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The latest update is out from Auxico Resources Canada ( (TSE:AUAG) ).
Auxico Resources Canada Inc. has filed an updated NI 43-101 Technical Report for its Minastyc property in Colombia with the Autorité des marchés financiers. The report, prepared by Qualified Person Ricardo Sierra, indicates that previous sampling did not meet standards for resource calculations, advising against relying on past metal content estimates. It confirms the presence of tin, tantalum, vanadium, and rare earths, though not classifiable as reserves or resources. The report suggests a bulk sampling program to validate prior exploration work, potentially impacting the company’s operational strategy and stakeholder expectations.
More about Auxico Resources Canada
Auxico Resources Canada Inc. is a Canadian company founded in 2014 and based in Montreal, trading on the Canadian Stock Exchange under the symbol AUAG. The company is involved in acquiring, exploring, and developing mineral properties in Colombia and Bolivia.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $8.03M
For a thorough assessment of AUAG stock, go to TipRanks’ Stock Analysis page.
