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Aurcana Corporation

Aurcana Corporation is a Canadian junior mining company listed on the TSX Venture Exchange, symbol AUN (TSX.V - AUN) (Pink - AUNFF). The company owns 92% of the La Negra mine and 100% of the Shafter silver mine.

The completed development of the company's two current projects has the potential to quadruple currently established silver production to over six million ounces silver equivalent per year.

The recently expanded  La Negra silver-copper-lead-zinc mine is located in Queretaro State, Mexico. 2011 first quarter production figures for the La Negra mine in Mexico confirmed record silver production and La Negra is on track for a record year.

In July 2010, La Negra completed in time and budget a mine and mill expansion from 1000 tonnes per day ("tpd") to 1500 tpd.

La Negra's production increase was successfully supported by a 2010 diamond drilling program of 11,000 metres.

Aurcana has recently completed a lead concentrate circuit that is currently being tested, and will remove lead from the Copper concentrate. The success of the 2010 expansion and current metal prices has prompted engineering work on the design, cost and schedule for a second expansion to over 2000 tpd.

La Negra Mine Production

 

Year

 

2007

2008

2009

2010

2011

 

unit

Year

Year

Year

Year

1st Qrt

Production

 

 

 

 

 

 

Ore mined

(WMT)

122,702

306,384

323,330

477,759

142,000

Ore milled

(MT)

149,578

297,867

300,952

422,603

127,231

Average grades

 

 

 

 

 

 

Silver

(g/t)

66

75

94

76

74

Copper

%

0.76%

0.79%

0.54%

0.47%

0.44%

Zinc

%

1.02%

1.08%

0.99%

1.18%

1.09%

Concentrate

 

 

 

 

 

 

Lead (March 2011)

(DMT)

-

-

-

-

108

Copper

(DMT)

4,100

9,151

9,036

11,655

2,994

Zinc

(DMT)

1,564

3,112

3,449

5,219

1,582

Contained metal

 

 

 

 

 

 

Silver in lead(March 2011)

(tr oz)

-

-

-

-

20,284

Silver in Copper

(tr oz)

228,201

514,853

749,442

838,077

219,991

Copper in Copper

(lbs)

1,891,832

4,136,865

3,432,671

3,686,534

1,028,965

Zinc in zinc

(lbs)

1,512,141

3,320,088

3,225,166

5,136,865

1,473,600



The Shafter silver mine, located in Presidio County, S.W. Texas, has a NI 43-101 silver resource of 24.6 million ounces Measured and Indicated (2,900,000 tons @ 8.48 opt), 22.8 million ounces Inferred (2,167,000 @ 10.52 opt) and a pre-feasibility completed. Production for years one and two is forecast at 3.8 and 4.0 million ounces silver recovered. The Shafter silver mine is currently in the fourth month of an 18 month construction program. The project is on budget and on schedule to go into production in May of 2012.

At the end of the first quarter 2011:

 

  • Earthmoving and site preparation is 60% complete and will be finished by the end of April. Pouring concrete foundations will commence in early May 2011;
  • Mine portal is excavated and ground support installed in preparation for mining commencing in mid April 2011;
  • The first of three sets of new Sandvik underground equipment has been delivered or is in transit;
  • An oversized ball mill has been procured and is currently being removed from its location in Florida and will be delivered to site in June 2011;
  • All key members of the project team are hired and on site;
  • Detailed engineering was started in October 2010 and is well in advance of construction; and
  • Ways of accelerating the project schedule are being investigated.



Share Structure:

Issued and Outstanding 329,965,860
     
Warrants 123,474,563
   
 
16-May-11 195,379 $0.30
16-May-11 2,116,251 $0.35
2-Mar-13 300,000 $0.35
30-Jun-13 4,785,000 $0.40
30-Jun-13 53,640 $0.35
7-Dec-12 12,805,402 $0.41
7-Dec-12 6,402,701 $0.41
7-Dec-12 42,000 $0.41
7-Dec-13 96,774,190 $0.41
 
