PERTH, Australia<\/span>, Feb. 16, 2022<\/span> \/PRNewswire\/ — AuTECO Minerals Ltd<\/b> (AUT.ASX) is pleased to report a 30 per cent increase in the Inferred Mineral Resource estimate at its Pickle Crow Project in Canada<\/span>, taking it to 2.23 million ounces at a grade of 7.8g\/t gold. <\/p>\n

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. <\/p>\n

AuTECO Executive Chairman Ray Shorrocks<\/span> 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.<\/i><\/p>\n

"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 at a cost of less than A$20<\/span>\/oz.<\/i><\/p>\n

"This means we have created substantial value for shareholders and also demonstrates the immense potential for ongoing increases in the inventory".<\/i><\/p>\n

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.<\/p>\n

In the 16 months between September 2020<\/span> and December 2021<\/span>, AuTECO has added 1.23Moz of gold to the Inferred Resource at a total discovery cost of A$17.58<\/span> (US$12.59)<\/span> per Resource ounce. <\/p>\n

AuTECO is now ramping up drilling to test some of the early-stage regional targets on the 500sqkm of tenure managed the Company in the Pickle Lake<\/span> district. Three drill rigs are currently engaged on early-stage regional programs, with results expected in the June quarter.<\/p>\n

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^{[1]<\/sup> Calculated at a AUD to USD exchange rate of 0.72<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n}
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Outstanding result catapults Pickle Crow to world-scale status; Exploration success driving immense value creation for shareholders, with 1.2Moz of Resource…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[105],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/99699"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=99699"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/99699\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=99699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=99699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=99699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}