Projects
|
|
Shafter
Production
The 100% owned Shafter mine is planned for silver production start up at 3.9 million ounces in each of the first two years. The mine contains an estimated measured and indicated resource of 24,600,000 ounces of silver and an inferred resource of 22,800,000 ounces of silver. Aurcana has fully committed its proven construction and operating team to commence operations at the Shafter mine.
With a relatively low capital cost, the Shafter mine represents a low-risk project. Due to the advanced stage of development at site, the project can be rapidly moved to production. The deposit and contained resources are well identified and quantified. Metallurgical testing indicates that a high recovery is probable.
The Resource
24.6 million oz @ 8.48 oz per ton -- Measured and Indicated
22.8 million oz @ 10.52 oz per ton -- Inferred
The Production
Start up at 3.9 million oz per year for the first two years
Over ten year mine life
Silver doré bars poured on site
The Opportunity
Short term to production
Proven operating team in place
Key infrastructure on site
|
|
