A smart wonder is a smart thing. Nowadays, it turns out that every time you see the S
The company that turns out to have abundant wealth is Auxico Resources Canada Inc. (CSE: AUAG), a Canadian company engaged in the acquisition, exploration and development of mining assets in Colombia, Brazil, Bolivia, Mexico and the Democratic Republic of the Congo. Republic of the Congo (DRC). They are allocation generators, miners, processors and distributors, with a focus on the production of critical minerals and high-value metals, adding niobium, tantalum, platinum organization metals (such as platinum and iridium) and rare earth elements. In addition, Auxico is the exclusive advertising agent for rare land concentrates in the DRC. The Company owns, directly or through joint ventures, mining rights in Colombia, Bolivia and Brazil, with access to nearly four million tons of critical minerals and rare land elements. – the largest open-air reservoirs in China.
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But today we are going to concentrate on its Minastyc assets in Vichada, Colombia, where Auxico recently announced the granting of a mining permit (specifically a paint plan authorization) from Colombia’s National Mining Agency. This is a very vital progression for the Company as Auxico. it will now be able to move forward with the formal acquisition of Minastyc’s assets from its current owner. Approval of the painting plan is the last condition of the procurement contract. Only one step remains, a stopover on site through representatives of Corporinoquia environmental agency), before the Company can move the apparatus on site, adding heavy machinery for bulk sampling and a processing plant, which will allow Auxico to move towards taking a production resolution for small-scale mining operations.
Meanwhile, Auxico occupied Minastyc’s assets after issuing a NI 43-101 Technical Assessment Report on March 28 of this year with highlights, adding a 3. 2-ton bulk pattern from two Zone 50 pit locations that resulted in a concentrated fine of 7. 7 kg. uncommon earth oxides in general (TREO) with a grade of 68. 32% and 65. 67% of the two places, respectively. and 8. 3% tantalum, while Sample 2, discovered in another domain of the assets, from a rock pattern containing 30. 4% tantalum, 23. 3% niobium and 24. 5% titanium.
But laughter does not prevent there. The most recent effects released through Auxico show assay effects for gold, platinum, titanium, zirconium and hafnium in samples taken from zone 50, zone TA and two other zones on the Minastyc property. At this point, it’s almost less difficult to communicate about the steel or ore that doesn’t have that property. Jokes aside, the highlights of the last fourteen samples, taken from holes within the first meter of surface in those zones, returned an average head grade of 9. 5 g/t gold and 13. 5 g/t platinum. in 8 of the 14 samples. who made the note Additionally, the Company reported the discovery of 24. 5% titanium, 7. 8% zirconium and 2. 4 kilograms of hafnium. And if the grades are enough to get your attention, then perhaps the fact that the Company is suggesting that, based on box observations and satellite interpretation, an estimated minimum of 250,000 tons of curtains are represented across this layer of ferricrete in the first meter. of the surface in zone 50 and zone TA.
All this explains why Auxico is lately coordinating the scale on site with Corporinoquia and expects the scale to take position in the short term. With those kinds of laws literally on the surface, they can generate a decent profit stream in a short era of time to help fund additional exploration, initial resource estimation, or whatever, as the most productive use of funds.
With a market position capitalization of 55 million Canadian dollars, it is not one of the undiscovered corporations that offers an almost free option in its exploration. However, with almost each and every one of the planet’s valuable hard rock products concentrated in a position with quite impressive laws, any expansion of duration can be a boon to shareholders. And I haven’t even mentioned the myriad of other attractive opportunities at Auxico Resources that you can explore on your own on their website.
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