VANCOUVER, BRITISH COLUMBIA–(Marketwire -04/26/12)-
Aurcana Corporation (AUN.V – News)(AUNFF.PK – News)(AUNFF.PK – News) (“Aurcana” or a “Company”) is gratified to news china prolongation for Q1 2012 of 287,486 ounces compared to 240,275 in Q1 2011, a largest entertain for china prolongation in Aurcana’s history. Silver prolongation for a initial entertain of 2012 augmenting 19.6% compared to Q1, 2011. Silver Equivalent augmenting 29.3% to 492,864 for Q1 2012, compared to 381,146 in Q1 2011.
The normal class of china augmenting 9% to 81 grams per ton in Q1, 2012, compared to 74 grams per ton in Q1, 2011.
Mill feed was 130,570 tonnes in Q1. Fifteen percent (18,948 tonnes) were from NI 43-101 Measured and Indicated Resources and 85% (111,622 tonnes) were from new discoveries or non-compliant resources. La Negra is now requesting 43-101 standards in building new mineralized zones to boost a agreeable resources. A new agreeable apparatus guess will be expelled in a second quarter. Additionally, new ore section expansion initiatives are being carried out on a Northwest Trend.
La Negra Highlights
-- The ascent of a La Negra indent was finished on Mar 30, 2012,
augmenting prolongation from 1500 tpd to 2000 tpd, a 33% boost in
capacity.
-- Aurcana continues to furnish record results. Q1, 2012 china production
was a largest china volume in Aurcana story producing 287,486
ounces of silver.
-- 29.3% boost in china homogeneous constructed to 492,864 ounces in Q1
2012 compared to 381,146 ounces in Q1 2011.
-- 18% boost in china sales in Q1 2012 compared to 218,701 in Q1 2011.
-- La Negra cave has now finished a ramp adult and is now logging during a rate
of 2,000 tpd +.
Now that a indent ascent has been finished during La Negra to 2000 tpd, a enlargement to 2500 tpd will start with expectancy of completing a enlargement in 2013, collateral expenditures will be minimal for a subsequent expansion.
Shafter Mine
The Company commenced construction of a Shafter Mine in February, 2011 with an approaching execution date of May 2012. The Company is 2 months early in execution of a cave and underneath budget. Highlights include:
-- Ramp is now during a initial apparatus block.
-- Drilling has tangible an additional 150 feet to a apparatus of the
approaching initial block.
-- Permitting has been finished for a 2013 enlargement of a Shafter
logging project.
-- The Merrill Crowe Equipment installed.
-- Refurbishing #46 missile for ventilation.
-- Assay Lab construction is roughly complete.
-- Concrete work was finalized in February.
-- Final projects to complete: Cyanide blending plant, room building,
beverage H2O complement and hooking adult to a electrical grid.
Summary
During Q1 2012, La Negra achieved record formula in china prolongation with a largest entertain of china prolongation in Aurcana’s history. La Negra augmenting prolongation to 2,000 tpd in midst April. The Shafter indent was consecrated during a commencement of April, 2012. Shafter will now ramp adult to 1,500 tpd ability within a subsequent 90 days. The Shafter Mine is now entirely permitted. Aurcana continues to concentration on a destiny growth.
Corporate
The Company’s shares are now also traded in a United States on OTCQX underneath a pitch “AUNFF”. Investors can find stream financial avowal and Real-Time Level 2 quotes for a Company on www.otcqx.com and www.otcmarkets.com.
About Aurcana Corporation:
The Shafter Silver Mine is scheduled to furnish 3.8 million ounces of china in a initial full 12 months of operation. It has an NI 43-101 Measured and Indicated Resource of 24.6 million ounces of china and an Inferred Resource of 22.8 million ounces of china regulating a 4.0 unit per ton cut off. The 99.9% owned La Negra silver-lead-zinc-copper cave constructed over 1 million ounces of contained china in 2011 and 287,486 ounces for Q1 2012.
The reader should be cautioned that a Company has not finished a feasibility investigate to endorse a projected prolongation ability for La Negra and there is no certainty a Company’s skeleton will be economically viable.
The systematic and technical information contained in this news recover per a Shafter Silver Mine has been reviewed by Ken Collison, P.Eng. Director of a Company, and a Qualified Person (“QP”) and systematic and technical information contained in this news recover per a La Negra Mine has been reviewed by Baltazar Solano, P.Eng. and a QP. as tangible by National Instrument 43-101 (Standards of Disclosure for Mineral Project)
ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION
Lenic Rodriguez, President CEO
For serve information, revisit a website during www.aurcana.com.
This news recover contains certain forward-looking statements, including statements per foresee china production, china grades, recoveries, intensity mineralization, scrutiny result, destiny skeleton and objectives of a Company and a business and approaching financial opening of a Company. These statements are forward-looking statements that engage several risks and uncertainties. These forward-looking statements include, though are not singular to, statements with honour to mining and estimate of mined ore, achieving projected liberation rates, approaching prolongation rates and cave life, handling efficiencies, costs and expenditures, changes in vegetable resources and acclimatisation of vegetable resources to proven and illusive reserves, and other information that is formed on forecasts of destiny operational or financial results, estimates of amounts not nonetheless determinable and assumptions of management.
Exploration formula that embody geophysics, sampling and cavalcade formula on far-reaching spacings might not be demonstrative of a occurrence of a vegetable deposit. Such formula do not yield declaration that serve work will settle sufficient grade, continuity, metallurgical characteristics and mercantile intensity to be personal as a difficulty of vegetable resource. A vegetable apparatus that is personal as “inferred” or indicated” has a good volume of doubt as to a existence and mercantile and authorised feasibility. It can't be insincere that any or partial of an “indicated vegetable resource” or “inferred vegetable resource” will ever be upgraded to a aloft difficulty of resource. Investors are cautioned not to assume that all or any partial of vegetable deposits in these categories will ever be converted into proven and illusive reserves.
Any statements that demonstrate or engage discussions with honour to predictions, expectations, beliefs, plans, projections, objectives, assumptions or destiny events or opening (often, though not always, regulating difference or phrases such as “expects” or does not expect”, “is expected”, anticipates” or “does not anticipate” “plans”, “estimates” or “intends” or saying that certain actions, events or formula ” may”, “could”, “would”, “might” or “will” be taken, start or be achieved) are not statements of chronological fact and might be “forward-looking statements”. Forward-looking statements are theme to a accumulation of risks and uncertainties that could means tangible events or formula to materially differ from those reflected in a forward-looking statements.
Actual formula might differ materially from formula contemplated by a forward-looking statements. Important factors that could differ materially from a Company’s expectations include, among others, risks associated to ubiquitous operations, catastrophic scrutiny results, conclusions of mercantile evaluations and changes in plan parameters as skeleton continue to be polished as good as changes in steel prices, changes in a accessibility of appropriation for vegetable scrutiny and development, amazing changes in pivotal government crew and ubiquitous mercantile conditions. When relying on forward-looking statements to make decisions, investors and others should delicately cruise a foregoing factors and other uncertainties and should not place undue faith on such forward-looking statements. The Company does not commence to refurbish any forward-looking statements, verbal or written, done by itself or on a behalf. Accordingly, readers should not place undue faith on forward-looking statements.
Neither a TSX Venture Exchange nor a Regulation Services Provider (as that tenure is tangible in a policies of a TSX Venture Exchange) accepts shortcoming for a endowment or correctness of this release.