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Re: basserdan post# 1109

Thursday, 10/24/2013 9:27:58 AM

Thursday, October 24, 2013 9:27:58 AM

Post# of 1360

Aurcana Reports Third Quarter Production Results

Vancouver, BC, October 21, 2013- Aurcana Corporation ("Aurcana" or the "Company") (TSXV: AUN, OTCQX: AUNFF) wishes to report the third quarter 2013 production results.

THIRD QUARTER PRODUCTION HIGHLIGHTS FOR THE LA NEGRA MINE

* Total silver equivalent production for Q3 2013 was 748,294 oz, a 4% increase from 718,063 oz in Q3 2012.

* Total ore milled in Q3 2013 was 221,118 tonnes, a 12% increase from 196,843 tonnes in Q3 2012.

* Total ore mined in Q3 2013 was 207,458 tonnes, a 6% increase from 196,401 tonnes in Q3 2012.

* Total silver equivalent production for the first 9 months of 2013 was 2,158,858 oz, a 14% increase from 1,899,280 oz silver equivalent produced during the same period one year ago.

* Total ore milled for the first 9 months of 2013 was 626,586 tonnes, a 24% increase from 504,005 tonnes milled during the same period one year ago.

* Total ore mined for the first 9 months of 2013 was 656,988 tonnes, a 39% increase from 472,557 tonnes mined during the same period one year ago.

La Negra Mine Updates

During Q3 2013 the La Negra mill averaged a running rate of 2,622 tonnes per day (tpd). The lower than planned mill throughput during the quarter was the result of equipment breakdowns as well as unusually heavy rains that impacted mining operations.

During the quarter, La Negra continued to mine the more accessible higher grade copper and zinc zones, resulting in increased volumes of copper and zinc concentrate. This required upgrades of the existing copper and zinc filter presses. New larger filter presses for both copper and zinc concentrates are on order and will be commissioned in Q4 2013.

These improvements together with repairs to the plant equipment should allow higher production rates to be maintained at approximately 3,000 tpd in the future, starting Q1 2014. In the meantime, La Negra's average running rate during Q4 2013 is projected to be in the order of 2,200 tpd.

Mine development continued during the quarter with the goal of opening up new areas that would sustain higher production rates in the future. As a result, a larger proportion of ore was sourced from development headings, resulting in increased dilution and lower than historic head grades processed during the quarter. Plans for 2014 include a transition to the higher silver grade mineralized zones in the upper levels of the La Negra mine. These require ore pass and ventilation raise development that will commence upon receipt of raise boring equipment in Q1 2014.

Shafter Mine Updates

With the successful closing of the $50 million financing in September 2013, the Shafter mine is continuing to make the necessary improvements to achieve its planned capacity of 1,500 tpd during Q2 2014.

Aurcana is pleased to report the following progress to date:

* Two new tailings filter presses providing a filtering capacity of up to 1,500 tpd have been installed and are operating to specifications.

* Three new precipitate filter presses have been installed and are currently being commissioned in the refinery.

* A new custom built retort and furnace are expected to be received in December 2013.

* Underground mine development is progressing supported by a contract miner.

* Construction of the counter current decantation (CCD) circuit is ongoing with estimated completion during Q2 2014.

* Recruiting efforts continue to improve technical competencies and operating manpower levels.

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. Please visit us @ http://www.aurcana.com for more information.

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.

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

"Lenic Rodriguez"
Lenic Rodriguez, President & CEO
AURCANA CORPORATION

For further information contact:

Lenic Rodriguez, President & CEO
or
Catalin Chiloflischi, Corporate Communications Director
Phone: (604) 331-9333
Toll Free: (866) 532-9333
Fax: (604) 633-9179
Email: ir@aurcana.com
http://www.aurcana.com

http://finance.yahoo.com/news/aurcana-reports-third-quarter-production-130000593.html






Dan

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