| Announcement Date: | 2022-02-15 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | Auteco Minerals Ltd. |
| Project name: | Pickle Crow |
| Location: | Canada |
| Commodities: | Gold |
| Highlight: | Updated Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | AuTECO Minerals Ltd (AUT.ASX) is pleased to report a 30 per cent increase in the Inferred Mineral Resource estimate at its Pickle Crow Project in Canada, taking it to 2.23 million ounces at a grade of 7.8g/t gold. This estimate comprises a high-grade quartz vein component of 1.92Moz at 9.3 g/t and a broader near-surface alteration / banded iron hosted mineralisation style that contains 304,000oz at a grade of 3.8 g/t. AuTECO Executive Chairman Ray Shorrocks said: “Pickle Crow has joined an exclusive club of global gold companies with a resource base of more than 2Moz in a tier-one location. “It speaks volumes about the quality of the Pickle Crow system that we added more than half-amillion ounces to the resource in just six months and at a cost of less than A$20/oz. “This means we have created substantial value for shareholders and also demonstrates the immense potential for ongoing increases in the inventory”. A total of ~30,000m of additional drill information was used to inform the revised year-end estimate that was prepared in accordance with the JORC Code (2012 Edition) by independent mining consultants Cube Consulting Pty Ltd. |
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