TSXV:AUN.H - Post by User
Post by
zzthnxon Jan 18, 2008 7:27pm
308 Views
Post# 14228230
News release highlights
News release highlightsI tried to paste the whole release, but I kept getting a security error that would not allow me to...
Aurcana Corporation: Mineable Reserves at Alacran Deposit Increase by 98 Per Cent, Work Underway on Resource Estimates for 7 Other Deposits
Friday January 18, 6:35 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 18, 2008) - Aurcana Corporation ("Aurcana" or the "Company") (TSX VENTURE:AUN - News) is pleased to report that it has received a positive NI 43-101 compliant reserve calculation on the Alacran deposit of the La Negra mine, Queretaro State, Mexico from its independent consultants, Wardrop Engineering Inc. (Wardrop). A copy of the Wardrop report will be filed at www.SEDAR.com within 45 days. Aurcana is very encouraged by the tonnage increase which is a result of the present favourable metal price environment. Other known deposits at La Negra are expected to show similar increases in tonnage.
Highlights of the 43-101 Report
- 434,825 tonnes of mineable reserves, a 98% increase from historically reported reserves
- 36,900 tonnes of mined ore stored in stockpiles ready for processing
- 181,239 tonnes of inferred resources in addition to the reserves, not reported historically