Aurcana Appoints David Drips General Manager and Provides Updated Status for the Shafter Mine
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 4, 2013) - Aurcana Corporation ("Aurcana" or the "Company") (TSX VENTURE:AUN)(AUNFF) is pleased to report the appointment of Mr. David Drips as General Manager for the Shafter Mine.
Mr. Drips, a graduate mining engineer from the Colorado School of Mines, brings over 35 years of experience in the mining industry in both surface and underground precious metal mines in North, Central and South America. He has held several senior mine management positions bringing needed change and improvements in safety and operational effectiveness.
Mr. Drips' professional experience includes: Vice President Operations for Yukon-Nevada Gold Corp.; General Manager for Breakwater Resources Ltd.'s El Mochito Mine in Honduras; Vice President of Mexico Operations for Endeavor Silver Corp.; Director General of Plata Panamericana for Pan American Silver Corp.; Director General of Minera Cosala for Scorpio Mining Corporation; Manager of Surface Operations for American Mine Services; General Manager Jullietta Mine in Far Eastern Russia for Bema Gold Corporation; General Manager of La Camorra Mine in Venezuela for Hecla Mining Company; and founder/president of Intermountain Mine Services & Mineral Resources Engineering, which specialized in coal and hard rock underground mine development and construction.
Prior to joining Aurcana, Mr. Drips was Vice President and General Manager of the Velardeña operations for Golden Minerals Company.
"Mr Drips brings significant technical and management expertise to our Shafter operation, and Aurcana is especially pleased to have someone of Mr Drips' calibre join the Company", says Lenic Rodriguez, Aurcana's President and CEO.
The Company also wishes to provide an update on the latest status of the Shafter Mine.
In the course of the next 90 days the Shafter Mine will continue to implement a number of improvements to its mill and processing plant, while key replacement components are received and installed. These include the replacement of the mill's bull and pinion gears. The Company is now focusing all its efforts and resources in completing the necessary changes.
Shafter Mine Status
• Operation of the Shafter Mine's mill has been suspended pending replacement of the bull and pinion gear set. The replacement parts are on order and are due to arrive on site in late Q4 2013. A new ball mill motor has also been ordered and is expected to arrive on site before the end of 2013 while the old motor is being reconditioned for use as a spare.
• Decline development and underground diamond drilling continue with supplemental drilling resources being retained in early November 2013 to better define mining targets.
• Construction and modifications to the plant to ensure sustained nameplate production throughput of 1,500tpd by mid-year 2014 are continuing. Concurrently, maintenance work is being performed on the existing plant to reduce downtime in the coming months.
• A new custom built retort, furnaces and associated dust collection systems are expected to be installed and operational before the end of 2013.
• Three new precipitate filter presses have already been installed in the refinery and will be commissioned as soon as the ball mill is restarted.
• Construction for the counter current decantation (CCD) circuit and new primary thickener has started. It is anticipated these units will be fully operational during Q2 2014.
• Non-essential staff have been temporarily suspended until milling and mining operations resume. Shafter continues focused searches for technically competent personnel to complement the existing staff.
About Aurcana Corporation
Aurcana Corporation is a primary silver producing company with two mines: the La Negra Mine in Mexico and the Shafter Mine in Texas, US. The Company is positioned to grow organically from its existing mines to become a senior silver producer.
Corporate
The Company's shares are also traded in the United States on OTCQX under the symbol "AUNFD". Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.
Lenic Rodriguez, President & CEO
AURCANA CORPORATION
Mr Andrew Kaczmarek a qualified person (as defined in National Instrument 43-101) and the Company's Chief Operating Officer, has reviewed and approved the scientific and technical information contained in this release.
Contact:
Lenic Rodriguez, President & CEO
Catalin Chiloflischi, Corporate Communications Director
(604) 331-9333
Toll Free: (866) 532-9333
(604) 633-9179
ir@aurcana.com
http://www.aurcana.com
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