Re: Aurcana Reports 145 g/t Silver and 1.96% Copper Over 23.5 Meters
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Junior Silver Producer
Aurcana owns and operates two high quality producing silver mines located in favourable mining jurisdictions: La Negra mine located in Queretaro State, Mexico and the Shafter silver project located in Presidio County, southwest Texas.
Message: Re: Aurcana Reports 145 g/t Silver and 1.96% Copper Over 23.5 Meters
| MarketwireAurcana CorporationMay 21, 2008 - 08:04:10 AMAurcana Reports 145 g/t Silver and 1.96% Copper Over 23.5 MetersVANCOUVER, BRITISH COLUMBIA--(Marketwire - May 21, 2008) - Aurcana Corporation(TSX VENTURE:AUN) ("Aurcana" or the "Company") is pleased to report theresults of two additional underground diamond drill holes from the Cristo Reyarea. These drill holes along with previously announced drill holes (Newsrelease, April 11, 2008) continue to confirm and expand the presence of highgrade copper - silver mineralization related to the Cristo Rey dyke in theAlacran - Cristo Rey area.Drill Results in Alacran - Cristo Rey area------------------------------------... Drill Hole Interval (m) Silver g/t Lead% Zinc% Copper%------------------------------------... ------------------------------------... LYA - 08 9.45 158 0.35 0.97 2.30------------------------------------... ------------------------------------... LYA - 10 23.50(i) 145 0.39 1.64 1.96------------------------------------... (i) Estimated true thickness is 15.5 meters.This drilling is part of an extensive infill program in the Alacran - CristoRey area that will bring the Historical Resources, shown in the table below,up to 43-101 standards.Historical Resources (non 43-101 compliant)------------------------------------... Deposit Tonnes Silver g/t Lead% Zinc% Copper%------------------------------------... ------------------------------------... All Zones 2,145,600 152 0.93 3.03 1.09------------------------------------... ------------------------------------... (Incl.) Alacran - Cristo Rey 1,245,200 154 0.75 2.77 1.54------------------------------------... The drilling completed to date has provided the guidance necessary for theplacement of an access ramp down to the 1950 level. This is now underway andonce complete a more comprehensive underground channel and drill samplingprogram will be undertaken in this area in preparation for upgrading anotherpart of the historical resources into a 43-101 compliant resource category. Adrill station is also being planned in order to follow the Cristo Rey zonealong strike to the northwest of drill hole LYA - 10. Future drilling willaggressively step out to follow Cristo Rey down below the 1900 level where anhistoric drill hole reported a core length of 7.8 meters with 323 g/t silver,0.51% lead, 2.37% zinc, and 5.79% copper.About Aurcana Corporation:Aurcana Corporation is a Canadian mining company listed on the TSX VentureExchange, symbol AUN. The acquisition of 100% of the Shafter silver mine, inPresidio County, Texas, has transformed Aurcana into an emerging primarysilver producer. Shafter is planned for start up in 2009 with silverproduction of 3.2 million ounces. Additionally, the 80% owned La Negrasilver-lead-zinc-copper mine in Queretaro State, Mexico, operates at 1,000tonnes per day and the 100% owned Rosario silver-lead-zinc-gold mine inSinaloa State, Mexico, is also advancing towards production at a planned rateof 800 tonnes per day. The reader should be cautioned the Company has notcompleted feasibility studies confirming the projected production capacity forLa Negra, Shafter or Rosario and there is no certainty the Company's planswill be economically viable.Aurcana, together with its proven construction and operating team, is 100%committed to restoring and restarting the historical Shafter silver mine atthe earliest opportunity. Additionally, aggressive exploration programs arebeing carried out at the La Negra Mine and the Rosario Mine in order toincrease historical reserves and resources. With success, this could lead tofurther increases in silver production. Aurcana, while committed to advancingits current projects, continues to seek and evaluate additional high quality,producing or near producing silver projects.Ron Nichols, P.Eng. a Director and Vice President of Exploration for Aurcana,and a Qualified Person as defined by National Instrument 43-101, supervisedthe preparation of the technical information in this release.ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATIONKen Booth, PresidentCaution Regarding Forward-Looking Statements - This news release containscertain forward-looking statements, including statements regarding thebusiness and anticipated financial performance of the Company. Thesestatements are subject to a number of risks and uncertainties. Actual resultsmay differ materially from results contemplated by the forward-lookingstatements. Factors that could cause actual results to differ materially fromthose in the forward-looking statements include unsuccessful explorationresults, changes in metal prices, changes in the availability of funding formineral exploration and development, unanticipated changes in key managementpersonnel and general economic conditions. When relying on forward-lookingstatements to make decisions, investors and others should carefully considerthe foregoing factors and other uncertainties and should not place unduereliance on such forward-looking statements. The Company does not undertake toupdate any forward-looking statements, oral or written, made by itself or onits behalf.FOR FURTHER INFORMATION PLEASE CONTACT: Aurcana Corporation Ken Booth President (604) 331-9333 or Toll Free:1-866-532-9333 Aurcana Corporation Jack Barnes Investor Relations (604) 331-9333 or TollFree: 1-866-532-9333 (604) 633-9179 (FAX) Email: jbarnes@aurcana.com Website:www.aurcana.com The TSX Venture Exchange has not reviewed and does not accept responsibilityfor the adequacy and accuracy of this Release. |
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