Auxico Resources Announces 2023 Sampling Success at Minastyc Property

Auxico Resources Canada Inc. (CSE: AUAG), (OTCQB: AUXIF) has announced encouraging outcomes from its 2023 exploration and sampling program at the Minastyc Property, a critical mineral project in Puerto Carreño, Vichada, Colombia. The program collected 72 samples, revealing a widespread presence of Rare Earth Elements and critical minerals such as tantalum, niobium, tin, and lithium across the 2 km study area.

Key Findings and Analysis Methods

Ricardo Sierra and Julian Salgado led the sampling at Minastyc, uncovering valuable rare earth minerals including cerium and dysprosium in all samples. The certified lab Impact Global Solutions performed ICP-MS analyses yielding precise element concentrations. Subsequent concentration of these samples aims to refine their valuable mineral content.

Exploration and Strategic Importance

Auxico’s sampling campaign highlights new layers of potential, marking the Minastyc Property as a site of significant interest for future mining ventures, with Area 50 showcasing high-grade concentrates in previous studies.

About Auxico Resources

Founded in 2014 and based in Montreal, Auxico engages in mineral property exploration, with operations in Colombia, Bolivia, and the Democratic Republic of the Congo. The company trades on the CSE under the symbol AUAG and on the OTCQB Market under AUXIF.

Mark Billings, Chairman of Auxico, emphasizes the sample campaign’s revelation of uncharted minerals, propelling the economic potential of Minastyc. The company continues to advance its exploration efforts, solidifying its presence in the mining sector.

Qualified person Mr. Ricardo Sierra has reviewed and endorsed the technical content of this news release as per National Instrument 43-101 standards.

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