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Aurcana Announces Appointment of New Board Member
Published : February 12, 2013
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 12, 2013) - Aurcana Corporation ("Aurcana" or the "Company") (News - Market indicators)(OTCQX:AUNFF)(PINKSHEETS:AUNFF) is pleased to announce the appointment of a new board member.

Mr. Lenic Rodriguez, President & CEO of Aurcana Corporation states: "I am very pleased to announce the appointment of Mr. Arthur H. Ditto as a board member of Aurcana. Mr. Ditto's extensive mine operating experience, having served as President, CEO, and director of a number of major public mining companies, including Kinross Gold Corporation, will strengthen our leadership as we work to become a senior silver producer."

Board of Directors Appointment

Mr. Arthur H. Ditto, Director

Mr. Arthur H. Ditto is a professional mining Engineer with 40 years of experience in management, transactions, and corporate financing in the mining industry. A retired senior mining executive, Mr. Ditto served as President, CEO, and director of a number of major public mining companies including Kinross Gold Corporation, and Katanga Mining Limited.

From 2005 to 2008 he served as President, CEO and Director of Katanga Mining Limited. From 1993 to 2005 he served as a Director of Kinross Gold Corporation and was its President and COO until 2001. Mr. Ditto also served as Vice Chairman during 2002 and 2003. During this time, he was instrumental in the acquisition, restructuring and mine site expansion of Kinross Gold. The Company grew from one operation to as many as 14 units operating in the USA, Canada, Russia, Brazil, Chile and Africa and increased annual gold output from about 30 thousand ounces to about 1.6 million ounces of gold. Mr. Ditto has extensive background and experience in acquisitions, restructuring, as well as expanding business units.

Environmental and Socially Responsible Company Award

Aurcana is also pleased to announce that it was awarded the distinction of being recognized as an Environmental and Socially Responsible Company (ESR) by the Mexican Center for Philanthropy (CEMEFI), for its La Negra Mine operations in Mexico.

This prestigious award recognizes each year a select number of companies for taking the valuable voluntary and public commitments for the implementation of environmental and socially responsible management as well as continuous improvement as part of their culture, business strategy and day to day operations. This award reaffirms Aurcana's commitment to environmental and social responsibility as an integral part of its corporate strategy.

About Aurcana Corporation

Arcana Corporation is an emerging senior silver producer with two operating mines located in Mexico and Texas, United States.

La Negra Mine, Mexico, current installed capacity is 2,500tpd. In order to allow for an increase in future production, La Negra mine is now working to increase mill capacity to 3,000tpd by the end of Q1, 2013.

La Negra has a NI 43-101 M&I resource of 115.1 million (mm) oz silver, 1,418.7 mm lbs zinc, 539.5 mm lbs lead and 269.5 mm lbs copper and an Inferred Resource of 56.5 mm oz silver, 657.4 mm lbs zinc, 263.0 mm lbs. lead and 132.3 mm lbs copper.

Commissioning and mill testing of the Shafter Mine in Texas commenced on April 1, 2012 and commencement of commercial production was achieved in December 2012. The Shafter Silver Mine, according to the data from the published feasibility study, is expected to produce 3.8 million ounces of silver over 12 months once ramp up to its 1,500tpd capacity is completed.

Shafter has a NI 43-101 M&I Resource of 23.9 mm oz of silver and an Inferred Resource of 22.8 mm oz of silver. (All National Instrument 43-101 technical reserve reports can be found on SEDAR at: www.sedar.com). Aurcana continues to focus on its future growth.

Corporate

The Company's shares are also traded in the United States on OTCQX under the symbol "AUNFF". Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.

ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION

Lenic Rodriguez, President & CEO

NR-13-4

The scientific and technical information contained in this news release regarding the Shafter Silver Mine has been reviewed by Dr. Sadek El-Alfy, PhD, Vice President Operations, a Qualified Person ("QP") according to the definitions of NI 43-101.

