AuTeco Minerals grows Pickle Crow Gold Project by half a million ounces

ASX-listed AuTeco Minerals has deemed its Pickle Crow Gold Project in Canada ‘world-class’ after increasing the inferred mineral resource by 500,000 ounces to total 2.23 million ounces at 7.8 g/t.

The upgrade was announced based on a 50,000 metre drilling campaign which is ongoing, with more assays expected to be returned in the coming weeks. Since September 2020, AuTeco has added 1.2 million ounces of inferred resource at an exploration cost of A$17.58 per resource ounce.

Pickle Crow, a historical mine producing 1.5 million ounces located in the Uchi sub-province of Ontario, is characterised by two distinct styles of mineralisation: The high-grade quartz vein component, which has increased to 1.92 million ounces at 9.3 g/t; and the alteration-hosted near surface resource, which has increased 304,000 ounces at 3.8 g/t.

AuTeco executive chair Ray Shorrocks said: “Pickle Crow has joined an exclusive club of global gold companies with a resource base of more than 2 million ounces in a Tier 1 location.”

“It speaks volumes about the quality of the Pickle Crow system that we added more than half-a-million ounces to the resource in just six months and…also demonstrates the immense potential for ongoing increases in the inventory,” he added.

A regional exploration programme is also ramping up, with three drill rigs assigned solely to a host of regional targets with potential to add further ounces to the resource of the project.

@RGNonline