Each one in plain English, with the numbers worked through for a shareholder.
9 Aug 2023drilling result▲ GoodMajor
First-pass rock chip sampling at the Sioux Lookout property in Ontario returned up to 73.6g/t gold and 15.1g/t, along the same trend as Treasury Metals' 2.9Moz Goliath project. Follow-up results are pending; early-stage, no drilling yet.
4 May 2023resource reserve update▲ GoodMajor
Pickle Crow Inferred resource rises 530,000oz to 2.8Moz @ 7.2g/t, up 24% from the 2.23Moz of February 2022. It includes a first 133koz from satellite deposits and over 1Moz in the top 250m, supporting open-pit investigation.
24 Jan 2023drilling result▲ Good
Tyson step-outs returned 2.7m @ 16.1g/t and 2.3m @ 16.4g/t, about 70m along strike from an earlier 7.8m @ 16.7g/t hit. A new bulk-mineable iron formation zone gave 11.9m @ 3.5g/t. Winter regional drilling has started, with first assays expected by end of March quarter.
22 Nov 2022drilling result▲ GoodMajor
Tyson step-out hole hit 0.4m @ 1,020g/t gold, the company's highest-grade intersection so far, about 200m below earlier drilling. Tyson is expected to enter the resource for the first time in the March quarter 2023 update. Cash was A$11M at 30 September.
11 Oct 2022drilling result▲ GoodMajor
Rock-chip sampling at the Metcalf prospect, ~6km from the 2.23Moz resource, returned up to 569g/t gold. Near-mine drill hits include 0.4m @ 91.0g/t. Drilling at regional targets starts this quarter; a resource update is set for early 2023.
23 June 2022drilling result▲ GoodMajor
Talia, a previously undrilled banded iron formation 1km from the resource, returned a discovery hole of 5.5m @ 18.0g/t gold from 44.9m. It is shallow and open in all directions; the 50,000m program is now expected to finish in early 2023.
3 May 2022drilling result▲ Good
Regional drilling found gold outside the 2.23Moz resource, including 2.1m @ 92.0g/t at Cohen-MacArthur, and Tyson/Shaft 3 returned 7.8m @ 17.0g/t. Four rigs are drilling the new 50,000m program; cash was A$24.5M at 31 March.
15 Feb 2022resource reserve update▲ GoodMajor
Pickle Crow Inferred resource rises 514,000oz (+30%) to 2.23Moz @ 7.8 g/t, from 1.7Moz six months earlier. Quartz veins are 1.92Moz @ 9.3 g/t; banded iron is 304,000oz @ 3.8 g/t. Fulfils the expected February update.
18 Jan 2022drilling result▲ Good
Further Pickle Crow hits include 7.3m @ 33.3 g/t and 1.5m @ 35.2 g/t, outside the current 1.7Moz resource. 36,440m (80 holes) are drilled with five rigs; the resource update remains on track for February 2022.
2 Dec 2021drilling result▲ Good
New Pickle Crow results include 2.0m @ 68.3 g/t, plus 19.5m @ 3.3 g/t in banded iron near Shaft 1 and more Carey hits. Five rigs are drilling, 27,500m completed, and the resource update remains on track for February 2022.
5 Oct 2021drilling result▲ GoodMajor
Auteco announced a new high-grade vein system, Tyson, at Pickle Crow, with hits like 2.8m @ 17.9 g/t and 1.0m @ 30.1 g/t over ~400m strike and beyond 800m depth. It lies outside the 1.7Moz resource. Resource update now planned February 2022.
2 Aug 2021drilling result▲ GoodMajor
Follow-up drilling at Carey returned 9.8m @ 3.1 g/t, and a new banded-iron zone north of Shaft 3 returned 10.5m @ 3.6 g/t. Auteco also met the Stage 2 earn-in (C$5M spend) for 70% of Pickle Crow; a further 10% costs C$3M. Next resource update is planned for end 2021.
15 July 2021resource reserve update▲ GoodMajor
Pickle Crow Inferred resource rises 71% to 1.7Moz (6.6Mt at 8.1 g/t), including 1.47Moz at 10.1 g/t high-grade and a maiden 240,000oz BIF resource at 3.7 g/t. Cost was A$15.25/oz; the new 50,000m program is underway.
16 June 2021drilling result▲ GoodMajor
Auteco announced the Carey discovery, with shallow intersections including 20.4m @ 5.3 g/t, suggesting possible open-pit potential. The 45,000m program is finished (166 holes, 45,522m) and the board approved a further 50,000m. Resource update is due next month; cash was $26.8M at 31 March.
7 Apr 2021drilling result▲ GoodMajor
New high-grade veins found at Shaft 3, including 0.3m @ 315.4 g/t and 1.0m @ 34.9 g/t, plus extensions to known veins. 120 holes for 31,160m are drilled. Drilling will now focus on proving continuity, and the resource update is due to be released in July 2021.
