Auxico Resources

(AUAG:CSE)

Gold and Silver Exploration in Zamora, Mexico

Auxico Resources (AUAG:CSE) holds 15 historical mines / prospects in Zamora, Mexico. Auxico filed a non-offering prospectus in May 2017 to take the Company public. Private placements were completed for CDN $2.5 million with high net-worth investors (common shares issued at $0.25 per share).

 

The Company is presently seeking funds to begin a rehabilitation/bulk sampling program and resource verification at the Los Olotes and Campanillas Mines. Equity financing: issuance of common shares at $0.25 per share. Auxico presently has 31,210,000 shares outstanding.

Summary

Board members have over 100 years of experience in financing, acquisitions, and mine making;

Recent work on the property has identified a 12 km long NE-bearing structure that has never been explored in the past but is host to several historic mines as can be seen in slide #8. At the Zamora Mine in the south, the author has discovered what is believed to be an extension of the Zamora vein to approximately 1 km in length and open in all direction; and about 7 km to the north the author has gained access to the northeast adit in the Campanillas Mine where all of the samples selected are showing evidence of intense alteration, brecciation, and mineralization. The quartz vein system is at its widest point, around 7-8m, where mining ceased operation in the early 1900’s.

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