Auxico Announces Discovery of Three Historical Mines at Zamora Silver-Gold Property, Sinaloa, Mexico
Momentum Public Relations
Press Release: June 1 2018
Auxico Resources Canada Inc. (CSE:AUAG) is pleased to announce that the Company has discovered three historical mines containing unrecognized shafts and pits located along the Zamora Vein, including the La Campeona mine, which returned 30 cm of 10.1 g/t gold and 941.7 g/t silver. These discoveries extend the Zamora Vein and the parallel El Obatel Vein over a strike length of at least 800 metres. The Zamora Silver-Gold Property located in Sinaloa, Mexico, and is 100% owned by Auxico Resources Canada.
|
The Company discovered a report that was written in 1982 by Antonio Flores Martinez and Marco Bustamante Yanez who were both employed at the time with the Consejo de Recursos Minerales (Mexican Council of Mineral Resources, “CRM”) and included all of the rehabilitation work done by the CRM on the Camichina Shaft, which gained access to the Los Olotes orebody. As well, this report documented all of the historic workings within a 1000m by 600m grid. Just recently, Auxico’s management found a map showing all of this information in the archives.
This map below provides information on three historic workings previously unknown, however well documented: El Tacomate, El Arroyito, and La Campeona. According to the information on the map, El Tacomate is located approximately 280m southwest of the Camichina Shaft along strike of the Zamora Vein where historic silver grades were in the kilograms per tonne and gold grades in several ounces per tonne. El Tacomate contains a 20cm wide sample of 0.70 g/t Au & 107.2 g/t Ag. El Arroyito, located about 325m southwest of La Camichina, returned 0.9m of 1.9 g/t Au & 413.3 g/t Ag. La Campeona, which is located on the north side of the Zamora River, returned 30cm of 10.1 g/t Au & 941.7 g/t Ag, almost a kg/t, which is not uncommon on the Property as has been previously tested and demonstrated by the Qualified Person in other areas within the Property limits. Of particular interest is the location of La Campeona, which coincides with some historical workings known as Rosa Maria, which the Company believes may be an old townsite, and a collapsed shaft indicating that mining was conducted here some time ago, and according to the structures, which still remain on surface, it appears to be from the early 1800’s and mined by the Spaniards. As well, there were signs of an Arrastra at Rosa Maria, which is a primitive mill for grinding and pulverizing gold or silver ore. The simplest form of the Arrastra is two or more flat-bottomed drag stones placed in a circular pit paved with flat stones, and connected to a center post by a long arm. This artisanal mill that would have been operational at that time processing the ore from underground, and a circular area with finely pulverized material are present beside what management believes to be a collapsed shaft. There are also historical workings on the south side of the Zamora River, which would indicate a possible strike length of the Zamora Vein for at least 800m. The El Obatel Vein, which is about 30m to the northwest of the Zamora Vein and parallel appears to extend for at least 700m along strike.
Auxico is anxious to conduct a detailed exploration and development campaign in this area, which would include substantial diamond drilling in order to prove up a resource along this 800m long silver-gold structure.
Qualified Person
This news release was reviewed and approved by Joel Scodnick, P.Geo., an independent consultant to Auxico, in his capacity as a Qualified Person, as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS
« signed »
Pierre Gauthier
Chairman & CEO, Auxico Resources Canada Inc.
Cell: +1 514 299 0881
About Auxico Resources Canada Inc.
Auxico Resources Canada Inc. (“Auxico”) is a Canadian company that was founded in 2014 and based in Montreal. Auxico is engaged in the acquisition, exploration and development of mineral properties in Colombia and Mexico.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
To view the maps associated with this press release, please visit the following links:
http://www.globenewswire.com/NewsRoom/AttachmentNg/3d7c184a-3747-4240-a0fe-5ae67ee6b529
http://www.globenewswire.com/NewsRoom/AttachmentNg/75675940-a93d-40bc-8f7d-98f9b0ec163d
- Published in Auxico Resources
Auxico Acquires Worldwide Rights to a New Environmentally Friendly Extraction Technology
Momentum Public Relations
Press Release: May 25 2018
Auxico Resources Canada Inc. (CSE:AUAG) is pleased to announce that the Company has acquired worldwide rights to a non-mercury, non-cyanide gold and silver extraction process that is currently patent-pending. The metallurgical extraction process was developed by Central America Nickel Inc. for the extraction of energy metals such as nickel, cobalt, vanadium, scandium, manganese and copper. The process was then applied to gold and silver samples originating from Auxico’s Zamora gold and silver property located in Sinaloa, Mexico.
The process extracted over 90% of the gold and over 80% of the silver in less then one hour, without the use of cyanide and mercury. The process uses no pressure and no heat. Auxico has agreed to pay Central America Nickel Inc. a 2% net royalty on the production of gold on any deposit in the world where the process is used. Auxico has the option to buy back this 50% of this royalty (or 1% of the 2% royalty) at any time through the issuance of 2,000,000 common shares of the Company.
