Aurcana Expands Resource Potential at La Negra

Aurcana Corporation (TSX VENTURE:AUN) announced that first quarter underground drilling directed towards extending the boundaries of existing ore-bodies and testing other promising exploration targets at the La Negra Mine has intersected significant mineralization in the La Cruz and Sofia Deposits.

The press release is quoted as saying:

The Shafter Silver Mine is scheduled to start up production within 18 months of securing permits and financing, producing 3.9 million ounces silver in the first year. It has a NI 43-101 measured and indicated resource of 24.6 million ounces of silver (2,900,000 tons at 8.48Ag opt) and an inferred resource of 22.8 million ounces of silver (2,167,000 tons at 10.52 Ag opt) using a 4.0 ounce per ton cut off. The 92% owned La Negra silver-lead-zinc-copper mine is on target to increase production to over 2 million ounces Silver Equivalent annually when expansion to 1,500 t/d, is completed by mid year.

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