Bright future at Pickle Crow

Aerial view of the Pickle Crow exploration camp.

Auteco Minerals (AsX: AuT) is a gold exploration company advancing the high-grade Pickle Crow Project in the world-class Uchi sub-province of Ontario, Canada.

One of the best gold addresses globally, the Uchi sub-province hosts significant gold deposits with a >40Moz endowment including Evolution Mining’s Red Lake, Kinross’s Dixie project and First Mining’s Springpole project.

Auteco’s Pickle Crow Project was one of Canada’s highest-grade gold mines, historically producing 1.5Moz at 16 g/t gold; the project hosts a JORC inferred Resource of 2.23Moz at 7.8 g/t as of February 2022.

Pickle Crow has camp-scale drill targets with exceptional discovery potential. The project has inherited infrastructure (processing plant on site, underground) that provides a pathway to a low capital production start-up.

Auteco is pursuing a dual strategic focus to unlock the full potential of Pickle Crow – targeting near mine growth (discovering and defining mineralisation proximal to the historic deposit, and continuing to grow

Exploration best done in the winter.

the resource and advance toward production) in tandem with regional discovery (discovering and developing deposits on the 500 square kilometres of regional exploration tenure outside of Pickle Crow).

Following a successful 50,000-metre program completed between June 2021 and March 2022, the company now has an additional 50,000-metre drilling program underway to expedite resource growth. Mineralization remains open in every direction.

Auteco boasts exceptionally low discovery costs, with 1.23Moz of inferred resource added since september 2020 at a cost of A$17.58 (us$12.59) per resource ounce. The speed and low cost at which the company’s resource has grown highlights the quality and huge remaining growth potential of the Pickle Crow mineralized system.

Exceptional regional drilling hits continue to be delivered at the project. in June 2022, the company announced a significant new discovery – the Talia prospect – with a drill hole of 5.5 metres at 18 g/t gold. The results support the company’s dual strategy of growing the resource in parallel with testing highly promising regional targets with the potential to generate substantial, rapid increases in the inventory.

Auteco’s leadership team has been involved in some of the most successful resource sector stories this past decade, including Bellevue Gold and Northern Star Resources – and have a proven track record of gold discoveries and creating wealth for shareholders. A series of key appointments were made in June 2022, including the appointment of Darren Cooke as CEO, following his tenure as Auteco’s COO and having joined the company from Northern star Resources in February 2021.

Upcoming focuses for Auteco include the completion of the 50,000-metre drill program underway and testing of early-stage targets outside of the mine area; Another significant increase to the Pickle Crow Resource is expected early in the new year.