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.
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