AuTECO Minerals’ (ASX: AUT) is reviving one of Canada’s most prolific gold mining regions, Ontario. 

The emerging mineral exploration company is currently focused on its first high-grade gold drilling project at Pickle Crow, Ontario, a site with a resource estimate of 830,000oz at 11.6g per tonne. 

With a strong cash position of AUD $33 million and pre-existing infrastructure at the company’s disposal, AuTECO has started on the 10,000m drilling project. A resource update is expected in Q4. 

The project has excellent long-term potential as AuTECO is entitled to 80% of earnings until the mining licences expire in 2067.

Going forward, AuTECO plans to explore more brownfields and other regional gold targets that are close to existing mine infrastructure.

Watch the video to hear more about AuTECO’s latest news from Executive Director, Ray Shorrocks.

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Recorded on 22 July 2020 at 12 pm.