|Thu Apr 26, 2007|
Exploration Commences at La Negra • Significant Widths of Silver-Zinc-Copper Intersected
|Aurcana Corporation ("Aurcana" or the "Company") is pleased to announce the results of underground exploration at the La Negra mine, Queretaro State, Mexico. Aurcana completed a total of seven diamond drill holes in the Alacran area to test known historic drill intersections reported by Penoles S.A. de C.V. A result of this drilling is the discovery of two new zones. The exploration drilling is concentrating on areas adjacent to the Alacran zone where the Company is mining 1000 tonnes per day.|
One zone known by Penoles as Stope 1980 has been significantly extended with four drill holes intersecting the zone. The four intersections result in a length weighted average thickness of 11.82 meters grading 162.5 g/t silver, 2.57% zinc, 1.28% copper and 0.43% lead. The 1980 Zone is a "manto" that follows stratigraphy and dips towards the Alacran area. It is still open in the up dip direction and additional drill holes are planned to outline the full extent of this zone.
The drilling has also intersected what has been interpreted as two new "mantos" that lie stratigraphically below the 1980 Zone. The seven holes are the beginning of an aggressive exploration program at La Negra. The Company is very encouraged by these results and future drill holes will continue to determine the extent of the known and new zones. Results for all of the drill holes are summarized in the following table.
*(While the 1980 zone drill holes were located to intersect the zone at 90 degrees, the true thickness of the zone is likely to be somewhat less than that indicated by the drill intervals.)*
The drilling is being done by an underground drill owned and operated by Minera La Negra, and the assays are from the mine site assay laboratory which is also operated by Minera La Negra personnel. A number of check samples have been sent to Acme Laboratories in Vancouver. In addition, two independent consultants have been commissioned to design a QA/QC program for the mine site lab, and this is currently being implemented.
Ron Nichols, P.Eng. a Director and Vice President of Exploration for Aurcana, and a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this release.
Aurcana is a Canadian junior mining company listed on the TSX Venture Exchange, symbol: AUN. The Company remains focused on the acquisition, development and operation of silver, zinc and copper mines with good infrastructure and ore reserves/resources that require minimal capital and time to re-start.
ON BEHALF OF THE BOARD OF DIRECTORS OF
"Ken Booth", President
For further information, please contact:
Ken Booth, President or
Colin Farr, Investor Relations
Phone: (604) 331-9333
Web site: www.aurcana.com
The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this Release.
You can return to the Top of this page