Guaxilan, S.A. is a mining asset acquisition made by the Cunico Group and is a fully owned subsidiary. The mining asset is located in Guatemala.
Guaxilan is the owner of several exploitation and exploration tenements in the area Cerro Colorado Mining Project (CCMP), in Guatemala. The exploitation tenement is estimated to contain large quantity of mineable high grade Saprolite Nickel ore. The exploration applications cover a sizable area, containing some potentially promising locations.
|Element||Typical (%)||Indicative (%)|
|Ni||1.8 - 2.0||1.95|
|Co||0.03 - 0.05||0.04|
|Cr||0.9 - 1.1||1.0|
|CaO||1.0 - 2.0||1.5|
|MgO||16 - 22||18.0|
|Al2O3||2.0 – 3.5||2.7|
|SiO2||30 - 40||35.0|
|Moisture||32 - 37||35|
|Granulometric size classes (mm)||Mass distribution (%)|