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AUNFF: inactive security. FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
HOUSTON, Sept. 8, 2022 /PRNewswire/ -- Tidewater and Big Bend Foundation (the "Foundation"), a 501(c)3 nonprofit foundation dedicated to historical preservation and land conservation, today announced that it seeks to acquire some or all of Aurcana Silver Corporation's ("Aurcana") assets in Shafter, TX. The principal assets of interest are the historical sites, structures and ruins located along Highway 67 in Shafter. In order to effect a transaction, the Foundation will consider the purchase of all of the Aurcana's assets in Texas
is there a news link or some info to check if this is legit?..
The Tidewater offer is real. AUNFF could get the cash to un-do the tangle in the other 29 mil OZ silver mine, and keep the 11 mils OZ silver and Paseida vein discovery in Texas, by just selling the historic aspects to Tidewater.
Nice inverse relation to gold price!
https://finance.yahoo.com/quote/7347.T/
Yes. I'm out with a substantial loss.
Could be. It doesn’t show on ihub neither.
Pretty bad news…..
Thanks - that news is not showing for AUNFF at Schwab. Figured it had to be something like that to cause such a precipitous drop.
Anyone know why we have big volume and a large drop in AUNFF today?
Aurcana Silver Provides Corporate Update
V.AUN | 50 minutes ago
VANCOUVER, British Columbia, June 24, 2022 (GLOBE NEWSWIRE) -- AURCANA SILVER CORPORATION ("Aurcana" or the "Company") (TSXV: AUN; OTC: AUNFF) provides the following update:
As first announced in the press release dated March 21, 2022, and further to the Company’s press releases dated April 11, 2022, May 19, 2022, May 31, 2022, June 3, 2022 and June 20, 2022, certain indirect, wholly owned subsidiaries of Mercuria Energy Group (“Mercuria”) entered into certain standstill and restructuring agreements with Aurcana with effect as of March 8, 2022, which agreements included the grant to Aurcana of a waiver of all current events of default and a standstill agreement (a “Waiver and Standstill) under the Company’s five-year, $28 million term loan (and an associated hedging package) until June 23, 2022 in order to allow Aurcana time to achieve certain conditions precedent. Today, Mercuria and Aurcana have agreed to an extension of the Waiver and Standstill from June 24, 2022 until July 1, 2022.
Aurcana continues to evaluate all available alternatives with respect to refinancing the Company and satisfying the conditions precedents contained in the foregoing restructuring agreements with Mercuria and is continuing to actively pursue multiple financial and strategic alternatives that are in the best interests of the Company and its stakeholders. However, the Company has not made any decisions related to any of the foregoing matters at this time, and there can be no assurance that this evaluation of strategic alternatives will result in any transaction (with Mercuria or otherwise).
The Company also announces that David Kaplan and Elliot Rothstein have resigned as directors of the Company, effective June 23, 2022. The Company wishes to thank Mr. Kaplan and Mr. Rothstein for their contributions to the Company and wishes them well in the future.
ABOUT AURCANA SILVER CORPORATION
Aurcana Silver Corporation owns the Revenue-Virginius Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary resource at Shafter and Revenue-Virginius is silver. Both are fully permitted for production.
ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA SILVER CORPORATION
“Kevin Drover”
President & CEO
For further information, visit the website at www.aurcana.com or contact:
Aurcana Silver Corporation
850 – 789 West Pender Street
Vancouver, BC V6C 1H2
Phone: (604) 331-9333
Aurcana Silver Provides Corporate Update
VANCOUVER, British Columbia, June 20, 2022 (GLOBE NEWSWIRE) -- AURCANA SILVER CORPORATION ("Aurcana" or the "Company") (TSXV: AUN; OTC: AUNFF) provides the following update:
As first announced in the press release dated March 21, 2022, and further to the Company’s press releases dated April 11, 2022, May 19, 2022, May 31, 2022 and June 3, 2022, certain indirect, wholly owned subsidiaries of Mercuria Energy Group (“Mercuria”) entered into certain standstill and restructuring agreements with Aurcana with effect as of March 8, 2022, which agreements included the grant to Aurcana of a waiver of all current events of default and a standstill agreement (a “Waiver and Standstill) under the Company’s five-year, $28 million term loan (and an associated hedging package) until June 20, 2022 in order to allow Aurcana time to achieve certain conditions precedent. Today, Mercuria and Aurcana have agreed to an extension of the Waiver and Standstill from June 20, 2022 until June 24, 2022.
