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Aurcana Intersects High Grades in Shafter Surface Drilling

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Aurcana Intersects High Grades in Shafter Surface Drilling

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Aurcana Corporation (TSX VENTURE:AUN)(OTCQX:AUNFF)(PINKSHEETS:AUNFF)report that surface drilling has intersected a strong high grade zone between mining blocks in the "5200 area", providing support for potential continuity of ore in Block 3, currently under development. Figure 1 shows historic holes and location of Hole S-12-403.Hole S-12-403

 

Hole S-12-403 was drilled at an angle of -80 degrees oriented due East and cut 30 feet of mineralization from 382 feet to 412 feet with an average grade of 23.37 ounces of silver per ton. Significant trace amounts of gold are associated with several intervals. Core recovery was very good over the intersection, with the exception of one low grade interval within the zone. The core section of the high grade zone averages 36 ounces/ton over fourteen feet. Figure 2 is a section indicating the location of Hole S-12-403.

To view Figures 1 and 2, please click: http://media3.marketwire.com/docs/aur601_F1-2.pdf.

                             Ag             Au
From          To         oz/ton         oz/ton
----------------------------------------------
382          384          30.81           0.03
384          386          15.54           0.01
386          388           9.51           0.01
388          390           2.38           0.01
390          392          13.53           0.01
392          394          46.28           0.02
394          396          16.28           0.01
396          398          37.44           0.00
398          400          45.06           0.01
400          402          46.63           0.01
402          404          30.96           0.02
404          406          31.51           0.03
406          408           8.81           0.01
408          410           6.27           0.00
410          412           9.39           0.01
 

Lenic Rodriguez, President of Aurcana Corporation, states, "This is the highest grade intersection encountered to date at the Shafter Mine and we expect to encounter more of the same as we develop the underground operation."

Vertical Hole S-12- 402 located approximately 180 feet south of S-12-403 intersected 41 ounces of silver over two feet from 378 – 380 feet.

Additional surface and underground drill holes are being processed and results will be released at a later date.

 

Posted June 3, 2012

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