Aurcana Corporation ("Aurcana" or the "Company") is pleased to announce that it is further strengthening its management team with the appointment of Mr. Andy Nichols, P. Eng. to the position of Vice President Operations. Mr. Nichols is a Professional Engineer with over 35 years of underground operations and engineering experience in Canada, Africa, Asia and Latin America.
Andy has operating supervision, engineering and management experience in underground mines including Cominco's Sullivan, Breakwater's El Mochito and Denison's Elliot Lake mines
Most recently Mr. Nichols was Chief Mining Engineer at Wardrop Engineering. He was instrumental in the preparation of Feasibility studies and detailed engineering that included mine design, stoping method selection, scheduling, cost modeling and financial evaluation for underground mines.
Mr. Nichols priorities will be to work with Aurcana's highly skilled team at La Negra and to oversee the development and production of Aurcana's Shafter mine.
Mr. Ken Booth, President Aurcana Corporation stated, "We are pleased to have Andy join our team. To have a seasoned management professional with the experience and stature of Andy join Aurcana speaks very highly to our commitment to grow Aurcana into becoming a mid-tier mining company."
About Aurcana Corporation:
Aurcana Corporation is a Canadian mining company listed on the TSX Venture Exchange, symbol AUN. The acquisition of 100% of the Shafter silver mine, in Presidio County, Texas, has transformed Aurcana into an emerging primary silver producer. Shafter is planned for start up in 2009 with silver production of 3.2 million ounces. Additionally, the 80% owned La Negra silver-lead-zinc-copper mine in Queretaro State, Mexico, operates at 1,000 tonnes per day and the 100% owned Rosario silver-lead-zinc-gold mine in Sinaloa State, Mexico, is also advancing towards production at a planned rate of 800 tonnes per day. The reader should be cautioned the Company has not completed feasibility studies confirming the projected production capacity for La Negra, Shafter or Rosario and there is no certainty the Company's plans will be economically viable.
Aurcana, together with its proven construction and operating team, is 100% committed to restoring and restarting the historical Shafter silver mine within 15 months. Additionally, aggressive exploration programs are being carried out at the La Negra Mine and the Rosario Mine in order to increase historical reserves and resources. With success, this could lead to further increases in silver production. Aurcana, while committed to advancing its current projects, continues to seek and evaluate additional high quality, producing or near producing silver projects
ON BEHALF OF THE BOARD OF DIRECTORS OF
"Ken Booth", President
For further information, please visit the website at: www.aurcana.com
Ken Booth, President or
Jack Barnes, Investor Relations
Phone: (604) 331-9333
Toll Free: (866) 532-9333
Fax: (604) 633-9179
Caution Regarding Forward-Looking Statements -- This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include unsuccessful exploration results, changes in metal prices, changes in the availability of funding for mineral exploration and development, unanticipated changes in key management personnel and general economic conditions. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this Release.