Fellow miner Evolution (ASX:EVN) announced on Friday a significant expansion of its Red Lake mine project in the same rtegion in Ontario that Pickle Crow is located.
Over the next 4 years Red Lake will see $550 million of capex spent with the aim to increase annual gold production from 220,000 ounces per year to 350,000 ounces per year.
This gives me confidence that the Pickle Crow project will be a large producer and hopefully confirmed by the results from the new 50,000 metre drilling campaign recently commenced.
AUT Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
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