Aurcana fortsätter leverera

Aurcana fortsätter leverera stark framgång vid både La Negra och Shafter. Det ser mycket bra ut det här.

Aurcana Reports: Record Silver Production at La Negra Mine

La Negra Highlights

-- The upgrade of the La Negra mill was completed on March 30, 2012, increasing production from 1500 tpd to 2000 tpd, a 33% increase in capacity.
-- Aurcana continues to produce record results. Q1, 2012 silver production was the largest silver volume in Aurcana history producing 287,486 ounces of silver.
-- 29.3% increase in silver equivalent produced to 492,864 ounces in Q1 2012 compared to 381,146 ounces in Q1 2011.
-- 18% increase in silver sales in Q1 2012 compared to 218,701 in Q1 2011.
-- La Negra mine has now completed its ramp up and is now milling at a rate
of 2,000 tpd +.

Now that the mill upgrade has been completed at La Negra to 2000 tpd, the expansion to 2500 tpd will begin with expectation of completing the expansion in 2013, capital expenditures will be minimal for the next expansion.

Shafter Mine

The Company commenced construction of the Shafter Mine in February, 2011 with an anticipated completion date of May 2012. The Company is 2 months early in completion of the mine and under budget. Highlights include:

-- Ramp is now at the first resource block.
-- Drilling has defined an additional 150 feet to the resource of the expected first block.
-- Permitting has been completed for the 2013 expansion of the Shafter milling project.
-- The Merrill Crowe Equipment installed.
-- Refurbishing #46 shaft for ventilation.
-- Assay Lab construction is almost complete.
-- Concrete work was finalized in February.
-- Final projects to complete: Cyanide mixing plant, warehouse building, potable water system and hooking up to the electrical grid.

Summary

During Q1 2012, La Negra achieved record results in silver production with the largest quarter of silver production in Aurcana's history. La Negra increased production to 2,000 tpd in mid April. The Shafter mill was commissioned at the beginning of April, 2012. Shafter will now ramp up to 1,500 tpd capacity within the next 90 days. The Shafter Mine is now fully permitted. Aurcana continues to focus on its future growth.