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 wesmileon Feb 16, 2011 9:59am

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Post# 18142294

Any Update on Ground Breaking Ceremony

A Ground Breaking ceremony with a first blast and a number of guests is scheduled for February 16, 2011.
The Shafter Silver Mine is scheduled to start silver production in mid-2012 which is estimated to produce 3.8 million ounces per year at a mining production rate of 1,500 tons per day of ore grading 8 ounces silver per ton. Shafter has a NI 43-101 compliant resource of 24.6 million ounces Measured and Indicated (2,900,000 tons @ 8.48 opt), 22.8 million ounces Inferred (2,167,000 @ 10.52 opt) (using a 4.0 opt cut off). Construction is scheduled to take 18 months.

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