The American Metal Co. of Texas acquired the property in 1926. Operations ceased from July 1930 until 1934 due to low silver prices. By 1940, the quality of the ore was 10.7 ounces of silver per ton. The recorded production of the Presidio Mine between 1883 and 1940 was 30,972,286.15 ounces of silver . Production from 1927 to 1940 alone was 11,809,163.8 ounces of silver, 5,406 ounces of gold , and 7,678,049.8 ounces of lead. (Ross, Clyde (1943). Geology and Ore Deposits of the Shafter Mining District, Presidio County, Texas (USGS Bulletin 928-B ed.). Washington: US Government Printing Office. pp . 45–125.)
The Company recently announced a resource estimate for the Shafter Project and has completed an in-house review of the historic database and exploration potential.
The company is led by an experienced, seasoned management team that includes mining, legal, finance and geological professionals. Aurcana is committed to deliver maximum value for its shareholders, stakeholders and employees.