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Atacama Pacific Delivers Pre-Feasibility Study for the Cerro Maricunga Oxide Gold Project

TORONTO, ONTARIO -- (Marketwired) -- 08/20/14 -- Atacama Pacific Gold Corporation (TSX VENTURE: ATM) ("Atacama Pacific") is pleased to announce that the Pre-Feasibility Study ("PFS") recently completed on its flagship Cerro Maricunga Oxide Gold Project ("Cerro Maricunga") has demonstrated the technical and economic viability of an 80,000 tonne per day heap leach operation generating attractive financial returns. The Cerro Maricunga property is located 140 kilometres by road northeast the Copiapo, Chile within the Maricunga Mineral Belt. All dollar amounts are in US$.

Highlights from the PFS include:


--  2.96 million recoverable gold ounces over life of mine ("LOM")

--  Average annual production over the first 8 years of 281,000 gold ounces

--  13 year mine life

--  Average LOM cash costs of $683 per ounce

--  Initial capital costs, including contingencies, of $398.9 million

--  Sustaining costs, including contingencies, of $187.6 million

--  Strong total operating cash flows of $1.27 billion at $1,350 per ounce
    gold ("/oz Au")

The PFS calculates an after-tax net present value at a 5% discount rate ("NPV5%") of $409.3 million and internal rate of return ("IRR") of 25.0%. Table 1 summarizes the financial projections for the planned operation on both a pre-tax and after-tax basis at a base case gold price of $1,350 per ounce.


Table 1 - Summary of Project Economics
----------------------------------------------------------------------------
$1,350/oz Au                      Units       Pre-Tax Case   After-Tax Case
----------------------------------------------------------------------------
----------------------------------------------------------------------------
IRR                               %                   28.6%            25.0%
----------------------------------------------------------------------------
NPV5%                             $ M                521.2            409.3
----------------------------------------------------------------------------
Average Annual Revenues           $ M                307.7            307.7
----------------------------------------------------------------------------
Average Annual Cash Flow(i) - 1st $ M
 Five Years                                          117.4            108.7
----------------------------------------------------------------------------
Average Annual Cash Flow(i)       $ M                 96.3             83.4
----------------------------------------------------------------------------
Payback Period                    years                2.8              3.0
----------------------------------------------------------------------------
(i) after sustaining capital costs

Santiago-based consultancies, Alquimia Conceptos S.A. ("Alquimia") and NCL Ingenieria y Construccion SpA. ("NCL"), prepared the PFS in accordance with Canadian National Instrument 43-101 "Standards of Disclosure for Minerals Projects" ("NI 43-101"). The PFS has an effective date of August 20, 2014.

"The completion of the Cerro Maricunga PFS clearly demonstrates the technical and commercial viability of a large scale, conventional open pit mining and oxide heap leach processing facility which will be one of the largest new gold operations in South America," stated Carl Hansen, President and CEO of Atacama Pacific. "The scale of the planned Cerro Maricunga gold production will vault Atacama Pacific into to the realm of mid-tier gold producers with the capacity to operate with significant positive cash margins. With the PFS completed, we will commence work on a Feasibility Study in preparation for permitting and the goal of starting construction in late 2016."

Projected total gold production over the 13-year LOM is 2.96 million ounces at an average operating cash cost of $683/oz Au. All-in sustaining cost of $941/oz Au, including total cash costs of $864/oz Au, have been projected.

Pre-Feasibility Study Parameters

The PFS was completed using the following guiding parameters:


  - LOM                                       13 years
  - LOM Recoverable Gold Ounces               2.96 million ounces
  - Average Annual Production 1st Eight Years 281,000 ounces gold
  - Average Annual LOM Production             228,000 ounces gold
  - Average LOM Strip Ratio                   1.76 : 1 (waste to ore)
  - Designed Processing Capacity              29.2 million tonnes per annum
  - Mining Cut-off Grade                      0.15 grams per tonne gold
  - Metallurgical Recovery                    79.2%
  - Average Mining Cost                       $1.40 per tonne mined
  - Processing costs                          $2.52 per tonne processed
  - General and Administration                $0.54 per tonne processed
  - Gold Price                                $1,350/oz Au

