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AXMIN Inc V.AXM

Alternate Symbol(s):  AXMIF

AXMIN Inc. is a Canadian exploration and development company with a focus on Central and West Africa. The Company, through its wholly owned subsidiaries, has exploration projects in the Central African Republic (CAR) and Senegal. The Company’s primary asset is the Passendro Gold Project situated in the CAR. It holds a 100% interest in the Bambari properties, which consists of a mining license (355 square kilometers) and two exploration licenses, Bambari 1 and 2 (1,240 square kilometers). The Passendro Gold Project is situated in the center of the mining license, which is ring-fenced by the two Bambari exploration licenses. The Company, through its joint venture partner and manager, Sabodala Mining Company SARL (SMC) owns approximately 20% interest in Sounkounkou, Heremokono and Sabodala NW exploration licenses (the Project) located in the Birimian belt of eastern Senegal. The Company's subsidiaries include AXMIN Limited (BVI), Aurafrique SARL (CAR), SOMIO Toungou SA (CAR), and others.


TSXV:AXM - Post by User

Comment by Thedondomon May 21, 2020 10:05am
121 Views
Post# 31055696

RE:fake news as per Joe Tai who is a director at axmin

RE:fake news as per Joe Tai who is a director at axmin

Article originally came out July 2019 and Africa Intelligence picked up on it now, just like how that Daily Beast website talked about Wagner 7 months after they came to CAR. If that LeTsunami article was true, Axmin would of had a news release last fall and there would have not been any sort of survey done on the website. Also, why would a massive company like Au Group signed a deal with them? Why would Axmin have continued to buy equipment for Passendro? 

Like Ed says, give Joe a shout and verify for yourself, not listen to drunk Russians on this website.

They couldn't of lied in the november press release which states:

Operations update

Axmin and the government of the Central African Republic (CAR) have been in extensive discussions over the last several months as to the development of the company's Passendro deposit. Both the company and the government of the CAR wish to see a rapid development of the asset, however the security situation in the area surrounding the company's development area has unfortunately not stabilized as quickly as the government and the company anticipated. This is expected to improve in the near term, and in the interim the company is starting activities that are practicable given the current situation.

Axmin has the requisite equipment in country to commence an initial site survey to further the previously defined site reclamation and rapid production plan. The implementation of this survey is in process and the company will provide timely updates on the social media platforms.

The company has also identified several humanitarian projects that have high positive social impact but low capital expenditure that are being commenced at this time. It has always been the company's intention to work for the benefit of all stakeholders in the project and improving the lives of the residents in the village near the company's asset is clearly in line with these goals.

The negotiations as to the choice of strategic partner have also been delayed slightly due to the security situation but talks are on going and meetings will be held in Beijing in early December in this regard.


EdGomez wrote: 1-604-307-9918 - There is his number. Call and verify rather than listen to people on either side of the fence on this website. He even said that if this was a legit and material thing, then the company would need to put out news immedietly.

permit cannot be transfered -
Permits/Licences:



100% owned 25-year Mining Licence (355 sq km) awarded August 9, 2010





 

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