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 Aurcana is a mineral exploration company with a focus on acquiring and exploring highly prospective precious metal properties in Mexico. A very experienced team of professionals, who have had substantial success in mining exploration and finance, are responsible for operating and growing the Company.  

 

Aurcana Corporation            [AUNR:TSX-V] 

Aurcana, following its strategy of focusing on high-grade gold-silver properties in Mexico, has signed a letter of intent with Exploraciones del Altiplano SA de CV, a private Mexican exploration company, whereby Aurcana can acquire a 100% interest in five potentially high-grade, gold-silver exploration properties. Aurcana has also entered into a partnership whereby Altiplano has given Aurcana a first right of refusal on any new properties Altiplano acquires or claims. 

The Company's current portfolio includes five high-grade, gold-silver exploration properties in Mexico that cover approximately 3,000 hectares: Cerro Blanco, La Virgen, Sabinas, El Pilar and Veta Venado.  Four of the five properties are located within the Sierra Madre Precious Metal Belt and two are strategically located in the same region as Gammon Lake's Ocampo project, Alamos Gold's Mulatos property and Minefinders' Dolores project.

                                                                                                                           IR info 31Jan04

San Carlos Project, Tamaulipas. Optioned a 60% interest from Almaden Minerals in June 2001. (Has since dropped it)  Fairfield/Almaden staked 11,189 ha claim block in east-central Mexico where an alkalic intrusive complex intrudes bedded and massive limestones. Skarn development is present.

Press Release 8Aug01

Fairfield Minerals Ltd. has compiled results from recently completed airborne magnetic and stream sediment geochemical surveys on the San Carlos copper-gold project, Mexico. The San Carlos project covers an area of Tertiary alkalic intrusions occurring in limestone country rock. The geologic setting is believed to be similar to that of several major alkalic copper-gold porphyries in the South Pacific and elsewhere. The survey covered a rugged area of high relief, roughly 25 x 12 kilometers in size, which is underlain by monzonite intrusive bodies that have intruded deformed limestone country rocks. This area includes the optioned San Jose zone, where historic production of high-grade direct shipping copper gold ore was carried out on several garnet-magnetite dominant skarn bodies hosted in both limestone and monzonite intrusive. In the San Jose zone prospecting has defined a large area over which the monzonite porphyry is altered and mineralized. The San Jose area was reflected by a roughly 4 by 8 kilometers in size, oblong shaped high magnetic response feature and is associated with elevated copper and gold stream sediment geochemistry. The best copper-gold stream sediment geochemistry occurs over 12 kilometers to the south of the San Jose zone. However, this stream sediment sampling has defined an area 8 by 10 kilometers in several drainages with highly anomalous copper and gold values. The geochemical anomaly is coincident with the most important magnetic high resulting from the airborne survey. This new target, called the Magnum zone, is entirely within the wholly owned Fairfield Minerals claim block. Rock-grab samples of mineralized skarn float taken from these drainages has returned values as high as 0.7 % copper and 2 g/t gold. This work also defined a separate area of high gold stream sediment geochemistry located roughly 20 kilometers northeast of the Magnum zone. In this area, called the El Huatero zone, stream sediment samples returned anomalous values in gold, lead and zinc over a 2.5 by 2.5 kilometer area. The elevated geochemistry is spatially associated with an argillic altered diorite which has intruded the sediments. Fairfield is planning a follow up program consisting of additional stream sediment sampling to better define the sources of the anomalous stream sediment and a program of prospecting, mapping and sampling over the Magnum, El Huatero and San Jose zones.

Press Release 16Feb00
GCN#120 23Jun98