The Enchanted Pickaxe is a Pre-Hardmode pickaxe that gains 10% Pickaxe Power (15% for WoF, and 5% in War Mode) and 3 Damage every time you defeat a boss. It appears underground, like the Enchanted Sword sometimes does, and is gained in the same way. Every "Pickaxe in a Stone" object you find, it will have a 15% chance to be an Enchanted Pickaxe.
Stats[]
11 Melee Damage
5% Critical Strike Chance
Fast Speed
35% Pickaxe Power