Aurcana Corporation ("Aurcana" or the "Company"), is pleased to announce that work at the Rosario property, located 94 km east of Mazatlan, Sinaloa State, is well underway. Aurcana has an option to earn a 100% interest in Rosario from Grupo Mexico. The first task is to enter all of Grupo Mexico's mine data into a digital format. Once this step is completed, all of the important underground targets will be evaluated and prioritized in order to begin a diamond drill program that will add to the historical reserves in the La Cruz mine and on the San Juan vein. (Historical reserves announced in news release dated Feb. 8, 2007)
In the La Cruz mine area, extensions to the Plomosas and Plomositas vein will be targeted along with two stock work zones that have also been outlined. A zinc-lead stock work zone has historically reported proven, probable, and inferred tonnage of 311,165 tonnes grading, 4.16 % zinc, 2.96 % lead, 1.26 g/t gold and 40 g/t silver. Additionally, a silver stock work zone historically reports an inferred tonnage of 114,477 tonnes with 289 g/t silver, 1.11 % zinc, and 0.93 % lead. These stock work zones are thought to have potential for significant tonnage expansion.
Exploration work in the San Juan vein area will include exploring the known zone at San Juan to depth. Diamond drill testing will also evaluate the San Francisco vein which is interpreted to be an extension of the San Juan vein. Surface sampling by Grupo Mexico has traced the vein along strike for 600 metres, and has historically reported results including 3.02 g/t gold and 314 g/t silver over 1.6 meters, and 0.34 g/t gold and 574 g/t silver over 1.7 metres.
On the property scale at Rosario, a review of the historic data from past surface exploration work is also underway in order to prioritize prospective surface targets for follow up work this year. Some specific targets which have been outlined by geology, geochemistry and geophysics and are drill ready include the La Chorreras and La Rastra areas.
Work initiated by Aurcana this year includes an Ikonos satellite image which covers the entire property and will be used to create a regional structural interpretation of the Rosario area. The interpretation will attempt to identify the favourable structural trends which control the distribution of the productive veins in the area. In addition a number of other data sets including an Aster alteration study, along with regional aeromagnetic and topographic data will compliment the Ikonos imagery by identifying alteration features that coincide with these potentially favourable structural patterns.
Aurcana is a Canadian junior mining company listed on the TSX Venture Exchange, symbol: AUN. The Company is currently in production and remains focused on the acquisition, development and operation of silver, zinc and copper mines with good infrastructure and ore reserves/resources that require minimal capital and time to re-start.
Ron Nichols, P.Eng, a Director and Vice President of Exploration 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
"Ken Booth", President
For further information, please contact:
Ken Booth, President or
Colin Farr, Investor Relations
Phone: (604) 331-9333
Web site: www.aurcana.com
The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this Release.