Aurcana Corporation ("Aurcana" or the "Company") announces that is has filed its Annual Audited Consolidated Financial Statements for the year ended December 31, 2007 and the related Management Discussion and Analysis and complete details are now available on SEDAR and the Company's website www.aurcana.com.
Highlights of the 4th Quarter December 31, 2007 results are:
Overall the picture of the fourth quarter speaks to the ongoing progress at the La Negra mine, with the Company recording its first net profit of $233.375. Aurcana continues to commit resources to improving the equipment and developing the La Negra mine. Most of the equipment ordered in the fourth quarter has now arrived and the Company is seeing the efficiencies from these additions.
About Aurcana Corporation:
Aurcana Corporation is a Canadian mining company listed on the TSX Venture Exchange, symbol AUN. With the recent announcement regarding the acquisition of the Shafter silver mine, Presidio County, southwest Texas, the Company looks to become an emerging primary silver producer. Aurcana also owns 80% the silver-copper-zinc La Negra mine operating at 1,000 tonnes per day and 100% of the Rosario silver-lead-zinc mine in Sinaloa State, Mexico. While committed to its current projects, Aurcana continues to seek and evaluate additional high quality, producing or near producing silver projects. The reader should be cautioned the Company has not completed feasibility studies confirming the projected production capacity for La Negra and Rosario and there is no certainty the Company's plans will be economically viable.
ON BEHALF OF THE BOARD OF DIRECTORS OF
"Ken Booth", President
For further information, please contact:
Ken Booth, President or
Jack Barnes, Investor Relations
Phone: (604) 331-9333
Web site: www.aurcana.com
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. 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.
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.