18 Mar 2021farm in farm out completion▲ GoodMajor
Auteco completed the Stage 1 earn-in spending at Pickle Crow, earning a 51% stake in PC Gold Inc. once it issues 100 million shares to First Mining, which needs shareholder approval at a meeting expected in late May 2021. This moves the earn-in towards the 80% cap.
19 Jan 2021drilling result▲ Good
Drilling outside the 1Moz resource found new shallow structures, including 5.6m @ 33.4 g/t gold. 84 holes for 19,423m drilled, with assays back for 25 holes. Three rigs are operating, and the resource update is now targeted for the June quarter 2021.
11 Nov 2020drilling result▲ Good
New drilling outside the 1Moz resource defined several mineralised zones, with results such as 3.6m @ 8.2 g/t and 18.52m @ 2.75 g/t. 58 holes for 12,927m are done; drilling was slightly delayed by crew availability. Cash is $31M; resource update still 1H 2021.
1 Sept 2020resource reserve update▲ GoodMajor
Pickle Crow Inferred resource rose 170,000oz (20%) to 1,000,000oz at 11.3 g/t, up from the 830,000oz maiden estimate in June. New holes outside the resource returned up to 99.4 g/t over 0.6m. Drilling expanded to 45,000m with a third rig; next resource update expected 1H 2021.
29 June 2020resource reserve update▲ GoodMajor
Maiden JORC 2012 Inferred resource at Pickle Crow of 830,000oz at 11.6 g/t gold (2.3Mt at 3.5 g/t cut-off), delivering the promised Q2 resource. Nine holes drilled, assays pending; a second rig added and program expanded from 5,000m to at least 10,000m.
27 May 2020drilling spud▲ GoodMajor
Maiden 5,000m diamond drilling has started at Pickle Crow, the first systematic exploration there since the mine closed in 1966. It targets shallow high-grade gold within the top 300m, outside the historical resource areas. The maiden JORC resource is still being prepared.
26 Mar 2020drilling scheduled▲ Good
Auteco identified multiple shallow drill targets at Pickle Crow across four shear zones and plans a maiden JORC resource in early Q2 2020. A 5,000m diamond drill program is planned for late May. Cash was ~$1.2M at 25 March 2020; company expects minimal COVID-19 impact.
14 Oct 2019drilling result▲ GoodMajor
Maiden six-hole, 1,163m program at Limestone Well hit shallow vanadium-titanium over 8km of strike, e.g. 116m at 0.36% V2O5 and 11.0% TiO2 to end of hole. Mineralisation is open; size evaluation under way. Resolves the drilling thread positively.
9 Aug 2019drilling spud▲ GoodMajor
Maiden reverse circulation drilling has started at Limestone Well, up to 6 holes (~900m) next to Neometals' Barrambie deposit. Auteco can earn up to 80% from Mithril by spending $2.5M over 5 years. It follows the planned June/July drilling.
15 Nov 2018drilling scheduled▲ Good
Limestone Well soil sampling found anomalous vanadium and titanium (peak 470ppm vanadium, 1.4% titanium), and ground magnetics found a magnetic body matching the soil anomaly. Six RC holes of about 150m are planned once a rig is available.
20 Aug 2018farm in farm out agreement▲ GoodMajor
Monax agreed to farm in to Mithril's two Limestone Well vanadium/titanium tenements near Meekatharra, WA, next to Neometals' Barrambie deposit. It can earn 60% by spending $1.5m over three years, and up to 80% for $2.5m over five years. Minimum first-year spend is $150,000.
20 Aug 2018farm in farm out agreement● Neutral
Mithril, the tenement holder, confirms the same Limestone Well farm-in: Monax can earn up to 80% by spending $2.5M over 5 years. Mithril says this lets it stay focused on its Kurnalpi nickel and Billy Hills zinc projects. Duplicate of Monax's own release.
25 June 2018farm in farm out completion▼ BadMajor
Monax withdrew from the Western Queen earn-in with Ramelius, ending the project it entered in September 2017. Recent drilling downgraded the chance of extending the high-grade resource, and pegmatite sampling showed too little lithium to justify more work.
8 May 2018drilling result▼ BadMajor
The deep diamond hole below the Western Queen pit (MXDD006, 448m) hit the expected zone but returned no significant assays. Monax will review further gold work and is now focusing on acquiring a battery metals project.
27 Mar 2018drilling scheduled● Neutral
All approvals received for Western Queen drilling: one diamond hole below the pit and two RC holes to the north, finishing by mid-April. Field visits to two Murchison lithium prospects found no spodumene and pegmatites too limited, so no further work there.
