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Abstract
(Marketwire - March 19, 2008) - Aurcana Corporation ("Aurcana" or the "Company") (TSX VENTURE:AUN) is pleased to report that it has received a positive NI 43-101 compliant resource calculation on the Monica deposit at the La Negra mine, Queretaro State, Mexico, from its independent consultant, GeoSim Services Inc. (GeoSim). The report estimates a measured and indicated resource of 587,698 tonnes in the Monica zone. A copy of the GeoSim report will be filed at www.SEDAR.com within 45 days.
The GeoSim resource estimate for the Monica deposit, (using a $30 per tonne NSR cut-off) is 587,698 tonnes which represents a 1,115% increase from the 48,300 tonnes of historical reported reserves in 2000. The GeoSim calculation also determined a present day NSR value which follows a similar format used by the previous owner in accounting for metallurgical recoveries, and uses metal prices of $13.50 per ounce of Silver (Ag), $2.85 per pound of Copper (Cu), $1.00 per pound of Zinc (Zn) (No value was assigned to the Lead (Pb) content since no lead concentrate is currently being produced from the Monica ore). It also factors in concentrate sale terms as negotiated by Aurcana with the concentrate buyer.