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Re: Bobwins post# 25617

Thursday, 07/21/2011 11:40:48 AM

Thursday, July 21, 2011 11:40:48 AM

Post# of 35742
Bobwins Aun.v Now if we could just get Eric Sprott & SAF off our backs AUN might get some real traction.

When they finish Shafter, at full production, were looking at 6 million oz silver production per year with upside.

While this is going on, Legend Dr Peter Magaw and his exploration team will be proving up more NI43-101 resources to extend the mine life.

Shafter



-- Aurcana Corporation continued construction of the 100% owned Shafter
Silver Mine Project. The Shafter Feasibility Study shows an estimated
pay back of 1 year at $21 per ounce of Silver. Construction started in
December 2010 and is on track to be completed by May 2012.
-- Key construction milestones include:

-- Decline portal steel sets and concrete structure completed in July
2011
-- Crushing and screening plant to be delivered in July 2011
-- Ball Mill foundations to be complete in August 2011
-- Ball Mill to be delivered in August 2011
-- Fine ore reclaim tunnel to be completed in August 2011
-- Six leach tank foundations complete, and leach tanks to be delivered
in August 2011
-- Evaporation pond civil work to be completed in July 2011 and pond
liner to be installed in August 2011
-- MSHA Quarterly Inspections commenced in July 2011
-- Modification to existing permits continues on schedule

Checkmate

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