Auxico recently signed a Memorandum of Understanding with the Government of the Department of Bolivar (Colombia), with the goal of implementing the environmentally friendly technology. Auxico will be in charge of the financing and construction of gold producing operations in Bolivar, as well as the management of the export and sale of gold and/or gold concentrates. The Department of Bolivar will provide: the property on which the gold production will take place; physical security of the gold production operations; help with the permitting process; and the liaison with local miners who will supply mineralized material to the Auxico gold production operations.
The Minamata Convention, whose objective is to end the use of mercury by artisanal miners, has been signed by 128 countries. The Auxico process is expected to provide an economic industrial alternative to the use of mercury while generating a much smaller environmental footprint.
Qualified Person
This news release was reviewed and approved by Joel Scodnick, P.Geo., an independent consultant to Auxico, in his capacity as a Qualified Person, as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS
« signed »
Mark Billings
President, Auxico Resources Canada Inc.
mb@auxicoresources.com
Cell: +1 514 296 1641
About Auxico Resources Canada Inc.
Auxico Resources Canada Inc. (“Auxico”) is a Canadian company that was founded in 2014 and based in Montreal. Auxico is engaged in the acquisition, exploration and development of mineral properties in Colombia and Mexico.
- Published in Auxico Resources
Auxico Announces the Acquisition of Thirteen Properties in Colombia and First Test Results
Momentum Public Relations
Press Release: March 5 2018
Auxico Resources Canada Inc. (CSE:AUAG) is pleased to announce the acquisition of thirteen (13) properties located 75 km southwest of the city of Bogota, Colombia. These properties represent a total of 65,000 hectares with each property averaging approximately 5,000 hectares. This area is known for high-grade gold and cobalt, as well as other base metals.
Joel Scodnick, the Company’s consulting professional geologist, visited the properties and validated the metal content from the samples. We are pleased to announce the first results of the Restopo property where volcanic boulders up to 1 ton in size, yielded results of up to 16.3% copper. A certified technician form Symtek, affiliated with SGS Laboratories in Colombia, analyzed the samples.
Further results from all of the properties are expected this week.
Qualified Person
This news release was reviewed and approved by Joel Scodnick, P.Geo., an independent consultant to Auxico, in his capacity as a Qualified Person, as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS
Mark Billings
President, Auxico Resources Canada Inc.
mb@auxicoresources.com
Cell: +1 514 296 1641
About Auxico Resources Canada Inc.
Auxico Resources Canada Inc. (“Auxico”) in a Canadian company that was founded in 2014 and based in Montreal. Auxico is engaged in the acquisition, exploration and development of mineral properties in Mexico. The Company has a 100% interest in the Zamora Silver-Gold Property in Sinaloa, Mexico. Auxico will continue to identify and potentially acquire additional property interests and conduct exploration and evaluation of these properties to assess their potential.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
- Published in Uncategorized
Auxico Announces Results of Innovative Mettalurgical Testing
Momentum Public Relations
Press Release: February 6 2018
Auxico Resources Canada Inc. (CSE:AUAG) is pleased to announce results from innovative metallurgical testing conducted on its gold/silver properties located in the state of Sinaloa, Mexico.
Series of tests that have been conducted on gravity concentrates from the Campanillas and Aguamas properties have resulted in the recoveries of over 98% of gold and 87% of silver within the same leach. These tests have been conducted over the last year using a mix of acids composed of sulfuric acid and thioria. The extraction (less than one hour) is accelerated by the use of ultrasound technology and the process uses no external heat or pressure.
SAMPLE | Feed material % Au | Recovery % Au | Feed material % Ag | Recovery % Ag |
Aguamas | 0.01 | 98.00 | 0.08 | 88.76 |
Campanillas | 0.05 | 98.00 | 0.05 | 87.47 |
These results are highly encouraging, as the process will significantly reduce both capital and operating expenditures, while having a much smaller environmental footprint.
Qualified Person
This news release was reviewed and approved by Joel Scodnick, P.Geo., an independent consultant to Auxico, in his capacity as a Qualified Person, as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS
« signed »
Mark Billings
President, Auxico Resources Canada Inc.
mb@auxicoresources.com
Cell: +1 514 296 1641
About Auxico Resources Canada Inc.
Auxico Resources Canada Inc. (“Auxico”) in a Canadian company that was founded in 2014 and based in Montreal. Auxico is engaged in the acquisition, exploration and development of mineral properties in Mexico. The Company has a 100% interest in the Zamora Silver-Gold Property in Sinaloa, Mexico. Auxico will continue to identify and potentially acquire additional property interests and conduct exploration and evaluation of these properties to assess their potential.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
- Published in Auxico Resources, Mining