Wednesday, October 20, 2021


Auxico Discovers Platinum Group Metals on Firm-Managed Property in Colombia

MONTREAL, Oct. 20, 2021 /CNW Telbec/ – Auxico Sources Canada Inc. (CSE: AUAG) is happy to announce the invention of platinum group…

By Staff , in Platinum , at October 20, 2021


MONTREAL, Oct. 20, 2021 /CNW Telbec/ – Auxico Sources Canada Inc. (CSE: AUAG) is happy to announce the invention of platinum group metals (PGM’s) in samples from the Firm-controlled property within the division of Vichada, Colombia, and the optioned property in Ivory Coast. The samples from Colombia had been taken inside the first meter from the floor, above the uncommon earth occurrences that the Firm beforehand introduced, containing a complete uncommon earth oxide content material exceeding 50%. The work program on the Firm-controlled property is constant, with the objective of finalizing a NI 43-101 report. 

For the newest PGM’s outcomes, please see the desk under.


Platinum (Pt)

Palladium (Pd)

Rhodium (Rh)

Ruthenium (Ru)

Iridium (Ir)


Grade (ppm)

Grade (ppm)

Grade (ppm)

Grade (ppm)

Grade (ppm)

M-10155 (Pattern 1) – Colombia

22.45

0.10

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13.97

53.53

M-10155 (Pattern 2) – Colombia

0.76

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0.49

1.06

M-10255 (Pattern B1) – Ivory Coast

103.61

78.69

20.70

88.89

32.62

M-10255 (Pattern B2) – Ivory Coast

95.69

73.80

19.60

84.88

31.04

Pattern 1 is contained in a high-grade titanium rock pattern, with 42.85% titanium, 25.44% niobium, and eight.28% tantalum. Pattern 2 is present in a distinct zone on the property, originating from a rock pattern containing 30.41% tantalum, 23.30% niobium and 24.47 titanium.  Each of those samples usually are not concentrates. For reference, please see the desk under.


Tantalum (Ta)

Niobium (Nb)

Titanium (Ti)

Tin

(Sn)

Vanadium (V)

Scandium (Sc)


Grade (%)

Grade (%)

Grade (%)

Grade (%)

Grade (%)

Grade (%)

M-10155 (Pattern 1) – Colombia

8.28

25.44

42.85

0.58

0.34

/

M-10155 (Pattern 2) – Colombia

30.41

23.30

24.47

1.61

/

0.44

M-10255 (Pattern B1) – Ivory Coast

/

0.16

49.71

/

/

/

M-10255 (Pattern B2) – Ivory Coast

59.58

20.41

1.00

0.07

/

/

Samples had been analyzed by two unbiased laboratories in Canada, the Coalia in Thetford Mines and Affect World Options in Delson. As well as, Affect World Options carried out ultrasound extraction checks on one of many samples from Ivory Coast. Auxico owns a license to a processing expertise based mostly on ultrasound, which has achieved 99%+ recoveries of the PGM’s throughout two 1-hour lengthy leaching levels, as offered within the desk under.


Platinum (Pt)

Palladium (Pd)

Rhodium (Rh)

Ruthenium (Ru)

Iridium (Ir)


Restoration (%)

Restoration (%)

Restoration (%)

Restoration  (%)

Restoration (%)

M-10255 (Pattern B2) – Ivory Coast

99.95

99.89

99.83

99.99

99.68

Further laboratory outcomes on samples from the property in Colombia had been the topic of earlier information releases revealed by the Firm on Could 28, 2021, June 24, 2021, August 25, 2021, September 9, 2021 and September 21, 2021 respectively.

About Auxico Sources Canada Inc.

Auxico Sources Canada Inc. (“Auxico”) is a Canadian firm that was based in 2014 and based mostly in Montreal. Auxico is engaged within the acquisition, exploration and growth of mineral properties in Colombia, Brazil, Mexico and the Democratic Republic of the Congo.

Further data on Auxico could be discovered on the Firm’s web site (www.auxicoresources.com) or on SEDAR (www.sedar.com) beneath “Auxico Sources Canada Inc.”

QUALIFIED PERSON

This information launch was reviewed and permitted by Joel Scodnick, P.Geo., an unbiased guide to Auxico, in his capability as a Certified Particular person, as outlined by Nationwide Instrument 43-101. The pattern outcomes supplied within the tables of this press launch weren’t chosen by Joel Scodnick.

Disclaimer: The samples supplied on this press launch weren’t chosen beneath the supervision of the Certified Particular person, and subsequently don’t absolutely adjust to Nationwide Instrument 43-101, nevertheless, the QP has beforehand chosen samples from the identical space and achieved very comparable outcomes. The samples from Ivory Coast weren’t beneath the supervision of the QP and subsequently don’t adjust to NI 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS

The Canadian Securities Trade (CSE) has not reviewed and doesn’t settle for accountability for the adequacy or the accuracy of the contents of this launch.

SOURCE Auxico Sources Canada Inc.

For additional data: Pierre Gauthier, CEO, Auxico Sources Canada Inc., [email protected], Cell: +1 514 299 0881; Mark Billings, President, Auxico Sources Canada Inc., [email protected], Cell: +1 514 296 1641



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