Clockwork Assault Rifle

The Clockwork Assault Rifle is a new weapon coming to Terraria, in the 1.1 update or a proceeding update. It appears to shoot in three-round bursts, and has a rather high damage rate. It is currently unknown what the base damage is, but it can be seen what the damage can possibly do when fired in the video (or picture below). It is unknown if it is craftable, or found in chests, or dropped.

Rumors
With "clockwork" in its name, it seems like iron could be an igredient if it is craftable, as clockworks have been made out of iron or steel centuries ago, and to date.