Bill Powers visited the world’s highest-grade silver mine (P&P) owned 100% by Aurcana Silver Corp. ($AUN $AUN.V $AUNFF). The site tour occurred on August 5th and 6th. The Revenue-Virginius mine in Ouray, Colorado, USA is fully-permitted and will also be one of the lowest-cost silver producers in the world at only US$8/oz Ag (AISC) after byproduct credits. The exploration potential at this project is immense as COO Brian Briggs states in the video: “There is no other silver mine in the world that probably has our exploration potential.” Aurcana is currently in the final stages of securing a debt facility for the the final capex needed to commence production. The company has announced they intend to start production in Q1 2021.
0:00 Introduction
1:00 Bill Powers intro
2:55 Kevin Drover company overview on way to mine
5:30 Brian Briggs describes mine site & its history
6:40 Riding the electric train into the mountain
9:35 About to go down the decline to see Virginius vein
11:53 Exploration potential explained while underground
13:40 Examining the Virginius high-grade silver vein
16:30 Resue mining method explained in a test stope
23:40 Fifty-one employees working underground right now
24:36 Mike Lee has a wealth of narrow vein mining experience
25:53 Ability to grow production at RV mine
27:40 Mountain-top explanation of growth and exploration potential
32:13 Google Earth explanation of exploration potential
34:25 Ben Tisdel, Ouray County Commissioner
35:31 Mountain-top view of drilling and more exploration potential
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Disclosure/Disclaimer: Aurcana is an MSE sponsor and Bill Powers owns shares and warrants purchased in the February 2020 private placement. Standard MSE disclaimer and Aurcana's forward-looking statement found in the most-recent presentation apply to the content of this video.