Mining

Gold will be produced from heap leaching 294.4 million tonnes ("Mt") of ore with an average grade of 0.40 grams per tonne gold ("g/t Au"). Ore will be mined at a rate of 80,000 tonne per day and an average LOM strip ratio of 1.76 to 1 (517.4 Mt waste to 294.4 Mt ore) has been calculated. Table 2 presents the planned mining and production schedule. Gold production begins to decline in Year 9 as the mining activities increase in depth in the pit; however, the reduction in mined ore is partially offset by increasing gold grades at depth.

Conventional open pit mining methods have been considered in mining the Cerro Maricunga deposit. The PFS considers utilizing a maximum fleet of seventeen 290-tonne haul trucks (Komatsu 9300E-4SE), four 42-cubic metre hydraulic shovels (Komatsu PC8000), five production drills (Atlas PV 275) along with various ancillary equipment to achieve the maximum annual total ore and waste movement of 94 million tonnes. No additional production fleet equipment is considered during the LOM. The PFS takes into account that the mining fleet will be leased and Atacama Pacific has received a proposed lease agreement.

The preliminary open pit design incorporates 10 metre ("m") high benches with 38 m wide main haul roads at a maximum grade of 10% and overall pit walls angles varying from 45 to 48 degrees. The final pit will be 2500 m long and 1000 m wide. The waste dump is situated immediately adjacent to the pit and is sufficient to handle all planned waste material.


Table 2 - Mining and Production Schedule
----------------------------------------------------------------------------
Year                Ore          Waste   Strip Ratio     Grade    Production

          ('000 tonnes)  ('000 tonnes)   (waste: ore)  (g/t Au)  ('000 oz Au)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
-1                5,652          5,348          0.95      0.44             -
----------------------------------------------------------------------------
1                23,548         26,131          1.11      0.46           285
----------------------------------------------------------------------------
2                29,200         47,163          1.62      0.42           314
----------------------------------------------------------------------------
3                29,200         54,038          1.85      0.41           303
----------------------------------------------------------------------------
4                29,200         54,475          1.87      0.37           275
----------------------------------------------------------------------------
5                29,200         64,949          2.22      0.38           278
----------------------------------------------------------------------------
6                29,200         60,669          2.08      0.36           270
----------------------------------------------------------------------------
7                29,200         55,310          1.89      0.35           257
----------------------------------------------------------------------------
8                29,200         46,328          1.59      0.36           263
----------------------------------------------------------------------------
9                20,025         45,579          2.28      0.35           220
----------------------------------------------------------------------------
10               15,480         31,820          2.06      0.42           165
----------------------------------------------------------------------------
11               12,778         18,614          1.46      0.47           155
----------------------------------------------------------------------------
12                8,374          5,626          0.67      0.55           119
----------------------------------------------------------------------------
13                4,174          1,370          0.33      0.54            58
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Totals          294,431        517,419          1.76      0.40         2,963
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Note: Rounding may result in apparent summation errors.

Processing

Oxide mineralization will be trucked to a primary gyratory crusher facility (METSO MK II 62" x 75"), located immediately west of the pit boundary where it will be crushed to 165 millimetres ("mm"). The primary crushed material will then be conveyed approximately 2.9 kilometres ("km") to feed two secondary cone crushers (METSO MP 1000) and three tertiary cone crushers (METSO MP 800). The final crushed product, measuring (P80) 19 mm, will be conveyed 2.4 km to the heap leach pads.

Crushed material will be stacked on the heap leach pad by a radial stacker in 50 by 50 m modules in layers 10 m thick. The final leach pad height will be approximately 100 m. A pad irrigation rate of 10 liters/hour/metre2 has been considered. NaCN and lime consumption are expected to be 0.23 kilograms per tonne ("kg/t") and 2.7 kg/t respectively. The cost of consumables was established from recent quotes provided by Chilean-based suppliers. The pregnant leaching solution containing gold will be pumped to a conventional carbon adsorption facility (ADR plant) where gold from process solutions is recovered to a final gold dore product.