Aurcana continues to evaluate all available alternatives with respect to refinancing the Company and satisfying the conditions precedents contained in the foregoing restructuring agreements with Mercuria and is continuing to actively pursue multiple financial and strategic alternatives that are in the best interests of the Company and its stakeholders. However, the Company has not made any decisions related to any of the foregoing matters at this time, and there can be no assurance that this evaluation of strategic alternatives will result in any transaction (with Mercuria or otherwise).
ABOUT AURCANA SILVER CORPORATION
Aurcana Silver Corporation owns the Revenue-Virginius Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary resource at Shafter and Revenue-Virginius is silver. Both are fully permitted for production.
ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA SILVER CORPORATION
“Kevin Drover”
President & CEO
For further information, visit the website at www.aurcana.com or contact:
Aurcana Silver Corporation
850 – 789 West Pender Street
Vancouver, BC V6C 1H2
Phone: (604) 331-9333
https://stockhouse.com/news/press-releases/2022/06/20/aurcana-silver-provides-corporate-update
Aurcana Silver Provides Corporate Update
VANCOUVER, British Columbia, May 19, 2022 (GLOBE NEWSWIRE) -- AURCANA SILVER CORPORATION ("Aurcana" or the "Company") (TSXV: AUN; OTCQF: AUNFF) provides the following update:
As outlined in the press releases dated April 11, 2022 and dated March 21, 2022, Aurcana continues to evaluate all available alternatives with respect to refinancing the Company and satisfying the conditions precedents contained in the restructuring agreements entered into with subsidiaries of Mercuria Energy Group. The Company is continuing to actively pursue multiple financial and strategic alternatives that are in the best interests of the Company and its stakeholders and has engaged a financial advisor to assist in identifying and analyzing opportunities. Discussions have also been held with certain parties regarding their participation as a lead order for an equity offering. In addition, the Company is also evaluating potential non-dilutive structures and debt refinancing packages and is in active discussions with potential merger partners. The Board and Management remain focused on reaching a full solution to the Company’s financing needs and remain optimistic as to its prospects. However, the Company has not made any decisions related to any of the foregoing strategic alternatives or transactions at this time, and there can be no assurance that this evaluation of strategic alternatives will result in any transaction or change in strategy.
Due to personal health issues, Kevin Drover, President and CEO, has not been readily available for the past few weeks but will have periodic availability and will be more accessible over the coming weeks. Mr. Drover also commented that in light of the recent departure of the Company’s investor relations consultant, “although practically speaking there will be times when we are simply unable to answer all the calls and emails we get, going forward we will endeavor to return to our usual accessibility to our shareholders.”
ABOUT AURCANA SILVER CORPORATION
Aurcana Silver Corporation owns the Revenue-Virginius Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary resource at Shafter and Revenue-Virginius is silver. Both are fully permitted for production.
ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA SILVER CORPORATION
"Kevin Drover”
President & CEO
For further information, visit the website at www.aurcana.com
or contact:
Aurcana Silver Corporation
850 – 789 West Pender Street
Vancouver, BC V6C 1H2
Phone: (604) 331-9333
https://stockhouse.com/news/press-releases/2022/05/19/aurcana-silver-provides-corporate-update
Aurcana Silver Provides Corporate Update
VANCOUVER, British Columbia, April 11, 2022 (GLOBE NEWSWIRE) -- AURCANA SILVER CORPORATION ("Aurcana" or the "Company") (TSXV: AUN; OTCQF: AUNFF) provides the following update:
As outlined in the press release dated March 21, 2022, Aurcana continues to evaluate all available alternatives with respect to the Company and satisfying the conditions precedents contained in the restructuring agreements entered into with subsidiaries of Mercuria Energy Group in respect of the Company’s outstanding $28 million term loan and associated hedging package. Aurcana is actively pursuing multiple financial and strategic alternatives that are in the best interests of the Company and its stakeholders and has engaged a financial advisor to assist in identifying and analyzing opportunities. The Company remains optimistic as to its prospects, although there can be no assurances that any transaction(s) will occur.
In addition to its focus on the required financing, the Company continues to work to optimize the mine development and restart plan for the Revenue-Virginius Mine to reduce time and capital requirements. The #1 hoist installation remains the critical path followed by finishing the development to have four working faces available and then to resume mining activities on the 1800 level.
ABOUT AURCANA SILVER CORPORATION
Aurcana Silver Corporation owns the Revenue-Virginius Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary resource at Shafter and Revenue-Virginius is silver. Both are fully permitted for production.
ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA SILVER CORPORATION
“Kevin Drover”
President & CEO
For further information, visit the website at www.aurcana.com or contact:
Aurcana Silver Corporation
850 – 789 West Pender Street
Vancouver, BC V6C 1H2
Phone: (604) 331-9333
https://www.globenewswire.com/news-release/2022/04/11/2419759/0/en/Aurcana-Silver-Provides-Corporate-Update.html
Aurcana Silver Announces Updated Feasibility Study For the Revenue-Virginius Mine Confirming Npv5 Us$109 Million And Mercuria Loan Restructuring
Vancouver, BC – March 21, 2022 – Aurcana SILVER Corporation ("Aurcana" or the "Company") (TSXV: AUN; OTCQF: AUNFF) provides the following update with respect to its wholly owned Revenue-Virginius Mine (“RV Mine”) located in Ouray, Colorado, USA.
https://www.aurcana.com/news/2022/index.php?content_id=495
Aurcana Silver Provides Operations Update
Vancouver, BC – March 8, 2022 – Aurcana SILVER Corporation ("Aurcana" or the "Company") (TSXV: AUN; OTCQF: AUNFF) provides the following update on operations at its wholly owned Revenue-Virginius Mine located in Ouray, Colorado, USA.
Mining and development operations have continued to focus on the completion of the #1 Alimak raise hoist / elevator system (the “#1 Raise Hoist”) throughout January and most of February. As a result of extreme winter weather conditions at the mine site during the second half of February, the site has been periodically inaccessible. Due to the high cost of maintaining the Company’s labor on standby and the higher cost of winter operations in general, the Company has temporarily suspended mining operations in order to ensure the efficient use of the Company’s resources and to conserve cash during the immediate term.
Based on the progress at site to date, the Company’s anticipated plans for resumption of work, the completion of the #1 Raise Hoist remains targeted for the second quarter of 2022. Completion of the #1 Raise Hoist is essential to reducing underground travel time for mine workers and for safe and sustainable access to the upper levels of the Virginius Vein. The Company believes that this hoisting system will have an immediate and long-term positive impact on mining productivity, as well as on subsequent mine development and production and mill production. The improved access to the upper levels of the Virginius and other veins is also expected to enhance future exploration and development activities at the mine.
Operations are anticipated to resume as soon as it is practical and cost effective to do so, with an initial priority focus on activities associated with completion of the #1 Raise Hoist. The Company then anticipates that operations at the mine will ramp to full production as quickly as possible thereafter following the completion of the #1 Raise Hoist.
Qualified Person Statement
The scientific and technical content of this news release was reviewed and approved by Michael Gross, P. Geo, a “qualified person” within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
ABOUT AURCANA SILVER CORPORATION
Aurcana Silver Corporation owns the Revenue-Virginius Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary resource at Shafter and Revenue-Virginius is silver. Both are fully permitted for production.
ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA SILVER CORPORATION
“Kevin Drover”
President & CEO
For further information, visit the website at www.aurcana.com or contact:
Aurcana Silver Corporation
850 – 789 West Pender Street
Vancouver, BC V6C 1H2
Phone: (604) 331-9333
https://www.aurcana.com/news/2022/index.php?content_id=494
Aurcana Announces Closing of Second Tranche of Non-Brokered Private Placement for Aggregate of $5,972,725
Vancouver, BC – February 28, 2022 – Aurcana SILVER Corporation ("Aurcana" or the "Company") (TSXV: AUN; OTCQF: AUNFF) is pleased to announce it has closed the second and final tranche of the non-brokered private placement offering (the “Private Placement”) announced on February 1, 2022, subject to the approval of the TSX Venture Exchange. The second tranche consists of 1,926,857 Units at a price of C$0.35 per Unit, for a total of $674,399.95. The first and second tranches combined consist of a total of 17,064,928 units for a total of $5,972,724.80 raised.
Each Unit consists of one common share of the Company and one full common share purchase warrant (“Warrant”), with each Warrant entitling the holder thereof to purchase one common share at a price of C$0.525 for a period of 36 months following the closing of the Private Placement, subject to adjustment upon certain customary events.
The net proceeds of the Private Placement will provide contingency funding for the restart of the Company’s wholly owned Revenue Virginius (RV) Mine as well as funding for growth of the resource base at the RV Mine which may enable the Company to grow future production volumes. Net proceeds will also be used for working capital and general and administrative expenses including potential opportunities to advance its wholly owned Shafter Project in light of the current silver price.
The Units have been issued on a private placement basis pursuant to applicable exemptions from prospectus requirements under applicable securities laws. The common shares and Warrants (and any common shares issued pursuant to the Warrants, as applicable) are subject to a statutory hold period of four months and one day from the date of issuance of the Units. The hold period for the first tranche expires on June 2, 2022 and the hold period for the second tranche expires on June 29, 2022.
The Company paid an aggregate of C$243,558 in finder’s fees and issued an aggregate of 695,880 agent’s warrants, (“Agent’s Warrants”) with each Agent’s Warrant entitling the holder thereof to purchase one Common Share at a price of C$0.525 for a period of 36 months from the date of issuance.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws and may not be offered or sold in the United States unless registered under the 1933 Act and any applicable securities laws of any state of the United States or an applicable exemption from the registration requirements is available.
ABOUT AURCANA CORPORATION
Aurcana Corporation owns the Revenue-Virginius Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary resource at Shafter and Revenue-Viriginius is silver. Both are fully permitted for production.
ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION
“Kevin Drover”
President & CEO
For further information, visit the website at www.aurcana.com or contact:
Aurcana Corporation
850 – 789 West Pender Street
Vancouver, BC V6C 1H2
Phone: (604) 331-9333
https://www.aurcana.com/news/2022/index.php?content_id=493
Here you go...
long article with a huge amount of info -
This is Part 2 of his YIR and part 1 covers alot of the market info.
It is insanity - what is going on these days.
I am linking you to it here because many of the boards you post on are no longer "free"
https://www.peakprosperity.com/2021-year-in-review-the-rise-of-centralized-healthcare/
Aurcana Silver Provides Operations Updates
Vancouver, BC – January, 10, 2022 – Aurcana SILVER Corporation ("Aurcana" or the "Company") (TSXV: AUN; OTCQF: AUNFF) is pleased to provide an update on current operations at its wholly owned Revenue-Virginius Mine located in Ouray, Colorado, USA.
Operations are continuing to focus on the completion of the #1 Alimak raise hoist / elevator system which will enable efficient movement of men and materials between the 2000 level and the four levels being developed above 2000. Operations also continue stoping on the 1800 level of the Virginius Vein, and making ongoing improvements to the process plant.
