Auxico Resources Canada Inc. is a Canadian Company founded in 2014. The company holds a 100% interest in the Zamora Property (Mexico).
The Zamora Mineral District (ZMD) is located 85 km southeast of the city of Culiacan and 9 km northeast of the village of El Espinal, from which the properties are easily accessible year round via gravel roads. The ZMD is host to over 15 historical mines and workings, which stretch along a 6 km NE-SW trending structure.
Exploration work commenced at the Campanillas and La Franca mines, located along the NE-SW structure. The Campanillas portal was re-opened by removing 350 tonnes of rock and initial sampling yielded results of 15 kg/t of silver and 20 g/t of gold. All properties and historical mines sites are held by Auxico Resources Inc. Mexico, with additional historical mines that will be visited shortly.
“It is apparent that we have identified a very unique hydrothermal system with an expression over 7 km that has created mineralization of a high grade nature that is unique” - Joel Scodnick, independent geologist hired to commence a drilling program in the ZMD properties located in the State of Sinaloa, Mexico, in order to prepare a NI 43-101 compliant report.
Historical workings on the ZMD dates back to the 1800’s, where undetermined amounts of ore was mined out following the main NE-SW trending vein structures. Remaining infrastructures were partially restored in the 1980’s, by the Mineral Resource Board (Consejo de Recursos Minerales) who evaluated the mineral potential and confirmed the ZMD’s potential to host high grade precious metal deposits.