Key points:
- More outstanding results from Tyson veins demonstrate 2.2 million oz at 7.8 g/t inferred gold resource remains open in all directions.
- Step-out drilling at the Tyson discovery continues to extend mineralisation with intersections including:
- 2.7 m @ 16.1 g/t gold from 309. 6m downhole AUDD0347.
- 2.3 m @ 16.4 g/t gold from 320.2 m downhole AUDD0347.
- Strong mineralised continuity demonstrated directly along strike of previous drill intercept that showed 7.8 m @ 16.7 g/t gold AUDD0266.
- Drilling focus now shifts to the highly prospective 500 km2 of exploration tenure at Pickle Crow, with just 5% previously drill tested by AuTECO.
- Two rigs on site for winter campaign currently carrying out follow-up drilling at high-grade Talia and bonanza-grade Cohen-MacArthur gold discoveries.
AuTECO Chief Executive Officer Darren Cooke said:
“Our latest drilling has turned up some fantastic results, particularly from the Tyson area, which continues to deliver exceptional high-grade results over multiple drill sections.
“We had two separate intersections in the hole, just slightly apart from each other, about 70 m along strike from a previously reported high-grade intersection, demonstrating signs of continuity of mineralisation at Tyson.
“Our focus now turns to regional drilling over the next three-months, as access to areas improves with the ground firming over the winter period.
“We look forward to following up some of the stellar results from last year’s winter drill programme, such as the bonanza-grade intersection of 2.1 m at 92 g/t at Cohen MacArthur.
“Today’s results are a great start to what promises to be an exciting year for AuTECO, which will see us build on the 2.23 million oz at 7.8 g/t inferred gold resource.
“With the continued regional drilling campaign, AuTECO is poised for an exciting 2023.”