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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.


TSXV:AUN.H - Post by User

Aurcana Silver Corp
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Comment by zzthnxon Oct 31, 2008 11:15pm
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Post# 15560009

RE: What it is!

RE: What it is!AUN has about 3 million in cash and a producing mine, not to mention the fact that Silver Wheaton paid them 25 million about six months ago for half of the La Negra silver production (+ 4.95 an oz.) so that they could buy the Shafter silver mine (47 mil. oz. silver resources) and the fact that Silver Standard owns 15 million AUN shares, I'd say the chances of AUN going under are non-existant.
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