Baltazar Solano-Rico and Betty Gibbs have reviewed the technical information reported in the National Instrument 43-101 technical reports regarding the La Negra Silver Mine. All National Instrument 43-101 technical reports can be found on the Company's website at www.aurcana.com or on SEDAR at www.sedar.com.

Baltazar Solano-Rico (M.Sc., Geol. Eng.) and Mrs. Betty Gibbs (E.M., MSc.) of Behre Dolbear are the independent Qualified Persons pursuant to NI 43-101 for the Company. Mr. Nils von Fersen (PGeo), Vice President, Exploration is also certified Qualified Person of the company. The technical contents of this release have also been reviewed by Nils von Fersen for QP technical disclosures. 

This news release contains certain forward-looking statements, including statements regarding forecast silver production, silver grades, recoveries, potential mineralization, exploration result, future plans and objectives of the Company and the business and anticipated financial performance of the Company. These statements are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.

Exploration results that include geophysics, sampling and drill results on wide spacings may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classified as a category of mineral resource. A mineral resource which is classified as "inferred" or indicated" has a great amount of uncertainty as to its existence and economic and legal feasibility. It cannot be assumed that any or part of an "indicated mineral resource" or "inferred mineral resource" will ever be upgraded to a higher category of resource. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into proven and probable reserves.

Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or does not expect", "is expected", anticipates" or "does not anticipate" "plans", "estimates" or "intends" or stating that certain actions, events or results " may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements". Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements. 

