| | Published : February 13th, 2014 | Announces Operational Changes at the Capire Production Centre; Will Process Gold and Copper |
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February 12, 2014 IMPACT Silver Announces Operational Changes at the Capire Production Centre; Will Process Gold and Copper
IMPACT Silver Corp. ("IMPACT" or the "Company") 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
For more information, please contact: Meghan Brush, BBA Manager, Investor Relations (604) 681 0172 or inquiries@impactsilver.com
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.
1100-543 Granville Street |
Telephone 604 681-0172 |
Vancouver, BC, Canada V6C 1X8 |
Facsimile 604 681-6813 |
View News Release in PDF Format
Copyright � 2014 Impact Silver Corp. (IPT) All rights reserved. For more information visit our website at http://www.impactsilver.com/ or send email to inquiries@impactsilver.com. |
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Impact Silver Corp
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PRODUCER |
CODE : IPT.V |
ISIN : CA45257A1021 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Impact Silver is a silver producing company based in Canada. Impact Silver produces silver, lead and zinc in Mexico, develops copper, gold, lead, silver and zinc in Mexico, and holds various exploration projects in Mexico. Its main asset in production is ZACUALPAN in Mexico, its main asset in development is CAPIRE in Mexico and its main exploration properties are ZACATECAS (VETA GRANDE), MAMATLA AURORA, OSCAR, SAN SABINO ZACATECAS and HUATECOSCO in Mexico. Impact Silver is listed in Canada and in Germany. Its market capitalisation is CA$ 26.1 millions as of today (US$ 19.0 millions, € 17.8 millions). Its stock quote reached its highest recent level on March 07, 1997 at CA$ 4.25, and its lowest recent point on January 25, 2002 at CA$ 0.01. Impact Silver has 85 570 000 shares outstanding. |
Corporate Presentations of Impact Silver Corp |
In the News and Medias of Impact Silver Corp |
Annual reports of Impact Silver Corp |
Financings of Impact Silver Corp |
Option Grants of Impact Silver Corp |
Nominations of Impact Silver Corp |
Financials of Impact Silver Corp |
Project news of Impact Silver Corp |
3/14/2013 | (Capire)Announces Commissioning of the new Capire Production Centre... |
1/21/2013 | A Banner Year for IMPACT Silver Corp.'s Exploration in 2012 |
7/11/2012 | (Zacualpan)Intersects 8.47g/t Gold and 1.12% Copper across 2.75m on the... |
6/11/2012 | (Capire)Ranked in the 24th Annual PROFIT 200 Canada's Fastest-Growin... |
4/23/2012 | (Oscar)Intersects 1,875 g/t Silver across 1.00 meters and 115 g/t ... |
1/23/2012 | (Huatecosco)2011 Exploration Review and 2012 Outlook |
1/11/2012 | (Capire)Announces Commencement of Construction at the Capire Open Pi... |
10/27/2011 | (Oscar)Intersects Additional High Grade Silver: 1,007g/t Silver acr... |
10/14/2011 | (Huatecosco)Drills 4.1m of 5.2g/t Gold at New Zone at Huatecosco Gold P... |
9/13/2011 | (Zacualpan)Announces Concentrate Shipment Schedule Update |
9/12/2011 | (Zacatecas (veta Grande))Revises Zacatecas Option to Defiance Silver Corp. |
8/25/2011 | (Zacatecas (veta Grande))Options Zacatecas Assets to Defiance Silver Corp. |
8/17/2011 | (Capire)Expands Capire Deposit, Mexico |
7/13/2011 | (Zacualpan)Resumes Operations at Main Processing Plant |
7/9/2011 | (Zacualpan)Announces Fatality At Guadalupe Mill Site |
6/7/2011 | (Gonlondrinas)Receives Final Drill Results From GCC (Golondrinas, Cuchara,... |
6/2/2011 | (Huatecosco)Intersects 6.96g/t Gold across 4.24m at Huatecosco Gold-Silv... |
5/25/2011 | (Capire)Intersects 304g/t Silver And 4.51g/t Gold Across 5.0 Meters ... |
4/13/2011 | (Zacualpan)Announces Record Net Earnings Up 196% In 2010 |
3/13/2011 | (Zacualpan)Announces Arrival Of Second Drill And Expanded Exploration P... |
2/1/2011 | (Capire)Reports Updated Mineral Resources at Capire in Preparation f... |
8/19/2010 | (Zacualpan)Samples 4,800 g/t Silver Over 1.25 Meters and Commences Dril... |
8/10/2010 | (Zacualpan)Acquires Large New Concessions at Zacualpan |
7/27/2010 | (Zacualpan)First Results From 5,000M Drill Program |
5/25/2010 | (Capire)Intersects 2.99m Of 639 G/T Silver, 2.63 G/T Gold, 1.2% Lead... |
3/23/2010 | (Zacatecas (veta Grande))Completes Purchase Of 200-TPD Mill At Zacatecas |
3/17/2010 | (Mamatla Aurora)Intersects 1,139.7 g/t Silver over 1.38 Meters at Aurora 1 |
12/17/2009 | (Zacualpan)Intersects 466 G/T Silver Over 3.2 Meters At Santa Lucia |
10/6/2009 | (Zacualpan)Reports Initial Drill Results From Santa Lucia Silver Veins |
9/24/2009 | (Noche Buena) Positive Production Decision At Noche Buena |
8/11/2009 | (Zacualpan)Compiles Over 1,200 Historical Mine Workings And Successfull... |
7/21/2009 | (Noche Buena)Intersects More Wide Zones Of Silver At Noche Buena |
6/9/2009 | (Zacualpan)Expands Silver Mineralization At Noche Buena |
5/28/2009 | (Zacualpan)Announces Two New Silver Discoveries |
2/25/2009 | (Capire)Intersects 1,016 G/T Silver Over 1.8 Meters At Capire |
1/26/2009 | (Zacualpan)intersects 8.55 meters of 204 g/t silver in first drill hole... |
1/20/2009 | (Mamatla Aurora)Intersects 1,164 g/t Silver over 1.5 meters at Aurora 1 |
12/5/2008 | Discovers High Grade Gold Zone; Drills 19.6 g/t Gold Across ... |
8/12/2008 | (Zacualpan)Drills 11,463g/t (334 oz/ton) Silver Over 0.6M (2ft) At Chiv... |
7/3/2008 | (San Sabino Zacatecas)Announces Sale Of San Sabino Concession In Zacatecas |
6/18/2008 | (Zacualpan)s Production And Samples 657G/T Silver Over 2.85M At The Chi... |
4/29/2008 | (Zacualpan)Announces New Discovery At The Royal Mines Of Zacualpan |
4/24/2008 | (Zacualpan) Extends Strike Length Of Chivo Mine; Drills 12.3 Meters Of ... |
1/29/2008 | (Zacualpan)Announces Acquisition Of Third Mill |
9/19/2007 | (Zacualpan)Announces New Discovery At The Royal Mines Of Zacualpan |
3/29/2007 | Discovers High-Grade Gold Veins On Mamatla |
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Corporate news of Impact Silver Corp |
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