VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec 6, 2012) - Aurcana Corporation (TSX VENTURE:AUN)(AUNFF) ("Aurcana" or the "Company") is pleased to announce senior management appointments.
Mr. Lenic Rodriguez, President & CEO of Aurcana Corporation, states: "I am very pleased to announce new senior management appointments that provide Aurcana with considerable mine development and operational experience as well as strengthen our management team. Their combined skills and experience will help Aurcana meet our growing needs as we work to become a senior silver producer."
Senior Management Appointments
Dr. Sadek El Alfy has been appointed as Vice President Operations.
Dr. Sadek El-Alfy is a professional mining Engineer with 35 years of experience in underground as well as open pit mining on various continents. Recently he was responsible for mining operations in Venezuela and Uruguay for Crystallex International Corporation over a period of 12 years. In the past few years, he was also responsible for the completion of Feasibility Studies and Environmental Impact Studies for major mining projects in several South American countries as well as Mexico. Prior to his involvement in South American operations, Dr. El-Alfy was in charge of mining and concentrating operations at several locations in Canada including General Manager of the Iron Ore Company of Canada. Dr. El-Alfy is fluent in English, French and Spanish.
Mr. Ted Apodaca has been appointed as General Manager for Shafter Mine.
Mr. Ted Apodaca has over 30 years of experience in Mining and General Construction that include mine development from start-ups to turn key operation, mine operation, mills construction as well as underground mining techniques and shafts sinking. He operated various mining operations in Brasil, Venezuela, Panama, Indonesia, Bolivia and Honduras. Mr. Apodaca is fluent in English, Spanish and Portuguese.
Ms. Sandy Hunter has been appointed as Corporate Secretary.
Ms. Sandy Hunter has been in the corporate securities industry for over 15 years and has worked with a broad range of issuers both in a corporate secretarial capacity and as an account manager for registrar and transfer agents.
Mr. Catalin Chiloflischi has been promoted to the role of Corporate Communications Director.
Pursuant to the Company''s Stock Option Plan a total of 1,200,000 options to purchase shares at a price of $0.97 have been granted.
About Aurcana Corporation
La Negra Mine current installed capacity is 2,500tpd. In order to allow for an increase in future production, La Negra mine is now working to increase mill capacity to 3,000 tpd by end of Q1, 2013.
La Negra has a NI 43-101 M&I resource of 115.1 mm oz silver, 1,418.7 mm lbs Zn, 539.5 mm lbs Pb and 269.5 mm lbs Cu and an Inferred Resource of 56.5 mm oz silver, 657.4 mm lbs Zn, 263.0 mm lbs Pb and 132.3 mm lbs Cu.
The Shafter Mine mill was commissioned on April 1, 2012 and is expected to commence commercial production in late Q4 2012. The Shafter Silver Mine is scheduled to produce 3.8 million ounces of silver over 12 months when is operating at 1,500tpd capacity.
Shafter has a NI 43-101 M&I Resource of 23.9 mm oz of silver and an Inferred Resource of 22.8 mm oz of silver.
(All National Instrument 43-101 technical reserve reports can be found on SEDAR at:www.sedar.com)
Aurcana continues to focus on its future growth.
Corporate
The Company''s shares are also traded in the United States on OTCQX under the symbol "AUNFF". Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company onwww.otcqx.com and www.otcmarkets.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION
Lenic Rodriguez, President & CEO