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Aurcana Silver Corp V.AUN.H

Aurcana Silver Corporation is a Canada-based company, which is engaged in the exploration, development, and operation of natural resource properties. The Company’s development properties are the Revenue-Virginius mine (the Revenue-Virginius mine or Ouray), located in Ouray Colorado and held through the Company’s 100% owned United States subsidiary, Ouray Silver Mines, Inc. (OSMI) and the Shafter silver property (the Shafter Silver Project or Shafter), located in Presidio County, Texas and held Aurcana Silver Corporation. The Revenue-Virginius mine is located in southwestern Colorado about 5.5 miles southwest of the town of Ouray. Access to the mine site is via County Road 361. The Shafter Silver Project, which is 375 miles southeast of El Paso, in Presidio County, southwest Texas, within a historic mining district.


TSXV:AUN.H - Post by User

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Post by M1DASon Nov 12, 2012 8:07pm
629 Views
Post# 20590849

as per usual AUN

as per usual AUN

Q3 results are out on stockwatch FYI

On August 28, 2012 La Negra released a new NI 43-101 compliant resource estimated at 115 million silver ounces Measured & Indicated;

Ore milled was 196,843 tonnes in Q3 2012, of which 57% (112,781 tonnes) was, mined from NI 43-101

Measured & Indicated Resources and 43% (84,062 tonnes) was mined from other mineralized zones.

32% increase in milled tonnes processed for a total of 504,005 milled tonnes during the nine months ended

September 2012, (2011: 380,703 tonnes).

La Negra Mine in Mexico completed its second consecutive mine expansion from 1,500 tonnes per day (tpd) to 2,500 tpd installed capacity, on time and on budget, and started additional production in April 2012 as planned. The mine is now milling at a rate greater than 2,300 tpd.

In order to allow for an increase in future production, La Negra mine is now working to increase mill capacity to 3,000 tpd by the end of Q1, 2013.

The commissioning and testing phase is currently underway at Shafter Mine with a plan to achieve commercial production at the end of Q4 2012.

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