Friday, May 7, 2010
Industry Watch: Al Korelin talks with Lenic Rodriguez
Nationally syndicated radio show personality Al Korelin from the Korelin Economics Report hosts Industry Watch. For Friday May 7, 2010, Al speaks with the President and CEO of Aurcana Corporation- Mr. Lenic Rodriguez.. Al and Lenic talk about Aurcana's producing operation in Mexico and its big silver property in Texas.
Aurcana Corporation is a Canadian junior mining company listed on the TSX Venture Exchange, symbol AUN. The company owns 92% of the La Negra silver-copper-lead-zinc mine and 100% of the Shafter silver mine. The company's current projects have the potential to produce over five million ounces silver per year.
The 1,000 tonnes per day La Negra silver-copper-lead-zinc mine is located in Queretaro State, Mexico. Production for 2009 is forecast at 750,000 ounces silver and 3 million pounds copper. Plans for increasing production to 1,500 tonnes per day, when complete, will result in yearly production of 1.2 million ounces silver and 5 million pounds copper.
The Shafter silver mine is located in Presidio County, Southwest Texas. The project has a 43-101 silver resource of 24.6 million ounces Measured and Indicated, 22.8 million ounces Inferred and a prefeasibility completed. Production year one is forecast at 3.9 million ounces silver recovered. Construction is expected to take 18 months subject to financing and permitting.
To learn more about Aurcana Corporation visit http://www.aurcana.com/s/Home.asp.
To learn more about the Korelin Economics Report visit http://kereport.com
To learn more about Industry Watch with Al Korelin visit http://evenkeelmedia.com