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News Release
Tuesday, June 01, 2010
Expansion To 1,500 T/D At La Negra Mine Completed

The expansion of the La Negra mill capacity from 1,000 to 1,500 tpd (metric tons per day) is now completed and is expected to achieve a steady daily rate of over 1,250 tpd at the end of May and continue to ramp up to 1,500 tpd during the following weeks.

A new more efficient cyclone pack and a second ball mill have been added to the mill circuit, and the flotation circuit has been expanded with the addition of more conditioning and flotation tanks. All of these additions are now in operation.

The installation of ancillary equipment such as a 3rd fine ore bin, a second water tank, and optimization of grinding/flotation circuits are currently underway and will support the increase of the plant production capacity from 1,250 tpd to 1,500 tpd.

The La Negra mine is already producing at a higher tonnage rate which averaged 1,200 tpd in March and 1,280 tpd in April. Stockpiled ore, ready to haul to the mill at the end of April, consisted of 20,000 tonnes in the mine and 33,000 tonnes on surface.

The underground ore stockpile includes 8,000 tons of high grade material at the Maravillas Deposit, where contractor production of 300 tpd is now available, with the completion of the truck self-loading chute on the ore pass.

The Concentrate sales contract was renegotiated with improved terms that will take effect on June 1, 2010 and includes the following:

� Reduction in the amount deducted for assumed losses of concentrate due to handling during shipping and storage (Merma).
� Reduced port handling charges.
� Reduced treatment charges, with a metal price trigger

Collectively, these terms plus increased production will have a significant positive impact on the La Negra revenues, cash flow and profitability in 2010.

Aurcana President Mr. Lenic Rodriguez said "With Silver prices approaching a 2 year high the timing of this expansion is excellent, we are very proud of the La Negra team of engineers who have executed this complex expansion project at minimum cost, on time and on budget."

For more information on the La Negra expansion see the January 2010 independent article in Mundo Minero, Ampliacion en Mina La Negra, on the Aurcana website.

About Aurcana Corporation:
The Shafter Silver Mine is scheduled to start up production within 18 months of securing permits and financing, producing 3.9 million ounces silver in the first year. It has a NI 43-101 measured and indicated resource of 24.6 million ounces of silver (2,900,000 tons at 8.48Ag opt) and an inferred resource of 22.8 million ounces of silver (2,167,000 tons at 10.52 Ag opt) using a 4.0 ounce per ton cut off. The 92% owned La Negra silver-lead-zinc-copper mine is on target to increase production to over 2 million ounces Silver Equivalent annually when expansion to 1,500 t/d, is completed by mid year. Ron Nichols, P.Eng. a Director and Senior Vice President 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

"Lenic Rodriguez", President

For further information, visit the website at www.aurcana.com or contact:
Jack Barnes, Corporate Relations
Aurcana Corporation
Phone: (604) 331-9333
Toll Free: (866) 532-9333
Fax: (604) 633-9179
Email: jbarnes@aurcana.com
NR#10-08

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.

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.

 
 
