Check out this excellent Aurcana (AUN.V~AUNFF) video from BTV:
Aurcana Corporation (AUN: TSX.V) - 3/28/2012
The BTV crews travel to Texas to witness the resurgence of the Shafter Mine, which when in production by mid- year, will be the second largest producing pure silver mine in the U.S. http://www.b-tv.com/features/watch-now.html?clip=AurcanaMar12.wmv
and then we have this sweet 'after hours' PR from yesterday:
Aurcana to Commission Plant at Shafter Mine and Completes Mine Expansion at La Negra
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 29, 2012) - Aurcana Corporation ("Aurcana" or the "Company") (TSX VENTURE:AUN.V - News)(OTCQX:AUNFF.PK - News) is pleased to report:
Shafter Mine, Texas
The Shafter silver mine has entered the final phase of construction two months ahead of schedule and under budget with the commissioning of the processing plant expected April 1, 2012. Aurcana anticipates ramp up will take up to 90 days to reach its 1,500 tonnes per day capacity. Power will be supplied initially by generators and power station completion is expected by May 2012.
La Negra Mine, Mexico
The La Negra Mine has successfully completed its second consecutive mine expansion from 1,500 tonnes per day (tpd) to 2,000 tpd capacity on time and on budget for a cost of $4.5M. Production is anticipated to increase from 130,500 tons at 1500 tpd from Q1 2012 to 176,000 tons at 2,000 tpd for Q2 2012.
"We are pleased to be two months ahead of schedule and an estimated $1M below budget at Shafter Mine. With the completion of the expansion at La Negra to 2,000 tpd, Aurcana is on target to become a mid-tier silver producer and anticipates 12 month production of 3.8M oz Ag from Shafter and 1.3M oz Ag (2.3M oz Ag equiv) from La Negra," reported Lenic Rodriguez, President and CEO of Aurcana Corporation.
The reader should be cautioned that the Company has not completed a feasibility study to confirm the projected production capacity for La Negra and there is no certainty the Company's plans will be economically viable.
Corporate
The Company's shares are now also traded in the United States on OTCQX under the symbol "AUNFF". Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.
About Aurcana Corporation:
The Shafter Silver Mine is scheduled to produce 3.8 million ounces of silver in the first full 12 months of operation. It has an NI 43-101 Measured and Indicated Resource of 24.6 million ounces of silver and an Inferred Resource of 22.8 million ounces of silver using a 4.0 ounce per ton cut off. The 99.9% owned La Negra silver-lead-zinc-copper mine produced over 1 million ounces of contained silver in 2011.
The scientific and technical information contained in this news release regarding the Shafter Silver Mine has been reviewed by Ken Collison, P.Eng. Director of the Company, and a Qualified Person ("QP") and scientific and technical information contained in this news release regarding the La Negra Mine has been reviewed by Baltazar Solano, P.Eng. and a QP). as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Project)
ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION
Lenic Rodriguez, President & CEO
http://finance.yahoo.com/news/aurcana-commission-plant-shafter-mine-212300383.html
Dan  |