Replies to post #17782 on Value Microcaps Junior Miners

[cl001]

I heard they have a new management, the new CEO bought shares of the company. But still need to raise a lot of money so I passed it.

[DigiTech]

AUN.V I have a long position at $.90. I was going to take a tax loss before the new year but I kept the position just in case that new CEO works out.
I also considered a double down at some point but did not do it. I really do not know enough about it. Just waiting for a break even.

[steelpiston71]

Aun has La Negra up and running and also has base metals that may be helping the share price as bm's are rallying...

[basserdan]

<<<Anybody here following/have views on Aurcana AUN.V? >>>

Hi Silver100... kindly excuse the delayed response. <vbg>


Aurcana Corporation: Expansion to 1,500 t/d at La Negra Mine Completed

Tuesday June 1, 2010, 9:00 am EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 1, 2010) - Aurcana Corporation (TSX VENTURE:AUN; OTC:AUNFF - News) - The expansion of the La Negra mill capacity from 1,000 to 1,500 tpd (metric tons per day) is now completed and is expected to achieve a steady daily rate of over 1,250 tpd at the end of May and continue to ramp up to 1,500 tpd during the following weeks.

A new more efficient cyclone pack and a second ball mill have been added to the mill circuit, and the flotation circuit has been expanded with the addition of more conditioning and flotation tanks. All of these additions are now in operation.

The installation of ancillary equipment such as a 3rd fine ore bin, a second water tank, and optimization of grinding/flotation circuits are currently underway and will support the increase of the plant production capacity from 1,250 tpd to 1,500 tpd.

The La Negra mine is already producing at a higher tonnage rate which averaged 1,200 tpd in March and 1,280 tpd in April. Stockpiled ore, ready to haul to the mill at the end of April, consisted of 20,000 tonnes in the mine and 33,000 tonnes on surface.

The underground ore stockpile includes 8,000 tons of high grade material at the Maravillas Deposit, where contractor production of 300 tpd is now available, with the completion of the truck self-loading chute on the ore pass.

The Concentrate sales contract was renegotiated with improved terms that will take effect on June 1, 2010 and includes the following:

--  Reduction in the amount deducted for assumed losses of concentrate due     
 to handling during shipping and storage (Merma).   
 --  Reduced port handling charges.  
 --  Reduced treatment charges, with a metal price trigger

Collectively, these terms plus increased production will have a significant positive impact on the La Negra revenues, cash flow and profitability in 2010.

Aurcana President Mr. Lenic Rodriguez said, "With Silver prices approaching a 2 year high the timing of this expansion is excellent, we are very proud of the La Negra team of engineers who have executed this complex expansion project at minimum cost, on time and on budget."

For more information on the La Negra expansion see the January 2010 independent article in Mundo Minero, Ampliacion en Mina La Negra, on the Aurcana website.

About Aurcana Corporation:

The Shafter Silver Mine is scheduled to start up production within 18 months of securing permits and financing, producing 3.9 million ounces silver in the first year. It has a NI 43-101 measured and indicated resource of 24.6 million ounces of silver (2,900,000 tons at 8.48Ag opt) and an inferred resource of 22.8 million ounces of silver (2,167,000 tons at 10.52 Ag opt) using a 4.0 ounce per ton cut off. The 92% owned La Negra silver-lead-zinc-copper mine is on target to increase production to over 2 million ounces Silver Equivalent annually when expansion to 1,500 t/d, is completed by mid year. Ron Nichols, P.Eng. a Director and Senior Vice President for Aurcana, and a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this release.

ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION
Lenic Rodriguez, President

NR#10-08



http://finance.yahoo.com/news/Aurcana-Corporation-Expansion-ccn-2255949344.html?x=0&.v=1