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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Comment by zzthnxon Jul 05, 2009 6:34pm

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Post# 16118123

RE: RE: RE: The agreement was reached

"looks like Silver Wheaton will see how the permitting process goes before entering into a deal. "

The PFS may have been the main holdup. Until that was completed, neither AUN or SLW knew with certainty what the start-up costs for Shafter would be. After mattbigham's post I read the news release about the deal that SLW did with Alexco and their mine seems like a very close comparison to what AUN has in Shafter. Part of the SLW/Alexco deal had provisions for releasing money at certain intervals based on successfully completing the permitting process. With the Shafter PFS now out, I think we could see a deal pretty soon.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?