Aurcana: La Negra Drill Hole Results Confirm High Grade Continuity in the Northeast and Northwest Trends
Vancouver, BC, January 24, 2013 - Aurcana Corporation ("Aurcana" or the "Company") (TSXV: AUN, OTCQX: AUNFF) is pleased to report the results of the La Negra Mine 2012 underground drill program for drill holes that were not associated with the 43-101 Resource Estimate Report released on October 11, 2012.
Drill holes reported in the tables below indicate excellent intersected widths, and continuity of high grades in the Northeast Trend (Breccia Zone,1920 level) as well as the in Northwest Trend (Elia, 2300 level, Virginia, 2280 level). To view a plan of the La Negra ore bodies please visit our website at: http://www.aurcana.com/i/maps/La-Negra-Mine-3D.jpg
Highlights
• Hole Dvir-290 intersected 2.9 meters grading 466 gm/t Ag, 3.11% Pb, 4.25% Zn, 0.77% Cu including 15.1 meters grading 180 gm/t Ag, 1.33% Pb, 2.42% Zn, 0.37% Cu.
• Hole Dvir-292 intersected 28.05 meters grading 128 gm/t Ag, 0.49% Pb, 0.93% Zn, 0.85% Cu.
• Hole Dvir-302 intersected 5.15 meters grading 349 gm/t Ag, 1.75% Pb, 2.15% Zn, 0.71% Cu, and 6.6 meters grading 140 gm/t Ag, 0.89% Pb, 1.74% Zn, 0.17% Cu.
Northwest Trend
Eleven holes tested the continuity of the Virginia Zone below the 2280 level. Drill results indicate silver values range from 93 gm/t Ag to 466 gm/t Ag.
Highlights are:
• Hole Dvir-292: 28.05 meters 128 gm/t Ag, 0.49% Pb, 0.93% Zn, 0.85% Cu. and
• Hole Dvir - 302: two zones, 6.60 m 140 gm/t Ag, 0.89% Pb, 1,74% Zn, 0.17 % Cu and 5,15 m 349 gm/t Ag, 1,75 % Pb, 2.15% Zn, 0.71 % Cu.
Seventeen holes have defined the Elia Zone below the 2300 level. Intersected widths ranged from 1.15m to 15.75 m. and significant silver values range from 92 gm/t Ag to 180 gm/t Ag.
Highlights are:
• Hole Deli- 319: 15.75 meters of 137gm/t Ag, 0.96 % Pb, 4.11 % Zn, 0.34 % Cu and
• Hole 339 -- 9.85 m. grading 111 gm/t Ag, 0,42 % Pb, 0.63 % Zn, 1.35 % Cu.
Northeast Trend
The continuity of the Breccia Zone below the 1920 Level is well supported by the results obtained from eleven holes.
Highlight are:
• Hole Lybx-12: 9.30 m. of 107 gm/t Ag, 0.39 % Pb, 1.47 % Zn, 0.51 % Cu.
• Hole Lybx -14: 15.55 m. grading 108 gm/t Ag, 0.39 % Pb, 2.39 % Zn, 0.62% Cu
La Negra Mine 2012 Drill Hole Results
| Virginia 2280 Level | | Hole ID | From
(m) | To
(m) | Interval
(m) | Ag
gpt | Pb % | Zn % | Cu % | | Dvir-290 | 53.20 | 68.30 | 15.10 | 180 | 1.33 | 2.42 | 0.37 | | | 79.50 | 82.40 | 2.90 | 466 | 3.11 | 4.25 | 0.77 | | Dvir-291 | 85.25 | 88.90 | 3.65 | 117 | 0.63 | 3.27 | 0.12 | | Dvir-292 | 28.95 | 57.00 | 28.05 | 128 | 0.49 | 0.93 | 0.85 | | Dvir-294 | 12.30 | 20.05 | 7.75 | 110 | 1.11 | 1.41 | 0.08 | | Dvir-296 | 53.05 | 56.70 | 3.65 | 93 | 2.26 | 1.67 | 0.12 | | Dvir-297 | 9.15 | 13.50 | 4.35 | 126 | 1.06 | 2.18 | 0.22 | | Dvir-298 | 16.15 | 24.85 | 8.70 | 174 | 0.79 | 1.30 | 0.78 | | Dvir-301 | 6.60 | 10.50 | 3.90 | 105 | 0.86 | 1.93 | 0.31 | | Dvir-302 | 10.10 | 16.70 | 6.60 | 140 | 0.89 | 1.74 | 0.17 | | | 31.15 | 36.30 | 5.15 | 349 | 1.75 | 2.15 | 0.71 | | Dvir-305 | 6.15 | 8.70 | 2.55 | 106 | 0.58 | 0.61 | 0.72 | | Dvir-308 | 3.70 | 6.10 | 2.40 | 110 | 0.72 | 0.39 | 0.18 | | | | | | | | | | | Elia 2300 Level | | Hole ID | From
