Exploring Mining Podcast- Investor Ideas Talks to CEO of Aurcana Silver Corporation

Point Roberts, Washington and Delta, British Columbia–(Newsfile Corp. – July 13, 2021) – Investorideas.com, a global investor news source covering mining and metals stocks, releases today's edition of Exploring Mining Podcast, featuring an exclusive interview with the President, Chairman and CEO of Aurcana Silver Corporation (TSXV: AUN) (OTCQX: AUNFF).

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Investorideas caught up with Kevin Drover, President, Chairman and CEO of Aurcana Silver Corporation (TSXV: AUN) (OTCQX: AUNFF), who explained that the company's flagship Revenue-Virginius polymetallic mine in Ouray, Colorado is making significant headway with great expectations in the coming months.

"We're well on our way to getting ourselves back into production," he said. "We're looking at right around the end of this month for starting back again and being cash flow positive in September. And of course, one of the things that we were all waiting for here is our underground mine development – to be able to access our ore body, or in our particular case, it's a vein system."

Aurcana recently reported results of the first assays after accessing the Virginius Vein. Drover explained how they exceeded the company's expectations.

"We are very pleasantly surprised that the grades are quite good," he said. "We're looking at an average grade on the vein of about 38 ounces per tonne and the vein width is at 2.5 feet. In this particular area of the vein we were expecting about a 1.4 foot width and I think about 24 ounces per tonne of silver, so it's very good to see those higher assays and we're quite excited. Within that 2.5 feet, we also have about 0.6 feet of almost 86 ounces per tonne, so very high grade material."

Drover also affirmed the company's robust cash position, at present.

"[Our] cash position as of today is about $23 million," he said. "We certainly expect that we will not have to go back to the market for any further funding. It looks like we have a very good cushion of somewhere around $12-$15 million."

Drover outlined Aurcana's roadmap toward full production of 270 short tonnes per day (stpd), by this September.

"We're looking at putting first ore through the mill in late July and ramping up production through the month of August," he said. "We said we'd be between 110-115 tonnes per day during the month of August and being at full production – as per our feasibility study – of 270 tonnes per day in September. And at the same time in September, we expect to be cash flow positive as well."

As well as Revenue-Virginius, Drover noted that Aurcana looks forward to activating its Shafter silver project, in Presidio County, southwest Texas.

"Beyond that, we're looking at organic growth," he said. "And of course, in 2023 we hope to have the Shafter project come online and add an additional 2.50-3 million ounces and get us into that mid-tier producer status."


Aurcana Silver Corporation owns the Revenue Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary mineral resource at both the Shafter-Presidio Project and the Revenue Mine is silver. Both are fully permitted for production.

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Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors. Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea's original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast , Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and the AI Eye Podcast.

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By Matt Earle

Matthew Earle is the Founder of MiningFeeds. In 2005, Matt founded MiningNerds.com to provide data and information to the mining investment community. This site was merged with Highgrade Review to form MiningFeeds. Matt has a B.Sc. degree with a minor in geology from the University of Toronto.

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