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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
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Comment by uudamannon Aug 16, 2020 11:05pm
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Post# 31416036

RE:RE:Visit the worlds highest grade silver mine

RE:RE:Visit the worlds highest grade silver mineThe R-V mine underground mill was built during 2013. Still not commissioned by Aug 2918. Tens of millions have supposedly been invested in the R-V mine during and since 2013. Seven years later, they still need 30 million to go into production. Endless projections, ownership changes and basically no production. If the ore grades Briggs claims are so wonderful why is there no operating mine? Why have the previous owners not been able to exploit these great riches? Briggs was mine manager for Fortune Minerals and Ouray Silver Mines Ltd., prior owners to Aurcana. Briggs claims some of the veins have more than 100 oz of Ag per ton but that might be less than meets the eye since grades in narrow vein mines tend to be variable and discontinuous. Why was this mine not operating between 1974 and 1984 when silver held above $20/oz for the only sustained time period over the last 100 years. Could it be, as Fortune Minerals found out during 2014/2015, the vein mineralization was highly variable, generally suboptimal and discontinuous. Fortune lost a lot of money and learned the hard way. I dont think anything has changed. A lot of wishful thinking. 
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