Vancouver, BC, November 9, 2012- Aurcana Corporation ("Aurcana" or the "Company") (TSXV: AUN, OTCQX: AUNFF) is pleased to announce that will hold a webcast and teleconference to discuss its third quarter 2012 financial results, on Tuesday, November 13, 2012.
Mr. Lenic Rodriguez, President&CEO of Aurcana Corporation will be providing investors with an overview of Aurcana's third quarter financial results, as well as an update on the La Negra and Shafter operations, followed by a 20 minutes questions period. The webcast and teleconference has been scheduled for 11.00am PST (2.00pm EST) on Tuesday November 13, 2012.
In order to respond to as many conference participants as possible, the Company has set aside 20 minutes for questions after CEO's presentation. While we will be making every effort to answer all questions during the call, we would like to encourage participants to contact Aurcana's Investors Communication Manager, Catalin Chiloflischi, by email or telephone, for any unanswered questions following the webcast.
The webcast can be accessed via the following link:
Conference call details
Conference date: 13-Nov-2012
Conference time: 11:00AM Pacific Time
Participant dial-in number(s): 416-340-2217 / 866-696-5910 / 800-8989-6336
Participant pass code: 1204452
The recorded webcast and the teleconference script will be posted to the Aurcana's website.
About Aurcana Corporation
La Negra Mine current installed capacity is 2,500tpd. In order to allow for an increase in future production, La Negra mine is now working to increase mill capacity to 3,000 tpd by end of Q1, 2013.
La Negra has a NI 43-101 M&I resource of 115.1 mm oz silver, 1,418.7 mm lbs Zn, 539.5 mm lbs Pb and 269.5 mm lbs Cu and an Inferred Resource of 56.5 mm oz silver, 657.4 mm lbs Zn, 263.0 mm lbs. Pb and 132.3 mm lbs Cu.
The Shafter Mine mill was commissioned on April 1, 2012 and is expected to commence commercial production in late Q4 2012. The Shafter Silver Mine is scheduled to produce 3.8 million ounces of silver over 12 months when is operating at 1,500tpd capacity.
Shafter has a NI 43-101 M&I Resource of 23.9 mm oz of silver and an Inferred Resource of 22.8 mm oz of silver.
(All National Instrument 43-101 technical reserve reports can be found on SEDAR at: www.sedar.com)
Aurcana continues to focus on its future growth
The Company's shares are also traded in the United States on OTCQX under the symbol "AUNFF". Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com andwww.otcmarkets.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF
"Lenic Rodriguez", President & CEO
For further information contact:
Lenic Rodriguez, President & CEO
Catalin Chiloflischi, Manager of Investor Communications
Phone: (604) 331-9333
Toll Free: (866) 532-9333
Fax: (604) 633-9179
The scientific and technical information contained in this news release regarding the Shafter Silver Mine has been reviewed by Ken Collison, P.Eng. Director of the Company, and a Qualified Person ("QP").
Baltazar Solano-Rico and Betty Gibbs have reviewed the technical information reported in the National Instrument 43-101 technical reports regarding the La Negra Silver Mine. All National Instrument 43-101 technical reports can be found on the Company's website at www.aurcana.com or on SEDAR at www.sedar.com.
Baltazar Solano-Rico (M.Sc., Geol. Eng.) and Mrs. Betty Gibbs (E.M., MSc.) of Behre Dolbear are the independent Qualified Persons pursuant to NI 43-101 for the Company. Ken Collison (P.Eng), one of the Directors of the Company and Nils von Fersen (PGeo), Vice President, Exploration are also certified Qualified Persons of the company. The technical contents of this release have been reviewed by Nils von Fersen for QP technical disclosures.
This news release contains certain forward-looking statements, including statements regarding forecast silver production, silver grades, recoveries, potential mineralization, exploration result, future plans and objectives of the Company and the business and anticipated financial performance of the Company. These statements are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.
Exploration results that include geophysics, sampling and drill results on wide spacings may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classified as a category of mineral resource. A mineral resource which is classified as "inferred" or indicated" has a great amount of uncertainty as to its existence and economic and legal feasibility. It cannot be assumed that any or part of an "indicated mineral resource" or "inferred mineral resource" will ever be upgraded to a higher category of resource. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into proven and probable reserves.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or does not expect", "is expected", anticipates" or "does not anticipate" "plans", "estimates" or "intends" or stating that certain actions, events or results " may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements". Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements.
Actual results may differ materially from results contemplated by the forward-looking statements. Important factors that could differ materially from the Company's expectations include, among others ,risks related to international operations, unsuccessful exploration results, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as 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. Accordingly, readers should not place undue reliance on forward-looking statements.