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- Auteco Minerals (AUT) has begun its maiden diamond drilling program at the Pickle Crow Gold Project in Canada
- The aim of this program is to target shallow high-grade gold targets that were identified during recent technical work
- This 5000-metre program will be the first completed at the project in over 50 years
- Additionally, Auteco is working to deliver a maiden JORC 2012 compliant resource for the Pickle Crow Gold mine area
- Auteco is down a slight 1.75 per cent on the market and shares are trading for 5.6 cents each
Auteco Minerals (AUT) has begun its maiden diamond drilling program at the Pickle Crow Gold Project in Canada.
The aim of this program is to target shallow high-grade gold targets that were identified during recent technical work.
Pickle Crow is located in Ontario, Canada and is one of the country’s highest-grade historical gold mines.
The mine ran from 1935 to 1966 and produced 1.5 million ounces of gold at an average grade of 16g/t. Since then, very little modern exploration has been undertaken.
This 5000-metre diamond drilling program will be the first systematic exploration completed at Pickle Crow in more than 50 years.
This gives Auteco a unique opportunity to unlock the potential of one of Canada’s high-grade gold mines.
“I’m delighted to announce that Auteco’s maiden 5000-metre diamond drill program has commenced at the high-grade Pickle Crow Gold Project in Ontario,” Executive Chairman Ray Shorrocks commented.
“Exploration activities are proceeding in line with 2020 field objectives with maiden drilling targeting high-grade, walk-up drill targets designed to bring new resource areas into JORC compliance,” he said.
“In addition, Auteco is working to deliver a maiden JORC 2012 compliant resource for the Pickle Crow Gold mine area. This resource will be focused on the high-grade underground mineable mineralisation at the Pickle Crow deposit that was the focus of profitable mining from 1935 to 1966,” he added.
Auteco is down a slight 1.75 per cent on the market and shares are trading for 5.6 cents each at 1:43 pm AEST.
