Aurcana reports production results for the 3. quarter
Vancouver, British Columbia, 21. October 2013- Aurcana Corporation ("Aurcana" or the "Company") (TSXV: AUN, OTCQX: AUNFF) announces its production result for the 3. Quarter 2013 known.
IMPORTANT PRODUCTION NUMBERS FOR OPERATION LA NEGRA
• Total silver equivalent was 3. 2013 quarter around 748.294 ounces, an increase of 4% over 718.063 ounces in 3. Quarter 2012 matches.
• The amount of processed ore was in 3. 2013 quarter around 221.118 tons, an increase of 12% compared to the 3. Quarter 2012 achieved amount equivalent to 196.843 tons.
• The amount of mined ore was 3. 2013 quarter 207.458 tons, which represents an increase of 6% compared to the 2012 in the same quarter of 196.401 tons.
• Total silver equivalent silver in the first 9 months of 2013 was approximately 2.158.858 ounces, an increase of 14% over 1.899.280 ounces silver equivalent in the same period last year.
• The total amount of ore processed in the first 9 months of 2013 was approximately 626.586 tonnes, which represents an increase of 24% over 504.005 tonnes of processed ore in the same period last year.
• The total amount of mined ore in the first 9 months of 2013 was around 656.988 tonnes, an increase of 39% over 472.557 tonnes of mined ore in the same period last year.
Current situation in the mine La Negra
In the 3. Quarter 2013 were processed at La Negra average 2.622 tons per day (t / d). The lower-than-expected throughput rate in the quarter is attributable to machine downtime and unusually heavy rainfall that has hampered the mining operation.
During the quarter, La Negra mainly processed the more accessible higher-grade copper and zinc zones, resulting in higher yields of copper and zinc concentrates. As a result, the existing copper and zinc filter presses had to be retrofitted. New larger filter presses for copper and zinc concentrate have already been ordered in the 4. Quarter 2013 should be put into operation.
Due to these improvements and the planned repairs of plant parts should start from the 1. 2014 quarter long-term higher production rates of around 3.000 tonnes per day may be possible. In the meantime, the throughput rate in the 4. Quarter 2013 is expected to settle at around 2.200 tonnes per day.
Mine development continued in the quarter, with the goal of opening new areas and continuing to achieve higher production rates in the future. As a result, a larger ore fraction was extracted from the development zones, resulting in greater dilution. The maximum level of ores processed in the quarter was therefore below the historical average. For 2014, it is planned to advance to higher silver mineralization zones in the upper reaches of La Negra Mine. For this, mine shafts and ventilation systems have to be built, with their construction after delivery of the necessary drilling equipment in the 1. Quarter 2014 is started.
Current situation at the mine Shafter
After successfully completing the 50 million dollar funding in September 2013, Shafter is working on the necessary improvements to increase its capacity as planned to 1.500 tonnes per day in 2. Quarter 2014 increase.
Aurcana has made progress so far:
• Two new filter presses for the processing residues with a filter capacity of up to 1.500 tonnes per day have been built and are now in regular operation.
• Three new filter presses for the precipitants have also been built, and commissioning is currently taking place in the refinery.
• A new, on-site retort oven is expected to ship to 2013 in December.
• Underground development with the support of a contractor is progressing.
• A countercurrent decanter (CCD) is currently being built, which is expected to be in the 2. Quarter 2014 is completed.
• New staff are recruited on an ongoing basis to expand the workforce with more highly skilled workers.
About Aurcana Corporation
Aurcana Corporation is a primary silver producer with two mining operations, La Negra in Mexico and Shafter in the US state of Texas. With its existing mining operations, the company is well positioned to grow organically and become a leading silver producer.
About the Company
Its shares are traded on the OTCQX market in the United States under the symbol "AUNFD". Investors will find the latest financial data and the performance of the Company in the Realtime Level 2 chart at www.otcqx.com and www.otcmarkets.com.
"Lenic Rodriguez"
___________________________
Lenic Rodriguez, President & CEO
AURCANA CORPORATION
For more information, please contact:
Lenic Rodriguez, President & CEO
Catalin Chiloflischi, Corporate Communications Director
Tel: (604) 331-9333
toll-free tel: (866) 532-9333
Fax: (604) 633-9179
Email: ppgad@pucrs.br
www.aurcana.com
Andrew Kaczmarek, in his role as Qualified Person (under the National Instrument 43-101) and Company CEO, has reviewed and approved the scientific and technical information contained in this release.
The TSX Venture Exchange and its regulators (referred to in the Articles of Association of the TSX Venture Exchange as Regulation Services Providers) accept no responsibility for the adequacy or accuracy of this announcement.
Press Release-13-32
This press release contains certain forward-looking statements. These include statements on throughput rates at the La Negra and Shafter operations, the retrofits and repairs in the La Negra and Shafter projects, possible mineralization, exploration results, future plans and targets, as well as operations and expected results of operations company. These statements are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements on mining and processing of mined ore, achievement of planned recovery rates, mine production and mine life, operational efficiency, costs and expenditures, changes in material resources and conversion of resources into proven and probable reserves, and others Information based on forecasts of future operating or financial results and estimates of unidentifiable and management-accepted figures. Estimates of the future throughput rate at the La Negra and Shafter processors are based on the following factors and assumptions: (i) mine development and successful intersection of alleged ore zones provide the loading required for the processing plant; (ii) that the required machinery and equipment are available, or that the necessary repairs are carried out to ensure the planned running times for the utilization of the production operation; (iii) that there are no catastrophic machine failures; (iv) there are no shortages or power outages; (v) there are no delays in the receipt, installation and commissioning of parts of the system which are necessary for the planned production quotas; and (vi) that the required number of qualified and experienced employees can be recruited and permanently available.
Exploration results, which include results from geophysical surveys, sampling and drilling at long intervals, are not necessarily indicative of the existence of a mineral deposit. Such results do not guarantee that the ore grades, continuities, metallurgical properties and economic potentials identified in future activities will be sufficient to qualify for mineral resources. Resources classified as inferred or indicated resources are subject to great uncertainty as to their existence and their economic and legal feasibility. It must not be assumed that inferred or indicated resources, or even parts of them, will ever be upgraded to a higher resource category. Investors must not assume that all mineral deposits of these categories, or even parts thereof, will ever be converted into proven and probable reserves.
Statements that explicitly or implicitly relate to forecasts, expectations, assumptions, plans, goals, assumptions, or future events or performance (which are frequently, but not always, expressed in words or phrases such as "expected" or "not expected", are expected "," Assumes "or" does not assume, "" plans, "" estimates, "" intends, "to be expressed, or expressed by any statement that" events, "" results, "or" results "Are"), are not historical facts and could be "forward-looking statements". Forward-looking statements involve a variety of risks and uncertainties that could cause actual events or results to differ materially from those expressed in forward-looking statements.
Actual results may differ materially from those contained in the forward-looking statements. Important factors that could differ materially from the Company's expectations include: risks associated with international operations, failure in exploration, provision of equipment by suppliers, availability of skilled labor, conclusions based on economic analysis, changes in environmental performance Project parameters in the course of detailed planning, a change in metal prices, changes in the financing of mineral exploration and development activities, unexpected personnel changes in corporate governance and the general economic situation. Investors and others, when relying on forward-looking statements when making their decisions, should take sufficient account of the factors and other uncertainties set out above, and should not place undue reliance on such forward-looking statements. The Company does not intend to update any forward-looking statements made by the Company itself or on behalf of the Company in an oral or written form, except as required by applicable securities laws. Readers are cautioned not to rely unreservedly on forward-looking statements.
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