It is anticipated that the mill will resume operations in mid-January and will run as stope ore is available. Significant improvement in concentrate quality was realized in the most recent mill run in December and is expected to continue once the mill is back in operation.
Completion of the #1 Alimak raise hoist / elevator project remains targeted for May 2022. The #1 Raise Hoist is the key to safe, efficient, and sustainable travel for men and materials to the upper levels of the Virginius mine. This hoisting system will have an immediate positive impact on mining productivities and subsequent mine development & production and mill production. The improved access to the upper levels of the Virginius and other veins is expected to also enhance future exploration and development activities at the mine.
Mining operations have continued to focus on the optimization of 1800 level stope mining. Stope ore has been stockpiled underground in anticipation of the resumption of milling. Currently, the mine has two stopes available on the 1800 level to supply the mill with high grade silver ore with a third stope partially completed.
Assays taken from on vein development openings continue to demonstrate strong mineralization in support of the geologic model. The figure below depicts a graphical representation of the grades encountered while drifting north on the Virginius Vein on the 1800 level.
Figure 1
“We are very pleased with the grades we are encountering, and the fact these grades are significantly higher (83%) when compared to the geologic model; this gives us great confidence in our ore body.”, said Kevin Drover, President and CEO of Aurcana.
Qualified Person Statement
The scientific and technical content of this news release was reviewed and approved by Michael Gross, P. Geo, a “qualified person” within the meaning of NI 43-101
ABOUT AURCANA SILVER CORPORATION
Aurcana Silver Corporation owns the Revenue-Virginius Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary resource at Shafter and Revenue-Virginius is silver. Both are fully permitted for production.
ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA SILVER CORPORATION
“Kevin Drover”
President & CEO
For further information, visit the website at www.aurcana.com or contact:
Aurcana Silver Corporation
850 – 789 West Pender Street
Vancouver, BC V6C 1H2
Phone: (604) 331-9333
Gary Lindsey, Corporate Communications
Phone: (720)-273-6224
Email: gary@strata-star.com
https://www.aurcana.com/news/2022/index.php?content_id=491
Aurcana Silver Corp Ships First Concentrate Production and Announces Management Change
Mr. Kevin Drover reports:
VANCOUVER, British Columbia, Dec. 23, 2021 (GLOBE NEWSWIRE) -- AURCANA SILVER CORPORATION ("Aurcana" or the "Company") (TSXV: AUN; OTCQF: AUNFF) is pleased to announce that it has shipped its first concentrate production from its wholly owned Revenue-Virginius Mine, located in Ouray, Colorado, USA.
The Company continues to mine high-grade ore during this time of reduced underground capacity. The processing system’s capability has been demonstrated through the mill operating at design capacity and the ability to produce shippable concentrate. However, the lack of consistent ore feed from the mine has been a bottleneck to optimizing processing performance.
Going forward, the near term operating plan is to continue to mine the two available stopes on the 1800 level and create a stockpile that will help ensure a longer period of sustained processing run-time. It is expected enough ore will be stockpiled to enable the processing plant to restart again during the first week of January.
Although the delays in specific underground development projects has meant the mine has been slower to get to full production than originally planned, a number of very important milestones have been achieved for the Revenue-Virginius Mine restart. First, the grade on the 1800 level based on assay results from samples taken from development advance shows the grade is as expected or better when compared against the geological model. The Company expects to be incorporating these assay results into future resource work. Second, the mine has proved the resue mining method works well for this ore-body in both dilution and geotechnical control features. And third, the processing facility has demonstrated that it can perform when given suitable ore feed to run at design rates and make sellable concentrates.
The Company continues to evaluate its development plan and timeline and will update shareholders in the new year. The #1 Raise Hoist remains the main bottleneck to achieving target mining productivities and its completion is a key to the success of the overall operation. Work on the #1 Raise Hoist continues and is the number one priority in the mine. Completion is now scheduled for May of 2022.
