capital $6.9 $21.4 $31.2 16 *Before changes in non-cash working capital Financial Highlights The Company’s working capital and cash position decreased from the year ended December 31, 2012, as the Company continued to invest in the development of the Capire Mine and Production Centre, as well as continued exploration in the Zacualpan District.
  17. 17. All prices in Canadian Dollars As of April 5, 2014 Common shares – Issued & Outstanding 68.1 M Fully Diluted 74.8 M Share Price $0.66 52wk Range $0.44 - $1.17 90-Day Average Daily Volume 72,963 Shares Market Capitalization 45.0M Insider and Institutional Ownership 14.9% Options Issued 6.7 M Warrants Nil Corporate Summary (TSX-V: IPT) 17 Source: BigCharts.com 1-Year Chart Summary
  18. 18. 2013 • 30,000 meter exploration drill program (completed) • Increase average silver mill feed grade (completed: Q1-146 g/t Ag; Q2 – 163 g/t Ag; Q3 – 171 g/t Ag) • Complete drilling at Mirasol Prospect and determine its potential as next producing mine (completed) 2014 • Continue drilling on the VMS targets in the Capire district • Advance towards graduation from the TSX-V to the TSX 2015 • Consider the location of an additional production center in the Zacualpan District • Define the size of the planned expansion at the Capire Processing Centre and to initiate construction the larger processing plant Plans for Growth 18
  19. 19. Contact Us IMPACT Silver Corp. TSX-V: IPT Frankfurt: IKL Telephone 1-604-681-0172 Fax 1-604-681-6813 Email inquiries@impactsilver.com Investor Relations Manager Jerry Huang MBA Website www.impactsilver.com Twitter @IMPACT_Silver Corporate Address Suite1100 - 543 Granville Street Vancouver, BC, Canada V6C 1X8 19
  20. 20. Appendix I: Capire NI 43-101 Resource Estimate Completed February 2011 Metal Content for Capire Mine Ag (oz) Au (oz) Cu (lb) Pb (lbs) Zn (lbs) Measured 3,529,969 14,146 3,389,275 18,234,678 46,140,820 Indicated 3,694,066 16,300 3,693,733 19,029,800 49,522,173 Measured & Indicated (M&I) 7,224,035 30,446 7,083,007 37,264,478 95,662,993 Inferred 435,959 1,919 475,594 2,260,089 5,823,490 Summary Table of Classified Mineral Resources – Measured & Indicated and Separate Inferred Zone Classification Tonnes Ag (g/t) Au (g/t) Cu (%) Pb (%) Zn (%) Capire M&I 3,104,944 46.46 0.19 0.06 0.33 0.93 Aurora 1 M&I 1,807,302 44.50 0.199 0.07 0.36 0.80 Total M&I 4,912,246 45.74 0.193 0.06 0.34 0.88 Inferred 371,066 36.54 0.161 0.06 0.28 0.71 • Drilling in 2010 showed Capire and Aurora 1 to be one continuous zone, now referred to as Capire • See National Instrument 43-101 Resource Estimate on the Company website at www.impactsilver.com 20
  21. 21. Appendix II: Capire Drill Highlights A Selection of Capire Drill Highlights Drill Hole From (m) To (m) Interval (m) Ag (g/t) Au (g/t) Pb (%) Zn (%) Cu (%) C12-06 78.25 80.30 2.05 507 1.81 2.20 4.02 0.41 including 79.30 80.30 1.00 929 3.27 2.77 5.27 0.63 and 105.70 110.80 5.10 183 0.20 1.05 2.45 0.13 C12-21 83.35 100.10 16.75 153 0.40 1.14 2.71 0.21 including 92.40 97.00 4.60 435 0.71 3.13 5.99 0.48 C12-25 13.20 23.35 10.15 107 0.58 0.90 2.43 0.10 including 13.20 15.25 2.05 315 0.91 2.93 8.19 0.25 • Drill holes listed above were drilled vertically and all intersections are estimated to be close to true width • See IMPACT Silver News Release dated October 25, 2012 21
  22. 22. Appendix III: Mirasol Drill Highlights A Selection of Mirasol Drill Highlights Drill Hole Vein Name From (m) To (m) Interval (m) Ag (g/t) Au (g/t) Pb (%) Zn (%) Z12-71 Mirasol Central 73.9 82.9 8.98 183 0.030 0.07 0.14 including Mirasol Central 75.2 82.4 7.15 216 0.040 0.08 0.16 Z12-79 Mirasol Arriba 4 111.22 113.36 2.14 119 0.014 0.07 0.18 and Mirasol Arriba 3 127.25 128.40 1.15 400 0.034 0.13 0.08 and Mirasol Arriba 1 162.60 164.48 1.88 529 0.283 0.37 1.31 Z12-80 El Deshuesadero 83.45 85.15 1.70 931 0.30 1.03 2.10 Z12-85 Mirasol Arriba 3 114.65 116.00 1.35 792 0.143 0.48 0.16 Z12-86 Mirasol 176.56 177.60 1.04 337 0.023 0.15 0.76 • Discovered in November 2012, located 5.5km from Guadalupe Production Center, in Zacualpan • Several high grade silver values discovered, with drill hole Z12-79 encountering seven distinct veins, all of which are contributing potentially economic silver intersections. See IMPACT Silver News Releases dated January 28, 2013 and November 26, 2012 22
