Aurcana Silver Corp (fka AUNFF)

[basserdan]

Aurcana Commences Diamond Drilling Program at the Revenue-Virginius Mine Located in Colorado, USA. Targeting Virginius Vein Extension

VANCOUVER, BC – July 23, 2020 - AURCANA CORPORATION ("Aurcana" or the "Company") (TSXV: AUN; OTC: AUNFF) is pleased to announce the commencement of a diamond drilling program at the Revenue-Virginius Mine. The drill program will follow and explore the continuation of high-grade silver Resources and Reserves present on the Virginius vein along its strike extension into the recently acquired Blue Grass patented mining claim. The drill program will consist of some 7,000 feet of HQ sized diamond drill core in 10 holes.


Blue Grass Claim Along Virginius Vein

The Blue Grass claim covers 1,500 feet (457 meters) of the 7500 feet (2,286 meters) of known strike length on the Virginius vein north of the Monongahela claim.. In addition to the 1500 feet (457 meters) of strike length on the Blue Grass claim, the Company owns an additional 6,000 feet (1,829 meters) to the north of the claim. This total strike length nearly double the 4,000 feet (1,219 meters) utilized in the Company’s 2018 feasibility study for the restart of the mine (“2018 FS”). The Virginius vein was historically the most proflic producer of silver, lead and zinc in the mine.


Virginius Vein Longitudinal Section - Feasibility Study Resource

As detailed in the 2018 FS, the Virginius vein contains just over 11.2 million Ag ounces of Proven + Probable Reserves within 15.2 million Ag ounces of Measured and Indicated Resources, and 5.2 million Ag ounces of Inferred Resources (see the 2018 FS posted on the Company’s website or on the Company’s profile on SEDAR at www.sedar.com.).

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 mineral 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: [phone]

Gary Lindsey, Corporate Communications
Phone: [phone]
Email: [e-mail]

http://www.aurcana.com/news/2020/index.php?content_id=466