|Fri Jan 14, 2011|
Aurcana Appoints Dr. Peter Megaw to Technical Advisory Committee
|Aurcana Corporation ("Aurcana" or the "Company") is pleased to announce the appointment of Dr. Peter Megaw to its Technical Advisory Committee. The committee has been established to oversee a major exploration program which will commence shortly on the 100% owned Shafter Silver Mine located in Presidio County, southwest Texas, and to advise on on-going exploration at the La Negra mine in Queretaro State, Mexico. |
Dr. Peter Megaw, PhD, CPG, has over 30 years geological exploration experience in Mexico and is considered an expert on Epithermal Vein Deposits and Carbonate Replacement Deposits (CRDs); a class of deposits that includes Aurcana's flagship Shafter and La Negra properties. He is co-founder of MAG Silver Corp. and is credited with two of its significant discoveries, Juanicipio-Fresnillo, Zacatecas, and Cinco de Mayo, Chihuahua; as well as Excellon Resources' Platosa Mine in Durango.
"The Shafter District is one of the most under-explored CRD systems around and presents excellent opportunities for making significant discoveries," stated Peter Megaw, newly appointed Technical Advisor to Aurcana. "I look forward to helping Aurcana at Shafter, as well as around their La Negra CRD Mine in Mexico, which also has significant room to grow"
Since its inception in 1988, Dr. Megaw has served as the President of International Mineral Development & Exploration, Inc. (IMDEX/Cascabel) and is co-founder of Minera Cascabel S.A. de C.V. Dr. Megaw is the author of numerous scientific publications on Mexican ore deposits, especially CRDs and is a frequent keynote speaker at conferences. Dr. Megaw is a Certified Professional Geologist (CPG 10227) by the American Institute of Professional Geologists and an Arizona Registered Geologist (ARG 21613).
About Aurcana Corporation:
Aurcana is committed to become a mid-tier silver producer. Annualized pure silver production is on schedule to exceed 5 million ounces (6.0 million ounces silver equivalent) by year 2012.
ON BEHALF OF THE BOARD OF DIRECTORS OF
"Lenic Rodriguez", President and C.E.O.
For further information, visit the website at www.aurcana.com or contact:
Jack Barnes, Corporate Relations, Aurcana Corporation
P: (604) 331-9333
TF: (866) 532-9333
F: (604) 633-9179
Caution Regarding Forward-Looking Statements -- This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include unsuccessful exploration results, changes in metal prices, changes in the availability of funding for mineral exploration and development, unanticipated changes in key management personnel and general economic conditions. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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