Average gold recoveries of 79.2% have been used in the PFS based on 34 column tests and over 100 bottle roll tests completed on ore from the Cerro Maricunga deposit. The majority of the column tests have been completed on ore crushed to 19 mm; however, 78% to 80% gold recoveries have been achieved on material crushed to 50 mm (2 inches) and 77% recoveries were achieved on 100 mm crushed material.

Ball mill work indices varying from 9.77 to 11.26 kilowatt hours per tonne have been obtained from ore from Cerro Maricunga classifying the material as relatively soft. Bond Abrasion indices averaging 0.095 suggest the ore has low abrasive characteristics.

Further metallurgical testing will focus on ore crushed to 50 mm, which represents the projected product size from a secondary crusher. See "Project Opportunities and Risks" section.

Capital Requirements

The PFS projects initial capital expenditures for the development of an open pit mining and conventional heap leach processing operation at Cerro Maricunga of $398.9 million which includes contingencies of $46.5 million and engineering, procurement, and construction management ("Owner") costs of $12.7 million. A breakdown of these costs is provided in Table 3.


Table 3 - Summary of Initial Capital Expenditures(1)
----------------------------------------------------------------------------
Item                                                              $ millions
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Mine
----------------------------------------------------------------------------
                                  Pre-stripping                         15.3
----------------------------------------------------------------------------
                        1st Fleet Lease Payment                          7.5
----------------------------------------------------------------------------
                                 Mining Support                         19.6
----------------------------------------------------------------------------
Process Plant
----------------------------------------------------------------------------
                          Crushing & Stockpiles                        143.4
----------------------------------------------------------------------------
                                     Leach Pads                         83.7
----------------------------------------------------------------------------
                              ADR & EW/Smelting                         23.3
----------------------------------------------------------------------------
                                     First Fill                          2.0
----------------------------------------------------------------------------
Infrastructure
----------------------------------------------------------------------------
                             Support Facilities                         34.9
----------------------------------------------------------------------------
                                          Roads                         10.1
----------------------------------------------------------------------------
                                          Owner                         12.7
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Capital Costs (without contingencies)                                  352.5
----------------------------------------------------------------------------
Contingencies(2)                                                        46.5
----------------------------------------------------------------------------
Total Initial Capital(3)                                               398.9
----------------------------------------------------------------------------
----------------------------------------------------------------------------
(1) The PFS has been completed to a level of accuracy of +20% to -5%.
(2) Contingencies are 15% of capital costs excluding "Mine" costs.
(3) Rounding may result in apparent summation errors.

Sustaining capital requirements during the LOM, including mine, annual heap leach pad expansions, and closure costs, total $187.6 million including $23.0 million in contingencies.

The costs for the major mining equipment are based on recent quotes obtained by NCL and are priced at constant second quarter 2014 prices. Equipment costs include delivery to the site and assembly.

Leasing

Quotes have been received for the lease of the mining fleet, truck maintenance shop, the construction and operation of a water pipeline and the electrical supply infrastructure.

Komatsu has provided a letter of intent for a $234.4 million lease to own arrangement for the major mining fleet equipment. The quote is for a lease period of 5 years for the drilling/loading/hauling fleet with a final payment in following year for the purchase of the fleet. The auxiliary equipment lease is for a period of 3 years with a payment in the fourth year for final purchase.

The construction of a truck maintenance shop will be undertaken by ARRIGONI under a $28.4 million leaseback over a period of 13 years.

Atacama Pacific has been provided a letter of intent from ELECNOR, a multinational engineering and construction firm, for the construction and operation of the water supply infrastructure from Copiapo to Cerro Maricunga. The annual cost of the lease is $17.5 million for the first 8 years and declines to $10 million in year 13, reflecting lower ore throughput. The same firm has offered to construct and operate the electrical distribution system at a price of $5 million per year.

