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Auxico Resources Canada Inc C.AUAG

Alternate Symbol(s):  AUXIF

Auxico Resources Canada Inc. is a Canadian company engaged in the acquisition, exploration and development of mineral properties in Colombia and Bolivia. The Company is focused on the development of properties and projects hosting critical minerals and high-value metals, including niobium, tantalum, platinum group metals, such as platinum and iridium, and rare earth elements. The Company holds mineral and surface rights to the Minastyc Property located in the municipality of Puerto Carreno. It has surface rights to over 1,482 hectares of land between two adjoining properties: Agualinda and the Minastyc property. The Company has an 85% interest in Empresa Minera El Benton S.R.L., which holds the mining title and rights to the El Benton Mine and adjacent Monte Verde concessions.


CSE:AUAG - Post by User

Post by BraddockTrailon Sep 22, 2021 12:59am
243 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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