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Auxico Resources Canada Inc C.AUAG

Alternate Symbol(s):  AUXIF

Auxico Resources Canada Inc. is a mineral exploration company with silver-gold properties in the state of Sinaloa, Mexico. The Company is engaged in exploration mining opportunities in Colombia, the Democratic Republic of the Congo (DRC), Brazil and Bolivia. It holds a 100% interest in the Zamora Property (Mexico), which is host to over 15 historical mines and workings, stretching along a six kilometers northeast-southwest trending structure southeast of the city of Culiacan. Its Massangana tin tailings project has an estimated 30,000,000 tons of tailings averaging 2.83% total rare earth oxide content. It has acquired the surface rights to 1,482 hectares of land between two adjoining properties: Agualinda and the Mynastic property. It holds mineral and surface rights to the Minastyc Property located in the municipality of Puerto Carreno. Its subsidiaries include Auxico Resources S.A. de C.V., C.I. Auxico de Colombia S.A, Sociedad Minera Auxico S.A.S and Minera Auxico Bolivia S.A.


CSE:AUAG - Post by User

Post by BraddockTrailon Sep 22, 2021 12:59am
208 Views
Post# 33896973

Ore Grade Questions

Ore Grade QuestionsI am having trouble understanding the rare earth ore grade. From the Stockhouse News list, the May 28th article there is a graph of ore grades of various mines. Notables are Bokan at .8%, Mountain Pass at 7%, and Auxico Colombia at 57%. Now, yesterday Sept 21 there is a new article with additional results. The new samples are coming out today  from Area 50 is 2.5 kilograms of concentrate taken from 3 tones of raw ore. 2.5 kg is 5.5 lbs. Only about 60% of this is TREO which is 3.3 lbs. 3 tonnes is or are 6000 lbs. 3.3/6000 gives a raw ore grade of only .055%. The article titles imply that the Colombia discovery is far richer than Mountain Pass. I hope so, I am a shareholder. But the new information indicates a raw ore grade worse than The Bokan project. What am I missing?

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