Aurcana Announces Appointment of New Board Member
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb 12, 2013) - Aurcana Corporation ("Aurcana" or the "Company") (TSX VENTURE:AUN)(AUNFF)(AUNFF) is pleased to announce the appointment of a new board member.
Mr. Lenic Rodriguez, President & CEO of Aurcana Corporation states: "I am very pleased to announce the appointment of Mr. Arthur H. Ditto as a board member of Aurcana. Mr. Ditto''s extensive mine operating experience, having served as President, CEO, and director of a number of major public mining companies, including Kinross Gold Corporation, will strengthen our leadership as we work to become a senior silver producer."
Board of Directors Appointment
Mr. Arthur H. Ditto is a professional mining Engineer with 40 years of experience in management, transactions, and corporate financing in the mining industry. A retired senior mining executive, Mr. Ditto served as President, CEO, and director of a number of major public mining companies including Kinross Gold Corporation, and Katanga Mining Limited.
From 2005 to 2008 he served as President, CEO and Director of Katanga Mining Limited. From 1993 to 2005 he served as a Director of Kinross Gold Corporation and was its President and COO until 2001. Mr. Ditto also served as Vice Chairman during 2002 and 2003. During this time, he was instrumental in the acquisition, restructuring and mine site expansion of Kinross Gold. The Company grew from one operation to as many as 14 units operating in the USA, Canada, Russia, Brazil, Chile and Africa and increased annual gold output from about 30 thousand ounces to about 1.6 million ounces of gold. Mr. Ditto has extensive background and experience in acquisitions, restructuring, as well as expanding business units.
Environmental and Socially Responsible Company Award
Aurcana is also pleased to announce that it was awarded the distinction of being recognized as an Environmental and Socially Responsible Company (ESR) by the Mexican Center for Philanthropy (CEMEFI), for its La Negra Mine operations in Mexico.
This prestigious award recognizes each year a select number of companies for taking the valuable voluntary and public commitments for the implementation of environmental and socially responsible management as well as continuous improvement as part of their culture, business strategy and day to day operations. This award reaffirms Aurcana''s commitment to environmental and social responsibility as an integral part of its corporate strategy.
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 3,000tpd 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: 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
Contact Information:
Aurcana Corporation
Lenic Rodriguez
President and CEO
(604) 331-9333 or Toll Free: (866) 532-9333
Aurcana Corporation
Catalin Chiloflischi
Corporate Communications Director
(604) 331-9333 or Toll Free: (866) 532-9333
(604) 633-9179 (FAX)
ir@aurcana.com
http://www.aurcana.com
StrataStar Group
Gary Lindsey
720-273-6224
gary@strata-star.com
http://finance.yahoo.com/news/aurcana-announces-appointment-board-member-133000920.html
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