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Monday, 07/05/2021 9:51:31 AM

Monday, July 05, 2021 9:51:31 AM

Post# of 1359

Aurcana Silver: All American Silver Producer Coming Online To Meet 2x Demand

Kevin Drover, CEO of Aurcana Silver Corp, is bringing their silver mine into full production as soon as September. Jay and Kevin discuss the coming global shortage for industrial silver and how Aurcana's low-cost, long-life silver mines in Colorado and Texas will help meet that demand. Kevin lays out Aurcana's path to becoming a mid-tier silver producer (8-9M Oz/Year) in a few short years.


Aurcana Silver Corporation is a Vancouver-based company whose shares are listed for trading on the TSX Venture Exchange.

Aurcana acquired Ouray Silver Mines Inc. which owns the Revenue-Virginius polymetallic mine in Ouray, Colorado in December, 2018. A new mill was built in 2011 and the mine was last operated in 2015 before being placed on care and maintenance. Since 2015 more than $20 million has been invested in technical work on the asset. In June 2018 and updated feasibility study was completed and the mine is fully permitted for immediate production. Aurcana is now focused on securing the required financing to put the Revenue-Virginius mine back into production.

Aurcana also owns the Shafter silver project, located in Presidio County, Southwest Texas. The Shafter project was advanced and substantially built prior to being placed on care and maintenance in December 2013. In September 2018, the Company also revised the Preliminary Economic Assessment for Shafter and the project is fully permitted.


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