PERTH, Australia<\/span>, Jan. 18, 2022<\/span> \/PRNewswire\/ — AuTECO Minerals Ltd (AUT.ASX) is pleased to report more outstanding drilling results which will help underpin a Resource update set for release next month.<\/p>\n

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The latest intersections from the 50,000m<\/span> drilling program underway at the Pickle Crow project in Ontario, Canada<\/span> continues to extend the known mineralisation outside the 1.7 Moz Resource at 8.1 g\/t gold.<\/p>\n

AuTECO has five diamond drill rigs operating as part of its strategy to continue growing the Resource. The inventory comprises the high-grade vein Resource of 1.47 Moz at 10.1 g\/t and the alteration-hosted (BIF) Resource of 240,000oz at 3.7 g\/t.<\/p>\n

In the high-grade veins, Resource expansion drilling in the Shaft 1 and Shaft 3 areas continued to return significant drill intersections that increase the known extent of mineralised structures. Results reported in this release, including 7.3m<\/span> @ 33.3 g\/t from just 9.4m<\/span> down the hole, point to a significant increase in the Resource update scheduled for completion and release in February 2022<\/span>.<\/p>\n

Near-mine exploration for alteration-hosted mineralisation with bulk mining potential continues in the Shaft 1 area. A follow-up hole to the intersection reported in the ASX release dated 2 December 2021<\/span> (19.5m<\/span> @ 3.3 g\/t gold from 340.7m<\/span>) returned an assay of 6.0m<\/span> @ 5.8 g\/t gold from 423m<\/span>, demonstrating continuity of mineralisation. Furthermore, exploration holes drilled ~500m southwest of the Shaft 1 BIF holes intersected broad zones of mineralisation (25.2m<\/span> @ 1.3 g\/t gold, 11.8m<\/span> @ 1.6 g\/t gold) in a target area called the F Zone.<\/p>\n

Drilling has commenced on the regional exploration targets located away from the Pickle Crow mine, with testing of the south-west Powderhouse target in progress. AuTECO manages ~500sqkm of tenure in the Pickle Lake<\/span> district. Results are expected early in the June quarter.<\/p>\n

AuTECO Executive Chairman Ray Shorrocks<\/span> said: "The more we drill, the more gold we find. This outstanding success rate reflects the world-class quality of the Pickle Crow mineralised system.<\/i><\/p>\n

"These latest results contain mineralisation well outside the current 1.7Moz Resource, which shows the size of the geological system.<\/i><\/p>\n

"In addition, the promising results in the alteration-hosted mineralisation continue to validate our concept of establishing higher and lower-grade areas which can be mined using different methods but would take advantage of the same access infrastructure.<\/i><\/p>\n

"AuTECO remains fully funded to continue the exploration and growth campaign".<\/i><\/p>\n

Click here to view full ASX announcement<\/a><\/p>\n

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For more information, please visit: <\/span>https:\/\/www.autecominerals.com\/<\/span><\/a> <\/p>\n

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