Welcome!

News Feed Item

IMPACT Silver Announces Operational Changes at the Capire Production Centre; Will Process Gold and Copper

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.

Forward-Looking Statements

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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Enterprises have forever faced challenges surrounding the sharing of their intellectual property. Emerging cloud adoption has made it more compelling for enterprises to digitize their content, making them available over a wide variety of devices across the Internet. In his session at 19th Cloud Expo, Santosh Ahuja, Director of Architecture at Impiger Technologies, will introduce various mechanisms provided by cloud service providers today to manage and share digital content in a secure manner....
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Ixia (Nasdaq: XXIA) has announced that NoviFlow Inc.has deployed IxNetwork® to validate the company’s designs and accelerate the delivery of its proven, reliable products. Based in Montréal, NoviFlow Inc. supports network carriers, hyperscale data center operators, and enterprises seeking greater network control and flexibility, network scalability, and the capacity to handle extremely large numbers of flows, while maintaining maximum network performance. To meet these requirements, NoviFlow in...
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...