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Aurcana Silver (TSXV:AUN) ships first ore concentration production

Mining
TSXV:AUN
23 December 2021 12:30 (EDT)

Source: Aurcana Silver

Aurcana Silver has shipped its first concentrate production from its wholly-owned Revenue-Virginius Mine, located in Ouray, Colorado, USA.

Aurcana Silver (AUN) continues to mine high-grade ore despite reduced underground capacity.

The lack of consistent ore feed from the mine has created a bottleneck to optimizing processing performance.

The near-term operating plan is to mine the two available stops and create a stockpile, to restart the plant again during early January.

Some important milestones have been achieved. The grade on the 1800 level based on assay results from samples, shows the grade is as expected or better when compared against the geological model.

The Revenue-Virginius mine has proved that the resue mining method works well for this ore-body in both dilution and geotechnical control features.

Aurcana Silver has announced that Brian Briggs has resigned from the position of CEO of Aurcana Silver and Ouray Silver Mining.

Aurcana Silver is a silver production company, that owns the Revenue-Virginius mine in Colorado and the Shafter-Presidio Silver project in Texas.

Aurcana Silver (AUN) is down 2.35 per cent at C$0.41 per share at 12:03 PM EST.

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