  23. 23. Appendix IV: Cuchara-Oscar Drill Highlights A Selection of Cuchara-Oscar Drill Highlights Drill Hole To (m) From (m) Interval (m) Ag (g/t) Au (g/t) Pb (%) Zn (%) Z11-46 92.10 97.75 5.65 1,007 0.07 0.50 1.1 including 96.70 97.75 1.05 4,580 0.26 1.70 4.0 and 108.95 111.70 2.75 1,128 0.51 0.90 1.4 Z11-55 21.80 22.85 1.05 435 0.01 0.15 0.24 Z11-64 36.60 43.20 6.60 223 0.08 0.18 0.52 Z11-69 0.70 3.35 2.65 408 0.62 0.73 1.12 Z11-74 21.35 22.35 1.00 1,875 0.74 2.65 6.88 Z12-05 92.50 97.60 5.10 234 0.05 0.14 0.49 Z12-08 22.36 45.75 23.39 115 0.02 0.12 0.36 • See IMPACT Silver News Releases dated October 26, 2011 and April 23, 2012 23
  24. 24. Appendix V: Valle de Oro Drill Highlights A Selection of Carlos Pacheco Drill Highlights Drill Hole From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Cu (%) Z08-68 Top of intercept - 85.74 2.90 19.6 68 0.29 including Top of intercept - 85.74 1.0 49.7 59 0.31 Z12-13 192.30 199.00 6.70 3.84 28 0.54 including 192.30 195.05 2.75 8.47 56 1.12 Z12-23 229.85 230.95 1.10 3.82 84 0.54 A Selection of Intermediate Vein Drill Highlights Drill Hole From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Pb (%) Zn (%) Z12-16 100.00 114.30 14.30 0.04 82 0.09 0.19 including 100.00 106.50 6.50 0.06 119 0.06 0.14 Z12-18 57.00 59.00 2.00 0.20 337 0.23 0.43 Z12-23 26.10 28.10 2.00 0.22 207 0.10 0.15 • In addition to the gold-copper mineralization in the Carlos Pacheco vein, other drill holes intersected Ag-Pb-Zn mineralization in the Intermediate vein cluster, located midway between the Carlos Pacheco and Noche Buena veins. See IMPACT Silver News Releases dated December 4, 2008 and July 11, 2012 24
  25. 25. Appendix VI: La Condesa Drill Highlights A Selection of La Condesa Drill Highlights Drill Hole To (m) From (m) Interval (m) Ag (g/t) Au (g/t) Pb (%) Zn (%) Z12-39 167.30 171.00 3.70 312 0.029 0.27 0.90 Z12-42 136.00 139.78 3.78 214 0.269 0.15 0.37 Z12-45 177.90 179.00 1.10 1,655 0.010 0.25 0.08 Z12-46 151.40 154.25 2.85 255 0.111 0.22 0.46 Z12-55 57.80 59.60 1.80 245 0.030 0.12 0.36 Z12-63 106.50 108.85 2.35 231 0.010 0.16 0.26 Z12-64 101.10 105.55 4.45 200 0.035 0.21 0.49 Z12-68 46.40 50.30 3.90 250 0.009 0.07 0.16 • La Condesa accessed through the underground workings of the historic Cuchara Mine, which is also used to access the Cuchara-Oscar Mine • Mineralization from La Condesa is planned to augment the production from Cuchara-Oscar • See IMPACT Silver News Release dated November 19, 2012 25
  26. 26. Appendix VII: San Juan Project Drill Highlights A Selection of San Juan Project Area Drill Highlights Drill Hole Vein Name From (m) To (m) True Width (m) Ag (g/t) Au (g/t) Pb (%) Zn (%) Z13-40 61.70 63.15 1.31 7.9 3.956 0.10 0.19 Z13-42 Carlos Pacheco 119.30 128.60 9.02 21.3 3.894 0.98 3.28 including Carlos Pacheco 127.65 128.60 0.92 73.3 33.630 4.09 12.02 Z13-43 Carlos Pacheco 92.05 98.95 6.63 152.4 0.412 0.28 0.75 Z13-44 Noche Buena 11.60 14.00 2.07 1,409.8 0.963 0.29 0.34 including Carlos Pacheco 158.05 162.40 4.03 30.9 4.070 0.18 0.83 Z13-45 Carlos Pacheco 14.60 22.55 7.47 41.64 0.050 0.18 0.25 and Carlos Pacheco 169.00 173.00 3.78 18.3 9.350 0.04 0.08 • These first phase drill results are from the San Juan Project Area, located in the Valle de Oro subdistrict, adjacent to the producing Noche Buena Mine • The San Juan Project Area encompasses a series of old mine workings containing multiple working levels located 150m to the north of the Noche Buena Mine. These old working lie along the northern extension of the Carlos Pacheco Vein, where previous drilling intersected 19.6g/t gold across 2.9m and 3.84g/t gold across 6.7m. See IMPACT Silver News Release dated October 30, 2013 for details. 26
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