Australia’s AuTECO Minerals (ASX:AUT) has drilled its highest-grade intersection to date of 1,020g/t gold over 0.4 metres at its Pickle Crow gold project in Ontario, Canada.
The results come from step-out drilling at the Tyson discovery, which has significantly expanded the known extent of the high-grade vein system, with mineralisation intersected ~200m below previous drilling.
AuTECO also revealed in today’s announcement drilling to test extensions to the Vein 5 vein structure, which has historically produced more than 200,000 ounces of gold, has successfully demonstrated the vein continues along strike beyond the extents of historical mining.
These drilling results are outside of the current 2.23Moz at 7.8 g/t Inferred gold Resource provided by the company earlier this year and will help inform an updated Resource estimate, planned for early 2023.
Meanwhile, AuTECO will continue with a dual-tracked approach to drilling for the remainder of 2022, with a combination of extensional in-mine Resource growth drilling and regional exploration.
AuTECO is well funded to continue the exploration and growth campaign with two rigs planned to drill for the remainder of 2022.
