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Jun 29, 2009
Jun 03, 2009
May 25, 2009
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Aurcana Corporation is a Canadian junior mining company listed on the TSX Venture Exchange, symbol AUN. The company owns 80% of the La Negra silver-copper-lead-zinc mine and 100% of the Shafter silver mine. The company's current projects have the potential to produce over five million ounces silver per year. The 1,000 tonnes per day La Negra silver-copper-lead-zinc mine is located in Queretaro State, Mexico. Production for 2009 is forecast at 600,000 ounces silver and 5 million pounds copper. Plans for increasing production to 1,500 tonnes per day are underway. The Shafter silver mine is located in Presidio County, Southwest Texas. The project has a 43-101 silver resource of 24.6 million ounces Measured and Indicated, 22.8 million ounces Inferred and a prefeasibility completed. Production year one is forecast at 3.9 million ounces silver recovered. Construction is expected to take 18 months subject to financing and permitting. |
