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.

TSXV:AUN.H - Post by User

Aurcana Silver Corp > weak

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Comment by demauleon Jul 08, 2020 5:53pm

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Post# 31242098

RE:weak

I'm putting the delay in financing down to covid-19. As noted in the recent presentation it is difficult to get potential investors to the site for due dilligence...even the ceo can't get there. I doubt much will happen until pandemic restrictions are eased. Meanwhile, if there are 40+ people on site the burn rate must be enormous...never mind financing for production, I'm worried about just keeping the doors open. The virus is currently surging in Colorado so I would expect the current situation to last for another couple of months and after that if the price of silver holds up this thing will get funded in the blink of an eye.

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