   
Stock Options 19,637,500
   
 
18-Aug-11 1,000,000 $0.59
22-Mar-12 912,500 $1.50
30-Mar-12 150,000 $1.65
19-Dec-12 100,000 $0.64
15-May-13 150,000 $0.58
09-Sep-13 1,025,000 $0.31
16-Jan-14 350,000 $0.13
13-Aug-14 3,400,000 $0.10
18-Dec-14 1,400,000 $0.29
12-Feb-15 700,000 $0.28
06-Jul-15 350,000 $0.25
14-Jan-16 350,000 $0.61
03-Feb-12 150,000 $0.69
22-Feb-12 250,000 $0.76
22-Feb-16 9,350,000 $0.76
 
     
• $10m / 3% Convertible Debenture 6,622,517
Convertible@ $1.51 - July / 11  
     
Fully Diluted 479,700,440*
 *Fully diluted adds ~ $61.8 million to the treasury  
     


.

CHART FOR AURCANA





Management:

Lenic Rodriguez MA
President, CEO and Director

 
  Mr. Rodriguez is a Mexican businessman residing in Vancouver. He is involved in International Finance and was instrumental from day one on the acquisition and financing of the La Negra mine for Aurcana. He is a Magna Cum Laude Honors Business graduate from one of Mexico's top Universities, Universidad IberoAmericana. Private. Jesuit. He holds a Masters Degree in Science and a BA in Business Administration. He has over 15 years experience in top management with one of Mexico's 10 largest corporations.

 
 
Nils von Fersen PGeo
Vice President, Exploration

 
  Nils von Fersen is a Professional Geologist with over 30 years of expertise in conducting and managing mineral exploration for base and precious metals in Canada, Chile, Mexico and Guatemala for major and junior mining companies. Mr. von Fersen spent 18 years with Kidd Creek Mines and Falconbridge in exploration and project evaluation in western Canada and internationally, including the exploration and feasibility phases of the world class Collahuasi porphyry copper deposit in Chile. Since 1999 Mr. von Fersen has been a consulting geologist with a focus on projects in B.C., Mexico and Central America.

 
 
Salvador Huerta, BA Accounting and Administration
Chief Financial Officer

 
  Mr. Salvador Huerta has over 25 years experience as a CFO for international Companies in Mexico. Extensive knowledge in business, finances, manufacturing, planning, treasury and accounting, International joint ventures, mergers and acquisitions. Fluent in English and Spanish.

 
 
Terese J. Gieselman
Corporate Secretary/Treasurer

 
  Ms. Gieselman has 26 years experience in the resource industry with several companies listed on the TSX,TSX-VE, OTCBB, NASDAQ and AMEX, as chief financial officer, treasurer and corporate secretary. Her experience includes an extensive background in financings, treasury, international corporate structures, financial reporting and compliance for Canada, the US, Mexico, Peru, Chile and Brazil.

 
 
Officers & Directors
 
  Lenic Rodriguez President, CEO and Director
Nils von Fersen Vice President, Exploration
Salvador Huerta Chief Financial Officer
Terese J. Gieselman Corporate Secretary / Treasurer
Adrian Aguirre Director
Paul Matysek Director
Bob Tweedy Director
Ken Collison Director

Technical Advisors:
Jerry Blackwell
Dr. Peter Megaw


 

