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 > Potential investor

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Comment by uudamannon Jan 20, 2021 4:40pm

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Post# 32337044

RE:Potential investor

There has been 5:1 reverse split (1998). There has been no production at this 140 yr old Revenue silver mine for 120 years. If the grades are so great as claimed then why not? Silver rode high 1975-85 and millions at that time were invested in exploratory drilling of the Revenue-Virginius silver mine. But everyone walked away. Of added concern is that the major shareholder may have an undisputed claim to approximately 50/60 million USD of initial mine net revenues to repay stranded debt.

Narrow vein mine with variable mineralization and vein continuity. Too good to be true?

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