RE: Recap update"
•Both projects (LN & Shafter) have very significant exploration up-side... Waiting to June 1st to officially release some of the details. (No such details were released on June 1st? Still very likely (imo), however we are still waiting confirmation...)"
Exploration is very important if Shafter is going to 2500 tpd and it has been released some results but not as a pressrelease but in the latest MD&A https://www.aurcana.com/i/pdf/2012Q2MDA.pdf page
Shafter Exploration
During the second quarter surface mapping, rock sampling and diamond drilling at the Shafter Project continued with a focus on the “near mine” environment. Both the historic Presidio and the new Shafter operation are located along a strong structure, the Mina Grande Fault. In other mining camps such a fault will serve as a plumbing system, such that drilling deeper along the fault often results in new discoveries. This is the reasoning behind the current phase of exploration.
Our program thus far has included sampling the trace of the fault at surface and drilling core holes to depth. The surface work has encountered strong hydrothermal alteration and anomalous silver, particularly both north and south of the Presidio mine. Two holes were drilled north of Presidio but did not return favourable results. Additional exploration is required and will continue in the coming months, particularly in the vicinity of an interesting geophysical anomaly detected during a historic Induced Polarization survey.
No doubt they will continue to search for more mineralization since it is needed for expanding the mill.
As a general rule it is very good to read MD&A's and Aurcana is one of the companies that makes it very easy to access being updated on the webpage.