Aurcana Reports: Record Silver Production, Up 54% at La Negra Mine; Update on Ramp-Up Phase at the New Shafter Mine
VANCOUVER, BRITISH COLUMBIA--(Marketwire -07/11/12)- Aurcana Corporation ("Aurcana" or the "Company") ( AUN.V)( AUNFF)( AUNFF) is pleased to report silver production for Q2 2012 of 373,037 ounces compared to 257,508 in Q2 2011, the largest quarter for silver production in Aurcana's history. Silver production for the second quarter of 2012 increased 44.9% compared to Q2, 2011. Silver Equivalent increased 54.0% to 689,275 for Q2 2012, compared to 447,533 in Q2 2011. Year to date silver was up 32.7% to 660,253 in 2012 YTD, compared to 497,783 in 2011 YTD.
Mill feed was 176,591 tonnes in Q2. Fifteen percent (26,640 tonnes) were from NI 43-101 Measured and Indicated Resources and 85% (149,951 tonnes) were from new discoveries or non-compliant resources. La Negra is now applying 43-101 standards in developing new mineralized zones to increase our compliant resources. A new compliant resource estimate will be released by the third quarter.
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