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EQUIPMENT PURCHASES
The purchase is the final exercise of the option agreement announced March 14, 2006. Under the agreement, IMPACT acquired the 500-tonne-per-day (tpd) processing plant plus certain mineral concessions and surface rights for US$1,140,000 plus 100,000 shares. Until now, IMPACT leased the plant and surface rights in order to process its mineral production. The producing Guadalupe Mine is located on formerly-leased mineral concessions where IMPACT had been paying a 2.5% Net Smelter Return royalty on all mineral production. These lease and royalty payments ended with this purchase.
With these purchases, IMPACT now owns all the equipment and surface rights related to its Royal Mines of Zacualpan operations and has a 100% interest with no underlying royalties to its mineral concessions comprising most of the Zacualpan silver district.
The Royal Mines of Zacualpan Silver Project includes two operating silver mines, a 500-tpd operating plant (currently operating at about 200 tonnes per day) and associated mineral concessions covering 124.5km2 over most of the Zacualpan Silver District. Production is presently coming from the Guadalupe Mine in the center of the district and the high grade San Ram