Aurcana also announces the resignation of Brian Briggs from the position of Chief Operating Officer of Aurcana Silver Corp and from the position of Chief Executive Officer of Ouray Silver Mining Inc (“OSMI”). The responsibilities and duties of these positions will be shared among existing managers and officers of the Company and OSMI.
Qualified Person Statement
The scientific and technical content of this news release was reviewed and approved by Michael Gross, P. Geo, a “qualified person” within the meaning of NI 43-101
ABOUT AURCANA SILVER CORPORATION
Aurcana Corporation owns the Revenue-Virginius Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary resource at Shafter and Revenue-Virginius is silver. Both are fully permitted for production.
ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA SILVER CORPORATION
“Kevin Drover”
President & CEO
For further information, visit the website at www.aurcana.com or contact:
Aurcana Silver Corporation
850 – 789 West Pender Street
Vancouver, BC V6C 1H2
Phone: (604) 331-9333
Gary Lindsey, Corporate Communications
Phone: (720)-273-6224
Email: gary@strata-star.com
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/525-tsx-venture/aun/113051-aurcana-silver-corp-ships-first-concentrate-production-and-announces-management-change.html
Chris Marcus: CFTC suppresses silver manipulation evidence again
Earlier this year, acting CFTC chairman Rustin Benham confirmed that his agency took steps to cap the price of #silver. which is certainly an unusual comment for a regulator to make.
However, in following up with the agency to get clarity, I was able to contact the public media director, and in tonight's video you’ll find out what happened.
So if you want to know the truth about silver manipulation and the CFTC, click to watch the interview now!
From Stockhouse ....
December 02, 2021 - 11:23 AM
"Added some more after speaking with Gary. Making good progress and will issue a PR soon once concentrate is shipped."
https://stockhouse.com/companies/bullboard/v.aun/aurcana-corporation?postid=34190106
Aurcana Silver Provides Operations Update
Vancouver, BC – November 23, 2021 – Aurcana SILVER Corporation ("Aurcana" or the "Company") (TSXV: AUN; OTCQF: AUNFF) advises shareholders and the general market of a rock movement event at the Company’s wholly owned Revenue Virginius mine. No fatalities or injuries occurred, but ongoing operations will be temporarily impacted. The rock movement which occurred in the #2 Alimak Raise, which provided access to/from the stoping level for both men/materials as well as ore handing, will create a temporary material productivity limitation to underground production.
Following the incident, underground operations were temporarily suspended while the incident was investigated. Management has decided to use one of two raises solely as an ore/waste pass while using the other raise to provide access for people and materials. Operations have resumed, but this decision reduces the underground vertical transportation capacity by 50% until such time as the hoist in the #1 Raise, which is the long term primary conduit for men and materials, is fully operational.
Due to this change and based on the current cash resources available to the Company, management has decided to temporarily halt ongoing development activities other than those relating to the completion of the #1 Raise hoist and focus on concentrate production from the existing available stopes.
In addition, due to the temporary work curtailment, the Company has provided notice to employees in compliance with the WARN Act of 1988. The Company continues to operate but at a reduced capacity and is retaining personnel consistent with the current objectives.
The Company’s plans to manage operations are continuing to evolve and the Company cannot forecast what production levels may be achieved given the change to underground vertical transportation capacity. The Company will provide an update as soon as possible.
ABOUT AURCANA SILVER CORPORATION
Aurcana Corporation owns the Revenue-Virginius Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary resource at Shafter and Revenue-Virginius is silver. Both are fully permitted for production.
ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA SILVER CORPORATION
“Kevin Drover”
President & CEO
For further information, visit the website at www.aurcana.com or contact:
Aurcana Silver Corporation
850 – 789 West Pender Street
Vancouver, BC V6C 1H2
Phone: (604) 331-9333
Gary Lindsey, Corporate Communications
Phone: (720)-273-6224
Email: gary@strata-star.com
https://www.aurcana.com/news/2021/index.php?content_id=489
You're a Good Man, 'Dan. Hope Aurcana helps you survive the "Bumbles" Barry Debacle over at you-know-where.
