Wednesday, July 07, 2021

Breaking #Mining #Stocks News: Aurcana (TSXV: $AUN.V) (OTC: $AUNFF) Provides Initial Assay Results and a Restart Progress Update for Its Revenue Virginius Mine; @AurcanaC




Breaking #Mining #Stocks News: Aurcana (TSXV: $AUN.V) (OTC: $AUNFF) Provides Initial Assay Results and a Restart Progress Update for Its Revenue Virginius Mine; @AurcanaC

 

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VANCOUVER, British Columbia, July 07, 2021 (Investorideas.com Newswire) -- AURCANA SILVER CORPORATION ("Aurcana" or the "Company") (TSXV: AUN, OTCQX: AUNFF)  is pleased to provide the results of the first assays after accessing the Virginius Vein on the 1800 level as well an update on progress towards first production.

 

Read this news, featuring AUN in full at https://www.investorideas.com/CO/AUN/news/2021/07071Virginius-Mine.asp

 

INITIAL ASSAY RESULTS

The initial samples of the Virginius Vein intersection on the 1800 level assayed 38.611 ounces per ton (opt) (1,323.8 g/t) of silver equivalent1 over a vein width of 2.5 feet, including 85.782 opt (2,941.1 g/t) of silver equivalent1 over 0.6 feet (see below Table 1 and Figure 1 for details). These results compare favorably with the reserve grade in this location of 24.7 opt (846.8 g/t) silver equivalent1 over 1.4 feet as reported in the 2018 feasibility study (the "2018 FS") prepared in accordance with National Instrument NI 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). A copy of the 2018 FS is posted on the Company's website www.aurcana.com and is also available on the Company's profile on SEDAR at www.sedar.com.

 

Assay Details


1 Silver equivalent is based on the 2Q 2021 average London prices of Ag US$26.6387/oz, Au US$1,805.04/oz, Pb US$0.9568/lb and Zn US$1.3206/lb



Figure 1 – Sample locations

 

RESTART PROGRESS UPDATE

·        The Revenue-Virginius project remains on track to reach full production (270 stpd) by September 2021.

·        Development ore to be delivered to the process plant in July 2021 for commissioning and restart.

·        Ore throughput will be ramped up to 110 short tons per day (stpd) during August, and then to full production of 270 stpd during September.

·        Concentrate shipments are anticipated to begin in early August. Trafigura Trading LLC is the off-taker for 100% of the concentrates and will pay 95% of the contained metals value based on the mine site concentrate assays at the time of shipment, with final settlement based on smelter returns.

·        Payable silver equivalent2 production for the period between August and December 2021 is forecast to be 1,300,000-1,600,000 ounces at an estimated cash operating costs of between US$10.00 to US$12.00/oz silver after by-product credits3.

_____________________________

2 Silver equivalent is based on the 2Q 2021 average London prices of Ag US$26.6387/oz, Au US$1,805.04/oz, Pb US$0.9568/lb and Zn US$1.3206/lb; includes payability and payment timing of the Trafigura offtake contract.

3 By-product credit metal pricing is the same as Silver equivalent pricing

 

Qualified Person Statement

The scientific and technical content of this news release was reviewed and approved by Michael Gross, P. Geo, a "qualified person" within the meaning of NI 43-101

 

ABOUT AURCANA SILVER CORPORATION

Aurcana Corporation owns the Revenue-Virginius Mine, in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary resource at Shafter and Revenue-Virginius is silver. Both are fully permitted for production.

 

ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA SILVER CORPORATION

"Kevin Drover"
President & CEO

 

For further information, visit the website at www.aurcana.com or contact:

Aurcana Corporation
850 - 789 West Pender Street
Vancouver, BC V6C 1H2
Phone: (604) 331-9333

 

Gary Lindsey, Corporate Communications
Phone: (720)-273-6224
Email: gary@strata-star.com

 

CAUTIONARY NOTES

This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning, without limitation, statements relating to the Private Placement (including with respect to the timing of closing of the Private Placement). Although the Company believes that the expectations and assumptions on which the forward looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the receipt of regulatory or shareholder approvals, and risks related to the state of financial markets or future metals prices.

Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise.

 

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.

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Aurcana Silver Corporation is a featured mining company on InvestorIdeas. Please read our full disclaimer and disclosure regarding specific compensation Additional info regarding BC Residents: https://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

Aurcana Silver Corporation (TSXV: AUN) (OTC: AUNFF) is a featured Mining stock on Investorideas.com

 

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Thursday, July 01, 2021

#ExploringMining #Podcast Episode 181 – #Mining #Stocks News from (NasdaqGS: $RGLD) (NYSE: $ERO) (NYSEAmerican: $NG) (NYSEAmerican: $EQX) (CSE: $MCL.C)



 

#ExploringMining #Podcast Episode 181 – #Mining #Stocks News from (NasdaqGS: $RGLD) (NYSE: $ERO) (NYSEAmerican: $NG) (NYSEAmerican: $EQX) (CSE: $MCL.C)       

 

Point Roberts WA, Delta BC, July 1, 2021 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE  companies plus interviews with CEO's and leading experts.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2021/070121-Mining.mp3

 

Read this in full at https://www.investorideas.com/news/2021/exploring-mining/07011RGLD-ERO-NG-EQX-MCL.asp

 

Listen to Exploring Mining podcast on iTunes Apple podcasts   

 

Listen to Exploring Mining on Spotify

 

RGLD Gold AG, the wholly-owned subsidiary of Royal Gold, Inc. (NasdaqGS:RGLD), has entered into a precious metals purchase agreement for gold produced from the NX Gold Mine in Brazil with Ero Gold Corporation, a wholly-owned subsidiary of Ero Copper Corporation (NYSE:ERO). Bill Heissenbuttel, President and CEO of Royal Gold, said:

 

"We are pleased to complete this gold stream investment on the highly prospective NX Gold Mine. The NX Gold Mine is a low-cost operating mine with a history of reserve replacement and resource additions, and Ero is a high-quality and well-funded operator with a proven record of exploration success. In addition to supporting near-mine and regional exploration efforts, we are pleased to incorporate delivery-based payments dedicated to supporting Ero’s ESG programs in the local communities around the mine."

 

NovaGold Resources Inc. (NYSEAmerican:NG) has released its second quarter 2021 financial results. In the quarter, the company’s share of its Tier One gold development project Donlin Gold’s losses increased from $3.7 million in 2020 to $4.2 million in 2021, after “Donlin Gold LLC temporarily paused the drill program for April through mid-May as a precautionary COVID measure.” An excerpt reads:

 

NOVAGOLD’s primary goals in 2021 are to continue to advance the Donlin Gold project toward a construction decision; maintain/increase support for Donlin Gold among the project’s stakeholders; promote a strong safety, sustainability, and environmental culture; maintain a favorable reputation of NOVAGOLD, its governance practices, and its project among shareholders; and manage the Company treasury effectively and efficiently, including streamlining the corporate structure.

 

Equinox Gold Corp. (NYSEAmerican:EQX) has started mining activities at its new Santa Luz Gold Mine in Brazil, where 41 percent of its construction project is complete, in preparation for gold production in Q1 2022. According to the press release, “$31 million of the $103 million construction budget spent and $70 million committed at the end of June 2021.”

 

McLaren Resources Inc. (CSE:MCL) has been issued a mineral exploration permit by the Ontario Ministry of Energy, Northern Development and Mines for its 100 percent-owned Kerrs gold property in the Timmins Gold District of Northeastern Ontario, Canada. With this permit, the company is able to “undertake various surface exploration activities on the property including line-cutting, geological and geophysical surveys and diamond drilling.”

 

Investors can trade these stocks and other ideas on our site using our  list of top stock trading apps including Robinhood , Acorn, Stash  and others.

