Auteco Minerals Ltd closes December 2019 quarter with a cash balance of $0.35million. The company completed limited field activities at the Limestone Well target and wrapped up a total of 6 RC drill holes with 1,163 meters of drilling across a strike length of 8km.
Key drill observations:
The mineralisation from the start to the end of hole indicating the width of the mineralised zone exceeds the area tested by the drilling.
The results were consistent with the Barrambie deposit mineralisation.
In order to move towards defining the potential size and scale, the Company is undertaking a technical evaluation following the maiden drilling program.
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