Candy Cane Pickaxe

The Candy Cane Pickaxe is a third-tier pickaxe that has the same pickaxe power as the Gold Pickaxe, and therefore is capable of mining Demonite and Crimtane Ores. It is obtained from Presents dropped during the Christmas event, with a chance of 0.634% in pre-Hardmode and 0.592% in Hardmode. It has the same mining speed as the Gold Pickaxe, therefore it is a good replacement of all pickaxes below Platinum Pickaxe with the exception of the Bone Pickaxe.

Trivia

 * It is misspelled as "CnadyCanePickaxe" in the game's source files.
 * Opening presents to get the Candy Cane Pickaxe is a way to get a third-tier pickaxe before getting Gold/Platinum ore.