Auteco Minerals secures large strategic landholding along strike from Pickle Crow Gold Project in Canada

Auteco Minerals Ltd (ASX:AUT) (OTCMKTS:MNXMF) has secured a large, highly strategic landholding, along strike from its 1 million ounce Pickle Crow Gold Project in Ontario, Canada increasing its land position around the high-grade tenure to more than 496 square kilometres.  Auteco has also mobilised a fourth drilling rig to site to help expedite resource growth.  “Highly prospective” additional tenure Executive chairman Ray Shorrocks said the land acquisition and the fourth rig reflected the company’s commitment to growing the Pickle Crow resource. He said: “The additional tenure is highly prospective, given that it sits immediately along strike from the existing resource and is housed in the same greenstone belt. “I’m also pleased to announce the addition of a fourth rig to further exploit this most prolific province and add to our recent drilling success. “The combination of the new ground and the fourth rig shows Auteco is fully committed to growing the Pickle Crow resource.” This additional staking includes an additional 12 kilometres of the highly prospective Tarp Lake Shear Zone, which is subject to the earn-in agreement entered into with First Mining Gold Corp (TSE:FF) (OTCMKTS:FFMGF) (FRA:FMG) on March 12, 2020. The earn-in agreement has the option to allow some or all the increased landholding to form part of the earn-in and joint venture on the Pickle Crow Gold Project. Pickle Crow’s inferred resource estimate of 1 million ounces at 11.3 g/t gold is within a 3.5-kilometre section of the core mineralised shear zone and incorporates multiple high-grade Lodes within a large, mineralised corridor. This 3.5-kilometre section previously produced 1.5 million ounces at 16 g/t gold until the mine closed in 1966.