|By Marketwired .||
|February 12, 2014 05:04 PM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/12/14 -- IMPACT Silver Corp. ("IMPACT" or the "Company") (TSX VENTURE:IPT) announces operational changes to the pilot plant operation at its Capire Production Centre in Mexico. After nearly one year of test production, the Company has made the strategic decision to process higher value gold and copper mineralization from the Carlos Pacheco/San Juan area and, at this time, suspend mining operations at the lower grade open-pit Capire Silver Mine. The larger Guadalupe Production Centre, located 16 kilometers to the north, will continue producing silver with lead-zinc by-products.
The Capire Production Centre has been operating as a 200-tpd ("tonne-per-day") pilot plant operation with silver-lead-zinc feed from the adjacent open pit since March 2013, when the price of silver was over $28 per ounce. In the course of this pilot plant work and in light of the current lower silver prices, recent Mexican mining tax changes and low overall silver grade being mined at Capire, IMPACT has recognized that the open pit test mining operation is not currently economic at its present small scale. Therefore, mining operations in the Capire open pit have been suspended. Management is reviewing the possibility of a write-down in the carrying cost of the open pit zone in the 2013 year-end financial statements. The Capire plant will continue operating and is now being converted to process gold-copper mineralization from the Carlos Pacheco/San Juan area.
Since 2008, drilling by IMPACT in the Carlos Pacheco/San Juan area has outlined two zones of gold-copper mineralization near and within the active workings of the Noche Buena Silver Mine. Recent drill results have further expanded this mineralization and led to a decision to begin mining and processing this higher value gold and copper mineralization in the Capire plant.
Capire Production Centre
The Capire Production Centre is located 12 kilometers south of the Carlos Pacheco/San Juan area. The purpose of the test mining and processing operations at the Capire pilot plant was to determine production costs and optimize mining and processing methods in planning for a larger operation in the future. To date, most of this test work has been completed. Processing methods have been optimized, and production costs and cut-off grades in the open pit at 200-tpd were determined during the test mining. Additional studies with respect to open pit optimal strip ratios, grade control and projections toward scaling up the operation have yet to be completed. Together, these will provide the foundation for the planning of a potentially larger, lower grade open pit operation in the future.
The Capire processing plant is now undergoing renovations which include minor adjustments to the crushing and grinding circuit, and metallurgical adaptions to the flotation circuit in order to optimize gold and copper recoveries. A gold gravity recovery unit is also being considered. Renovations are projected to be completed in the second quarter of 2014, and mineral feed to the plant will be ramped up through the second half of the year as additional mining faces at Carlos Pacheco/San Juan are developed.
Once renovations are completed, the Capire Production Centre will produce gold-copper concentrates while the larger Guadalupe Production Centre will continue to produce silver-lead-zinc concentrates. This flexibility in development is the product of organic exploration and mine development by the IMPACT team within the 100%-owned Royal Mines of Zacualpan project area. Corporately, this multi-metal production mix and higher value feed for the Capire plant should enhance IMPACT's ability to weather the current downturn in the metals markets.
Carlos Pacheco Gold-Copper Vein
The Carlos Pacheco Gold-Copper Vein is located 170 meters east of the Noche Buena Vein, where IMPACT has been mining silver since 2010. Drilling in 2008 on the Carlos Pacheco South Zone intersected high grade mineralization, including 19.6 g/t gold and 0.29% copper across 2.9 meters (true width) (see IMPACT News Release dated December 4, 2008 for details) and outlined the first gold-copper zone on the vein. The drill returned to the area in 2013 to test the San Juan area on the northern extension of the 2008 drill area. Results from this drilling include 17.1 g/t gold over 1.89 meters (true width) and 3.4 g/t gold and 0.53% copper over 7.2 meters (true width) (see IMPACT news releases dated October 30, 2013 and January 7, 2014 for details). Additional drill results are pending. This recent drilling has begun to outline a larger zone of gold-copper mineralization at San Juan, which remains open for further expansion (see drill section at www.IMPACTSilver.com for details). Additional drilling is planned.
The IMPACT mining team has recently completed a 170-meter underground crosscut access from the Noche Buena Silver Mine to the Carlos Pacheco South Gold-Copper Zone and has begun to mine and stockpile gold-copper mineral for processing in the Capire plant, once renovations are completed. Construction of mine access into the larger San Juan Gold-Copper Zone further north has also begun and should reach the zone later this year. Mining and trucking of silver mineral from the nearby Noche Buena Vein System to the Guadalupe Silver Production Centre continues while these new mine headings at Carlos Pacheco/San Juan are developed.
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 content of this news release.
Additional information including a map showing the locations of places named in this news release can be found on the Company website at www.IMPACTSilver.com.
On behalf of IMPACT Silver Corp.
Frederick W. Davidson, President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is 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, without limitations, 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.
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet and...
Jan. 21, 2017 01:30 AM EST Reads: 6,556
"Tintri was started in 2008 with the express purpose of building a storage appliance that is ideal for virtualized environments. We support a lot of different hypervisor platforms from VMware to OpenStack to Hyper-V," explained Dan Florea, Director of Product Management at Tintri, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jan. 21, 2017 01:15 AM EST Reads: 4,830
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
Jan. 21, 2017 01:15 AM EST Reads: 5,034
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Jan. 21, 2017 01:15 AM EST Reads: 2,879
The speed of software changes in growing and large scale rapid-paced DevOps environments presents a challenge for continuous testing. Many organizations struggle to get this right. Practices that work for small scale continuous testing may not be sufficient as the requirements grow. In his session at DevOps Summit, Marc Hornbeek, Sr. Solutions Architect of DevOps continuous test solutions at Spirent Communications, explained the best practices of continuous testing at high scale, which is rele...
Jan. 21, 2017 12:30 AM EST Reads: 4,524
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Jan. 21, 2017 12:15 AM EST Reads: 6,372
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of D...
Jan. 21, 2017 12:00 AM EST Reads: 5,097
In his General Session at 16th Cloud Expo, David Shacochis, host of The Hybrid IT Files podcast and Vice President at CenturyLink, investigated three key trends of the “gigabit economy" though the story of a Fortune 500 communications company in transformation. Narrating how multi-modal hybrid IT, service automation, and agile delivery all intersect, he will cover the role of storytelling and empathy in achieving strategic alignment between the enterprise and its information technology.
Jan. 21, 2017 12:00 AM EST Reads: 4,694
IoT is at the core or many Digital Transformation initiatives with the goal of re-inventing a company's business model. We all agree that collecting relevant IoT data will result in massive amounts of data needing to be stored. However, with the rapid development of IoT devices and ongoing business model transformation, we are not able to predict the volume and growth of IoT data. And with the lack of IoT history, traditional methods of IT and infrastructure planning based on the past do not app...
Jan. 20, 2017 10:45 PM EST Reads: 900
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus o...
Jan. 20, 2017 08:45 PM EST Reads: 4,376
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jan. 20, 2017 06:30 PM EST Reads: 5,462
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
Jan. 20, 2017 05:45 PM EST Reads: 2,099
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Jan. 20, 2017 05:30 PM EST Reads: 1,479
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Jan. 20, 2017 05:15 PM EST Reads: 3,816
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
Jan. 20, 2017 05:15 PM EST Reads: 3,541