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Auxico Resources Discovers Platinum Group Metals on Company-Controlled Property in Colombia
MONTREAL, Oct. 20, 2021 /CNW Telbec/ - Auxico Resources Canada Inc. (CSE: AUAG) is pleased to announce the discovery of platinum group metals (PGM's) in samples
About this update from Auxico Resources Canada, Inc.
[{"type":"text","content":" MONTREAL, Oct. 20, 2021 /CNW Telbec/ - Auxico Resources Canada Inc. (CSE: AUAG) is pleased to announce the discovery of platinum group metals (PGM's) in samples from the Company-controlled property in the department of Vichada, Colombia, and the optioned property in Ivory Coast. The samples from Colombia were taken within the first meter from the surface, above the rare earth occurrences that the Company previously announced, containing a total rare earth oxide content exceeding 50%. The work program on the Company-controlled property is continuing, with the goal of finalizing a NI 43-101 report. For the latest PGM's results, please see the table below. Platinum (Pt) Palladium (Pd) Rhodium (Rh) Ruthenium (Ru) Iridium (Ir) Grade (ppm) Grade (ppm) Grade (ppm) Grade (ppm) Grade (ppm) M-10155 (Sample 1) - Colombia 22.45 0.10 <DL 13.97 53.53 M-10155 (Sample 2) - Colombia 0.76 <DL <DL 0.49 1.06 M-10255 (Sample B1) - Ivory Coast 103.61 78.69 20.70 88.89 32.62 M-10255 (Sample B2) - Ivory Coast 95.69 73.80 19.60 84.88 31.04 Sample 1 is contained in a high-grade titanium rock sample, with 42.85% titanium, 25.44% niobium, and 8.28% tantalum. Sample 2 is found in a different zone on the property, originating from a rock sample containing 30.41% tantalum, 23.30% niobium and 24.47 titanium. Both of these samples are not concentrates. For reference, please see the table below. Tantalum (Ta) Niobium (Nb) Titanium (Ti) Tin (Sn) Vanadium (V) Scandium (Sc) Grade (%) Grade (%) Grade (%) Grade (%) Grade (%) Grade (%) M-10155 (Sample 1) - Colombia 8.28 25.44 42.85 0.58 0.34 / M-10155 (Sample 2) - Colombia 30.41 23.30 24.47 1.61 / 0.44 M-10255 (Sample B1) - Ivory Coast / 0.16 49.71 / / / M-10255 (Sample B2) - Ivory Coast 59.58 20.41 1.00 0.07 / / Samples were analyzed by two independent laboratories in Canada, the Coalia in Thetford Mines and Impact Global Solutions in Delson. In addition, Impact Global Solutions conducted ultrasound extraction tests on one of the samples from Ivory Coast. Auxico owns a license to a processing technology based on ultrasound, which has achieved 99%+ recoveries of the PGM's during two 1-hour long leaching stages, as presented in the table below. Platinum (Pt) Palladium (Pd) Rhodium (Rh) Ruthenium (Ru) Iridium (Ir) Recovery (%) Recov...