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Gold/Mining/Energy : Aurcana Corporation - AUN.V -- Ignore unavailable to you. Want to Upgrade?

To: RWS who wrote (94)	12/19/2012 8:48:35 PM
From: basserdan	Read Replies (1) \| Respond to of 300

<<<Extraction of gold at Shafter is highly unlikely>>> Maybe so, RWS, but it's been documented that the first Shafter dore bar(s) contained 11% AU which reportedly raised it's value by (IIRC) 7%.... Fwiw, The following excerpt is from the transcript of LRods most recent quarterly earnings conference call Unidentified Analyst Lenic, congratulations on your progress on the Shafter as well as La Negra. If one of the earlier times you had indicated there was a small amount of gold being encountered in the drilling for Shafter, what is your status on that? Are you encountering that. Do you expect that to be a part of the output? Lenic Rodriguez - President & CEO Well, we did encounter within the drilling. It was in our radars and yes it was significant actually the gold that we encountered is some (inaudible) bars, so it was worth more than the silver encountered in the bars. However, we are drilling there and we've not get the report from all the core drilling and we don’t really where this gold is coming from although there are indications, historical indications submitted by mines where small amounts were historically mined but at this point in time, we don’t have any important information on gold production from Shafter. https://www.siliconinvestor.com/nfvda/boards/read_msg.aspx?message_id=81458230&txt2find=gold