Aurcana Silver Corporation (TSXV: AUN) (OTC: AUNFF) 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.
Aurcana Silver Corporation
Suite 850, 789 West Pender Street
Vancouver BC, Canada
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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.
President, CEO and Director
Mr. Drover has more than 40 years of both domestic and international experience in operations, project development, management and process re-engineering, with both developing and producing companies.
Mr. Drover was the Chief Operating Officer of Glencairn Gold Corporation, responsible for two gold mining operations located in Latin America. Prior to joining Glencairn, he was the Vice President of Operations for Kinross Gold Corporation, overseeing six operating mines located in various parts of the World. He has considerable experience in turning around challenging projects and has worked in operations located in Canada, Russia, Peru, Nicaragua, Costa Rica and the USA.
During his career, Mr. Drover also worked for Oracle Mining, Black Hawk Mining, Lac Minerals, BP Canada Resources, Noranda Mining, Dome Mines and The Iron Ore Company of Canada.
Mike is a mining professional with over thirty years of experience in hard rock mining across both underground and surface mining and processing. He has a managerial track record of success in multiple precious and base metal companies, specifically with narrow vein mines in the United States. He brings with him an experienced team of seasoned miners.
Chief Operations Officer
Professional Engineer (CO & WY) with 30 years of mining industry experience in both underground and surface mine development and operation. Mining experience from exploration, feasibility study, construction to production. Significant enviromental work and rehabilitation of mine sites. Previous senior management roles President/CEO and General Manager in domestic and international organizations. BS in Mining Engineering and MS in Agricultural engineering for University of Wyoming. 6th generation mining engineer form Ouray, Colorado.
Charles (Buck) Andrews
Chief Financial Officer
Charles has a Degree in Accounting from Midwest College, a BS Accounting from Regis College. Charles has significant experience in the mining industry having previously held senior positions with such companies as Rosemont Copper, Queenstake Resources and PolyMet Mining. He is also a certified Information Systems Auditor (CISA).
Mr. Practico is a Professional Geologist with more than 45 years of experience. He is responsible for all aspects of geological data management as well as resource estimation calculations. Further, he manages the Company's geology staff, mine engineering staff, consultants and mineral property tenure.
Donna M. Moroney
Donna Moroney is President of Wiklow Corporate Services Inc., a Vancouver company that provides corporate secretarial services and other services to public companies. She has over 30 years of extensive experience in regulatory and corporate compliance in both Canada and the United States, and as a senior officer for various public companies, and has instructed and provided training in regulatory compliance.
Aurcana owns 100% of the Revenue-Virginius mine (via Ouray Silver Mines, Inc.) and 100% of the Shafter silver project.
The Revenue Virginius mine last operated in 2015. It is located in southwestern Colorado about 5.5 miles southwest of the town of Ouray, via County Road 361. Ouray is easily accessible from Montrose Airport (36 miles north) or 5.5 hour drive from Denver.
Operation is year-round and it is close to local communities. Infrastructure is excellent and there is access to local housing for miners in the surrounding communities.
Aurcana acquired the Renveue-Virginius mine (via its acquisition of Ouray Silver Mines, Inc.) in December 2018 with the intention of starting up mining as soon as financing is secured. The mine originally operated in the late 1880's until 1915 when it closed down due to the mill burning down, at that time the owner turned his focus to his gold mines. In the 1930's, 40's, 60's and 80's, sporadic exploration work was conducted by Federal Resources and Ranchers Explorations groups. In 1994, Sunshine Mining & Refining acquired the property and began extensive exploration work. Ownership then changed to Star Resources and then Fortune Minerals who both invested heavily in the property. In 2011, a new $50 million mill was built underground at the Revenue Virginius site. The mine last operated in 2015 and is fully permitted for immediate production.
In June 2018 an updated full feasibility study was completed.
The Shafter silver project is 375 km southeast of El Paso, in Presidio County, southwest Texas, within a historic mining district. The site has excellent infrastructure, both in terms of year-round access via a paved highway, upgraded utility power and mine site facilities.
Silver from the Presidio Mine was mined from 1883 until 1942 when it was closed due to declining silver prices and the War Act. In the late 1970's Gold Fields discovered a previously unknown deep extension to the Presidio, which remains un-mined and is the primary objective of Aurcana's development plans.
In 2008 Aurcana acquired the Shafter Silver Project and in 2011 commenced re-development of underground access as well as construction of mill and mine facilities. In December 2013 the operation was put on care and maintenance.
In September 2018, an updated Preliminary Economic Assessment was released and the project is fully permitted. Shafter Preliminary Economic Assessment
Shafter Silver - Gallery
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