Auxico Resources Inks Deal With Minampro To Mine Tantalum, Niobium Rare Earth Metals In Vichada, Colombia
Auxico Resources Canada (CSE: AUAG) has announced that it has entered into a memorandum of understanding with the Colombian company Minampro Asociados S.A.S. to earn a 70% interest in a joint venture for the exploitation and trading of tantalum ore industrial sands originating from properties in the department of Vichada, .
Tantalum (above photo) is an important metal for electronics – especially capacitors, and laboratory equipment. Niobium is important for the space industry and is also used in jewelry.
The program confirmed the presence of tantalum and niobium, as well as various rare earths including: ytterbium, hafnium, neodymium, scandium, dysprosium, praseodymium and gadolinium.
Vichada is a vast, flat, sparsely populated region of Colombia bordering Venezuela to the East, and part of the Orinoco river watershed. Though geographically it is one of the largest departments in Colombia, it has an entire population barely exceeding 100,000 people. In addition to the Guacamayas-Maipore, it is home to 5 other recognized indigenous communities.
Headline image by Alchemist-hp (www.pse-mendelejew.de) – Own work, FAL