Unitary leasing costs are as follows:


  - Mining Fleet and Truck Maintenance Shop       $0.32 per tonne mined
  - Water and Power Infrastructure                $0.91 per tonne processed

Taxes

The Chilean tax rate used in the PFS is 20%. In addition, included in the economic analysis is the variable Chilean specific mining tax levied on operational income.

Mineral Resources and Reserves

The Cerro Maricunga global resource estimate is presented in Table 4. The global resource estimate was used for the estimation of the pit constrained oxide-associated gold resource reported in Atacama Pacific's January 28, 2014 press release and was used to establish the mineral reserves used in the PFS.

The Cerro Maricunga proven and probable mineral reserve estimate, summarized in Table 5, lies within an optimized open pit shell generated using economic and technical input parameters established in the PFS.

The mineral reserve represents a diluted ore tonnage. No inferred category mineral resources were used in the preparation of the mineral reserves.

The Cerro Maricunga resource estimate and reserve calculation were prepared under guidelines established by the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM"), CIM Standards on Mineral Resources and Reserves - Definitions and Guidelines (2014).


Table 4 - Global Resource Estimate
--------------------------------------------------------------------
                         Measured                  Indicated
--------------------------------------------------------------------
Zone                   Tonnes        Grade       Tonnes        Grade
                   (millions)     (g/t Au)   (millions)     (g/t Au)
--------------------------------------------------------------------
--------------------------------------------------------------------
Lynx                     20.1         0.46         82.8         0.40
--------------------------------------------------------------------
Crux                     92.0         0.35        119.1         0.32
--------------------------------------------------------------------
Phoenix                  40.7         0.46         79.1         0.42
--------------------------------------------------------------------
Totals                  152.8         0.39        281.0         0.37
--------------------------------------------------------------------
--------------------------------------------------------------------
Notes to Accompany Mineral Resource Table:
1. Mineral resources are reported as global unconstrained resources
 at a 0.15 g/t Au cut-off grade.
2. Mineral resources are not confined within a pit using mining
 parametres.
3. Rounding may result in apparent summation differences between
 tonnes, grade and contained gold ounces.
4. Tonnage and grade measurements are in metric units. Contained
 gold ounces are reported as troy ounces.

Table 4 - Global Resource Estimate
----------------------------------------------------------------------------
                    Measured and Indicated               Inferred
----------------------------------------------------------------------------
                                          Gold                          Gold
Zone                Tonnes     Grade    Ounces    Tonnes     Grade    Ounces
                (millions)  (g/t Au)   (000's)(millions)  (g/t Au)   (000's)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Lynx                 102.9      0.41     1,344       7.0      0.37        84
----------------------------------------------------------------------------
Crux                 211.1      0.33     2,227      28.1      0.30       266
----------------------------------------------------------------------------
Phoenix              119.8      0.44     1,678      22.8      0.34       253
----------------------------------------------------------------------------
Totals               433.8      0.38     5,249      57.9      0.32       603
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Notes to Accompany Mineral Resource Table:
1. Mineral resources are reported as global unconstrained resources at a
 0.15 g/t Au cut-off grade.
2. Mineral resources are not confined within a pit using mining parametres.
3. Rounding may result in apparent summation differences between tonnes,
 grade and contained gold ounces.
4. Tonnage and grade measurements are in metric units. Contained gold ounces
 are reported as troy ounces.

Table 5 - Mineral Reserve Estimate
----------------------------------------------------------------------------
0.15 g/t Au Cut-off Grade               Tonnes          Grade    Gold Ounces
                               ---------------------------------------------
                                    (millions)       (g/t Au)        (000's)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Proven                                   126.9           0.39          1,603
----------------------------------------------------------------------------
Probable                                 167.6           0.40          2,140
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Total Proven and Probable                294.4           0.40          3,743
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Notes to Accompany Mineral Reserves Table:
1. Mineral reserves are reported as constrained within measured and
 indicated pit design and supported by a mine plan featuring a constant
 throughput rate. The pit design and mine plan were optimized using the
 following economic and technical parameters: gold price of $1300/oz Au;
 recovery to dore assumptions 79.5% for gold; $10.0/oz of Au refining
 charges; ore and waste average mining cost of $1.45/t, and process and G+A
 costs of $3.09/t processed; average pit slope angles that range from 40
 degrees to 48 degrees; an assumption of 100% mining recovery and 3% of
 mining dilution.
2. Mineral reserves are contained within the existing mineral resources.
3. Rounding may result in apparent summation differences between tonnes,
 grade and contained gold ounces.
4. Tonnage and grade measurements are in metric units. Contained gold ounces
 are reported as troy ounces.

