Aurcana Corp.

Published : April 11th, 2008

Intersects 8.15 Metres of 420 Grams per Tonne Silver and 1.59 percent Copper

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News Release
Friday, April 11, 2008
Aurcana Intersects 8.15 Metres of 420 Grams per Tonne Silver and 1.59 percent Copper

Confirms High Grade Silver - Copper in Cristo Rey

Aurcana Corporation ("Aurcana" or the "Company". TSX-V.AUN) is pleased to report high grade assay results from six Diamond drill holes that are part of an ongoing 15,000 meter underground exploration program at its 1,000 tonne per day La Negra Mine, Queratero State, Mexico. The work has been focused in the Alacran -- Cristo Rey area, where the drilling is confirming positive historical drill results.

The intersections listed in the chart below confirm the presence of the Cristo Rey high grade silver copper zone which is a near vertical zone controlled by a felsic dyke (Cristo Rey dyke). Other significant intersections associated with the Cristo Rey dyke are presently interpreted to be part of the Luisa manto which emanates from the dyke at a shallow angle. Intersections of the Luisa manto are listed separately below. A number of additional promising intersections are thought to represent new zones, and additional drilling will be targeted at these areas in order to determine their continuity.

Cristo Rey Zone - Assay Results

Hole Number From
(metres)
To
(metres)
Length
(metres)
Silver
(Ag)
Lead
(Pb)
Zinc
(Zn)
Copper
(Cu)
LYA - 01 50.35 55.95 5.60 184.00 0.70 2.46 0.68
Incl. 50.35 52.30 1.95 241.00 0.86 5.52 1.56
LYA - 02 56.35 59.00 2.65 240.00 1.27 6.80 0.90
LYA - 03 56.65 64.80 8.15 420.00 1.81 5.55 1.59
LYA - 07 58.15 60.30 2.15 306.00 1.08 7.83 1.57

Manto Luisa - Assay Results

Hole Number From
(metres)
To
(metres)
Length
(metres)
Silver
(Ag)
Lead
(Pb)
Zinc
(Zn)
Copper
(Cu)
LYA - 02 86.70 89.60 2.90 202.00 0.84 2.29 1.24
LYA - 04 62.15 64.5 2.35 350.00 4.00 8.97 0.37
  70.10 81.80 11.70 241.00 1.32 1.65 2.17
Incl. 70.10 75.70 5.60 346.00 0.87 1.57 4.34
LYA - 05 64.30 67.70 3.40 143.00 0.21 2.81 2.29
LYA - 07 62.35 70.10 7.15 214.00 0.78 3.22 1.60

New Zones - Assay Results

Hole Number From
(metres)
To
(metres)
Length
(metres)
Silver
(Ag)
Lead
(Pb)
Zinc
(Zn)
Copper
(Cu)
LYA - 03 89.75 93.60 3.85 151.00 2.16 3.83 0.22
  173.60 177.90 4.30 101.00 0.40 4.83 0.62
  196.35 199.95 3.60 133.00 0.65 4.93 0.70
LYA - 05 108.10 110.80 2.70 90.00 0.08 0.20 2.07
LYA - 07 97.85 99.10 1.25 316.00 1.06 6.86 0.75

The exploration program at the La Negra Mine is now emphasizing silver -- copper rich areas such as Cristo Rey as a result of near record silver and copper prices. The Cristo Rey zone has now been intersected down to the 1900 level and along with the Luisa manto represents an area of well above average silver -- copper values. An access ramp is already developed down to the 1970 level, and development work is continuing to advance the ramp for future production.

About Aurcana Corporation:
Aurcana Corporation is a Canadian mining company listed on the TSX Venture Exchange, symbol AUN. Aurcana is an emerging primary silver producer with the acquisition of 100% of the Shafter silver mine, in Presidio County, Texas. Shafter is planned for start up in 2009 with silver production of 3.2 million ounces. The 80% owned La Negra silver-lead-zinc-copper mine in Queretaro State, Mexico, operates at 1,000 tonnes per day. The 100% owned Rosario silver-lead-zinc-gold mine in Sinaloa State, Mexico, is advancing to commence production at a planned rate of 800 tonnes per day in 2009. The reader should be cautioned the Company has not completed feasibility studies confirming the projected production capacity for La Negra, Shafter or Rosario and there is no certainty the Company's plans will be economically viable.

Aurcana, together with its proven production team, is 100% committed to restoring and restarting the historical Shafter silver mine at the earliest opportunity. Additionally, aggressive exploration programs are being carried out at the La Negra Mine and the Rosario Mine in order to increase historical reserves and resources. With success, this could lead to further increases in silver production. Aurcana, while committed to its current projects, continues to seek and evaluate additional high quality, producing or near producing silver projects

Ron Nichols, P.Eng. a Director and Vice President of Exploration for Aurcana, and a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this release.


ON BEHALF OF THE BOARD OF DIRECTORS OF
AURCANA CORPORATION
"Ken Booth", President

For further information, please visit the website at: www.aurcana.com
Or contact:

Ken Booth, President or
Jack Barnes, Investor Relations
Aurcana Corporation
Phone: (604) 331-9333
Toll Free: (866) 532-9333
Fax: (604) 633-9179
Email: jbarnes@aurcana.com



Caution Regarding Forward-Looking Statements -- This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include unsuccessful exploration results, changes in metal prices, changes in the availability of funding for mineral exploration and development, unanticipated changes in key management personnel and general economic conditions. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this Release.

 
 
Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

Aurcana Corp.

PRODUCER
CODE : AUN.V
ISIN : CA0519185064
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Aurcana is a silver development stage company based in Canada.

Aurcana produces silver, copper, lead and zinc in Mexico, and holds various exploration projects in Mexico.

Its main assets in production are LA NEGRA and SHAFTER in Mexico.

Aurcana is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.7 millions as of today (US$ 1.4 millions, € 1.2 millions).

Its stock quote reached its highest recent level on October 31, 1997 at CA$ 9.92, and its lowest recent point on November 11, 2022 at CA$ 0.01.

Aurcana has 84 740 000 shares outstanding.

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In the News and Medias of Aurcana Corp.
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TSX-V (AUN.V)Other OTC (AUNFF)
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