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Vancouver company digs deep on due diligence in effort to revive historic Ouray silver mine

In a basin high above Ouray’s bustling tourist shops and hot springs pools, one of the precious metals that birthed this town and fired up its early boomtown days, is readying for a comeback. The first major silver mine in the San Juan Mountains in at least 80 years is on course to be in production next spring.

Aurcana Silver Corp., a Vancouver company that owns Ouray Silver Mines Inc., is deep into pre-production work at the Revenue-Virginius Mine,  one of the largest and oldest silver mines in the San Juan Mountains. There are no known mines with richer silver than the Revenue-Virginius, the company says.

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