Actual results may differ materially from results contemplated by the forward-looking statements. Important factors that could differ materially from the Company's expectations include, among others, risks related to international operations, unsuccessful exploration results, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as 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. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Aurcana Corporation
Lenic Rodriguez
President and CEO
(604) 331-9333 or Toll Free: (866) 532-9333
or
Aurcana Corporation
Catalin Chiloflischi
Corporate Communications Director
(604) 331-9333 or Toll Free: (866) 532-9333
(604) 633-9179 (FAX)
ir@aurcana.com
www.aurcana.com
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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.
1/7/2010Aurcana Corp. (Tsxv: Aun): New Recommendation
Annual reports of Aurcana Corp.
2008 Annual Report
2007 Annual Report
Financings of Aurcana Corp.
6/20/2014Closes $5,060,000 Equity Financing
6/14/2013Amends Warrants Expiring June 30, 2013
7/23/2010Closes Non-Brokered Private Placement
6/24/2010To Conduct A Best Efforts Non-Brokered Private Placement
11/30/2009Closes Non-Brokered Financing For CDN$2,549,300
Option Grants of Aurcana Corp.
1/19/2009(Shafter)reports 350,000 stock options at a price of $0.13
Nominations of Aurcana Corp.
11/20/2013Appoints New Board Member
9/25/2013Appoints Andrew Kaczmarek as Interim COO
2/13/2013Announces Appointment of New Board Member
2/22/2011Adds Paul Matysek to the Board of Directors and Strengthens ...
7/6/2010Appoints Director
5/18/2010Appoints Chief Financial Officer
3/4/2010Appoints Financial Advisor
5/21/2009Appoints Lenic Rodriguez President and CEO
12/18/2008Appointment of Director
5/16/2008Appoints Vice President of Operations
Financials of Aurcana Corp.
11/28/2013Announces Date for Q3 2013 Financial Results Webcast and Tel...
8/30/2013Reports Q2 2013 Financial Results and Provides Update
8/23/2013Announces New Date for Q2 2013 Financial Results Webcast and...
7/25/2013Announces Q2 2013 Financial Results Webcast and Teleconferen...
5/13/2013Announces Q1 2013 Financial Results Webcast and Teleconferen...
4/12/2013Reports Year End Financial Results and Provides Operational ...
3/28/2013Announces Year End Financial Results and Operational Update ...
6/27/2011RETRANSMISSION: Aurcana Reports Record 1st Quarter Results
5/9/2011Reports Record 2010 Results
12/2/2009Reports Positive Third Quarter Results
9/3/2009Reports Positive Second Quarter Results
12/3/2008Reports Third Quarter Results
9/5/2008Reports Second Quarter Results
5/2/2008Files Annual Statements La Negra Mine Records Profit in Four...
Project news of Aurcana Corp.
4/3/2013(Shafter)Shafter 2012 Exploration Program Identifies Evidence for a L...
2/11/2013(La Negra)New Discoveries at Aurcana's La Negra Mine Indicates the Pre...
2/5/2013Bull & Bear's Resource Investor: Silver & Gold Forecasts; En...
1/24/2013(La Negra)La Negra Drill Hole Results Confirm High Grade Continuity in...
11/6/2012Bull & Bear's Resource Investor: Commodity Makets, Gold & Si...
7/11/2012(La Negra)Reports: Record Silver Production, up 54% at La Negra Mine; ...
3/31/2012(La Negra)to Commission Plant at Shafter Mine and Completes Mine Expan...
12/14/2011(La Negra)Discovers New Silver Mineralization at Depth at La Negra Min...
4/8/2011(La Negra)Announces Record Silver Production, La Negra Production Expa...
1/21/2011(Shafter)Commences Construction at Shafter Silver Mine
6/1/2010(La Negra)Expansion To 1,500 T/D At La Negra Mine Completed
2/16/2010(La Negra)NI 43-101 Report increases Maravillas Deposit Resources by 4...
6/30/2009(Shafter)Positive Pre-Feasibility for Shafter Silver Mine 7.75 Millio...
6/3/2009(La Negra)Takes Control of Operations at the La Negra Mine: Expansion ...
3/2/2009(Shafter)Scoping Study Upgraded to Pre-Feasibility: Consultant Hired ...
11/20/2008(La Negra)Shafter Silver Mine Timeline and Update; Additional Operatio...
7/31/2008(Shafter)47.4 Million Ounce Silver Resource at Shafter Silver Mine Co...
7/17/2008(Shafter)Finalizes Acquisition of Shafter Silver Mine
4/11/2008(La Negra) Intersects 8.15 Metres of 420 Grams per Tonne Silver and 1....
3/19/2008(La Negra) Adds Over 500,000 Tonnes In Monica Zone
Corporate news of Aurcana Corp.
5/2/2016Aurcana Files 2015 Annual Financial Statements
1/8/2016Aurcana Corporation Announces Completion of Restructuring Tr...
1/7/2016Aurcana Corporation Announces Completion of Restructuring Tr...