 

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About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

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Tuesday, June 29, 2021

#ExploringMining #Podcast Episode 180 – #Mining #Stocks News from (NYSE: $AA) (NYSE: $SAND) (NYSE: $VALE) (NYSE: $FSM) (TSX: $ROXG.TO) (TSXV: $MTU.V)



 

#ExploringMining #Podcast Episode 180 – #Mining #Stocks News from (NYSE: $AA) (NYSE: $SAND) (NYSE: $VALE) (NYSE: $FSM) (TSX: $ROXG.TO) (TSXV: $MTU.V)     

 

Point Roberts WA, Delta BC, June 29, 2021 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE  companies plus interviews with CEO's and leading experts.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2021/062921-Mining.mp3

 

Read this in full at https://www.investorideas.com/news/2021/exploring-mining/06291AA-SAND-VALE-FSM-ROXG-MTU.asp

 

Listen to Exploring Mining podcast on iTunes Apple podcasts   

 

Listen to Exploring Mining on Spotify

 

Alcoa Corporation (NYSE:AA) has completed the sale of a 2,100-acre property in Maryland, at the site of the former Eastalco smelter, for $100 million in cash. Specifically, the sale was between Alcoa subsidiary Eastalco Aluminum Company and a joint venture between Quantum Loophole and TPG Real Estate Partners (TREP). Mark Stiffler, Alcoa's VP for Asset Management, said:

 

"When Alcoa closed the Eastalco site, we made a commitment to bring this property back into productive and sustainable use. The sale to Quantum Loophole and TREP is a story of economic and environmental sustainability, taking a former industrial site through the remediation process and bringing it forward for a new industrial use."

 

Sandstorm Gold Ltd. (NYSE:SAND) has increased its portfolio of producing assets and immediate cash flow through the execution of a $30 million gold stream and royalty agreement with Vatukoula Gold Mines PTE Limited and the purchase of a royalty package on a portion of Vale S.A.'s (NYSE:VALE) operations at a net purchase price of $108 million. Sandstorm President and CEO Nolan Watson said:

 

"The addition of the VGML Stream and Vale Royalties has strengthened our immediate and long term cash flow projections and fortified our producing royalty portfolio. The Vale Royalties provide Sandstorm shareholders exposure to high-quality assets with reserve weighted mine lives of several decades, while the VGML Stream adds fixed gold deliveries with operational and exploration upside."

 

Shareholders of both Fortuna Silver Mines Inc. (NYSE:FSM) and Roxgold Inc. (TSX:ROXG) have voted to approve the proposed acquisition by the former of the latter. The arrangement is expected to close on July 2, 2021, after which Fortuna will continue under the name "Fortuna Silver Mines Inc." with the ticker symbol "FVI" on the Toronto Stock Exchange and "FSM" on the New York Stock Exchange, and Roxgold will be a wholly-owned subsidiary of Fortuna, and will be delisted from the Toronto Stock Exchange.

 

Manitou Gold Inc. (TSXV:MTU) has provided an exploration update for  its 350 square km Goudreau Project located north of Wawa, Ontario. Richard Murphy, the company’s President and CEO, said:

 

“We are seeing the culmination of four years of property acquisition, regional exploration and detailed targeting along the highly attractive Baltimore deformation zone. The 18,000 metres of drilling we will be commencing in early August is going to be targeting elephant sized gold targets in proven elephant gold deposit country. Our exploration team is doing a fantastic job in the field in order to refine individual drill targets.”

 

Investors can trade these stocks and other ideas on our site using our  list of top stock trading apps including Robinhood , Acorn, Stash  and others.

 

The Investorideas.com podcasts are also available on iTunes ( Apple Podcasts) ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio ,  Google Play Music and most audio platforms available.

 

Visit the Podcast page at Investorideas.com:

https://www.investorideas.com/Audio/

 

Research mining stocks at Investorideas.com with our mining stocks directory at Investorideas.com https://www.investorideas.com/Gold_Stocks/Stocks_List.asp 

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

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