Water

Water for the Cerro Maricunga operation will be supplied from a water treatment facility located in the City of Copiapo and owned by the Chilean water utility Aguas Chanar S.A. ("Aguas Chanar"). Atacama Pacific entered into an agreement with Aguas Chanar, reported on July 10, 2013, for the purchase of 2.5 million cubic metres of water annually, representing a flow rate of 80 litres per second ("l/s"). Water requirements for the 80,000 tonnes per day Cerro Maricunga operation are projected to be in the range of 85 l/s and 90 l/s.

The PFS takes into account that water supply infrastructure from Copiapo to Cerro Maricunga will be constructed and operated under a lease arrangement as previously described. The electrical supply line will follow the same right of way as the water pipeline allowing grid electricity to be used for the operation of the pump stations resulting in significant savings over generator supplied energy.

Sensitivities

Table 6 provides a summary of the impact of changes in the gold price on key economic indicators.


Table 6 - Sensitivity of Economic Indicators
----------------------------------------------------------------------------
                                                    Base Case
Item                     Unit    $1,250/ oz Au  $1,350/ oz Au  $1,450/ oz Au
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Before Tax
----------------------------------------------------------------------------
  NPV 0%                 $ M             556.2          852.4        1,149.7
----------------------------------------------------------------------------
  NPV 5%                 $ M             306.4          521.2          736.0
----------------------------------------------------------------------------
  IRR                    %                19.4           28.6           37.5
----------------------------------------------------------------------------
  Payback Period         years             3.9            2.8            2.2
----------------------------------------------------------------------------
  Average Annual Cash    $ M
   Flow(i)                                73.5           96.3          119.0
----------------------------------------------------------------------------
After Tax
----------------------------------------------------------------------------
  NPV 0%                 $ M             453.4          685.5          912.0
----------------------------------------------------------------------------
  NPV 5%                 $ M             241.5          409.3          574.3
----------------------------------------------------------------------------
  IRR                    %                17.3           25.0           32.4
----------------------------------------------------------------------------
  Payback Period         years             4.1            3.0            2.5
----------------------------------------------------------------------------
  Average Annual Cash    $ M
   Flow(i)                                65.6           83.4          100.8
----------------------------------------------------------------------------
(i) after sustaining capital costs

Project Opportunities and Risks

The PFS has largely defined the operating scope of mining and processing operation at Cerro Maricunga. However, Atacama Pacific has identified increasing the ore crush size as a potential opportunity that will be examined during the feasibility study. Increasing the crush size to 50 mm from the 19 mm would result in a reduction in the capital costs as a result of the elimination of the tertiary crushers. A reduction in operating costs could also be realized as lower rates of NaCN and lime consumption are expected based upon test results.

The key risks typical of all large scale mining projects, including, but not limited to, confidence in mineral resource estimates, metallurgical performance, capital and operating cost increases, commodity price decreases, securing reasonably priced project financing, ability to attract and retain experienced professionals, etc., apply to Cerro Maricunga. With the acquisition of the majority of the necessary water resources for the development of Cerro Maricunga, one of the main development risks has been significantly reduced.

Permitting

Chile has an established and clearly defined and regulated permitting process for development projects. In order to develop a mining and processing operation at the Cerro Maricunga project, an Environmental Impact Study, "Estudio de Impacto Ambiental" ("EIA") must be obtained from the Chilean environmental authority, Servicio de Evaluacion Ambiental ("SEA"). The EIA process takes up to 18 months to complete and takes into consideration all aspects of a proposed development. Once permits of this nature are granted, Atacama Pacific would have a five year period to complete construction of the project.

