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

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Post by art27on Jan 02, 2009 4:28am

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Post# 15677022

Confused about Shafter starting date

On their front page https://www.aurcana.com/s/Home.asp it says:

The 100% owned Shafter silver mine in Presidio County, Texas isscheduled for start up in fifteen months at production of 3.2 millionounces silver. Shafter has a 43-101 silver resource of 24.6 millionounces Measured and Indicated and 22.8 million ounces Inferred.

and here (november 2008) https://www.aurcana.com/i/pdf/2008_AGM_Power_Point.pdf
it says:

Production
– Anticipated within 24 months
– Start up at 3.2 million ounces per year

So is it 15 months or 24 months ? I am confused. Does it mean if the startup is scheduled in 24 months from nov 2008 it means we can expect production to start nov. 2010 ? Can somebody please clarify this for me ?

Art27

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