THE DRILL SERGEANT: Auteco Minerals (AUT.ASX) has commenced its first diamond drilling program at the company’s Pickle Crow gold project in Ontario, Canada.
Auteco Minerals indicated the program is to target shallow high-grade gold targets the company identified during recent technical work at the project.
The initial exploration program is to consist of 5,000 metres of diamond drilling and is the first systematic exploration conducted at the property in more than 50 years.
Auteco explained the drilling is designed to follow up on multiple high-grade, shallow gold targets within the top 300m that lie outside historically defined resource areas.
“This is an exciting time for the company as we commence the first systematic exploration on the project since the mine closed in 1966 after successfully producing 1.5 million ounces of gold at 16 grams per tonne gold,” Auteco Minerals executive chairman Ray Shorrocks said in the company’s announcement to the Australian Securities Exchange.
“Exploration activities are proceeding in line with 2020 field objectives with maiden drilling targeting high-grade, walk-up drill targets designed to bring new resource areas into JORC compliance.
“In addition, Auteco is working to deliver a maiden JORC 2012 compliant resource for the Pickle Crow mine area.
“This resource will be focussed on the high-grade underground mineable mineralisation at the Pickle Crow deposit that was the focus of profitable mining from 1935 to 1966.
“The Auteco technical team are active in the field, working to prioritise the multiple drill-ready, high-grade gold targets across the 320 square kilometres Pickle Crow gold project area through ongoing geological, structural and geophysical reviews during the current field season.”