|By Marketwired .||
|July 10, 2014 09:13 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/10/14 -- Aurcana Corporation ("Aurcana" or the "Company") (TSX VENTURE: AUN)(OTCQX: AUNFF) announces that Mr. Lenic Rodriguez, President and CEO, will be leaving his management position with the Company, effective July 19. The board would like to thank Mr. Rodriguez for his past services.
The board is pleased to announce that Mr. Kevin Drover has been appointed as the new President & CEO of the Company. Mr. Drover has been a director of the Company since November, 2013.
Mr. Drover brings more than 40 years of both domestic and international experience in mining industry operations, process re- engineering, project development and corporate management with both developing and producing companies in Peru, Nicaragua, Costa Rica, Russia, the USA and Canada. Mr. Drover has held positions of President and CEO, Chief Operating Officer, VP of Operations, and General Manager of companies including Oracle Mining Corp., Glencairn Gold Corporation, Kinross Gold Corporation, Black Hawk Mining Inc., Lac Minerals Ltd. and BP Resources Canada Limited.
The Company's Chairman, Robert Tweedy said, "Mr. Drover has a broad range of industry experience and an impressive track record of driving strong operational performance and enhancing shareholder value. We believe he has the right leadership qualities and the technical and operational expertise to move the Company forward."
About Aurcana Corporation
Aurcana Corporation is a primary silver producing company with two properties: the La Negra Mine in Mexico and the Shafter Project in Texas, US. La Negra is currently mining and milling at 3,000 tonnes per day producing copper, silver-lead and zinc concentrates. Shafter is currently on care and maintenance pending improved metal prices.
The Company's shares are also traded in the United States on OTCQX under the symbol "AUNFF". Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.
For further information, visit the website at www.aurcana.com.
This news release contains certain forward-looking statements, including statements regarding forecast silver production, silver grades, recoveries, potential mineralization, exploration result, future plans and objectives of the Company and the business and anticipated financial performance of the Company. These statements are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or does not expect", "is expected", anticipates" or "does not anticipate" "plans", "estimates" or "intends" or stating that certain actions, events or results " may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements". Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements.
Actual results may differ materially from results contemplated by the forward-looking statements. Important factors that could differ materially from the Company's expectations include, among others,risks related to international operations, unsuccessful exploration results, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as changes in metal prices, changes in the availability of funding for mineral exploration and development, unanticipated changes in key management personnel and general economic conditions. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf, except as required by applicable law. Accordingly, readers should not place undue reliance on forward-looking statements.
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.
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