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#896   Aurcana'a video/slideshow presentation at last month's Denver Gold basserdan 10/05/16 01:11:33 PM
#895   Aurcana's Corporate Presentation for September 2016 (AUN.V ~ basserdan 09/26/16 02:14:21 PM
#894   Aurcana's Corporate Presentation for August 2016 (AUN.V ~ basserdan 09/08/16 10:43:38 AM
#893   How far are they from starting Production? silvereagle123 09/06/16 09:39:18 AM
#892   Aurcana Corporation Announces Preliminary Economic Assessment basserdan 09/05/16 04:59:55 PM
#891   AUNFF bullish 0.46 stocktrademan 09/05/16 04:16:35 PM
#890   They sold their only producing mine, so good ClemsonWins 08/25/16 02:56:53 PM
#889   What is making this thing go up daily? silvereagle123 08/15/16 10:44:29 PM
#888   This thing has become a winner! Consistently going up. silvereagle123 08/15/16 09:58:43 AM
#887   I don't know what is driving this but paladin551 08/10/16 04:03:59 PM
#886   AURCANA RECEIVES PAYMENT FOR OIL & GAS LEASES basserdan 07/20/16 12:12:17 PM
#885   I am about to give up on this paladin551 07/18/16 10:05:51 AM
#884   Aurcana Initiates PEA on Shafter Silver Project basserdan 06/08/16 01:05:41 PM
#883   Hi. Can you enlighten me as to exactly silvereagle123 05/12/16 06:18:43 AM
#882   $AUNFF recent news/filings stocktrademan 03/23/16 12:28:06 PM
#881   New Aurcana presentation up on their revised website basserdan 02/08/16 06:07:48 PM
#880   Well folks, Im out. Cashed in today ClemsonWins 11/20/15 12:45:54 PM
#879   Aurcana Corporation Announces Court Approval of Restructuring Transaction basserdan 11/19/15 10:33:19 AM
#878   New Shafter presentation up on site basserdan 11/11/15 11:07:06 AM
#877   Aurcana Corporation Announces Commencement of CBCA Proceedings to basserdan 11/03/15 01:38:03 PM
#876   AUNFF is not enough. willlbone 10/16/15 10:15:52 AM
#875   <<<9 cents. Wow. Is this thing dead? Any basserdan 09/08/15 03:56:09 PM
#874   9 cents. Wow. Is this thing dead? Any ClemsonWins 09/08/15 03:29:42 PM
#873   From the Aurcana board at SH.... basserdan 05/17/15 12:06:45 PM
#872   Ted Butler: The Biggest Silver Haul In History basserdan 05/13/15 09:50:55 AM
#871   From the Silver Bull board at SI: basserdan 04/27/15 07:57:55 PM
#870   Talks a good talk, but forgive me if ClemsonWins 01/30/15 09:19:52 AM
#869   Must see interview with Kevin Drover at Vancouver. basserdan 01/27/15 07:13:03 PM
#868   Aurcana Delivers Highest Quarterly Production in History in basserdan 01/13/15 05:28:14 PM
#867   Shame it wasn't feet first. billy bob the turd 12/19/14 03:42:09 AM
#866   Lenic has left the building... basserdan 12/17/14 08:34:01 AM
#865   Posted by Matt on Friday at the Aurcana basserdan 12/08/14 07:59:23 AM
#864   Aurcana Announces New Mineral Resource Estimate for the basserdan 12/03/14 09:19:49 PM
#863   Aurcana Reports 3rd Quarter Financial Results basserdan 12/01/14 12:21:40 PM
#862   I think you have something here boys ... JohnCM 11/21/14 11:53:39 AM
#861   From Matt at the Aurcana board at SH.... basserdan 11/18/14 12:32:16 PM
#860   I meant produce the metal silver at a tootalljones 11/06/14 06:15:41 PM
#859   <<<Also, now that the company is producing, it basserdan 11/06/14 11:30:29 AM
#858   Hi basserdan, after this message they said the tootalljones 11/04/14 09:35:29 PM
#857   Aurcana Sets New Production Record in Third Quarter basserdan 10/27/14 09:55:51 AM
#856   The following message was posted by Matt Bigham basserdan 10/22/14 09:10:32 AM
#855   Aurcana Appoints New Board Member basserdan 07/18/14 02:45:10 PM
#854   too bad it took so long gharma 07/11/14 09:00:29 AM
#853   Some great news!!! basserdan 07/10/14 09:11:37 PM
#852   Aurcana's slide show presentation @ The European Gold Forum basserdan 05/12/14 10:21:51 AM
#851   Aurcana Reports 2013 Financial Results basserdan 05/01/14 03:54:05 PM
#850   Cliffs Notes? ClemsonWins 05/01/14 12:43:08 PM
#849   Aurcana Amends Credit Facility Agreement and Announces Private basserdan 04/29/14 09:37:41 PM
#848   I would rather see a Turkish prison used gharma 04/09/14 08:43:06 PM
#847   "Keep going up" ??? When did it ClemsonWins 04/09/14 10:32:51 AM
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