AuTECO Minerals Encounters Further High-Grade Canadian Gold Intercepts

THE DRILL SERGEANT: AuTECO Minerals (ASX: AUT) reported further high-grade gold intersections from the company’s Pickle Crow gold project in Ontario, Canada.

AuTECO Minerals recorded drill results stemming from step-out drilling at the Tyson discovery, a series of mineralised quartz lodes first discovered by AuTECO in 2021.

The latest drilling encountered two separate high-grade intersections of:

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2.7 metres at 16.1 grams per tonne gold and 2.3m at 16.4g/t gold.

These intersections are located approx. 70m along strike of a previously reported zone of 7.8m at 16.7g/t gold, providing further evidence of broad-scale continuity of mineralisation in the Tyson veins while also demonstrating the Pickle Crow 2.2 million ounces at 7.8g/t gold Inferred Resource remains open in all directions.

AuTECO has now kicked off its regional winter exploration program with two diamond drill rigs operating.

The firming of ground over winter provides access to areas across the company’s tenements that are harder to reach in warmer months.

The initial focus of AuTECO’s winter exploration program will follow up drill intersections from its 2022 campaign at the Talia discovery (5.5m at 18g/t gold) and Cohen-MacArthur, where assays of up to 92g/t gold were returned.

Later drilling will focus on testing the Tarp Lake Shear zone, a major regional gold bearing structure the company considers having strong potential for a major discovery.

AuTECO’s stated intention is to continue its dual focus on both in-mine expansion at Pickle Crow and regional exploration to test for further gold mineralisation on the company’s highly prospective 500 square kilometres of exploration claims to provide the next generation of Resource growth.

“Our latest drilling has turned up some fantastic results, particularly from the Tyson area, which continues to deliver exceptional high-grade results over multiple drill sections,” AuTECO Minerals chief executive officer Darren Cooke said.

“Our focus now turns to regional drilling over the next three-months, as access to areas improves with the ground firming over the winter period.”

 

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