|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.
As Platform as a Service (PaaS) matures as a category, developers should have the ability to use the programming language of their choice to build applications and have access to a wide array of services. Bluemix is IBM's open cloud development platform that enables users to easily build cloud-based, creative mobile and web applications without having to spend large amounts of time and resources on configuring infrastructure and multiple software licenses. In this track, you will learn about the...
Oct. 25, 2014 08:00 AM EDT Reads: 1,622
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at Internet of @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, will discuss how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money! Speaker Bio: ...
Oct. 24, 2014 09:30 PM EDT Reads: 1,169
Compute virtualization has been transformational, yet security policy implementation and enforcement has lagged behind in agility and automation. There are a number of key considerations when implementing policy in private and hybrid clouds. In his session at 15th Cloud Expo, Holland Barry, VP of Technology at Catbird, will discuss the impact of this new paradigm and what organizations can do today to safely move to software-defined network and compute architectures, including: How normal ope...
Oct. 24, 2014 07:00 PM EDT Reads: 1,455
Samsung VP Jacopo Lenzi, who headed the company's recent SmartThings acquisition under the auspices of Samsung's Open Innovaction Center (OIC), answered a few questions we had about the deal. This interview was in conjunction with our interview with SmartThings CEO Alex Hawkinson. IoT Journal: SmartThings was developed in an open, standards-agnostic platform, and will now be part of Samsung's Open Innovation Center. Can you elaborate on your commitment to keep the platform open? Jacopo Lenzi: S...
Oct. 23, 2014 11:45 PM EDT Reads: 2,613
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic • Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff hap...
Oct. 23, 2014 07:45 PM EDT Reads: 1,623
SYS-CON Events announced today that SOA Software, an API management leader, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. SOA Software is a leading provider of API Management and SOA Governance products that equip business to deliver APIs and SOA together to drive their company to meet its business strategy quickly and effectively. SOA Software’s technology helps businesses to accel...
Oct. 23, 2014 06:15 PM EDT Reads: 1,654
SYS-CON Events announced today that Utimaco will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Utimaco is a leading manufacturer of hardware based security solutions that provide the root of trust to keep cryptographic keys safe, secure critical digital infrastructures and protect high value data assets. Only Utimaco delivers a general-purpose hardware security module (HSM) as a customiz...
Oct. 23, 2014 05:45 PM EDT Reads: 1,570
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
Oct. 22, 2014 09:00 PM EDT Reads: 1,493
SYS-CON Events announced today that ElasticBox is holding a Hackathon at DevOps Summit, November 6 from 12 pm -4 pm at the Santa Clara Convention Center in Santa Clara, CA. You can enter as an individual or team of up to 10 developers. A New Star Is Born Every Month! All completed ElasticBoxes will then be sent to a judging panel - 12 winners will be featured on the ElasticBox website in 2015. All entrants will receive five full enterprise licenses for one year + ElasticBox headphones + Elasti...
Oct. 22, 2014 01:00 PM EDT Reads: 1,540
Once the decision has been made to move part or all of a workload to the cloud, a methodology for selecting that workload needs to be established. How do you move to the cloud? What does the discovery, assessment and planning look like? What workloads make sense? Which cloud model makes sense for each workload? What are the considerations for how to select the right cloud model? And how does that fit in with the overall IT tranformation? In his session at 15th Cloud Expo, John Hatem, head of V...
Oct. 22, 2014 12:00 PM EDT Reads: 1,563
Cloud services are the newest tool in the arsenal of IT products in the market today. These cloud services integrate process and tools. In order to use these products effectively, organizations must have a good understanding of themselves and their business requirements. In his session at 15th Cloud Expo, Brian Lewis, Principal Architect at Verizon Cloud, will outline key areas of organizational focus, and how to formalize an actionable plan when migrating applications and internal services to...