(m) | To
(m) | Interval
(m) | Ag
gpt | Pb % | Zn % | Cu% | | Deli-316 | 77.30 | 85.30 | 8.00 | 103 | 0.63 | 1.64 | 0.39 | | Deli-317 | 35.75 | 40.20 | 4.45 | 104 | 0.83 | 0.64 | 0.21 | | Deli-319 | 57.70 | 73.45 | 15.75 | 137 | 0.96 | 4.11 | 0.34 | | Deli-320 | 35.30 | 37.95 | 2.65 | 114 | 0.60 | 0.69 | 0.50 | | Deli-322 | 27.65 | 30.05 | 2.40 | 141 | 0.92 | 1.18 | 0.56 | | Deli-323 | 30.65 | 36.90 | 6.25 | 180 | 1.18 | 2.36 | 0.20 | | Deli-324 | 38.30 | 43.20 | 4.90 | 91 | 0.58 | 0.82 | 0.57 | | Deli-325 | 25.00 | 27.80 | 2.80 | 125 | 2.03 | 3.47 | 0.15 | | Deli-326 | 65.70 | 66.85 | 1.15 | 141 | 0.80 | 1.27 | 0.17 | | Deli-329 | 19.15 | 23.85 | 4.70 | 103 | 0.67 | 1.76 | 0.18 | | Deli-335 | 38.80 | 42.10 | 3.30 | 118 | 1.36 | 0.22 | 0.15 | | | 52.50 | 54.30 | 1.80 | 98 | 0.30 | 0.19 | 1.35 | | Deli-336 | 48.90 | 51.20 | 2.30 | 127 | 0.32 | 1.50 | 1.42 | | Deli-338 | 56.78 | 59.95 | 3.20 | 74 | 0.54 | 1.20 | 0.32 | | Deli-339 | 42.65 | 52.50 | 9.85 | 111 | 0.42 | 0.63 | 1.35 | | Deli-340 | 31.90 | 35.50 | 3.60 | 92 | 0.54 | 2.68 | 0.17 | | Deli-344 | 57.15 | 61.70 | 4.55 | 33 | 0.01 | 0.60 | 1.17 | | Deli-345 | 32.95 | 43.40 | 10.45 | 22 | 1.32 | 0.98 | 0.07 | | | | | | | | | | | Breccia 1920 Level | | Hole ID | From
(m) | To
(m) | Interval
(m) | Ag
gpt | Pb % | Zn % | Cu % | | Lybx-09 | 0.00 | 14.15 | 14.15 | 57 | 0.13 | 1.05 | 0.95 | | | 59.00 | 62.50 | 3.50 | 33 | 0.10 | 2.74 | 0.21 | | Lybx-10 | 0.00 | 3.55 | 3.55 | 82 | 0.15 | 2.69 | 1.42 | | | 15.80 | 19.40 | 3.60 | 33 | 0.07 | 3.65 | 0.32 | | | 112.80 | 115.45 | 2.65 | 302 | 1.08 | 3.88 | 1.58 | | | 154.60 | 155.20 | 0.60 | 49 | 0.06 | 7.91 | 0.93 | | Lybx-11 | 0.00 | 5.30 | 5.30 | 57 | 0.09 | 4.63 | 1.07 | | | 22.85 | 25.65 | 2.80 | 72 | 0.12 | 1.12 | 1.29 | | | 70.40 | 82.45 | 12.05 | 61 | 0.09 | 1.28 | 0.83 | | | 123.65 | 126.20 | 2.55 | 25 | 0.02 | 1.94 | 0.48 | | Lybx-12 | 0.00 | 6.05 | 6.05 | 62 | 0.13 | 2.04 | 0.67 | | | 52.95 | 62.25 | 9.30 | 107 | 0.39 | 1.47 | 0.51 | | | 96.40 | 97.50 | 1.10 | 236 | 0.68 | 5.92 | 0.67 | | Lybx-13 | 0.00 | 4.05 | 4.05 | 82 | 0.21 | 2.84 | 0.89 | | | 60.30 | 63.20 | 2.90 | 110 | 0.26 | 0.96 | 0.53 | | | 101.00 | 108.50 | 7.50 | 63 | 0.05 | 1.19 | 0.68 | | Lybx-14 | 0.00 | 4.25 | 4.25 | 44 | 0.06 | 0.17 | 0.71 | | | 27.65 | 43.05 | 15.40 | 43 | 0.08 | 0.53 | 0.80 | | | 85.45 | 101.00 | 15.55 | 108 | 0.39 | 2.39 | 0.62 | | Ibx-24 | 7.25 | 21.00 | 13.75 | 77 | 0.12 | 0.70 | 1.23 | | | 24.70 | 44.25 | 19.55 | 51 | 0.10 | 0.61 | 0.89 | | Ibx-25 | 26.40 | 32.80 | 6.40 | 114 | 0.53 | 2.26 | 0.62 | | Ibx-28 | 103.95 | 105.10 | 1.15 | 139 | 0.04 | 0.82 | 0.66 | | Ibx-30 | 3.00 | 6.70 | 3.70 | 30 | 0.07 | 2.33 | 0.44 | | | 21.75 | 33.60 | 11.85 | 91 | 0.28 | 0.83 | 0.47 | | | 55.00 | 59.85 | 4.85 | 82 | 0.21 | 0.30 | 0.49 | | Ibx-31 | 34.80 | 35.60 | 0.80 | 183 | 0.66 | 2.32 | 0.47 | | | | | | | | | | | Breccia 2000 Level | | Hole ID | From
(m) | To
(m) | Interval
(m) | Ag
gpt | Pb % | Zn % | Cu % | | Isb-32 | 72.45 | 76.20 | 3.75 | 77 | 0.16 | 0.18 | 1.07 | | Isb-34 | 95.90 | 99.75 | 3.85 | 75 | 0.02 | 0.04 | 0.51 | | | | | | | | | | | Maravillas 2115 Level | | Hole ID | From
(m) | To
(m) | Interval
