AUXICO RESOURCES CANADA Inc., CSE: AUAG, ("AUXICO" or the "Company) is a Canadian Company founded in 2014, focused on the production of high-value metals such as tantalum, niobium, iridium and rare earths. The Company owns directly or through joint venture mineral rights in Colombia, Bolivia, Brazil and the Democratic Republic of Congo.
AUXICO is developing a company-owned rare earth project in Colombia, with a total rare earth oxide content exceeding 56% and an option to enter into a joint venture for the development of properties in Brazil with a total rare earth oxide content of 63.49%. The Company is positioning itself to be a major supplier of rare earths to the North American economy.
AUXICO holds a 100% interest in the Zamora Property (Mexico), which is host to over 15 historical mines and workings, stretching along a 6 km NE-SW trending structure southeast of the city of Culiacan. The historical mines have indicated grades sampled by the company up to 10 kg/t of silver and 20 g/t of gold.
The company has discovered numerous tantalum and niobium occurrences in Colombia and Brazil with grades exceeding 25% of tantalum and 15% of niobium. These discoveries have also proven the existence of critical minerals (including rare earths) within these ores, such as scandium, neodymium, erbium, yttrium, hafnium and cerium.
AUXICO has worldwide rights to an environmentally friendly, non-mercury, non-cyanide gold and silver extraction process, and has a proposal for building mercury and cyanide-free process plants in signatory developing countries of the Minamata Convention, in order to re-direct artisanal mining towards a sustainable processing facility. The Minamata Convention was created in order to eliminate the use of mercury which causes harm to human health and the environment - around 20 million artisanal miners around the world use mercury for mining.
This technology is a proprietary leaching extraction method utilizing already existing commercial grade ultrasound technology to significantly shorten the timeline and reduce the cost of extracting high value metals.