1/5/2016Aurcana Voluntarily Delists From OTCQX
12/18/2015Aurcana Corporation Update on Restructuring Transaction
12/1/2015Aurcana Reports Q3 2015 Financials And Provides Update on Re...
11/30/2015Aurcana reports 3Q loss
10/30/2015Aurcana Corporation Announces Commencement of CBCA Proceedin...
10/19/2015Aurcana Production Results for Q3 2015
10/16/2015Aurcana Corporation Announces Restructuring Transaction and ...
8/14/2015Aurcana reports 2Q loss
8/14/2015Aurcana Reports Q2 2015 Financials.
8/14/2015Aurcana Reports Q2 2015 Financials
7/14/2015Change of Auditor
7/3/2015Change of Auditor
4/14/2015Aurcana Reports 2014 Financial Results
3/25/2015Notice regarding the Proposed Class Action Settlement
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2/10/2015Aurcana Announces Settlement of Class Action
1/13/2015Aurcana Delivers Highest Quarterly Production in History in ...
12/16/2014Aurcana Board Update
12/3/2014Aurcana Announces New Mineral Resource Estimate for the La N...
12/1/2014Aurcana Reports 3rd Quarter Financial Results
10/27/2014Aurcana Sets New Production Record in Third Quarter
10/27/2014Aurcana Sets New Production Record in Third Quarter
10/10/2014S&P Dow Jones Indices Announces Quarterly Review of S&P/TSX ...
8/29/2014Aurcana Reports Q2, 2014 Financial Results
7/17/2014Aurcana Appoints New Board Member
7/10/2014Aurcana Announces New President & CEO
6/9/2014Aurcana Reports Voting Results of Annual and Special Meeting
5/30/2014Aurcana Reports Q1, 2014 Financial Results
5/9/2014Aurcana Announces Completion of Issuance of Debt Settlement ...
5/1/2014Aurcana Reports 2013 Financial Results
5/1/2014Aurcana Announces Completion of Transactions Under Amended C...
4/30/2014IIROC Trading Resumption - AUN
4/29/2014IIROC Trading Halt - AUN
4/7/2014Aurcana Reports 55% Increase in Silver Equivalent for First ...
2/6/2014Reports Fourth Quarter and 2013 Production Results
11/4/2013(Shafter)Shafter Update - Aurcana Appoints David Drips General Manage...
10/31/2013Provides Update
10/21/2013Reports Third Quarter Production Results
9/30/2013Announces Departure of VP Operations
9/20/2013Closes $50 million Loan Facility
9/11/2013Announces $5,000,000 Bridge Loan
7/25/2013(Shafter)letter: Shafter's New Miners Training Program Featured on CB...
7/10/2013Provides Corporate Update
6/28/2013Announces $50 million Loan Facility
6/26/2013Reports Voting Results of Annual and Special Meeting
6/7/2013Files Amended Technical Report
5/23/2013(La Negra)Clarifies That La Negra Mineral Resource Estimate Remains U...
5/16/2013Adopts Advance Notice Policy
4/15/2013Announces Share Consolidation Effective Apr 30, 2013
3/28/2013Announces Shareholder Approval of Share Consolidation
2/13/2013Announces Proposed Share Consolidation
1/25/2013letter: Aurcana CEO invited at CNBC Asia to talk about futur...
1/17/2013Reports Fourth Quarter and 2012 Year to Date Production Resu...
10/24/2012Investors Newsletter
10/18/2012(La Negra)Reports: Record Quarter of Silver Production, up 54% at La N...
10/18/2012(La Negra)Reports: Record Quarter of Silver Production, Up 54% at La N...
10/12/2012letter
10/11/2012(La Negra)Files Technical Report on Updated Resource Estimate for La N...
8/28/2012(La Negra)Announces Updated Resource Estimate for La Negra Mine
8/20/2012Reports Record Results for Q2, 2012
6/6/2012(Shafter)Commences Open Pit Mining at Shafter
6/1/2012(Shafter)Intersects High Grades in Shafter Surface Drilling
5/25/2012Reports: Record 1st Quarter Results
4/26/2012(La Negra)Reports: Record Silver Production at La Negra Mine
4/16/2012Reports Record 2011 Results
3/25/2011-Amends Convertible Debenture Terms
6/16/2010Reports 54% Higher Revenues in Q1, 2010 Compared To Q1, 2009...
5/6/2010Reports $3.8M Net Earnings
4/24/2010Announces US$40,000,000 Silver Backed Unit Offering
4/22/20102010 "Virtual" World Money Show
12/4/2009Closes Sale of Rosario Project
9/17/20092009 AGM Invitation
8/18/2009La Negra Corporate Update
5/25/2009Sells Rosario To Focus On Shafter Development
8/22/2008Annual General Meeting Reminder
7/7/2008Receives US$25 Million - Shafter Silver Mine Acquisition to ...
5/21/2008Reports 145 g/t Silver and 1.96% Copper over 23.5 meters
4/7/20082008 Calgary Resource Investment Conference
4/3/2008 Acquires Near Term Silver Production Project
2/26/2008Aurcana Moves to Expand and Mine Higher Grades at La Negra
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TSX-V (AUN.V)Other OTC (AUNFF)
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