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Aurcana Corporation Message Board

  • clubfoolish clubfoolish Apr 3, 2013 8:53 AM Flag

    2012 Shafter drill results are in - promising

    http://finance.yahoo.com/news/aurcana-corporation-shafter-2012-exploration-123000994.html

    Sentiment: Strong Buy

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    • Maybe you could simplify it and point out the highlights? It left me cold. Sorry.

      • 1 Reply to fatfighter59
      • Promising in that in addition to the reserves about which they already know and are preparing to mine right at the moment, the 2012 drilling demonstrates that there is a much larger and complex system in place in and around the existing area.
        More drilling and definition to follow (to determine scope and focus)...but it did *not* come up a dud, as often happens.
        The goal for AUNFF at the moment is to continue building up to full production in Shafter (ongoing as we speak) AND to identify larger systems into which they can expand ...which this drilling helped to do.

        from the article:
        Dr. Peter Megaw, consulting geologist for Aurcana Corporation states: "Having evidence of complex, multiple stages at Shafter confirms we are exploring in a system with high potential, while demonstrating that although we still have not zeroed in on where to focus, continuing to do so is more than warranted. Seeing high complexity is a positive indicator for a long-lived, multi-staged, large system."

        Sentiment: Strong Buy

 
AUNFF
0.2350.000(0.00%)Dec 26 2:18 PMEST

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