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.

Contacts:
IMPACT Silver Corp.
Meghan Brush, BBA
Manager, Investor Relations
(604) 681 0172
(604) 681 6813 (FAX)
[email protected]
www.IMPACTSilver.com

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
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo Silicon Valley which will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. "DevOps is at the intersection of technology and business-optimizing tools, organizations and processes to bring measurable improvements in productivity and profitability," said Aruna Ravichandran, vice president, DevOps product and solutions marketing...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous a...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, will lead you through the exciting evolution of the cloud. He'll look at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering ...
SYS-CON Events announced today that N3N will exhibit at SYS-CON's @ThingsExpo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. N3N’s solutions increase the effectiveness of operations and control centers, increase the value of IoT investments, and facilitate real-time operational decision making. N3N enables operations teams with a four dimensional digital “big board” that consolidates real-time live video feeds alongside IoT sensor data a...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
SYS-CON Events announced today that Avere Systems, a leading provider of enterprise storage for the hybrid cloud, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Avere delivers a more modern architectural approach to storage that doesn't require the overprovisioning of storage capacity to achieve performance, overspending on expensive storage media for inactive data or the overbui...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
We all know that end users experience the Internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices – not doing so will be a path to eventual b...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
The dynamic nature of the cloud means that change is a constant when it comes to modern cloud-based infrastructure. Delivering modern applications to end users, therefore, is a constantly shifting challenge. Delivery automation helps IT Ops teams ensure that apps are providing an optimal end user experience over hybrid-cloud and multi-cloud environments, no matter what the current state of the infrastructure is. To employ a delivery automation strategy that reflects your business rules, making r...
Digital transformation is changing the face of business. The IDC predicts that enterprises will commit to a massive new scale of digital transformation, to stake out leadership positions in the "digital transformation economy." Accordingly, attendees at the upcoming Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA, Oct 31-Nov 2, will find fresh new content in a new track called Enterprise Cloud & Digital Transformation.
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, will discuss how given the magnitude of today's applicati...