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Aurcana Announces New Chief Operating Officer

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basserdan Member Level  Thursday, 01/31/19 03:21:51 PM
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Aurcana Announces New Chief Operating Officer

GlobeNewswire
January 31, 2019

VANCOUVER, British Columbia, Jan. 31, 2019 (GLOBE NEWSWIRE) -- Aurcana Corporation ("Aurcana" or the "Company") (AUN.V) is pleased to announce the appointment of Brian K. Briggs PEng to the position of Chief Operating Officer of Aurcana Corporation. In his new role, Mr. Briggs will oversee both of Aurcana’s development projects, the Revenue-Virginius Mine, located near Ouray, Colorado and the Shafter Mine, located near Presidio, Texas.

Mr. Briggs has more than 30 years of engineering, environmental, mine development and mining operations experience throughout North America and Africa. Mr. Briggs received an BS in Mining Engineering and a MS in Agricultural Engineering from the University of Wyoming in the late 1980s. He has worked for both major mining companies such as Shell Mining and Rio Tinto as well as numerous private and public junior mining companies holding positions such as Mining Engineer, Environmental Engineer, Chief Engineer, V.P Technical Services, Mine Manager, President and CEO during the course of his career.

Mr. Briggs will also remain the CEO of Ouray Silver Mines which was acquired by Aurcana in December 2018. Over the past three years in that role Mr. Briggs successfully rebuilt the organization in all phases including installing a highly experienced and knowledgeable management team with a history of success in developing and operating high grade narrow vein deposits. Under Mr. Briggs direction the team rebuilt the resource/reserve base, proved the successful use of resue as the mining method of choice, and fully redesigned the underground development and processing to a shovel ready state. This work culminated in the completion of a full Feasibility Study in 2017 which was further updated in June, 2018 as part of the Aurcana acquisition of Ouray Silver Mines and is the basis for the expected restart of the Revenue-Virginius silver mine.

Additionally, Ouray Silver Mines and the Shafter Mine are both fully permitted for operations. However, Aurcana is currently evaluating funding options as it seeks to return, firstly, the Revenue-Virginius Mine back into production.

Kevin Drover, President & CEO, stated, “As Aurcana positions itself to become a mid-tier producer again with the proposed re-start of the Revenue-Virginius Mine and with the Shafter project in the pipe-line, we need to streamline our management structure. Brian brings a wealth of experience to the position of COO that will prove invaluable as we move toward becoming a producer again.”

Disclaimers

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

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.

https://finance.yahoo.com/news/aurcana-announces-chief-operating-officer-140000493.html







Dan
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