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.
The project hosts a JORC Resource of 2.23Moz at 7.8g/t as at February 2022. This is a +30% increase by 500,000oz in just six months. Auteco has a 50,000m drilling program underway to expedite Resource growth and mineralisation remains open in every direction.
Pickle Crow is one of Canada’s highest-grade gold mines – historically producing 1.5 million ounces at 16 g/t gold.
Auteco’s directors and exploration team have a proven track record of gold discoveries and creating wealth for shareholders and stakeholders.
1832 Asset Management – 12.9%
Franklin Resources, Inc. – 6.2%
Campbell Kitchener Hume & Assoc. – 5.5%
Symorgh Investments – 5.1%
Management Ownership – 16%
Darren Cooke – Chief Operating Officer
Darren is a geologist with over 25 years’ experience having previously held senior positions in global majors including Barrick Gold, Newmont and Northern Star Resources.
Darren has had extensive gold industry experience in Australia and North America spanning exploration and operational geology and corporate development.
Meeting potential investors in a face-to-face setting
Exceptional Resource growth and drilling results
Resource update dated 15 February 2022
Continue to drill and test regional exploration targets
Continue Resource extension drilling, deliver a conceptual plan to re-establish access to underground
Complete 50,000m of drilling, provide an updated Resource estimate
One issue is cost pressure and inflation that is resulting from global macro factors (e.g., fuel cost) and increased competition for resources amongst mining companies (e.g., people, drill rigs etc.). We are overcoming this by locking in long term contracts with suppliers and building a positive team culture in order to minimise staff turnover.
AuTECO has one of the highest grade +2Moz gold Resources in a Tier 1 mining jurisdiction. The company is well funded (+A$11M) in funds to grow the business via investment in drilling and will continue to deliver strong results.
1) Very high grade +2 million ounce gold Resource
2) Exceptional potential for regional exploration discoveries
3) Strong stock growth potential