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CODE : AUN.V
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Dans les médias de Aurcana Corp.
30/08/2012Analysts praise Aurcana's 115 million ounces silver
19/04/2011Sprott duo sue Aurcana over canceled $25M silver mine debt f...
05/03/2010Aurcana hires financial advisor
07/01/2010Aurcana Corp. (Tsxv: Aun): New Recommendation
07/12/2009Silvermex buys Aurcana's Rosario project
03/09/2009Aurcana posts C$2,8m Q2 profit
18/08/2009Aurcana studies optimisations at La Negra mine
Rapports annuels de Aurcana Corp.
2008 Annual Report
2007 Annual Report
Financements de Aurcana Corp.
14/06/2013Amends Warrants Expiring June 30, 2013
22/11/2010Announces $85 Million in Equity/Debt Financings
24/08/2010Completes Credit Facility Agreement
23/07/2010Closes Non-Brokered Private Placement
24/06/2010To Conduct A Best Efforts Non-Brokered Private Placement
30/11/2009Closes Non-Brokered Financing For CDN$2,549,300
Attributions d'options de Aurcana Corp.
19/01/2009(Shafter)reports 350,000 stock options at a price of $0.13
Nominations de Aurcana Corp.
13/02/2013Announces Appointment of New Board Member
22/02/2011Adds Paul Matysek to the Board of Directors and Strengthens ...
14/01/2011Appoints Dr. Peter Megaw to Technical Advisory Committee
06/07/2010Appoints Director
18/05/2010Appoints Chief Financial Officer
04/03/2010Appoints Financial Advisor
21/05/2009Appoints Lenic Rodriguez President and CEO
16/03/2009Appointment of Director
18/12/2008Appointment of Director
16/05/2008Appoints Vice President of Operations
Rapports Financiers de Aurcana Corp.
13/05/2013Announces Q1 2013 Financial Results Webcast and Teleconferen...
27/06/2011RETRANSMISSION: Aurcana Reports Record 1st Quarter Results
09/05/2011Reports Record 2010 Results
02/12/2009Reports Positive Third Quarter Results
03/09/2009Reports Positive Second Quarter Results
03/12/2008Reports Third Quarter Results
05/09/2008Reports Second Quarter Results
02/05/2008Files Annual Statements La Negra Mine Records Profit in Four...
Projets de Aurcana Corp.
31/03/2012(La Negra)to Commission Plant at Shafter Mine and Completes Mine Expan...
14/12/2011(La Negra)Discovers New Silver Mineralization at Depth at La Negra Min...
03/11/2011(Shafter)Receives Final Permit for Shafter Mine
08/04/2011(La Negra)Announces Record Silver Production, La Negra Production Expa...
21/01/2011(Shafter)Commences Construction at Shafter Silver Mine
22/12/2010(La Negra)Completes Buy Back of Silver Stream Purchase Agreement From ...
06/10/2010(Shafter)Reports Positive Feasibility Study on Shafter Silver Mine
09/06/2010(La Negra)Expands Resource Potential At La Negra
01/06/2010(La Negra)Expansion To 1,500 T/D At La Negra Mine Completed
16/02/2010(La Negra)NI 43-101 Report increases Maravillas Deposit Resources by 4...
30/06/2009(Shafter)Positive Pre-Feasibility for Shafter Silver Mine 7.75 Millio...
03/06/2009(La Negra)Takes Control of Operations at the La Negra Mine: Expansion ...
02/03/2009(Shafter)Scoping Study Upgraded to Pre-Feasibility: Consultant Hired ...
20/11/2008(La Negra)Shafter Silver Mine Timeline and Update; Additional Operatio...
31/07/2008(Shafter)47.4 Million Ounce Silver Resource at Shafter Silver Mine Co...
17/07/2008(Shafter)Finalizes Acquisition of Shafter Silver Mine
11/04/2008(La Negra) Intersects 8.15 Metres of 420 Grams per Tonne Silver and 1....
19/03/2008(La Negra) Adds Over 500,000 Tonnes In Monica Zone
Communiqués de Presse de Aurcana Corp.
07/06/2013Files Amended Technical Report
31/05/2013Board Update
28/02/2013Grants Stock Options
14/12/2012(Shafter)Announces Commercial Production at Shafter Mine in Texas
14/12/2012(Shafter)Announces Commercial Production at Shafter Mine in Texas
18/10/2012(La Negra)Reports: Record Quarter of Silver Production, Up 54% at La N...
11/10/2012(La Negra)Files Technical Report on Updated Resource Estimate for La N...
18/04/2011Announces Decision Not to Proceed on US$25M Credit Facility ...
25/03/2011-Amends Convertible Debenture Terms
09/12/2010Closes CDN$60 Million Equity Financing
03/12/2010Achieves Record Production, Revenues, Silver Sales and Earni...
09/09/2010Reports 54% Increase In Earnings From Mining Operations For ...
07/09/20102010 Kitco eConference
16/06/2010Reports 54% Higher Revenues in Q1, 2010 Compared To Q1, 2009...
06/05/2010Reports $3.8M Net Earnings
24/04/2010Announces US$40,000,000 Silver Backed Unit Offering
22/04/20102010 "Virtual" World Money Show
04/12/2009Closes Sale of Rosario Project
17/09/20092009 AGM Invitation
18/08/2009La Negra Corporate Update
25/05/2009Sells Rosario To Focus On Shafter Development
22/08/2008Annual General Meeting Reminder
07/07/2008Receives US$25 Million - Shafter Silver Mine Acquisition to ...
21/05/2008Reports 145 g/t Silver and 1.96% Copper over 23.5 meters
07/04/20082008 Calgary Resource Investment Conference
03/04/2008 Acquires Near Term Silver Production Project
26/02/2008Aurcana Moves to Expand and Mine Higher Grades at La Negra
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