Aurcana Corporation ("Aurcana" or the "Company") is pleased to announce the appointment of Mr. Nils von Fersen P. Geo. to the position of Exploration Manager for the Company. Mr. von Fersen has over 30 years experience working internationally and in Canada with major companies including Kidd Creek Mines and Falconbridge, and several junior mining companies in various technical and senior management positions. His first priority focus will be the Rosario Project located in Sinaloa State, Mexico.
"We are very pleased to have Mr. von Fersen join us at Aurcana. Finding experienced people with a solid understanding of Mexico can be a challenge. Nils von Fersen is a tremendous addition to the Aurcana team." Stated Mr. Ken Booth, President Aurcana Corporation
For clarification in future news releases, the Rosario Mine and/or Rosario property as it has
been referred to in the past, will be renamed the Rosario Project. This encompasses all mineral concessions including the historic producer, the Plomosas Mine, formally referred to as the Rosario Mine. The La Cruz Area and/or La Cruz Mine referenced to previously will now be referred to as the La Cruz Adit.
Aurcana Corporation remains committed to becoming a mid-tier base/precious metals producer. The Company is focused on the acquisition, development and operation of silver, zinc and copper mines with good infrastructure and ore reserves/resources requiring minimal time and money to re-start. The company continues to pursue and evaluate other high quality, producing or near producing projects, with the acquisition of any or all of these advanced stage projects, present and proposed cash flow will increase significantly.
With $12-$15 million in cash flow expected from the 1,000 tonnes per day production established currently and an additional 800 tonnes per day being added in 2009, aggressive exploration programs underway on two projects, a strong balance sheet together with a positive outlook for the price of commodities, the future is very promising for Aurcana and its shareholders.
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 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.