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Aurcana Silver Corp V.AUN.H

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

Comment by andre171on Jun 01, 2022 12:21pm
178 Views
Post# 34723622

RE:RE:RE:RE:latest news

RE:RE:RE:RE:latest news
deet wrote:
I bought this stock without realizing that financing is an issue. I thought that once they take care of the access troubles (by the end of May, they said), the mine would continue to operate at full capacity. Didn't think they'd lay everone off and shut the mine down completely.

Even if the funding problem were to be resolved shortly, it would still be essential to know what is happening with the progress of work on the elevator1 and the resumption of mining activities. The management had reported a regularized situation for the end of May. What about? The worst would be if the situation remained frozen and without progress due to cash flow problems! How to know more when the management (what remains of it) does not deign to communicate on the subject! Let's hope that a future press release on financing will also contain information on the resumption of operations!
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