TSXV:AUN.H - Post by User
Post by
MontyHighon May 21, 2008 9:36am
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Post# 15093090
That's A Nice Copper Grade...
That's A Nice Copper Grade...Aurcana Reports 145 g/t Silver and 1.96% Copper Over 23.5 Meters (that's pretty wide)
https://www.marketwire.com/mw/release.do?id=859216
Roughly equivalent to Capstone Mining's very profitable underground copper mine grade of 2.3% copper, but with much better unhedged silver grade.
I see today announcement as being pretty important short term because it means that Aurcana's La Negra can move from being a silver / zinc miner to being a silver /copper miner avoiding the impact of lower zinc and lead prices.
Monty