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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 checkingiton Mar 16, 2022 9:59am
109 Views
Post# 34517997

Brazil Rare Earth release

Brazil Rare Earth releaseHere we go again! No info on the web site apart from a very misleading intro stating total rare earth oxide content of 63 .49% making it sound like this is the grade for the entire estimated 30 million tons. Making statements about recoveries and value with out any work to determine the true content of the tailings or any thorough metallurgical testing. Refering to someone elses research paper without reading it themselves or at least not understanding what was written. Again a QP signing off on "concentrate" samples he didnt take himself and has no way of knowing what the true contents of the samples was. Someone needs to take this external and even to the ..... Not a good representation of what our industry can do for our investors.
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