Why don't you contact TVI Pacific; they've just gone into production after years of hard work to get there; they don't have an IR person at the moment but now that they're at the "sweet spot" of The Lassonde Curve, they could use a Good Man like YOU!.
AUNFF!
Aurcana Silver Provides Update on Mill Commissioning and Mine Ore Sampling
Vancouver, BC – October 5, 2021 – Aurcana SILVER Corporation ("Aurcana" or the "Company") (TSXV: AUN, OTCQF: AUNFF) is pleased to provide an update on development progress for the 1800 level stopes and mill operations.
The mill construction is complete and final commissioning of the mill is ongoing. Development ore was stockpiled for processing during the commission period with final commissioning to coincide with stope ore. Mill throughput has been tested as high as 13 tons per hour (tph) 312 tons per day (tpd) without any major issues arising. The targeted mill throughput is 270 tph. Both lead and zinc concentrates are being produced and it is anticipated that the first shipment will occur during the week of October 4th. Although early in the start-up process, metallurgical performance of the mill and flotation circuits appear to be as forecast in the Feasibility Study.
Lateral development on the 1800 level is progressing well; the first stope ore came online from the 1800 level on September 25th. Geological sampling of development headings shows an average weighted silver equivalent grade of 39 ounces per short ton, with grades as high as 196 ounces per short ton (AgEq/ton) compared to the modeled grades in the same area of approximately 27 AgEq/ton.
The first stope will be brought into the production sequence in phases, based on the timeline indicated in Figure 1.
Figure 1: 1800 level 980-1450 Stoping Block
Qualified Person Statement
The scientific and technical content of this news release was reviewed and approved by Michael Gross, P. Geo, a “qualified person” within the meaning of NI 43-101
ABOUT AURCANA CORPORATION
Aurcana Corporation owns the Revenue-Virginius Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary resource at Shafter and Revenue-Virginius is silver. Both are fully permitted for production.
ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION
“Kevin Drover”
President & CEO
For further information, visit the website at www.aurcana.com or contact:
Aurcana Corporation
850 – 789 West Pender Street
Vancouver, BC V6C 1H2
Phone: (604) 331-9333
Gary Lindsey, Corporate Communications
Phone: (720)-273-6224
Email: gary@strata-star.com
http://www.aurcana.com/news/2021/index.php?content_id=485
Aurcana News: Mill commissioning and first shipment of dore:
https://www.marketwatch.com/press-release/aurcana-silver-provides-update-on-mill-commissioning-and-mine-ore-sampling-2021-10-05?mod=mw_quote_news_seemore
Salient paragraph:
"The mill construction is complete and final commissioning of the mill is ongoing. Development ore was stockpiled for processing during the commission period with final commissioning to coincide with stope ore. Mill throughput has been tested as high as 13 tons per hour (tph) 312 tons per day (tpd) without any major issues arising. The targeted mill throughput is 270 tph. Both lead and zinc concentrates are being produced and it is anticipated that the first shipment will occur during the week of October 4th. Although early in the start-up process, metallurgical performance of the mill and flotation circuits appear to be as forecast in the Feasibility Study."
Aurcana Silver Corp. USA’s Highest-Grade Silver Mine Starts Production (Sept. 17, 2021 Site Tour)
(TSXV:AUN; OTCQX:AUNFF)
Bill Powers visited the world’s highest-grade silver mine (P&P) owned 100% by Aurcana Silver Corp which just started production. The site tour occurred on September 17th, 2021. The Revenue-Virginius mine in Ouray, Colorado, USA is fully-permitted and will be one of the lowest-cost silver producers in the world at a feasibility study projection of only US$8/oz Ag (AISC) after byproduct credits. Aurcana has issued guidance that it expects to grow production up to 8mm to 9.5mm silver ounces per year by 2024 between the RV mine and expected recommencement of production at the fully-permitted Shafter silver mine in Texas.