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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

Bullboard Posts
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
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