Aurcana Silver Corp V.AUN.H

Metals & Mining Silver

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.

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Aurcana Silver Corp > Restart of RV confirmed, start-up funding finalized

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Comment by uudamannon Dec 13, 2020 8:40pm

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RE:RE:RE:RE:Restart of RV confirmed, start-up funding finalized

Subsequent to April 1984 (Post the Hunt brothers 10 year speculative disaster), silver declined far below $20/oz and had remained there plumbing sub $10/oz pricing for years. There was a brief, acute price spike to near $50/oz between July 2010 and Sept 2014, but that very narrow price spike sat between relatively broad price shoulders just above $20/oz . Recent price levels will not be sustained once world industrial production gains further traction post Covid-19. Silver's price fate will be further sealed by base metals beginning a sharp rise out of a 10 year doldrum. Watch copper, nickel and even iron.

If the Revenue mine begins operating in 2021, the first time in 120 years, they will discover the narrow veins have highly variable silver concentrations and are discontinuous.

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Mid-year review: How has gold been performing?