Atacama Pacific has completed the acquisition of required base line environmental data necessary for the submittal of an EIA. During or upon completion of the Feasibility Study, it is the intention of Atacama Pacific to prepare and submit an EIA application.

Pre-Feasibility Study Basis and Assumptions

This study constitutes a PFS for NI 43-101 purposes with an effective date of August 20, 2014. The PFS has been completed to a level of accuracy of +20% to -5%. No inferred resources have been taken into account in demonstrating the economic viability of the project.

Key assumptions used in the economic analysis in the PFS include the following:


Exchange Rate (CLP/US$)      600
Fuel Price ($/litre)        $0.90
Energy ($/MWh)              $100
Lime ($/kg)                 $178
NaCN ($/kg)                 $2,650
Water ($/cubic metre)       $0.75

About NCL Ingenieria y Construccion SpA.

NCL is a consulting company formed in Santiago, Chile, in 1985. Its main objective is to provide focused advice and solutions for mining companies requiring specialized services mainly in the fields of resource estimation, mine design and planning (for open pit and underground methods), mine equipment selection, optimization of mine unit operations and mining cost estimation.

NCL has successfully completed a wide range of studies and projects within its field of expertise through the different stages in mining project development and has completed conceptual studies to bankable feasibility studies for clients on a global basis. It has also a relevant experience in the area of project assessments and valuations, due diligence and technical audits. The company's office in Santiago employs 36 full time mining engineers and a total permanent staff of 45.

About Alquimia Conceptos S.A.

Alquimia was formed in 2002, in response to a growing industry demand for specialized consultancy in mining-metallurgical processes, which allow optimizing the operations of existing plants, as well as designing and evaluating the feasibility of new projects.

Since inception, Alquimia has carried out over 250 projects in both consulting and engineering studies, with nearly 500,000 man-hours dedicated to major mining projects in Chile with clients including Anglo American, Codelco, Xstrata Copper and Minera Esperanza amongst others.

National Instrument 43-101

Maria Leticia Conca Benito, Mining Engineer, Universidad de Chile, Registered Member of Chilean Mining Commission, CEO and Project Director, Alquimia, is an independent qualified person as defined by NI 43-101, is responsible for the compilation of the information and preparation of the overall PFS and is responsible for the information provided for the metallurgy and process plant design. Ms. Conca has reviewed and approved the information provided in this press release.

Carlos Guzman, a mining engineer, Fellow of the Australasian Institute of Mining and Metallurgy and a registered member of the Chilean Mining Commission, is an independent qualified person as defined NI 43-101. Mr. Guzman is a Principal and Project Director with NCL, Santiago, Chile and is responsible for the mining related sections of the PFS including the generation of the pit shell for constrained resources and the mineral reserve estimate.

Dr. Eduardo Magri, a mining engineer (University of Witwatersrand) and a Fellow of the Southern African Institute of Mining and Metallurgy, is an independent qualified person as defined NI 43-101 and is responsible for the mineral resource estimate.

The Cerro Maricunga resource estimate was prepared under CIM Standards on Mineral Resources and Reserves - Definitions and Guidelines (2014).

Atacama Pacific will file a NI 43-101 compliant Technical Report on the Cerro Maricunga PFS with the applicable Canadian securities regulatory authorities within 45 days of this press release.

FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to, statements with respect to the PFS, including the potential for annual gold production in the first five years of production of 291,000 ounces, total gold production of 2.96 million ounces over a 13 year mine life, life of mine estimated operating cash costs of $683 /oz Au, preliminary initial capital cost estimate of $398.9 million with sustaining capital of $187.6 million, references to pre-tax or after-tax pay-back periods, references to pre-tax and after-tax net present values, references to internal rate of returns, statements related to cash flows, statements regarding potential development opportunities, statements regarding the expectation to increase mineral resources, statements regarding expectations for receipt of permits and environmental approvals, exploration results (including with respect to water resources), the success of exploration activities generally, mine development prospects, and potential future gold production. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "planning", "expects" or "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or "belief", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the results of due diligence activities, changes in economic parameters and assumptions, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; the results of regulatory and permitting processes; future prices of gold; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; labour disputes and other risks of the mining industry; the results of further economic and technical studies, delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in Atacama Pacific's publicly filed documents.

