0 von 5 - 0 Bewertungen
Vielen Dank für die Bewertung dieses Beitrags.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Vancouver, BC – November 23, 2021 – Aurcana Silver Corporation ("Aurcana" or the "Company") (TSXV: AUN) advises shareholders and the general market of a rock movement event at the Company’s wholly owned Revenue Virginius mine. No fatalities or injuries occurred, but ongoing operations will be temporarily impacted. The rock movement which occurred in the #2 Alimak Raise, which provided access to/from the stoping level for both men/materials as well as ore handing, will create a temporary material productivity limitation to underground production.

Following the incident, underground operations were temporarily suspended while the incident was investigated. Management has decided to use one of two raises solely as an ore/waste pass while using the other raise to provide access for people and materials. Operations have resumed, but this decision reduces the underground vertical transportation capacity by 50% until such time as the hoist in the #1 Raise, which is the long term primary conduit for men and materials, is fully operational.

Due to this change and based on the current cash resources available to the Company, management has decided to temporarily halt ongoing development activities other than those relating to the completion of the #1 Raise hoist and focus on concentrate production from the existing available stopes.

In addition, due to the temporary work curtailment, the Company has provided notice to employees in compliance with the WARN Act of 1988. The Company continues to operate but at a reduced capacity and is retaining personnel consistent with the current objectives.

The Company’s plans to manage operations are continuing to evolve and the Company cannot forecast what production levels may be achieved given the change to underground vertical transportation capacity. The Company will provide an update as soon as possible.

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

Gary Lindsey, Corporate Communications
Phone: (720)-273-6224
Email: Diese E-Mail-Adresse ist vor Spambots geschützt! Zur Anzeige muss JavaScript eingeschaltet sein!

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 operational adjustments resulting from the reported rock movement and the impact of such adjustments on the production and operations of the Company at the Revenue Virginius mine (including with respect to the timing of closing of all such matters). 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.

Weitere Nachrichten

Canada Silver Cobalt gründet Tochter zur...
Canada Silver Cobalt gründet Tochter zur... Ziel ist es, den Wert der Batteriemetall-Aktiva des Unternehmens zu erschließen, während das Hauptaugenmerk weiterhin auf... 177 views Wed, 10 Nov 2021, 06:07:41
AURCANA SILVER PROVIDES UPDATE ON MILL C...
AURCANA SILVER PROVIDES UPDATE ON MILL C... NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Vancouver, BC – October 5, 202... 151 views Tue, 05 Oct 2021, 17:03:20
First Graphene Ltd.: Superkondensatormat...
First Graphene Ltd.: Superkondensatormat... Die wichtigsten Punkte Fortlaufende Tests zeigen eine 85%ige Verbesserung der Energiedichte und eine um 300 % bessere Kapa... 30 views Wed, 01 Dec 2021, 05:56:32
Aurora Solar Technologies gibt zur Besch...
Aurora Solar Technologies gibt zur Besch... North Vancouver, 30. November 2021 - Aurora Solar Technologies Inc. (TSX.V: ACU) „Aurora“, das „Unternehmen“) gibt bekannt, d... 32 views Tue, 30 Nov 2021, 13:35:12
POSCO und EcoGraf schließen Vereinbarung...
POSCO und EcoGraf schließen Vereinbarung... Nachhaltig produzierte HF-freie EcoGraf(TM)-Produkte unterstützen POSCOs Expansionspläne für Batteriematerialien EcoGraf Lim... 49 views Fri, 26 Nov 2021, 06:01:24
Canada Silver Cobalt Intersects Massive ...
Canada Silver Cobalt Intersects Massive ... XRF results confirm the existence of strong nickel and copper mineralization which complements the Company’s battery metals p... 180 views Wed, 24 Nov 2021, 15:46:13
EcoGraf Limited: Programm für innovative...
EcoGraf Limited: Programm für innovative... GROSSE MARKTCHANCE IM BATTERIEMARKT Das diversifizierte Unternehmen für Batterieanodenmaterialien EcoGraf Limited (EcoGraf o... 64 views Wed, 24 Nov 2021, 13:18:02
USFS Issues Authorization for Ucore’s Bo...
USFS Issues Authorization for Ucore’s Bo... • Ucore conducted Bokan field mapping work in September 2021• Ucore to conduct the Bokan channel and bulk sampling program du... 188 views Wed, 17 Nov 2021, 15:33:12
SIXTH WAVE AND YORK UNIVERSITY CO-DEVELO...
SIXTH WAVE AND YORK UNIVERSITY CO-DEVELO... Halifax, Nova Scotia – (November 16, 2021) – Sixth Wave Innovations Inc. (CSE:SIXW) (OTCQB:SIXWF) (FSE:AHUH) (“Sixth Wav... 150 views Tue, 16 Nov 2021, 13:22:37
Sixth Wave Achieves Electrical Detection...
Sixth Wave Achieves Electrical Detection... Halifax, Nova Scotia--(Newsfile Corp. - November 10, 2021) - Sixth Wave Innovations Inc. (CSE: SIXW) (OTCQB: SIXWF) (FSE: AHU... 169 views Wed, 10 Nov 2021, 12:00:15