Oct. 22, 2014 11:45 AM EDT Reads: 1,593
SAP is delivering break-through innovation combined with fantastic user experience powered by the market-leading in-memory technology, SAP HANA. In his General Session at 15th Cloud Expo, Thorsten Leiduck, VP ISVs & Digital Commerce, SAP, will discuss how SAP and partners provide cloud and hybrid cloud solutions as well as real-time Big Data offerings that help companies of all sizes and industries run better. SAP launched an application challenge to award the most innovative SAP HANA and SAP ...
Oct. 22, 2014 07:00 AM EDT Reads: 1,683
Ixia develops amazing products so its customers can connect the world. Ixia helps its customers provide an always-on user experience through fast, secure delivery of dynamic connected technologies and services. Through actionable insights that accelerate and secure application and service delivery, Ixia's customers benefit from faster time to market, optimized application performance and higher-quality deployments.
Oct. 21, 2014 09:00 PM EDT Reads: 1,521
SYS-CON Events announced today that Calm.io has been named “Bronze Sponsor” of DevOps Summit Silicon Valley, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Calm.io is a cloud orchestration platform for AWS, vCenter, OpenStack, or bare metal, that runs your CL tools puppet, Chef, shell, git, Jenkins, nagios, and will soon support New Relic and Docker. It can run hosted, or on premise and provides VM automation / expiry, self-service portals,...
Oct. 21, 2014 08:45 PM EDT Reads: 1,472
In her General Session at 15th Cloud Expo, Anne Plese, Senior Consultant, Cloud Product Marketing, at Verizon Enterprise, will focus on finding the right mix of renting vs. buying Oracle capacity to scale to meet business demands, and offer validated Oracle database TCO models for Oracle development and testing environments. Anne Plese is a marketing and technology enthusiast/realist with over 19+ years in high tech. At Verizon Enterprise, she focuses on driving growth for the Verizon Cloud pla...
Oct. 21, 2014 07:30 PM EDT Reads: 1,566
SYS-CON Events announced today that Aria Systems, the recurring revenue expert, has been named "Bronze Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Aria Systems helps leading businesses connect their customers with the products and services they love. Industry leaders like Pitney Bowes, Experian, AAA NCNU, VMware, HootSuite and many others choose Aria to power their recurring revenue bu...
Oct. 21, 2014 06:00 PM EDT Reads: 1,566
The Internet of Things (IoT) is going to require a new way of thinking and of developing software for speed, security and innovation. This requires IT leaders to balance business as usual while anticipating for the next market and technology trends. Cloud provides the right IT asset portfolio to help today’s IT leaders manage the old and prepare for the new. Today the cloud conversation is evolving from private and public to hybrid. This session will provide use cases and insights to reinforce t...
Oct. 21, 2014 05:15 PM EDT Reads: 1,640
Blue Box has closed a $10 million Series B financing. The round was led by a strategic investor and included participation from prior investors including Voyager Capital and Founders Collective, as well as the Blue Box executive team. This round follows a $4.3 million Series A closed in December of 2012 and led by Voyager Capital. In May of this year, the company announced general availability of its private cloud as a service offering, Blue Box Cloud. Since that release, the company has dem...
Oct. 21, 2014 01:45 PM EDT Reads: 1,627
SYS-CON Events announced today that Verizon has been named "Gold Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Verizon Enterprise Solutions creates global connections that generate growth, drive business innovation and move society forward. With industry-specific solutions and a full range of global wholesale offerings provided over the company's secure mobility, cloud, strategic network...
Oct. 21, 2014 09:30 AM EDT Reads: 1,672
SimpleECM is the only platform to offer a powerful combination of enterprise content management (ECM) services, capture solutions, and third-party business services providing simplified integrations and workflow development for solution providers. SimpleECM is opening the market to businesses of all sizes by reinventing the delivery of ECM services. Our APIs make the development of ECM services simple with the use of familiar technologies for a frictionless integration directly into web applicat...
Oct. 20, 2014 10:00 PM EDT Reads: 1,793