Although Atacama Pacific has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the 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.

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The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges.
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All major researchers estimate there will be tens of billions devices – computers, smartphones, tablets, and sensors – connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be!
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at Internet of @ThingsExpo, Erik Lagerway, Co-founder of Hookflash, will walk through the shifting landscape of traditional telephone and voice services to the modern P2P RTC era of OTT cloud assisted services.
While great strides have been made relative to the video aspects of remote collaboration, audio technology has basically stagnated. Typically all audio is mixed to a single monaural stream and emanates from a single point, such as a speakerphone or a speaker associated with a video monitor. This leads to confusion and lack of understanding among participants especially regarding who is actually speaking. Spatial teleconferencing introduces the concept of acoustic spatial separation between conference participants in three dimensional space. This has been shown to significantly improve comprehension and conference efficiency.
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, will discuss single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example to explain some of these concepts including when to use different storage models.
SYS-CON Events announced today that Gridstore™, the leader in software-defined storage (SDS) purpose-built for Windows Servers and Hyper-V, 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. Gridstore™ is the leader in software-defined storage purpose built for virtualization that is designed to accelerate applications in virtualized environments. Using its patented Server-Side Virtual Controller™ Technology (SVCT) to eliminate the I/O blender effect and accelerate applications Gridstore delivers vmOptimized™ Storage that self-optimizes to each application or VM across both virtual and physical environments. Leveraging a grid architecture, Gridstore delivers the first end-to-end storage QoS to ensure the most important App or VM performance is never compromised. The storage grid, that uses Gridstore’s performance optimized nodes or capacity optimized nodes, starts with as few a...
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace. These technological reforms have not only changed computers and smartphones, but are also changing the data processing model for all information devices. In particular, in the area known as M2M (Machine-To-Machine), there are great expectations that information with a new type of value can be produced using a variety of devices and sensors saving/sharing data via the network and through large-scale cloud-type data processing. This consortium believes that attaching a huge number of devic...
Innodisk is a service-driven provider of industrial embedded flash and DRAM storage products and technologies, with a focus on the enterprise, industrial, aerospace, and defense industries. Innodisk is dedicated to serving their customers and business partners. Quality is vitally important when it comes to industrial embedded flash and DRAM storage products. That’s why Innodisk manufactures all of their products in their own purpose-built memory production facility. In fact, they designed and built their production center to maximize manufacturing efficiency and guarantee the highest quality of our products.
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. Over the summer Gartner released its much anticipated annual Hype Cycle report and the big news is that Internet of Things has now replaced Big Data as the most hyped technology. Indeed, we're hearing more and more about this fascinating new technological paradigm. Every other IT news item seems to be about IoT and its implications on the future of digital business.
Can call centers hang up the phones for good? Intuitive Solutions did. WebRTC enabled this contact center provider to eliminate antiquated telephony and desktop phone infrastructure with a pure web-based solution, allowing them to expand beyond brick-and-mortar confines to a home-based agent model. Download Slide Deck: ▸ Here
BSQUARE is a global leader of embedded software solutions. We enable smart connected systems at the device level and beyond that millions use every day and provide actionable data solutions for the growing Internet of Things (IoT) market. We empower our world-class customers with our products, services and solutions to achieve innovation and success. For more information, visit www.bsquare.com.
With the iCloud scandal seemingly in its past, Apple announced new iPhones, updates to iPad and MacBook as well as news on OSX Yosemite. Although consumers will have to wait to get their hands on some of that new stuff, what they can get is the latest release of iOS 8 that Apple made available for most in-market iPhones and iPads. Originally announced at WWDC (Apple’s annual developers conference) in June, iOS 8 seems to spearhead Apple’s newfound focus upon greater integration of their products into everyday tasks, cross-platform mobility and self-monitoring. Before you update your device, here is a look at some of the new features and things you may want to consider from a mobile security perspective.