(m) | Ag % | Pb % | Zn% | Cu % | | Imar-54 | 47.25 | 52.40 | 5.15 | 86 | 0.05 | 5.55 | 0.33 | | Imar-55 | 47.40 | 50.80 | 3.40 | 54 | 0.10 | 5.97 | 0.65 |
Quality Assurance - Quality Control
Cut core samples are registered on a chain of custody form and delivered directly to the reception section of the La Negra Mine Laboratory by the geology department on a daily basis.
Standard QA-QC procedures at laboratory include the use of duplicates, standards, and blank samples. A barren sample, a duplicate and a standard sample are routinely inserted for every 30 samples sent to the lab by the geology department. The mine laboratory also follows an internal verification program by inserting a check pulp sample for every 10 samples.
Gold and silver are analyzed by fire assay. Lead, zinc, copper, arsenic, bismuth, and antimony are assayed by Atomic Absorption. A standard sample from a qualified laboratory in Canada is inserted with every 15 samples for quality control. External analytical controls are maintained by sending 20-30 pulp samples per month to ALS Chemex in Vancouver.
The scientific and technical information contained in this news release has been reviewed by Nils von Fersen, P.Geo. Vice President of Exploration of the Company, and a Qualified Person ("QP") as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects).
About Aurcana Corporation
Arcana Corporation is an emerging senior silver producer with two operating mines located in Mexico and Texas, United States.
La Negra Mine, Mexico, current installed capacity is 2,500tpd. In order to allow for an increase in future production, La Negra mine is now working to increase mill capacity to 3,000 tpd by the end of Q1, 2013.
La Negra has a NI 43-101 M&I resource of 115.1 million (mm) oz silver, 1,418.7 mm lbs zinc, 539.5 mm lbs lead and 269.5 mm lbs copper and an Inferred Resource of 56.5 mm oz silver, 657.4 mm lbs zinc, 263.0 mm lbs. lead and 132.3 mm lbs copper.
Commissioning and mill testing of the Shafter Mine in Texas commenced on April 1, 2012 and commencement of commercial production was achieved in December 2012. The Shafter Silver Mine, according to the data from the published feasibility study, is expected to produce 3.8 million ounces of silver over 12 months once ramp up to its 1,500tpd capacity is completed.
Shafter has a NI 43-101 M&I Resource of 23.9 mm oz of silver and an Inferred Resource of 22.8 mm oz of silver. (All National Instrument 43-101 technical reserve reports can be found on SEDAR at: http://www.sedar.com)
Aurcana continues to focus on its future growth. Please visit our website @ http://www.aurcana.com for more information
Corporate
The Company's shares are 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.
ON BEHALF OF THE BOARD OF DIRECTORS OF
AURCANA CORPORATION
"Lenic Rodriguez", President & CEO
For further information contact:
Lenic Rodriguez, President and CEO
Catalin Chiloflischi, Corporate Communications Director
Phone: (604) 331-9333
Toll Free: (866) 532-9333
Fax: (604) 633-9179
Email: ir@aurcana.com
www.aurcana.com
Gary Lindsey
StrataStar Group
720-273-6224
gary@strata-star.com
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