| Risk and valuation analysis of the SHAFTER Project |
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| Title(s) of the SHAFTER Project |
 | Aurcana Corp.
Owner: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| (Thursday, July 17, 2008 )
Aurcana Corporation ("Aurcana" or the "Company") is pleased to report that it has closed the acquisition of 100% of the Shafter silver mine from Silver Standard Resources Inc. as announced on April 3, 2008. |
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| Location of the SHAFTER Project |
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Shafter is located in the Trans-Pecos region of southwest Texas, 29 kilometers (18 miles) north of Presidio in Presidio County. Access and infrastructure are close with Highway 67 and a major power line crossing the property
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| History of the SHAFTER Project |
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First discovered in 1880, silver at Shafter was mined in the Presidio mine until 1942. A total of 33 million ounces of silver were recovered from 2.3 million tons of ore.
In 1977, Gold Fields Mining discovered the eastern extension of the Presidio more...
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| Geology of the SHAFTER Project |
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Silver mineralization (with minor lead, zinc and gold) at Shafter and the historic Presidio mine is hosted by the Mina Grande Formation limestone, a Permian reef formation, over approximately a three-mile length. The deposit is similar to the great carbonate-hosted silver deposits of northern Mexico, and may be a northern extension of those silver deposits.
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